Automotive Turbocharger Market Expected To Grow At A CAGR of 9.58% By 2027| Honeywell, Continental, BorgWarner Inc, Mitsubishi Heavy Industries, BMTS Technology GmbH & Co. KG, Cummins Inc, ABB, Delphi Technologies, IHI

Recent research and the current scenario as well as future market potential of "Global Automotive Turbocharger Market 2020".

The Global Automotive Turocharger Market is expected to grow at a CAGR of 9.58% during the forecasting period (2020-2027).

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Turbochargers are turbine-driven forced induction devices that improving engines volumetric efficiency by increasing density of the intake gas allowing more power per engine cycle. The turbocharger is used in vehicles such as passenger car, commercial vehicle and high duty vehicle. The turbine in the turbocharger spins at speeds of up to 150,000 rotations per minute i.e., about 30 times faster than most car engines can go.

Global automotive turbocharger market is expected to grow at a CAGR of XX% to reach market value of USD XXXX million by 2025. The global turbo industry had 35 million turbocharged vehicles in 2015.

Turbochargers are the most affordable green technology available, as it increases fuel efficiency in engine downsizing without compromising performance. A turbo fitted to a small engine is equals to power of a large engine combined with fuel efficiency and improved emissions of a small engine it delivers up to 20% better fuel economy in vehicles with gasoline engines and up to 40% fuel savings on diesel engines.

International council on combustion engines (IMO) III regulation 2016 to reduce the specific Nitrogen Oxides (NOx) emissions (about -80% compared to the IMO I values) needs to be achieved in the ECA's (Emission Control Areas). Sulphur-oxides (SOx) and particulate matter (PM) emissions are to be controlled by limiting the sulphur content of the fuel used in turbocharger system.

Market Drivers:

Fuel-efficiency regulations are driving the use of turbochargers in vehicles and boosting revenue for Turbocharger manufacturing industry. This is driving the global automotive turbocharger market.

Rising consumer spending will also increase automotive production, leading to greater implementation of turbochargers in fuel-efficient vehicles. This will further boost the market for global automotive turbocharger in the forecast period.

Market Restraints:

In larger turbocharger, reaching the boost threshold can provide an almost instantaneous surge in power, which could compromise tire traction or cause some instability of the car. This may downstream the global automotive turbocharger market.

The turbochargers get very hot and often tap into the engine's oil supply. This calls for additional plumbing, and is more demanding on the engine oil. Superchargers typically do not require engine oil lubrication. This is a major restraint for the global automotive turbocharger market.

Market Segmentation

By turbocharger type :

Exhaust-gas turbochargers enhance performance, increase speed and power as well as engine performance at the same time reducing fuel consumption and exhaust emissions.

Axial flow turbochargers are used in aircraft engines because of their large size and heavy weight, these are similar to gas turbochargers. With the fuel flow through the wheel in an axial direction, the axial flow turbocharger compresses air into increasingly smaller spaces using a series of impeller or axial compressor fans.

The radial flow turbochargers are most popular type for automotive applications, the gas inflow is centripetal and is directed from the outside in a radial direction. It has the ability to increase the power of an automobile up to 1,000 horsepower.

By Geography

Turbocharger sales in the United States got a boost when the federal government's corporate average fuel economy targets were raised to 35.5 mpg by 2016.
Europe is the leading region in terms of turbocharger adoption across light and commercial vehicles, exceeding 70% penetration by 2015.

Competitive landscape:

The major players for global automotive turbocharger market are BorgWarner and Cummins, which collectively account for 77.3% of revenue 2017.

Cummins has developed a highly optimized mixed flow turbine stage and a revolutionary turbine exit diffuser design with wastegate flow control, and optimization of the compressor stage. To improve the performance and efficiency of heavy-duty commercial wastegate turbochargers by using advanced computer modeling and real-world lab testing. This new approach has resulted in improvement in turbocharger efficiency by up to 6% and fuel efficiency of 1.5%.

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Key market segments covered

BY TURBOCHARGER TYPE :
Exhaust gas turbocharger
Axial flow turbocharger
Radial flow turbocharger

BY TECHNOLOGY TYPE :
Variable geometry turbocharger
Waste gate
Twin turbocharger
Others

BY ENGINE TYPE :
Diesel engine
Gasoline engine
BY VEHICLE TYPE
Passenger car
Commercial vehicle
Heavy duty vehicle

BY SALES CHANNEL :
OEM
Aftermarket

BY REGION :
Asia Pacific
Europe
North America
South America
Rest of the World

Why purchase the report?
Visualize the composition of the automotive turbocharger market across each indication, in terms of by turbocharger type, by technology type, by engine type by vehicle type and by sales channel highlighting the key commercial assets and players.
Identify commercial opportunities in automotive turbocharger market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the automotive turbocharger market - level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the automotive turbocharger products of all major market players

Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturer

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