Global automotive turbocharger market is expected to grow at a CAGR of around 10% from 2018 to 2026 and reach the market value of more than $25 billion by 2026. Automotive turbocharger is a forced initiation system that makes use of energy of fatigue gases from the engines via a turbine. This facilitate in the stimulation of a volume of air into combustion chamber. The engine power output can be improved by increasing the volume of inlet fuel air combination, which could be simply accomplished with the utilization of turbochargers. It uses the energy of exhaust gases from the engine in order to condense the inlet air and supply it into the engine to create a improved proportion of air and fuel. Turbochargers are viewed as the most vital car extras in the present time not exclusively to boost however to increase the productivity of the motors regarding output and power. The global Automotive Turbocharger market is anticipated to grow at substantial CAGR above 10% throughout the forecast period. Furthermore, Market players are primarily focusing on developing new innovative technologies that will supplement growth of the Automotive Turbocharger market.
Growing engine downsizing requirements, rising penetration of electric vehicles, escalating usage of zero emission vehicles and favourable government regulations are some of the fundamental factors that are driving the automotive turbocharger market growth globally. In order to increase productivity and efficiency of an engine the implementation of automotive emission regulations is increasing rapidly, thereby boosting the growth of the global automotive turbocharger market. Automotive emission regulation is the fundamental factor that is fuelling the introduction of low-emission and cleaner vehicles amongst automakers. Rising deployment of electronic systems and ECUs in automobiles is boosting the growth of automotive turbocharger market globally. The escalating electric vehicle industry is the major factor that is responsible for the growth of the global market. Turbocharger is the part that is utilized by the auto industry to make motors consistent with the stringent emission guidelines. Growth in the commercial vehicles and increased adoption of technologically advanced products in automotive industry are some of the fundamental factors responsible for the growth of the market. Furthermore, electric vehicles are considered as impractical alternative to the fossil fuel engines and the demand for electric vehicles is increasing rapidly. Market players are primarily focusing on developing new innovative technologies that will supplement growth of the automotive turbocharger market. However, limitations associated with the existing turbocharger systems such as limited boost threshold, turbo lag and less traction may restrict the growth of the global automotive turbocharger market.
Global Automotive Turbocharger Market, By Vehicle
Global Automotive Turbocharger Market, By Technology
Global Automotive Turbocharger Market, By Fuel
Global Automotive Turbocharger Market, By Distribution Channel
Global Automotive Turbocharger Market, by Geography
The market research study on “Automotive Turbocharger Market (By Vehicle: PCV, LCV, HCV; By Technology: VGT/VNT, Wastegate, Twin turbo; By Fuel: Gasoline, Diesel; By Distribution Channel: OEM, Aftermarket) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insights on global Automotive Turbocharger market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive turbocharger market by vehicle, technology, fuel, distribution channel and major geographic regions. The report also covers basic technology development policies.
The global automotive turbocharger market is characterized by the presence of experienced and established players. Some of the key players include BorgWarner, Honeywell International Inc., BMTS Technology, Banks Power, Mitsubishi Heavy Industries, Linamar Corporation, Rotomaste and IHI Corporation. Market players are focusing on strategic acquisitions in order to expand their industry presence.
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