Automotive Turbochargers Market Trends 2024 - The PCVs sector has been stimulating the global industry
Category: #business  By Partha Ray  Date: 2019-08-15
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Automotive Turbochargers Market Trends 2024 - The PCVs sector has been stimulating the global industry

As per the estimates, PCVs are expected to stand as a dominant vehicle segment in Automotive Turbochargers Market landscape over 2018-2024. The incredible advantages of these induction devices have ensured an escalating demand for renewed turbocharging technologies. In consequence, pivotal Automotive Turbochargers Market players have been working toward extending their regional reach by constructing new production facilities across various geographies. An instance validating the same is that of BorgWarner having opened its new turbocharger technology production plant in Thailand recently.

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Increasing demand for medium sized vehicles with lower capacity engines and efficient performance is driving the turbocharger market share over the forecast timeframe. The automobile industry is undergoing technological advancements to provide higher power with reduced engine size. The ability of the product to reduce fuel consumption and emit lower carbon emissions will induce a positive effect on the automotive turbochargers market place.

Competitive outlook of the automotive turbochargers market

It would be prudent to mention that the automotive turbochargers market has a highly competitive landscape with well renowned names such as Honeywell, Federal-Mogul, BorgWarner, Mitsubishi Heavy Industries, Cummins Turbo Technologies, Weifang Fuyuan, Montupet, and IHI Corporation. Quite expectedly, these giants are constantly vying with each other to achieve market prominence. The steep competition has prompted a rise in investments in research and development, bringing about advanced technological innovations that would stimulate automotive turbochargers industry. Say for instance, it has been observed that the quality of construction materials has a huge impact on turbocharger efficiency. On these grounds, companies use super strong, light alloys made with a mixture of aluminum and titanium to create turbo components.

With the automotive industry growing at an unprecedented rate, transport has emerged as one of the chief contributors of the increasing levels of green house gases in the atmosphere. On these grounds, regulatory bodies responsible for the planet’s sustainable have been stringently tightening their norms that automotive manufacturers are mandated to adhere to. Held together with a legislative structure in place in addition to catering to a growing populace of environmentally conscious consumers, automotive turbochargers market size has been forecast to surpass USD 24.5 billion by 2024.

As per statistics, turbochargers can raise fuel efficiency by 45% - this alone has led to major European automobile owners opting for this component. A diesel engine fitted with a turbocharger can apparently go 40% further and a gasoline engine 20% further on a liter of fuel. Demonstrating an instance, Ford claimed that the turbocharged 2012 Ford Explorer gets about 23 miles per gallon compared to 20 miles per gallon for the naturally aspirated version. The increasing considerations related to fuel efficiency maintenance will thus increase the adoption of these products, augmenting the commercial graph of automotive turbochargers market.

Browse key industry insights spread across 360 pages with 582 market data tables & 17 figures & charts from the report, “Automotive Turbochargers Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-turbocharger-market

Report Content

Chapter 3     Automotive Turbochargers Market Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013 - 2024

3.3    Industry ecosystem analysis

3.3.1   Component suppliers

3.3.2   Manufacturers

3.3.3   Profit margin analysis

3.3.4   Distribution channel analysis

3.3.4.1   Distributors

3.3.4.2   E-commerce

3.3.4.3   OEMs

3.3.4.4   Aftermarket

3.3.5   End-users

3.3.6   Vendor matrix

3.4    Comparison of turbo engine and non-turbo engine

3.5    Pricing analysis, 2017

3.5.1   By region

3.5.1.1   North America

3.5.1.2   Europe

3.5.1.3   Asia Pacific

3.5.1.4   Latin America

3.5.1.5   MEA

3.8.3.4.2   Diesel vehicle

3.8.4   LATAM & MEA

3.8.4.1   Brazil

3.8.4.2   South Africa

3.9    Industry impact forces

3.9.1   Growth drivers

3.9.1.1   Stringent emission regulations for fuel efficiency, and engine downsizing

3.9.1.2   Increasing automotive production and sales

3.9.1.3   Performance and safety improvement at higher altitudes

3.9.2   Industry pitfalls & challenges

3.9.2.1   Increasing penetration of electric vehicles

3.10   Innovation & sustainability

3.11   Growth potential analysis, 2017

3.12   Industry best practices and key buying criteria

3.12.1   Need recognition

3.12.2   Information Search

3.12.3   Evaluation of alternatives

3.12.4   Purchase decision

3.12.5   Post purchase behavior

3.13   Competitive landscape, 2017

3.13.1   Global company market share analysis, 2017

3.13.2   Strategy dashboard

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-turbocharger-market

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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