Increasing demand for better, fuel-efficient engines across light-duty, heavy-duty, and passenger vehicles is the key factor that is expected to fuel global automotive turbocharger market growth in the coming years.
Integration of turbochargers in heavy-duty vehicle engines is helping manufacturers to decrease the amount of harmful emissions while also providing and enhanced power output. Taking January 2019 for instance, Cummins Inc., unveiled its 6.7 liter turbo diesel engine designed for heavy-duty trucks. This new diesel engine has improved Cummins-Holset Variable Geometry turbocharger installed in it along with heavy-duty bearings that help improve vehicle payload capacity.
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Considering these growth factors, a new Global Market Insights Inc., research report estimates that the global automotive turbocharger market is likely to surpass a valuation of $27 billion by 2026.
How is the Europe automotive turbocharger market expected to fare over the forecast timeframe?
Various governments across Europe have imposed strict regulations to lower the amount of nitrous oxide and carbon emissions from vehicle exhaust, which is a crucial factor driving the automotive turbocharger market outlook in the region. To further consolidate this driver, in April 2019, the European Parliament introduced new CO2 emission regulations for passenger vans and cars.
The region is also anticipated to exhibit rapid growth owing to the substantial presence of many of the world’s most prominent automobile manufacturers, like Audi, BMW, and Daimler. These automotive giants are aiming at the integration of advanced turbocharger systems in their vehicles to improve engine performance and drivability.
Citing an instance, in March 2019, BMW launched the company’s new BMW X5 SUV, that is equipped with twin-turbocharger technology, for the European automotive market. The vehicle’s eight-speed automatic transmission integrated with the twin-turbo system substantially enhances drivability and engine performance.
Why are gasoline turbochargers witnessing rising demand in the automotive industry?
Owing to the mounting adoption of gasoline engines by a number of major automotive manufacturers, the gasoline turbochargers segment is anticipated to witness tremendous demand over the projected timeframe.
Turbo systems installed in gasoline engines work at high RPMs and need small combustion chambers, which further promotes engine downsizing in passenger cars. These benefits are subsequently likely to play a crucial role in the adoption of gasoline turbochargers over the coming years.
How is the OEM segment expected to foster the automotive turbocharger market growth in coming years?
Speaking of the distribution channel, the OEM segment is projected to dominate the overall industry share over the forthcoming timeframe owing to the presence of several established manufacturers in the automotive turbocharger industry.
OEMs are heavily relied upon by automobile manufacturers for the supply of vital engine components, like turbochargers, for all vehicle categories. Rising production of the fuel-efficient engines with improved power output would significantly impel the overall automotive turbocharger market share in coming years.
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The competitive landscape of the global automotive turbocharger market is inclusive of players such as Magnum Performance Turbos, Turbonetics Inc., Turbo Energy Pvt Ltd, The Turbo Engineers GmbH, Rotomaster, Montupet, Mitsubishi Heavy Industries, Linamar Corporation, IHI Corporation, Honeywell International Inc., Cummins Inc., Cimos D.D., BMTS Technology, BorgWarner, and Banks Power among others.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.2. Methodology and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive turbocharger industry 360° synopsis, 2015 – 2026
2.1.1. Business trends
2.1.2. Vehicle trends
2.1.3. Technology trends
2.1.4. Fuel trends
2.1.5. Distribution channel trends
2.1.6. Regional trends
Chapter 3. Automotive Turbocharger Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.3. Software & technology providers
3.3.4. System integrators
3.3.5. Distribution channel analysis
3.3.6. End-use landscape
3.3.7. Vendor matrix
3.4. Comparison of turbo engine and non-turbo engine
3.5. Pricing analysis, 2019
3.5.1. Pricing analysis, by region
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
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