Automotive Turbocharger Market to exhibit over 9.5% CAGR from 2018 to 2024 | Top Industry Manufacturers – BorgWarner, Cummins, Inc, Honeywell, Linamar Corporation, Mitsubishi Heavy Industries

Gasoline segment will witness highest growth and is expected to account for over 32% automotive turbocharger market share by 2024. This is attributed to the high RPM generation and efficient fuel combustion in vehicles. Moreover, owing to high flammability of gasoline over diesel, system design contributes low space footprints. Thus, it contributes to the compact combustion chambers along with smaller engine components providing better fuel efficiency.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2463

Engine horsepower falls 3% with every 1,000 feet above sea level. For instance, in India, road conditions range from sea level to 6,000m resulting in the 18% reduction of power produced by the engine. However, the performance of automotive turbocharger improves at high altitudes owing to the increase in pressure difference in turbines and outer atmospheric pressures, in turn positively influencing the industry growth.

Europe held the largest automotive turbocharger market share and is projected to continue its dominance over the study timeframe. High penetration of passenger cars in conjunction with the stringent regulations to keep the automotive emissions in check are expected to be among the prominent factors contribute to the regional growth. Moreover, significant presence of major automotive manufacturers such as Mercedes Benz, BMW, Audi, Volvo, and Volkswagen will drive the industry growth through the forecast period.

Automotive Turbocharger Market By Vehicle

• PCV
• LCV
• HCV

Automotive Turbocharger Market By Technology

• VGT/VNT
• Wastegate
• Twin turbo

Automotive Turbocharger Market By Fuel

• Gasoline
• Diesel

Automotive Turbocharger Market By Distribution Channel

• OEM
• Aftermarket

VGT/VNT technology accounted for the largest automotive turbocharger market share in 2017. It is extensively used in commercial & off-highway vehicles and passenger vehicles for boosting the internal engine combustion performance. Increasing adoption of customized vehicles for recreational activities, motorsport events and military operations will positively influence the requirement of technologically-advanced solutions.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2463

PCV’s hold dominance and is expected to witness highest gains over the forecast timeframe. Increasing production and sales of premium passenger vehicles owing to a surging demand for luxury vehicles in China, the U.S., Germany, UK, and Brazil are stimulating automotive turbocharger market share.

Limitations associated with existing turbocharge systems that include turbo lag, limited boost threshold, reduced traction are among the major system drawbacks, negatively affecting the consumer inclination. Moreover, proliferation of electric vehicles featuring electric motors and battery powered systems with low maintenance cost and longer product life are expected to hamper the automotive turbocharger market size through the forecast period.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-turbocharger-market

Honeywell International, Inc., IHI Corporation, Cummins, Borg Warner BMTS, and Mitsubishi Heavy Industries are among the major automotive turbocharger market participants. Other industry participants include Precision Turbo & Engine, Turbonetics, Inc., Rotomaster, The Turbo Engineers GmbH, and Turbo Energy Private Limited.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.