About Automotive Turbocharger
Automotive turbocharger is a turbine-driven forced induction device that increases an internal combustion engine’s efficiency and power output by forcing extra compressed air into the combustion chamber. It is made up of two main sections including turbine and compressor. It helps to boost an engine’s horsepower without significantly increasing its weight. It can be used with either gasoline or diesel engines and on more or less any kind of vehicle.The automotive turbocharger market is primarily driven by stringent emission norms across the globe. Rise in demand for vehicles with higher power output, coupled with stringent emission limits, has prompted manufacturers to install automotive turbochargers in their vehicles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Automotive Turbocharger is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Turbocharger market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell (United States), Mitsubishi Heavy Industries, Ltd. (Japan), BorgWarner (United States), IHI (Japan), Continental (Germany), Cummins (United States), Bosch Mahle (Germany), ABB (Switzerland), TEL (India) and Delphi Technologies (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rotomaster International (Canada), Precision Turbo & Engine INC (United States), Turbonetics (United States), Turbo International (United States), Kompressorenabu Bannewitz GmbH (Germany), Turbo Dynamic Ltd. (United Kingdom) and Calsonic Kansei (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Turbocharger market by Type (Mechanical Turbocharging and Exhaust Gas Turbocharging), Application (Agricultural tractors, Passenger Cars, Light Commercial Vehicles, Truck, Bus and Others) and Region.
On the basis of geography, the market of Automotive Turbocharger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. VNT/VGT will boost the Automotive Turbocharger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Diesel will boost the Automotive Turbocharger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cast iron will boost the Automotive Turbocharger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Fuel Efficient Engines
Market Growth Drivers:
High Demand Due To Increased Horsepower, Better Fuel Economy and Higher Efficiency and Increasing Demand for Commercial Vehicles
Challenges:
Slowdown of the World Economy Leads into Decreasing Demand for Vehicles
Restraints:
Turbochargers Get Very Hot and Often Tap into the Engine’s Oil Supply
Opportunities:
Growing Automobile Industry Worldwide and Increasing Consumer Awareness about Vehicle Performance
Market Leaders and their expansionary development strategies
On 1st October 2018, Honeywell has announced that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million from IK Investment Partners.
On 31st August 2018, Mitsubishi Heavy Industries, Ltd. launched new models of small, lightweight, and high-efficiency turbochargers for diesel engines. The MET-MBII axial-flow turbocharger series is developed mainly for two-stroke engines that is smaller and lighter than the existing MET-MB series, with a 16% greater air flow capacity.
Key Target Audience
Automotive Turbocharger Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.