In the current scenario, fuel efficiency is the major concern for vehicle users due to spurring fuel prices globally. The automotive industry registers a high demand for efficient internal combustion engines rather than naturally aspirated engines with better mileage. To fulfill the demand, automotive manufacturers developed turbochargers, originally known as turbosuperchargers to enhance engine performance and fuel efficiency. The increasing demand for fuel-efficient engines such as turbo engines is boosting the growth of the turbocharger market, as per the newly published business intelligence report by IndustryARC. The report has estimated the global Turbocharger market size at $1.6 billion in 2018 and the market is expected to grow at a CAGR of 5.08% during the forecast period 2019-2025.
The report is titled, “Turbocharger Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019–2025.” This report has been compiled thoroughly by the IndustryARC analyst who has used statistical information in elucidating how the market will experience growth in the upcoming years.
View Full Table Of Content Of Turbocharger Market:
Turbocharger Market: Leading Segments
Europe is dominating the turbocharger market with an esteemed regional share of 41.2% of the total market share in 2018. High penetration of technological advancements into turbochargers and stringent emission regulations by the government are the factors fueled the turbocharger market growth regionally. Additionally, the demand for lightweight engines and engine downsizing that are met by turbocharger installations have rendered Europe with maximum share.
The turbocharger market is segmented on the basis of industry into aerospace and defense, automotive, marine, agriculture, and construction. The major applications of turbochargers are in the automotive industry. The increasing demand from automotive customers for cost-effective and fuel-efficient engines led to the enhanced adaption of turbochargers by automakers. Resultant, the automotive turbocharger market is anticipated to propel at a CAGR of 5.3% by 2025.
Turbocharger Market Disruptive Trends
Technological advancements in turbochargers led to the development of electric turbochargers. There are several advantages possessed by electric turbochargers over traditional turbochargers such as the elimination of turbo-lag, minimized heating of the engine chamber, enhanced engine efficiency, and environmental friendly with minimal contribution to air pollution. The aforementioned benefits of an electric turbocharger are fueling the demand for the same and thereby disrupting the turbocharger market.
Turbocharger Market: Major Players
There are many companies that are combating to gain a majority of shares in the turbocharger market. Some of those companies are Continental AG, BMTS Technology, Honeywell, Inc., Eaton Corp., IHI, Mitsubishi, ABB LTD., DELPHI Technologies PLC, and CUMMINS Inc.
What can you expect from the report?
The Turbocharger Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Turbocharger Market Size by Product Categories & Application
2. Turbocharger Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Turbocharger Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Turbocharger Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Turbocharger Market Strategic Analysis
18. Turbocharger Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Turbocharger Market Revenue and Volume Analysis
A. Automotive Turbocharger Market
B. Turbocompressor Market
Mr. Venkat Reddy
Email : firstname.lastname@example.org
Contact Sales: +1-614-588-8538 (Ext-101)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.