Key players in Europe Turbocharger Market include BorgWarner, Honeywell, and Continental.
(PRWEB) April 21, 2015
The Europe Turbocharger market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in Europe.
Browse through the TOC of Europe Turbocharger Market for an analysis of industry trends, segments and forecasts.
This report studies the Europe Turbocharger market for the forecast period from 2014 to 2019. The market is expected to reach $7,956.2 million by 2019, at CAGR of 10.3% from 2014 to 2019.
The Europe Turbocharger market is classified on the basis of vehicle type, fuel type, and country. The vehicle segment is further categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The fuel segment is classified into diesel and gasoline turbochargers. Countries taken into consideration include Germany, France, the U.K., Spain, Italy, and Turkey.
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In 2014, Germany held the largest share in the Europe Turbocharger market, followed by France and the U.K. According to type, diesel turbochargers accounted for the maximum share in 2014, followed by gasoline turbochargers.
Currently, Europe is the leader in turbocharger production by volume, followed by Asia-Pacific and North America.On the other hand, factors such as the high cost associated with turbochargers and the increasing trend of battery-operated vehicles are restricting the growth of this market.
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However, increasing governmental norms on pollution offer new growth opportunities to the market players of turbochargers. BorgWarner, Honeywell, and Continental are the major players in the Europe turbocharger market.
North America Turbocharger Market
The automotive turbocharger market in North America will grow at a CAGR of 11% during 2013 and 2018 generating revenue of $2.46 billion by 2018. North America accounts for nearly half of the automotive turbocharger market volume.
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