Rise in Demand for Light Weight Vehicles Anticipated to Drive Global Automotive Turbo Charger Market over the Forecast Period: Ken Research

Automotive turbocharger is a turbine-driven induction device, which amplifies the efficiency and output of internal combustion engines. It relies on volume and velocity of exhaust gases to spool the turbine wheel, which is connected to the compressor wheel via a common shaft. It is used to direct more fuel into the combustion chamber in case the vehicle’s atmospheric pressure fails to preserve with the desired output.

The key advantages are less moving parts, small & lighter than a mechanical blower, increases thermal efficiency and no drive required from the engine.

According to the study, “Global Automotive Turbo Charger Market Size study, by Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck and Bus) by Fuel Type (Diesel and Gasoline) by Technology (VGT/VNT Turbocharger, Wastegate Turbocharger and Electric Turbocharger) by Material (Cast Iron, Aluminum and Others) by Hybrid & Plug-in Hybrid Vehicle (Hybrid & Plug-in Hybrid Vehicle) by Application (Agricultural Tractor, Construction Equipment, and Locomotive) and by Vehicle Type (Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle) and Regional Forecasts 2018-2025” the key companies operating in the global automotive turbocharger market is Mitsubishi Heavy Industries Inc., IHI Corp., Honeywell, Bosch Mahle, Continental AG, Delphi Technologies, Borgwarner, Tel, Eaton, ABB, Cummins, Rotomaster International, Turbo International, Kompressorenbau Bannewitz GmbH, Precision Turbo & Engine Inc., Weifang Fuyuan Turbocharger Co., Ltd., Turbonetics Inc., Hunan Tyen Machinery Co., Ltd., Turbo Dynamics Ltd., Ningbo Motor Industrial Co., Ltd., Cimos, Calsonic Kansei.

Based on vehicle type, the automotive turbocharger market is segmented into Light Commercial Vehicle (LCV), passenger car, truck, and bus. Based on the fuel type, the market is segmented into gasoline and diesel. Based on technology, the market is segmented into Variable Geometry Turbocharger (VGT)/Variable Nozzle Turbocharger (VNT), electric turbocharger, waste-gate turbocharger, double axle turbocharger, free-floating turbocharger and twin turbocharger (two-stage series turbocharger, two-stage parallel turbocharger and a twin-scroll turbocharger. Based on operation, the market is segmented into e-turbocharger and conventional turbocharger. Based on material, the market is segmented into aluminum, cast iron, and other materials. Based on components, the market is segmented into compressor, turbine, and housing. Based on vehicle type, the market is segmented into the Heavy Commercial Vehicle (HCV), sedan, hatchback, off-road vehicle, utility vehicle, and Light Commercial Vehicle (LCV). In addition, based on application, the market is segmented into construction equipment, agriculture tractor, and locomotive.

The automotive turbocharger market is driven by a rise in demand for passenger car gasoline engines, followed by the growth of commercial vehicles and stringent government regulation regarding carbon emission. However, a decrease in vehicle production and higher maintenance cost and more cooling oil requirements may impact the market. Moreover, growth in the production of electric turbochargers is a key opportunity for the market.

Based on geography, the Asian-Pacific region holds the major share in the automotive turbocharger market owing to the rise in usage of passenger cars, growth in the development of gasoline turbocharged engines, increase in turbocharger installation rates in new vehicles, and stringent fuel economy & emission standards in the region. The North-American and European regions are predicted to witness a higher growth rate due to the rise in demand for lightweight vehicles and an increase in stringency in the emission rules over the forecast period. In upcoming years, it is expected that the future of the market will be bright as a result of growth in improvement in engine performance & fuel efficiency during the forecast period. It is estimated that the market will be reached at US $31.5 billion by 2025.

To Know More, Click On The Link Below:-

Global Automotive Turbo Charger Market Analysis

Related Reports:-

World Automotive Turbochargers Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)

Global Automotive Gasoline Engine Turbocharger Market Status and Future Forecast 2015-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

scroll to top