Global Automotive Turbocharger Market : Detailed Analysis Report 2018-2025
Bharat Book Bureau Provides the Trending Market Research Report on “Global Automotive Turbocharger Market, Forecast to 2025” under Heavy Industry category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Stringent emission regulations and increasing gasoline turbocharger penetration will drive the automotive turbocharger market globally
The automotive turbocharger market is expected to grow at a CAGR of 9.39% during the forecast period, in terms of value. The market in 2018 is estimated to be USD 16.87 billion and is projected to reach USD 31.61 billion by 2025. The growth of the automotive turbocharger market is influenced by factors such as changing consumer preferences for greater power generating vehicles, stringent emission regulations in regions such as Europe and North America, and the upcoming regulation in Asian countries such as China and India. Some of the market restraining factors are the declining share of diesel vehicle and the increasing demand for battery electric vehicle.
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Passenger car is estimated to have the fastest growing market for automotive turbocharger market, by vehicle type
The Passenger Car segment is expected to be the fastest growing market. As per International Organization of Motor Vehicle Manufacturers (OICA) the global production of passenger cars increased 20% from 2011 to 2016 from 59.9 million units to 73.4 million units. The installation of turbocharger in diesel cars is very high, whereas the installation of gasoline turbochargers is growing at a significant rate. Considering the increasing vehicle production and the increasing installation of turbochargers, passenger cars will have the fastest growth rate in the turbochargers market.
Asia Oceania to dominate the automotive turbocharger market
Asia Oceania is estimated to be the largest market for automotive turbochargers. The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. As a result, in the recent years, Asia Oceania has emerged as a hub for automobile production. With the increasing vehicle production and increasing demand for greater power generating vehicles, the demand for turbocharger will also increase in the Asia Oceania turbocharger market. These factors combined, Asia Oceania is projected to be the largest automotive turbocharger market over the forecast period.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
- By Company Type: Tier-1 - 55%, Tier-2 - 15%, and OEMs - 30%
- By Designation: D level – 45%, C level - 34 % Others- 21%
- By Region: Asia Oceania – 35%, North America - 25%, Europe – 25%, and RoW – 15%
Note: “Others” includes sales, marketing, and product managers.
Company tiers are based on the value chain; revenue of the company is not considered.
Tier I are Turbocharger manufacturers, while Tier II are suppliers of turbocharger and its components.
Automotive turbocharger market consists of manufacturers such as Honeywell (US), BorgWarner (US), MHI (Japan), IHI (Japan), & Continental (Germany).
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