HTF recognizes the following companies as the key players in the global automotive turbocharger market: Honeywell International, BorgWarner, IHI, Cummins, and Mitsubishi Heavy
Other Prominent Vendors in the market are: Banks Power, Magnum Performance Turbos, Precision Turbo and Engine, TEL, Turbo Engineering, and Turbonetics.
Commenting on the report, an analyst from HTF’s team said: “The latest trend gaining momentum in the market is Technological advancement of turbochargers. It is a known fact that conventional turbochargers that run with the help of exhaust gases cause turbo lag, which negatively affects engines’ performance. Modern turbochargers use ultra-high-speed turbines and electric compressors, which make them highly responsive even at low speed, virtually eliminating turbo lag. In addition, the demand for fine-tuning turbocharger would help to drive the demand in the global market. Motorsports are becoming a high-visibility platform for automobile and turbocharger manufacturers to test and showcase technologies, which they want to include in passenger cars or for any high-performance vehicle.”
The analysts forecast the global automotive turbocharger market to grow at a CAGR of 6.43% during the period 2017-2021 .
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According to the report, one of the major drivers for this market is Increased global automotive sales. Due to significant economic growth and increasing purchasing power of consumers in emerging economies like China, Brazil, and India, there is an increase in demand for passenger cars in these regions. The growth of these emerging markets has been vigorous because of ongoing industrialization and global trade activities in these regions. In recent years, China has invested massively in its automobile industry, which has made it the market leader. Also, China has been maintaining its position as the world’s largest automotive market. The automotive market in India is dynamic and growing very rapidly. This is forcing the automotive OEMs to shift their focus to these markets to tap the huge potential.
Further, the report states that one of the major factors hindering the growth of this market is Increased cost because of design complications and use of complex high-grade materials. The complexity of the parts needed for automotive turbochargers poses a challenge for the market. As the applications of automotive turbochargers are increasing, the various parts used in them, such as turbines, vanes, sliding nozzles, impellers, compressors, and center housings are becoming increasingly complex in design. Automotive turbochargers also need additional components such as intercoolers, wastegates, and blow-off valves to make the turbocharger work efficiently. With these complications in design and use of high-grade materials, the cost of turbochargers is increasing, which in turn, increases the buying price of the vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/742117-global-automotive-turbocharger-market-6
Market challenge
• Increased cost because of design complications and use of complex high-grade materials
• For a full, detailed list, view our report
Market trend
• Technological advancement of turbochargers
• For a full, detailed list, view our report
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
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 ma
….Continued
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Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
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