The MarketWatch News Department was not involved in the creation of this content.
May 23, 2020 (Market Insight Reports) -- Selbyville, Delaware This Global Automotive Turbocharger report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Growing demand for mid-sized vehicles with low capacity engine and high performance is a major factor driving automotive turbocharger market growth. Turbochargers when used in vehicles, enhance the performance by optimizing the power output of smaller engines. It minimizes the friction in engines, subsequently improving fuel efficiency. Rising R&D activities for advancement of turbochargers have resulted in development of engines with low carbon emissions and less fuel consumption. Favorable regulatory scenario which promote fuel-efficient automobile engines is stimulating the industry outlook.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/980166/?utm_source=Marketwatch.com&utm_medium=AN
As per vehicle type, PCVs segment held 60% revenue share in 2017 and is expected to register significant growth during the forecast period. Shifting preferences towards purchasing compact SUVs owing to low space footprint, durability, and superior power output is fueling the segmental growth.
In terms of technology, variable geometry turbochargers (VGT) segment is presumed to expand with a CAGR of 8% through 2024. Turbochargers based on this technology can adjust the aspect ratio depending on the engine requirements. It uses combination of multiple pressure ratios as per engine speed to enhance acceleration of the vehicle.
By fuel type, diesel segment accounted for 60% volume share in 2017 and is projected to record substantial growth during the estimated timeframe. Factors such as easy availability of diesel vehicles equipped with turbochargers as well as reduced fuel cost and high fuel efficiency associated with diesel turbochargers are favoring the market outlook. Diesel based turbocharger offers higher torque at relatively lower RPM which further enhances the uphill driving experience.
Based on distribution channel, market share from OEMs was accounted to be at 90% in 2017 and is slated to showcase similar growth in the ensuing years. Increasing deployment of turbochargers and rising development of electric turbocharging solutions are positively impacting the sales through OEMs.
Considering the geographical landscape, Europe automotive turbocharger industry is reckoned to witness lucrative growth during the projected timespan. High concentration of major automakers using turbocharging technologies in their product profile is promoting the business outlook in Europe.
The major contenders in automotive turbocharger market are Turbonetics Inc., Turbo Energy Pvt. Ltd., The Turbo Engineers GmbH, Rotomaster, Precision Turbo & Engine, Montupet, Magnum Performance Turbos, Linamar Corp., IHI Corp., Honeywell International Inc., Cummins Inc., Cimos D.D., BMTS Technology, BorgWarner and Banks Power among others.
Question & Answer: Automotive Turbocharger Market
Question 1: Why is the automotive turbocharger market witnessing continuous growth?
Answer: Growing demand for mid-sized vehicles with low capacity engine and high performance is favoring the use of turbochargers in automotive industry, hence propelling market growth.
Question 2: Which factors are fueling the adoption of variable geometry turbochargers?
Answer: Variable geometry turbochargers can adjust the aspect ratio depending on the engine requirements. They use combination of multiple pressure ratios as per engine speed to enhance acceleration of the vehicle.
Question 3: Will Europe emerge to be a major revenue generator for automotive turbocharger market?
Answer: High concentration of major automakers using turbocharging technologies in their product profile is promoting the business outlook in Europe.
Question 4: How is the competitive landscape of global automotive turbocharger market defined?
Answer: The major contenders in automotive turbocharger market are Turbonetics Inc., Turbo Energy Pvt. Ltd., The Turbo Engineers GmbH, Rotomaster and Precision Turbo & Engine among others.
Complete Report At: https://www.marketstudyreport.com/reports/automotive-turbocharger-market
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on editorial@themarketpublicist.comCOMTEX_366062182/2599/2020-05-23T06:45:47
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
Komentar
Posting Komentar