Industrial Turbocharger Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,UK,Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 179 SKU: IRTNTR44855

Industrial Turbocharger Market Forecast 2023-2027

The industrial turbocharger market size is estimated to grow by USD 1.08 billion at a CAGR of 4.66% between 2022 and 2027. Stringent emission regulations are pushing industries towards more efficient and cleaner technologies, leading to an increased demand for industrial turbochargers that can improve engine performance while reducing emissions. The mechanization of agriculture, coupled with the growth in the agriculture machinery market, is driving the adoption of turbochargers in agricultural equipment to enhance productivity and efficiency. Additionally, the benefits of industrial turbochargers over aspirated engines, such as higher power output and improved fuel efficiency, are contributing to their increasing adoption in various industries.

What will be the size of the Industrial Turbocharger Market During the Forecast Period?

Market Forecast 2023-2027

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Market Segmentation

This report extensively covers market segmentation by end-user (mining and construction equipment, agriculture equipment, oil and gas industry, power industry, and marine industry), distribution channel (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

By End-user 

The mining and construction equipment segment will account for a major share of the market's growth during the forecast period.?It includes heavy-duty and powerful machines and equipment like excavators and cranes, backhoes, and heavy-duty demolition grapples that depend on industrial turbochargers to enhance engine power output ratio. This segment in the market is predicted to witness a positive year-over-year growth rate during the forecast period. Moreover, rising investments in the construction industry, increasing industrialization, and urbanization rates will also propel the demand for industrial turbochargers. 

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The mining and construction equipment segment was valued at USD 1.41 billion in 2017.? Increasing energy security concerns will result in rising demand for coal as a fuel for power generation, and hence the demand from the coal mining industry will increase demand for industrial turbochargers. Moreover, the rising demand for metals and minerals from developing economies in Central and South America, Southeast Asia, and Africa, and increased mining activities for precious metals, such as gold, silver, and platinum will fuel market growth during the forecast period. 

By Distribution Channel 

Based on the distribution channel, the market has been segmented into OEM and aftermarket. The OEM?segment will account for the largest share of this segment.? Original equipment manufacturers (OEM) are an essential part of modern industrial production as they offer numerous industrial equipment such as cranes, loaders, hydraulic presses, drills, etc. OEMs manufacture parts and components so as to align with industry requests and are customized for specific machinery. This ensures the performance and quality of the machinery, which makes end-users prefer them for supplying agricultural equipment, mining equipment, etc. Hence such factors will contribute to the growth of this segment during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 52% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  In the APAC region, China and India are the largest turbocharger markets with Japan, Vietnam, and South Korea also being countries with immense growth potential due to the rapidly growing industrial sector in these countries. Industrial turbochargers are widely used in the mining and construction industry, agricultural equipment, and other end-users. Also, within the oil and gas industry, various ongoing offshore and onshore oil and gas activities will boost the regional market.

Moreover, because of the growth potential in various countries due to increasing industrialization and rising population, several industrial turbocharger manufacturers from the US and Europe are shifting their production facilities to APAC. India and Indonesia, for example, are greatly preferred due to the availability of cheap labor and the ability to expand into newer markets. The growing middle-class population with rising income levels is also expected to increase demand for affordable housing, which will also boost market growth during the forecast period. 

Market Dynamics and Customer Landscape

The market is witnessing significant growth, driven by the need for enhanced engine performance and fuel efficiency. Engine downsizing, coupled with efforts to reduce vehicle weight, is pushing vehicle manufacturers to adopt turbochargers in both diesel and petrol engines. Variants like VGT/VNT and wastegate turbos are common and available as OEM or aftermarket-only products. Technologies like the Dorman OE FIX offer repair alternatives, while components like turbo air intercoolers and boost pressure relief valves enhance performance. This market extends beyond automotive, catering to the aerospace & defense, marine, and agriculture & construction industries, aligning with environmental emission regulations for fuel-efficient vehicles. Materials like cast iron and aluminum are used in turbocharger construction to meet industry demands. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Market Driver - Stringent emission regulations

Many cities worldwide are adhering to strict emissions regulations set by regulatory bodies to protect the environment and human health, and conserve resources. These regulations have implications for the automotive industry, leading to the development of fuel-efficient vehicles and the adoption of technologies to reduce emissions. Additionally, aftermarket players play a role in providing solutions to meet these regulations, such as retrofitting vehicles with emission control systems. These developments have positive implications for the market. Various emission acts, such as the European Union Regulation Number 443/2009, the China State Environmental Protection Administration, and the Japanese Air Pollution Control Act, highlight the importance of transitioning to energy-efficient technologies like industrial turbochargers to reduce emissions.

Additionally, industrial turbochargers help reduce emissions by redirecting toxic gases like sulfur dioxide, nitric oxide, and greenhouse gases such as carbon dioxide and carbon monoxide via exhaust gas for further combustion. This technology is used across various industries, including the aerospace & defense industry, marine industry, and agriculture & construction industry. Turbochargers come in different types, and they often incorporate features like boost pressure relief valves to optimize performance and emissions reduction. This improves energy efficiency and aids in emission reduction, helping end-users comply with stringent regulations and increasing the adoption of industrial turbochargers. These factors are expected to contribute to the market's growth during the forecast period.

Significant Market Trends - Increase in adoption of additive manufacturing

Conventional manufacturing techniques, such as casting, are increasingly being replaced by additive manufacturing (AM) which can be used to create a 3D object from a digital file. The term additive indicates that the process involves the building up of thin layers of material, one by one. Moreover, this can be used to generate complex shapes, which conventional techniques like traditional casting and machining methods or subtractive techniques might not have been able to produce. 

Moreover, a new technique called selective laser melting (SLM) is gaining momentum in the manufacturing of industrial turbochargers. It involves a powder bed AM technique that is used for the fabrication of net-shape or near-net-shape components. It eliminates the requirement for large inventory by offering production on demand, helping to reduce inventory management and other associated. Additionally, this technique enhances design freedom, flexible processing, and on-site manufacturing. Hence such factors will contribute to market growth during the forecast period. 

Major Market Challenge - Easy availability of counterfeit industrial turbochargers

Increasing demand for industrial turbochargers has resulted in the emergence of counterfeit industrial turbochargers, especially in developing and under-developed countries. Moreover, increased smartphone penetration and ease of access to the Internet are improving access to counterfeit products. They harm prominent vendors by loss of sales, damage to brand and reputation, diluting their trademark, and also forcing them to incur IP protection and enforcement rights.

Moreover, counterfeit industrial turbochargers are deliberately labeled and marketed under the names of established brands and sold at discounted prices. They can even result in the breakdown of machinery during industrial reports and can even lead to human casualties causing harm to both end users as well as vendors. Hence such factors will hinder market growth during the forecast period. 

Who are the Major Industrial Turbocharger Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers industrial turbochargers such as ABB Power2 800 M second generation two-stage turbocharging system.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

BMTS Technology GmbH and Co. KG, BorgWarner Inc., Cardone Industries Inc., Caterpillar Inc., Comp Turbo Technology Inc., Continental AG, Cummins Inc., Eaton Corp. Plc, Hitachi Ltd., Honeywell International Inc., Keyyang Precision Co. LTD., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, MAHLE GmbH, Mitsubishi Heavy Industries Ltd., Niitsu Turbo Industries M Sdn. Bhd., Wabtec Corp., IHI Corp., and Toyota Industries Corp. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook 
    • Mining and construction equipment
    • Agriculture equipment
    • Oil and Gas Industry
    • Power Industry
    • Marine Industry
  • Distribution Channel Outlook 
    • OEM
    • Aftermarket
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Market Analyst Overview

The market is driven by the need for engine efficiency and compliance with stringent automotive emission norms. Original Equipment Manufacturers (OEMs) are increasingly incorporating turbocharger technology in their product lines, especially for light commercial vehicles and heavy commercial vehicles. Turbochargers, including twin-turbo technology and variable geometry technology (VGT), enhance engine performance and fuel economy. As the market evolves, electric turbochargers are emerging as a viable option for electric vehicles, reducing turbo lags and improving power and torque. Overall, the industry is moving towards sustainable energy solutions, with a focus on zero-emission vehicles and environmentally friendly technologies.

The market is pivotal in sectors like the automotive and aerospace industries, where engine performance and fuel efficiency are paramount. With increasing emphasis on carbon footprint reduction and compliance with government regulations, turbochargers play a crucial role in enhancing fuel economy and reducing emissions. Advanced technologies such as variable geometry turbochargers and wastegate turbochargers are key features in modern engines, ensuring optimal performance and lower emissions. As consumer demand shifts towards environmentally friendly and economical vehicles, the industrial turbocharger market continues to innovate, driving sustainable solutions for the future.

Industrial Turbocharger Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.66%

Market growth 2023-2027

USD 1.08 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.11

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., BMTS Technology GmbH and Co. KG, BorgWarner Inc., Cardone Industries Inc., Caterpillar Inc., Comp Turbo Technology Inc., Continental AG, Cummins Inc., Eaton Corp. Plc, Hitachi Ltd., Honeywell International Inc., Keyyang Precision Co. LTD., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, MAHLE GmbH, Mitsubishi Heavy Industries Ltd., Niitsu Turbo Industries M Sdn. Bhd., Wabtec Corp., IHI Corp., and Toyota Industries Corp.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial turbocharger market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global industrial turbocharger market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Mining and construction equipment - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Mining and construction equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Mining and construction equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Mining and construction equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Mining and construction equipment - Year-over-year growth 2022-2027 (%)
    • 6.4 Agriculture equipment - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Agriculture equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Agriculture equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Agriculture equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Agriculture equipment - Year-over-year growth 2022-2027 (%)
    • 6.5 Oil and Gas Industry - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Oil and Gas Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Oil and Gas Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Oil and Gas Industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Oil and Gas Industry - Year-over-year growth 2022-2027 (%)
    • 6.6 Power Industry - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Power Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Power Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Power Industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Power Industry - Year-over-year growth 2022-2027 (%)
    • 6.7 Marine Industry - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Marine Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Marine Industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Marine Industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Marine Industry - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 56: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 58: Chart on Comparison by Distribution Channel
      • Exhibit 59: Data Table on Comparison by Distribution Channel
    • 7.3 OEM - Market size and forecast 2022-2027
      • Exhibit 60: Chart on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • 7.4 Aftermarket - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 68: Market opportunity by Distribution Channel ($ million)
      • Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 BMTS Technology GmbH and Co. KG
              • Exhibit 127: BMTS Technology GmbH and Co. KG - Overview
              • Exhibit 128: BMTS Technology GmbH and Co. KG - Product / Service
              • Exhibit 129: BMTS Technology GmbH and Co. KG - Key offerings
            • 12.5 BorgWarner Inc.
              • Exhibit 130: BorgWarner Inc. - Overview
              • Exhibit 131: BorgWarner Inc. - Business segments
              • Exhibit 132: BorgWarner Inc. - Key news
              • Exhibit 133: BorgWarner Inc. - Key offerings
              • Exhibit 134: BorgWarner Inc. - Segment focus
            • 12.6 Caterpillar Inc.
              • Exhibit 135: Caterpillar Inc. - Overview
              • Exhibit 136: Caterpillar Inc. - Business segments
              • Exhibit 137: Caterpillar Inc. - Key offerings
              • Exhibit 138: Caterpillar Inc. - Segment focus
            • 12.7 Comp Turbo Technology Inc.
              • Exhibit 139: Comp Turbo Technology Inc. - Overview
              • Exhibit 140: Comp Turbo Technology Inc. - Product / Service
              • Exhibit 141: Comp Turbo Technology Inc. - Key offerings
            • 12.8 Continental AG
              • Exhibit 142: Continental AG - Overview
              • Exhibit 143: Continental AG - Business segments
              • Exhibit 144: Continental AG - Key offerings
              • Exhibit 145: Continental AG - Segment focus
            • 12.9 Cummins Inc.
              • Exhibit 146: Cummins Inc. - Overview
              • Exhibit 147: Cummins Inc. - Business segments
              • Exhibit 148: Cummins Inc. - Key offerings
              • Exhibit 149: Cummins Inc. - Segment focus
            • 12.10 Eaton Corp. Plc
              • Exhibit 150: Eaton Corp. Plc - Overview
              • Exhibit 151: Eaton Corp. Plc - Business segments
              • Exhibit 152: Eaton Corp. Plc - Key news
              • Exhibit 153: Eaton Corp. Plc - Key offerings
              • Exhibit 154: Eaton Corp. Plc - Segment focus
            • 12.11 Hitachi Ltd.
              • Exhibit 155: Hitachi Ltd. - Overview
              • Exhibit 156: Hitachi Ltd. - Business segments
              • Exhibit 157: Hitachi Ltd. - Key news
              • Exhibit 158: Hitachi Ltd. - Key offerings
              • Exhibit 159: Hitachi Ltd. - Segment focus
            • 12.12 Honeywell International Inc.
              • Exhibit 160: Honeywell International Inc. - Overview
              • Exhibit 161: Honeywell International Inc. - Business segments
              • Exhibit 162: Honeywell International Inc. - Key news
              • Exhibit 163: Honeywell International Inc. - Key offerings
              • Exhibit 164: Honeywell International Inc. - Segment focus
            • 12.13 Komatsu Ltd.
              • Exhibit 165: Komatsu Ltd. - Overview
              • Exhibit 166: Komatsu Ltd. - Business segments
              • Exhibit 167: Komatsu Ltd. - Key news
              • Exhibit 168: Komatsu Ltd. - Key offerings
              • Exhibit 169: Komatsu Ltd. - Segment focus
            • 12.14 Kompressorenbau Bannewitz GmbH
              • Exhibit 170: Kompressorenbau Bannewitz GmbH - Overview
              • Exhibit 171: Kompressorenbau Bannewitz GmbH - Product / Service
              • Exhibit 172: Kompressorenbau Bannewitz GmbH - Key offerings
            • 12.15 Mitsubishi Heavy Industries Ltd.
              • Exhibit 173: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 174: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 175: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 176: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 177: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.16 Toyota Industries Corp.
              • Exhibit 178: Toyota Industries Corp. - Overview
              • Exhibit 179: Toyota Industries Corp. - Key news
              • Exhibit 180: Toyota Industries Corp. - Key offerings
            • 12.17 Wabtec Corp.
              • Exhibit 181: Wabtec Corp. - Overview
              • Exhibit 182: Wabtec Corp. - Business segments
              • Exhibit 183: Wabtec Corp. - Key news
              • Exhibit 184: Wabtec Corp. - Key offerings
              • Exhibit 185: Wabtec Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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