The global automotive turbocharger market size in terms of value is projected to grow at a CAGR of 10.12% from 2014 to 2019.
(PRWEB) August 09, 2014
The global automotive turbocharger market report shows an overview of the technical as well as other important aspects of the turbochargers. It includes the value chain, Porter’s five forces analysis, competitive landscape, and company profiles of the major players in the market for turbochargers.
The biggest challenge faced by the global automotive industry is meeting the regulations and standards set regarding the emissions of exhaust gases such as Carbon Dioxide (CO2), Nitrous Oxide (NOx) and Particulate Material (PM) from automobiles. Another challenge is increasing demand for fuel-efficient vehicles from consumers as well as governments. These challenges have led to the OEMs and component manufacturers to invest their resources in developing technologies which can help the automobiles to comply with the various government regulations set in different regions. Complete report is available at http://www.reportsnreports.com/reports/218816-turbocharger-market-by-vehicle-types-passenger-commercial-fuel-types-diesel-gasoline-geography-global-trends-forecasts-to-2017.html .
As compared to Europe and Asia-Oceania, the penetration of turbochargers in North America is low. However, regulations such as Corporate Average Fuel Economy (CAFE) standards which specify fuel economy norms and Environment Protection Agency (EPA) standards which specify the permissible limits of emission of gases such as CO and NOxare being implemented. This has resulted in automobile manufacturers in the region in adopting fuel efficient technologies to comply with the norms. Major OEMs such as GM and Ford have developed downsized engines with the use of turbochargers. With the automobile production estimated to grow, the demand for turbocharger for diesel as well as gasoline applications is also projected to grow in the next five years.
The global automotive turbocharger market size in terms of value is projected to grow at a CAGR of 10.12% from 2014 to 2019. In 2014, the turbocharger market is estimated to be dominated by Europe with a value share of 44.3% followed by Asia-Oceania with 35.8%. The North American market is estimated to have a market share (value) of 15.8% in 2014
Major turbocharger manufacturers are Borgwarner Inc, Bosch Mahle Turbo Systems Gmbh & Co, Continental Ag, Cummins Inc, Honeywell International Inc, IHI Corporation, Mitsubishi Heavy Industries Ltd, Rotomaster International, Turbo Energy Ltd and Turbonetics Inc. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=218816 .
Turbocharger offers the benefits of both, improved fuel economy and reduction in emissions. The scenario which is prevailing in the global automotive industry has fueled the adoption of turbochargers across all the vehicle segments. Turbochargers utilize the exhaust gases from the engine to compress the air and feed it back to the engine to create a better air to fuel ratio. This generates a better combustion and provides a boost for the vehicle. This has enabled the OEMs to downsize their engines without sacrificing the performance and fuel efficiency of the vehicle. Adoption of diesel turbocharger is comparatively higher than gasoline turbocharger. However, the penetration of gasoline turbocharger is estimated to increase at a promising rate in the near future.
This report classifies the turbocharger market based on region (Asia-Oceania, Europe, North America and Rest of the World (RoW)), fuel type (Gasoline and Diesel), vehicle type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle) and technology (VNT/VGT, Wastegate and Twin-turbo). Major countries with the market size in terms of volume (‘000 units) and value ($Million) are covered for each of the region. The top players of the industry are profiled in detail with their recent developments and their strategic industry activities.It also provides an overview about the turbocharger technologies, engine downsizing trend, and emissions and fuel economy norms in key countries of each region. The report also provides the qualitative aspects of the turbocharger market such as drivers, restraints, opportunities and the key issues which are affecting the manufacturers and the market for turbochargers. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=218816 .
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