Automotive Turbocharger Market Highlights:
Honeywell International Inc. (U.S.), BorgWarner Inc. (U.S), Mitsubishi Heavy Industries, Ltd (Japan), IHI Corporation (Japan), Continental AG (Germany), Cummins, Inc. (U.S.), Bosch Mahle(Germany), Bullseye Power, LLC (U.S.), Precision Turbo and Engine(U.S.) and Fengcheng Xindongli Turbocharger Co., Ltd.( China). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Automotive Turbocharger market.
Get Free Sample “Automotive Turbocharger Market Research Report-Global Forecast till 2023” At: https://www.marketresearchfuture.com/sample_request/4352
Automotive Turbocharger Market Drivers and Restraints:
Global automotive turbocharger market has very broad market in coming recent years. MRFR analysts has predicted that automotive industry is about to grow at a rapid pace, moreover, the speedy rising sales of passenger cars and technological innovations have also been a growth momentum. The global automotive turbocharger market is expected to reach USD 24,223.3 million by 2023 with 7.97% CAGR.
Automotive industry is diversifying at a greater speed as manufacturers and suppliers race to produce lighter and more powerful vehicles in lesser time. Alternative fuels, new lightweight materials and innovative technology are transforming the manufacturing process of automotive industry. With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players. The income levels of individuals have been steadily increasing, also resulting in the rise in their disposable income, pushing the market towards growth. The currently booming automotive industry, combined with steadily increasing disposable income, is expected to contribute significantly in the growth of the market.
Global Automotive Turbocharger Market Segments Analysis:
The global Automotive Turbocharger market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Gasoline Engine, Diesel Engine, and New Energy Engine.
Segmentation by Application: Comprises Passenger Vehicle and Commercial Vehicle.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Automotive Turbocharger Market Regional Analysis:
Asia-Pacific accounted for the largest market share of 40.75% in 2016 due to increase in the vehicle production in developing countries such as India and China. The demand for turbochargers is largely dependent on vehicle production in developing countries such as India and China. The vehicle production is growing, which in turn would push the demand for turbocharged vehicles. Moreover, factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market. China accounted for the largest market share with a market value of USD 2,862.6 million and is projected to grow at the highest CAGR of 9.65% during the forecast period.
The vehicle production is growing, which in turn would push the demand for turbocharged vehicles. Moreover, factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market. North America accounted for the second largest market during the forecast period due to increase in demand of the new vehicles. The factor that are responsible for the growth of automotive turbocharger market are continuous growth in global automotive industry and stringent vehicle emission regulations. Many stringent policies have been imposed worldwide in recent years to reduce negative effects on environment due to which the demand for turbocharger is increasing. The amended rules will apply to all vehicles run on petrol, CNG, LPG, electric, diesel and hybrid. The factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle-class consumers.
Report Overview:
The report for Global Automotive Turbocharger Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
TABLE 1 EXECUTIVE SUMMARY 14
TABLE 2 INTRODUCTION 28
TABLE 3 AUTOMOTIVE TURBOCHARGER MARKET, BY TYPE, 2015-2023 (USD MILLION) 28
TABLE 4 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY TYPE, 2015-2023 (MILLION UNITS) 29
TABLE 5 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 32
TABLE 6 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY APPLICATION, 2015-2023 (MILLION UNITS) 32
TABLE 7 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY REGION, 2015-2023 (USD MILLION) 37
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR 17
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL AUTOMOTIVE TURBOCHARGER MARKET 21
FIGURE 4 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE TURBOCHARGER MARKET 23
FIGURE 5 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY TYPE, 2016 (%) 28
FIGURE 6 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY APPLICATION, 2016 (%) 31
Continued…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/automotive-turbocharger-market-4352