Automobile manufacturers from around the world are under pressure of stringent emission regulations. While these regulations may marginally differ from region to region, manufacturers are in no position to overlook them. Automotive turbochargers are devices that help automakers satisfy these emission norms before making their offerings commercial available in global automotive markets. The significance of automotive turbochargers is keeping automobile engines clean is driving their demand globally. Fact.MR’s latest report on the global automotive turbochargers market reveals that in 2017, over US$ 15 Bn worth of automotive turbochargers were sold across the globe.
Rising adoption of automotive turbochargers is also instrumented by shifting drivetrain technologies and availability of fuel alternatives. Consumers’ inclination towards alternative fuel engines is, however, expected to lower the market’s growth simply due to lack of advanced automotive turbochargers that can be compatible to all engine types. Moreover, fluctuating prices of commodities and components in the automotive world is also impacting automotive turbocharger manufacturers. The report distinctly projects a sluggish growth for the global automotive turbochargers market. Towards the end of 2022, the global automotive turbochargers market will soar at a moderate CAGR of 4.7%, bringing in revenues worth a little over US$ 19 Bn.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=16
Insights below will indicate the report’s forecast on global automotive turbochargers market during 2017-2022 period.
- The report predicts that four out of every ten automotive turbochargers manufactured are installed in diesel engines. Gasoline engines, on the other hand, are dominating the global automotive turbochargers revenues, and are anticipated to bring in more than US$ 10 Bn by the end of 2022.
- Through 2022, over half of the global automotive turbochargers market value will be attained by global sales of turbochargers in low price range.
- With close to two-third share, passenger cars will be dominating global automotive turbochargers revenues in 2017.
- The report reveals the aftermarkets will be largest sales outlets for automotive turbochargers in the world. In 2017, the global sales of automotive turbochargers through aftermarkets is anticipated to procure heavy revenues.
- In 2017, automotive turbochargers sold across the US and Canada raked revenues worth over US$ 5 Bn. It is pegged that North America will continue to be a lucrative region for growth of the automotive turbocharger market, and will reach a sizeable value by the end of 2022.
- The report predicts that Europe’s automotive turbochargers market will grow steadily, reflecting a moderate CAGR through 2022.
- In 2017 and beyond, more than 20% of global automotive turbochargers market value will attributed by the Asia-Pacific excluding Japan (APEJ) region, alone. The APEJ automotive turbochargers market will dominate the global market, primarily due to presence of automobile manufacturing hubs such as South Korea, China and India.
- According to the report, companies such as IHI Corporation, Robert Bosch Limited, Continental AG, Honeywell International Inc., BorgWarner Inc., Mitsubishi Heavy Industries Ltd., Turbo Energy Private Limited, Eaton Corporation PLC., THE TURBO ENGINEERS GmbH, Turbonetics Inc., Rotomaster International, and Precision Turbo & Engine Inc. are observed as key players in the global automotive turbochargers market.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=16
Additional Questions Answered
Apart from the general know-how regarding automotive turbochargers market, the report also delves into additional questions for readers to gain a competitive edge-
- How will the unprecedented level shift undergone by global economy influence automotive turbochargers market?
- How will the governmental initiative to offer incentives and subsidiaries for electric vehicles impact automotive turbochargers market?
- Do ongoing industrialization and global trade activities have a predominant factor spurring growth of automotive turbochargers market?
Key Segments in Automotive Turbocharger Industry Research
Automotive Turbocharger Market by Technology :
- Twin Turbo
- Variable Geometry Turbo
Automotive Turbocharger Market by Material :
- Cast Iron Automotive Turbochargers
- Aluminum Automotive Turbochargers
Automotive Turbocharger Market by Engine Type :
- Gasoline Automotive Turbochargers
- Diesel Automotive Turbochargers
- Others (Hybrid)
Automotive Turbocharger Market by Operation :
- Conventional Turbochargers
Automotive Turbocharger Market by Vehicle :
- Passenger Vehicles
- Utility Vehicles
- Light Commercial Vehicles
- Buses & Coaches
- Off-road Vehicles
- Agriculture Tractors & Equipment
- Construction & Mining Equipment
- Industrial Vehicles (Forklift, etc.)
- Passenger Vehicles
Automotive Turbocharger Market by Sales Channel :
Automotive Turbocharger Market by Region :
- North America Automotive Turbocharger Market
- Europe Automotive Turbocharger Market
- Asia Pacific Automotive Turbocharger Market
- Latin America Automotive Turbocharger Market
- Middle East & Africa Automotive Turbocharger Market
For in-depth competitive analysis, Buy Now – https://www.factmr.com/checkout/16
Reasons to choose Fact.MR:
- Exhaustive research regarding the market to offer A to Z information.
- Digital technologies to provide innovative business solutions to the clients.
- 24/7 availability of services.
- Interaction with suppliers, vendors, and service providers for precise market landscape.
- Reports tailored as per the requirements of the clients.
For More Insight- https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com