Automotive Turbocharger Market worth $18.4 billion by 2025 - PowerPoint PPT Presentation

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Automotive Turbocharger Market worth $18.4 billion by 2025

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Title: Automotive Turbocharger Market worth $18.4 billion by 2025


1
MarketsandMarkets Presents

Automotive Turbocharger Market worth 18.4
billion by 2025
https//www.marketsandmarkets.com/Market-Reports/t
urbochargers-market-919.html
2
The report "Automotive Turbocharger Market by
Technology (VGT, Wastegate, Electric), Material
(Cast Iron, Aluminum), Component, Fuel Type,
Application (Agriculture, Construction), Vehicle
(Passenger Car, LCV, Truck Bus), Aftermarket,
Region - Global Forecast to 2025", size is
projected to grow at a CAGR of 10.5 over the
forecast period, to reach USD 18.4 billion by
2025 from USD 11.1 billion in 2020. Factors
such as decreased emission limits in new emission
regulations, fuel shift towards gasoline
passenger cars especially towards GDI engines
and focused technological advancements in
electric turbocharger technology for mild-hybrid
vehicles are projected to create a potential
demand for automotive turbochargers in the coming
years. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id919 Browse 249 market data Tables and 62
Figures spread through 242 Pages and in-depth TOC
on "Automotive Turbocharger Market Automotive
turbocharger market is dominated by manufacturers
such Honeywell (US), BorgWarner (US), MHI
(Japan), IHI (Japan), and Continental (Germany),
Bosch Mahle (Germany), Cummins  (US), ABB
(Switzerland), TEL (India), and Delphi
Technologies (UK), Rotomaster International
(Canada), Precision Turbo Engine INC(US),
Turbonetics(US),
3
Turbo International (US), Kompressorenabu
Bannewitz GMBH(Germany), Turbo Dynamic Ltd.(UK),
Fuyuan Turbocharger Co. Ltd.(China), Hunan Tyen
Machinery Co. Ltd. (China), Ningbo Motor
Industrial Co. Ltd. (China), Calsonic Kansei
(Japan). The wastegate turbocharger type is
estimated to hold the largest share in the
market Wastegate turbochargers are expected to
hold the largest share (in terms of volume) in
2020, of the total turbochargers market.
Wastegate turbochargers, being more economical
than VGT type, Asia Oceania is estimated to
showcase the most significant demand for this
type of turbocharges, as the region prefers
economic passenger cars (especially in countries
such as China and India). However, the developed
areas of the world are mostly using the advanced
comparatively expensive VGT type. Currently,
the installation rate for VGT is lower in Asia.
However, owing to its better efficiency (than
wastegate turbos) and new emission regulations,
which are expected to be introduced in India and
China in the coming years, the demand for VGT is
likely to increase in Asian countries
post-2020. Passenger car is estimated to be the
fastest-growing segment in the automotive
turbocharger market The passenger car segment is
expected as the largest market for automotive
turbochargers as it contributes to more than 50
of the global vehicle production. COVID-19 will
have a major impact on the production of
passenger cars in 2020.
4
Passenger car production, which hit 74 million in
2019, will observe a decline of 15 in 2020.
Efforts from various automakers to start vehicle
production would help in a steady recovery
post-2020. For instance, automakers in China,
such as Volkswagen, Nissan, Hyundai, and Honda,
have announced the reopening of their plants in
the country. In Europe, Toyota, Volkswagen, and
Audi have resumed operations. According to ICCT,
the turbocharger technology in the EU has
increased the average passenger car engine power
by 30 to 97 kW, and the engine displacement
decreased by 7, reducing the overall weight of
the vehicles, and hence emissions. , With a
change in fuel type from diesel to gasoline and
advancements in 48V mild-hybrid cars the demand
for gasoline and electric turbochargers is
projected to grow in the passenger car segment in
the coming years. Asia Pacific The region with
the largest demand for automotive
turbochargers Asia Pacific countries such as
China, Japan, South Korea, and India are the
largest vehicle producers globally. These
countries accounted for 49 of the global vehicle
production in 2019. The global production of
vehicles in 2020 will observe a 15 decline due
to COVID-19. China, India, and Japan, which
account for a large share of the global passenger
car production, will observe a drop of 15, 17,
and 14, respectively, in 2020 as compared to
2019. Request FREE Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id919
5
  • Factors responsible for the steady growth of
    automotive turbocharger market the post-2020
    recovery of vehicle production are
  • Stringent emission norms - China VI, with its
    limits lower than Euro VI set to be implemented
    in 2020, and Indias BS-VI standards set to be
    implemented in 2020 (skipping BS V norms).
  • The increasing popularity of TGDI - 50 of
    passenger cars are equipped with TGDI, and this
    rate estimated to grow further in the future. As
    per SIAM, India is also shifting toward gasoline
    vehicles with diesel vehicles share dropping to
    19 from 50, further fueling the turbocharger
    market. Countries like Japan and South Korea have
    the majority of their passenger cars running on
    gasoline engines and are leading countries with
    an active market for wastegate turbochargers.
  • One of the essential drivers to consider is the
    growing production of mild hybrid vehicles. Other
    growing economies, such as Thailand and
    Indonesia, are providing incentives to OEMs to
    set up their hubs to produce mild-hybrid HEVs for
    cleaner transportation. Other factors, such as
    increased fuel prices, will positively affect the
    turbocharger market.
  • The key OEMs in this region include Brilliance
    Auto, Shanghai Automotive Industry Corporation
    (SAIC), Chery Automobile, Geely Automobile,
    Hawtai Motor Group, and Honda Motor Co., Ltd.
    Hence, Asia Pacific is the largest market for
    automotive turbocharger
  • Dont miss out on business opportunities in
    Automotive Turbocharger Market. Speak to our
    analyst and gain crucial industry insights that
    will help your business grow.

6
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urbochargers-market-919.html
7
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