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
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?
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Value chain analysis
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by engine type
- Global automotive turbocharger market by engine type
- Global diesel engine turbocharger market
- Global gasoline engine turbocharger market
- Global automotive turbocharger market by vehicle types
PART 07: Market segmentation by vehicle type
- Global light vehicle turbocharger market
- Global heavy vehicle turbocharger market
PART 08: Market segmentation by geography segmentation
- Global automotive turbocharger market by geography
- Automotive turbocharger market in EMEA
- Automotive turbocharger market in APAC
- Automotive turbocharger market in Americas
PART 09: Key technical criteria
PART 10: Decision framework
PART 11: Drivers and challenges
- Market drivers
- Market challenges
PART 12: Market trends
- Technological advancement of turbochargers
- Increased adoption of two-stage turbocharging
- Increased adoption of electric turbochargers
- Rising development of electric vehicle market
PART 13: Vendor landscape
- Competitive scenario
- Market share analysis
- Other prominent vendors
PART 14: Key vendor analysis
- Honeywell International
- BorgWarner
- IHI
- Mitsubishi Heavy Industries
- Cummins
PART 15: Appendix