Turbocharger Market Size To Expand at a Notable CAGR Of 7% During 2024 - 2027

Pune, India, January 21, 2019 /MRFR Press Release/- Market Research Future published a half-cooked research report on Global Automotive Turbocharger Market. The global Automotive Turbocharger market is expected to witness ~7% CAGR during the period, 2018 to 2024.

Market Highlights

The turbocharger system consists a turbine and a compressor employed in the large heavy vehicles especially in those having multiple trailers such as buses, trucks, trailers and semi-trailers for the purpose of safety, efficiency, and reliability. The automotive turbocharger is a centrifugal blower which produces high pressure air to enhance the power of IC engines. The major advantage of this system is that it makes engines more compact & smaller and increases its overall performance.

The automotive turbocharger market is majorly driven due to the stringent vehicle emission norms from the developing regions such as Europe and North America. In addition, the increasing production of commercial vehicles in countries such as China, Germany, Mexico, India, and Japan drive the growth of Automotive Turbocharger market. Furthermore, technological advancement such as e-turbocharger, growing awareness from the key manufacturers in reducing the carbon footprints, low maintenance cost of this system, and the growing concern over the safety in commercial vehicles are set to drive the growth of this market during the study period. 

Browse Complete Report @ https://www.marketresearchfuture.com/reports/turbocharger-market-1835

Drivers: Automotive Turbocharger

Market Research Analysis

In terms of region, the global market for the Automotive Turbocharger is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North Americ is estimated to hold a significant market share throughout the forecast period owing to growing production of commercial vehicles from US, Canada, and Mexico. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period due to the growing socio-economic conditions in countries such as China, Japan, India and other countries in the region, growing goods transportation, growing commercial vehicle production and rising focus towards driver & vehicle safety.

Continuous improvement in turbocharger technology will further enhance the Asia-Pacific market size. In Europe, the presence of key manufacturers such as Continenetal AG, Bosch, and Eaton Corporation are also contributing in the growth of this market.

Scope of the Report

This study provides an overview of the global Automotive Turbocharger market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Turbocharger market by Technology, Fuel Type, Sales Channel, Vehicle type, Material, Application and Region.

• By Technology


• VGT/VNT


• Wastegate


• Electric Turbocharger


• Others

• By Fuel Type


• Diesel


• Gasoline

• By Sales Channel


• OEM


• Aftermarket

• By Material


• Cast Iron


• Aluminium


• Others

• By Vehicle Type


• Passenger Vehicle


• Light Commercial Vehicle


• Heavy Commercial Vehicle

• By Application


• Automotive


• Marine


• Agricultural & Construction


• Other

• By Regions


• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the global Turbocharger market include Cummins Inc (US), Eaton Corporation (Ireland), Honeywell International Inc (US), Bosch Mahle Turbo Systems GmbH (Germany),  Precision & Turbo (US), Borgwarner and Inc (US), Rotomaster International (Canada), Mitsubishi Heavy Industries (Japan), Continenetal AG (Germany) & Others.

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