Global Automotive Turbochargers Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2016-2024

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Automotive Turbochargers Market Outlook
Global Automotive Turbochargers Market Outlook
2024 Global Opportunity Growth Analysis,
2016-2024
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Automotive Turbochargers Market Outlook
Global Automotive Turbochargers Market Share(),
By Region-2016-2024
Global Automotive turbochargers Market Size USD
(Billion). 2016-2024
Source Goldstein Research
Source Goldstein Research
In 2016, Passenger Cars accounted for the highest
market share XX in Global Automotive
Turbochargers Market
With XX share in 2016, Europe dominated the
Global Automotive Turbochargers market
Global Automotive turbochargers Market Share(),
By Technology Type-2016
Global Automotive Turbochargers Market Share(),
By Vehicle Type -2016
Global Automotive turbochargers Market Share (),
By Fuel Type -2016
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Source Goldstein Research
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Major Players Presence-Regional Analysis
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Major Players/ Industries North America APAC Europe Latin America Middle East Africa
Honeywell International Inc.
BorgWarner Inc.
Cummins Inc.
IHI Corporation
Mitsubishi Heavy Industries Ltd
Continental AG
Bosch Mahle Turbo Systems
Eaton Corporation PLC
Toyota
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Low Penetration
High Penetration
Medium Penetration
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Global Automotive Turbochargers Market Size (USD
Billion)-2016-2024
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Source Goldstein Research

• Global automotive turbochargers market is
  anticipated to expand at a compound annual growth
  rate of XX during the forecast period i.e.
  2016-2024. The market is anticipated to reach USD
  XX Billion by the end of 2024. Further, Global
  automotive turbochargers sales increased from XXX
  million units in 2015 to XXX units in 2016, which
  is likely to reach XXX million units by 2024.
• Rising demand of fuel efficient vehicles is the
  major factor driving the growth of turbochargers
  vehicles. According to Goldstein's estimate there
  will be more than XX million vehicles equipped
  with turbochargers will be running on roads by
  2024. Further, turbochargers' penetration in
  vehicles to grow from XX in 2016 to XX by 2024,
  driven largely by automakers focus to improve
  fuel economy and performance of vehicles.
• In 2016, XX million vehicles where produced
  globally, with Europe having a market share of
  XX. In 2016, Europe showed the largest growth
  worldwide in terms of market share (XX). While
  Germany is the largest vehicle manufacturer in
  Europe, the Czech Republic and Poland have very
  high growth rates within the sector. This makes
  entering the European automotive market a major
  opportunity for suppliers from developing
  countries.

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• The major turbocharger suppliers Honeywell,
  BorgWarner, Mitsubishi Heavy and IHI are
  looking to capitalize on the growth opportunities
  as other big suppliers look to make a move into
  the sector.
• New players Bosch-Mahle and Continental are
  together expected to take around a XX global
  market share for turbochargers by 2017.
• Additionally, the turbochargers market has
  witnessed strong growth in agricultural machinery
  segment owing to growing sales of agricultural
  equipment and tractors in growing economies and
  Europe.
• Volkswagen plans to completely replace
  conventional gas engines for US models with
  turbocharged gas and diesel powertrains over the
  next three or four years.
• The automaker plans to replace its three
  remaining naturally aspirated or conventional gas
  engines a five-cylinder 2.5-litre and two
  six-cylinder variants with turbocharged
  engines. Toyota and Subaru outlined plans in
  November to roll out vehicles featuring downsized
  turbocharged engines starting in 2014.
• Toyota currently has no turbocharged vehicles in
  its line-up, but will use these engines across
  its portfolio, with possible displacements
  between 1.0 and 1.5 litres.

• Over the next five years, the Middle East and
  Africa (MEA), a laggard, relatively unmotorized
  region, will likely see strong and consistent
  automobile sales growth the biggest improvements
  are expected in Iran, Egypt, South Africa, and
  Nigeria. Along with this growth, automaker
  factory activity in the region will increase
  significantly. By 2021, nearly XX million cars
  will be built yearly in the MEA, an output
  increase of about XX percent.

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Global Automotive turbochargers Market Share, By
Vehicle Type, 2016-2024

• The global automotive components industry
  generates more than USD XX billion in revenue per
  year in which automotive turbochargers share more
  than XX of the total industry revenue. The North
  American market had an estimated size of more
  than USD XX billion in 2016.
• Passenger automotive turbochargers industry hold
  the largest revenue share owing to the huge
  market of passenger vehicles across the globe,
  which is likely to grow at CAGR of XX over the
  forecast period. Asia Pacific being the largest
  automobile manufacturer globally also posses the
  fastest growth rate for turbochargers industry.
• Despite all the current difficulties in the BRIC
  countries, the truck markets in these regions are
  likely to offer many opportunities and a CAGR of
  XX until 2024. Their share in the global market
  will increase from XX in 2016 to XX in 2024.

Sample
Global Automotive turbochargers Market Y-O-Y
Growth, By Vehicle Type, 2016-2024
Fig 17 Global Automotive turbochargers Market
Size (USD Billion), By Vehicle Type-2016-2024
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Global Automotive Turbochargers Market Outlook
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Global Automobile Turbochargers Technology Outlook
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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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