Automotive Turbochargers: A Global Strategic Business Report
San Jose, CA (PRWEB) February 28, 2008
Government regulations, coupled with a steady rise in fuel prices are forcing automobile manufacturers to focus on diesel engines in light duty trucks and passenger cars. The dynamism of turbocharger market involves active contribution of major players backed up with extensive research and innovations in the arena. In addition, the application area is experiencing a series of transition and developments, with the rapidly evolving world economies and auto industry. Enactment of relevant auto regulations may also prove to be a boon for the global turbocharger market. Turbocharger manufacturers observe a dynamic growth in demand for their products, particularly in Europe.
Over 60% of European diesel passenger cars have turbochargers. High demand for turbocharged cars is attributed to the prominence of direct injected petrol and diesel-powered cars in Europe and Japan. Improvements in diesel engine design significantly reduced exhaust emission, and enhanced vehicle performance capabilities. Additionally, rising fuel costs and a move toward engine downsizing to improve fuel consumption and lower CO2 emissions, also led to the growing use of turbocharging on petrol engines. Automakers also started developing diesel-powered passenger models in the United States. Auto giants in the US market are focused on prospective strategic developments, which are expected to drive turbochargers market in near future.
Europe represents the world's largest market while Asia-Pacific represents the fastest growing automotive turbochargers market, as stated in a recent report published by Global Industry Analysts, Inc. In volume terms, global automotive turbocharger sales are expected to be more than 18 million units in 2010. Europe and Asia-Pacific, together account for over 80% of the global automotive turbocharger market. Asia-Pacific represents the fastest growing market for automotive turbochargers, registering a CAGR of approximately 18.6%.
Major players in the marketplace include BorgWarner Turbo Systems GmbH, Cummins Turbo Technologies, Honeywell Turbo Technologies, IHI Corporation, IHI Turbo America, Mitsubishi Heavy Industries Ltd., Turbodyne Technologies, Inc., and Turbonetics Inc.
"Automotive Turbochargers: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, UK, Spain, Russia, Asia-Pacific, Latin America and rest of world, with analytics presented in units and dollars for the period 2000 through 2010 (Recent Past, Current and Future Analysis) and 2011-2015 (Long-term Projections).
For more details about this research report, please visit http://www.strategyr.com/Automotive_Turbochargers_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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