World Automotive Turbochargers Market to Reach US$2.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Automotive Turbochargers market. Tempered by the economic recession, world automotive turbochargers market is expected to inch upto US$2.9 billion by 2015. Although the clamor over lowering automobile emissions and stepping-up fuel economy offers a straightforward business case for automotive turbochargers, the perceived opportunity is currently dampened by the rundown economic condition. In the post recession period, however, tightening of fuel efficiency and emissions related regulations, and norms in developed countries, greater preference for light-duty turbochargers, and increased vehicle demand in Asian markets are all expected to drive growth.

Automotive Turbochargers: A Global Strategic Business Report

As the automotive industry continues to be overturned by issues pertaining to energy conservation, efficiency and emissions, vehicle powertrain and internal combustion engine technologies are expected to evolve in sync with environmental requirements. Hybridization/electrification, engine downsizing, and turbocharging are technologies expected to hit the spotlight in the upcoming years. Turbocharging, as a technology, especially holds attractive potential, given its ability to meet strict fuel-efficiency standards, and emissions regulations. The current recession has, however, temporarily muted the influence of these growth-inducing factors. Automotive industry, which suffered the worst in the current economic recession, has taken its toll on the auto components market including automotive turbochargers. Global trade in motor vehicle parts, components and accessories took a hit, with decline in new vehicle purchases sending ripples across the entire automotive value chain including the components and parts market.

Developed markets witnessed erosion in sales, while developing markets witnessed erosions in sales growth. This is primarily because while the developed markets bore the brunt of the recession recording steep declines in passenger car sales, the developing markets fared relatively better registering just temporary loss in growth momentum. Passenger car sales, in developed countries like the United States bore the brunt of the gloomy economic climate. Lesser availability of credit, rising levels of unemployment, reduction in disposable incomes and household wealth, and falling consumer confidence have all resulted in postponement of both new and replacement/upgradation purchases. However, the encouraging signs of demand recovery shown by developing markets in Asia, led by China, is expected to help put growth for automotive turbochargers back on track. Sales gains in passenger cars segment posted by China, the world's largest auto market, are helping raise global sales forecasts in the post recession period.

As stated by the new market research report, future growth for automotive turbochargers will be largely driven by recovery in demand for light-duty turbochargers, clampdown on vehicular emissions, incremental improvements in the turbocharging technology, growing consumer preference for smaller cars with more power, unrelenting engineering focus on boosting fuel efficiency without sacrificing engine performance and growing popularity of popularity of direct injected petrol- and diesel-powered cars.

Growth in the developed markets has traditionally been driven by greater penetration of direct injected petrol- and diesel-powered cars and a move toward engine downsizing to improve fuel consumption and lower CO2 emissions. Asia-Pacific holds out a promising potential for turbocharger manufacturers, with a well-sustained diesel penetration of over 10%. China continues to be one of the fastest growing automobile markets in this region. Increased vehicle demand in Asian markets such as India, China and South Korea makes the region the fastest growing market with unit sales increasing at a compounded annual rate of more than 13%, over the analysis period.

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.

The research report titled “Automotive Turbochargers: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, product profile, mergers, acquisitions, profiles of major players and other strategic industry activities. Market estimates and projections are presented in 000 units and in US$ million for major geographic markets such as US, Canada, Japan, France, Germany, Italy, UK, Spain, Russia, Asia-Pacific, Latin America and Rest of World.

For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media