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Turbocharger Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

  • ID: 5021577
  • Report
  • March 2020
  • Region: Global
  • 113 pages
  • IndustryARC
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Turbocharger Market Overview:

According to the World Economic Forum, globally, there will be an increase of twice the number of cars on road by 2040 which will equal two million figures. This data shows the inflating demand for cars in the global scenario, which will significantly increase the need for new sustainable vehicular devices such as turbochargers. Earlier these highly efficient turbochargers were used in motorsport vehicles manufacturing, however, it has gradually paved its way into the production of the commercial vehicle. With associated features such as high-charged internal combustion (IC) engines and economical yet cleaner outputs, turbochargers have gained a prominent place in the modern automotive sector. The global turbocharger market leveraged a revenue income of $16 billion in the year 2020. Racing cars incorporated with high-performing turbochargers generate greater horsepower without increasing the overall weight of the vehicle and boosts the gas mileage which is why these devices have been installed in popular motor racing vehicles such as Audi R10 TDI, Cadillac ATS-V.R, and others. Additionally, the marine and aircraft manufacturing industries also contribute considerably to the global economic output of the turbochargers market. Significantly, the turbochargers market is estimated to leverage huge ROI in the forecasted years at 5% CAGR.

Europe is eyeing on clean energy transition and endorses the application of sustainable industrial machinery to reduce the growing environmental concerns. A major contributor to the global turbocharger market with a regional share of 41.2% as of 2020, Europe is also a leading supporter of the green car technologies with several key automobiles manufacturers set up in this region which includes Audi, Mercedes-Benz, Ferrari, and others.

Globally, the automotive sector is projected to induce huge demand for the turbocharger, which is anticipated to witness a CAGR of 5.3% during the forecast period of 2020-2025. This hike in demand will continue to grow considerably with respect to the huge investment in green car machinery, inclination towards economical automobile engines, and large preference for greater torque.

Turbocharger Market Growth Drivers:

  • Shifting consumer trend towards green vehicle will leverage huge demand for the turbocharged engines in the global market which also creates scope for newer innovations. Owing to this the global turbocharger market will experience an upsurge in the overall demand-supply chain thereby boosting the market growth.
  • Increasing demand for hybrid, variable geometry, and twin turbochargers and colossal investment by the automotive sector to incorporate fuel-efficient, low noise, and cleaner emission-quality in vehicles are analyzed to largely influence the turbochargers market in the future years.

Turbocharger Market Companies:

The leading market players assessed in this report includes Delphi Technologies Plc, Continental AG, Eaton Corp., ABB Ltd., Honeywell, Inc., IHI, Bosch Mahle Turbo Systems Technology, Mitsubishi, Cummins Inc, and others.

Cummins Inc. is a global leader in manufacturing several engines and power generation and other machinery to several industrial sectors have recently delivered complimentary offerings in the global turbochargers market. Some of its latest innovations include the introduction of energy-efficient commercial wastegated turbochargers and Holset Fixed Geometry turbocharger with cleaner air emission features. They have also developed a lead-free corrosion inhibitor system for application in turbochargers along with the evaluation of Selective Laser Melting technology (SLM) for improving turbocharger efficiency. These major advancements will generate huge demand for the turbochargers market and eventually increase the overall revenue generation.

Turbocharger Market Trends and Innovations:

New Turbo Engines Launch By Key Companies:

With advancement driving the global market, automotive companies are introducing new innovative products to lure more customer demand, also complying with ecological sustainability through less fuel exhausting and highly efficient turbo engines. Audi is all set to launch a new turbo engine for the DTM racing cars series 2020. This highly-efficient racing engine will offer more than 610 horsepower which will work smoothly and can run on alternative e-fuels maintaining sustainability. Furthermore, BMW has introduced its revolutionary turbo 4-cylinder engine which is claimed to consume extensively low fuel with even lesser emissions.

Turbocharger Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Turbocharger market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Turbocharger in the Turbocharger market and their specific applications in different areas.

Turbocharger Market: Industry Coverage:

The global turbocharger market is basically segmented into fuel type, technology, end-user, industry vertical, and application type. On the basis of fuel type bifurcation includes diesel and gasoline. Technology categorization includes twin-turbo technology, wastegate technology, and variable geometry technology. By end-user, the turbocharger market can be divided into OEM and aftermarket. Based on industry vertical, the classification includes aerospace defense, automotive, marine, agriculture construction, and others. Sub segments under application type include light commercial vehicles, heavy commercial vehicles, ship aircraft, heavy-duty vehicles, and locomotive.

The Turbocharger market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:   

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia
Note: Product cover images may vary from those shown
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1. Turbocharger Market - Overview
1.1 Definitions and Scope

2. Turbocharger Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography

3. Turbocharger Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis

4. Turbocharger Market Forces
4.1 Drivers
4.2 Constraints
4.3 Challenges
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes

5. Turbocharger Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Product life cycle
5.4 Suppliers and distributors Market Share

6. Turbocharger Market - By Fuel Type (Market Size -$Million / $Billion)
6.1 Diesel
6.2 Gasoline

7. Turbocharger Market By Technology (Market Size -$Million / $Billion)
7.1 Twin-Turbo Technology
7.2 Wastegate Technology
7.3 Variable Geometry Technology

8. Turbocharger Market By End- User (Market Size -$Million / $Billion)
8.1 Oem
8.2 Aftermarket

9. Turbocharger Market By Industry Vertical (Market Size -$Million / $Billion)
9.1 Aerospace Defense
9.2 Automotive
9.3 Marine
9.4 Agriculture Construction

10. Turbocharger - By Application Type (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Light Commercial Vehicle
10.3.2 Heavy Commercial Vehicle
10.3.3 Ship Aircraft
10.3.4 Heavy Duty Vehicle
10.3.5 Locomotive

11. Turbocharger- By Geography (Market Size -$Million / $Billion)
11.1 Turbocharger Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Turbocharger- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Turbocharger- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Turbocharger - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Turbocharger - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa

12. Turbocharger Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships

13. Turbocharger Market Company Analysis
13.1 Market Share, Company Revenue, Products, M&A, Developments
13.2 Borgwarner Inc
13.3 Bosch Mahle Turbo System Gmbh Co. Kg
13.4 Continental Ag
13.5 Cummins Inc
13.6 Eaton Corporation
13.7 Honeywell International Inc
13.8 Ihi Corporation
13.9 Mitsubishi Heavy Industry Ltd
13.10 Precision Turbo Engine
13.11 Rotomaster International

13.13 Company 13 & More

14. Turbocharger Market - Appendix
14.1 Abbreviations
14.2 Sources

15. Turbocharger Market - Methodology
15.1 Research Methodology
15.1.1 Company Expert Interviews
15.1.2 Industry Databases
15.1.3 Associations
15.1.4 Company News
15.1.5 Company Annual Reports
15.1.6 Application Trends
15.1.7 New Products and Product database
15.1.8 Company Transcripts
15.1.9 R&D Trends
15.1.10 Key Opinion Leaders Interviews
15.1.11 Supply and Demand Trends
Note: Product cover images may vary from those shown
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