Global Automotive Turbocharger Market 2017-2021

This industry research report identifies Honeywell International, BorgWarner, IHI, Cummins, and Mitsubishi Heavy Industries as the key vendors in the global automotive turbocharger market. This industry research report also presents a comprehensive analysis of the market by engine type (gasoline and diesel), by vehicle type (light-vehicle and heavy-vehicle), and by geography (the Americas, APAC, and EMEA).

Overview of the global automotive turbocharger market

Research analysis on the global automotive turbocharger market identifies the growing global automotive sales will be one of the major factors that will have a positive impact on the growth of the market. The growth of these emerging markets has been vigorous because of ongoing industrialization and global trade activities in these regions. The rising demand the developed and developing countries has created an opportunity for various automotive turbocharger vendors to promote their products and solutions. This has driven the automotive turbocharger market's growth in this region significantly during the past few years. Technavio’s market research analysts predict that in terms of units, this market will grow at a CAGR of more than 6% by 2021.

In terms of geography, APAC will contribute to the highest shares of the automotive turbocharger market during the forecast period. The developing countries in the region are the fastest growing markets for the vendors. The growth of the market in this region is mainly due to the high penetration of diesel passenger and light vehicles in countrie such as India.

Competitive landscape and key vendors

The market has the presence of few number of vendors and is concentrated. The local and regional vendors in the market offer cost-effective turbochargers with limited features and functionalities. The competitive environment among the automotive turbocharger manufacturers will intensify in the coming years and the local players will give a stiff competition to the international players.

The leading vendors in the market are -

• Honeywell International
• BorgWarner
• IHI
• Cummins
• Mitsubishi Heavy Industries

The other prominent vendors in the market are Banks Power, Magnum Performance Turbos, Precision Turbo and Engine, TEL, Turbo Engineering, and Turbonetics.

Segmentation by engine type and analysis of the automotive turbocharger market

• Gasoline
• Diesel

During 2016, the diesel segment accounted for the major shares of this market. The diesel engines provide a lower power output than naturally aspirated gasoline engines of the same capacity. The diesel engines have high from APAC region which will boost the market growth in the forecast period.

Segmentation by vehicle type and analysis of the automotive turbocharger market

• Light-vehicle
• Heavy-vehicle

The light-vechicle will account for the highest market share in the forecast period. The increasing demand for passenger cars with turbochargers will fuel the demand for automotive turbochargers. There is a high demand for passenger cars which offer high performance and driving experience to the driver.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive turbocharger market?
• What are the key market trends impacting the growth of the global automotive turbocharger market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive turbocharger market?
• What are the market opportunities and threats faced by the vendors in the global automotive turbocharger market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive turbocharger market?