Turbocharger market expected to Witness a Sustainable Growth over 2023 - 2030

OverviewAutomotive Turbocharger Market  is a turbine, which is driven by the energy of exhaust gas generated by the internal combustion engine.

According to a recent study report published by the Market Research Future, The global market of automotive turbocharger is booming and expected to gain prominence over the forecast period.

The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).Turbocharger engines are used widely with many advantages that play a vital role in environmental pollution control.

Diesel engines are considered, one of the largest contributors to environmental pollution caused by exhaust emissions.

Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle class consumers.

In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/4352The dynamic business environment and cut throat competition in the market constantly requires influx of capital to update their technology to cope with increasing incidences of customization by the consumers.

Turbocharger Market Driven by Growing Demand for Environmental Viability in Automotive Industry.

Growing Demand for High-performance Passenger Cars to Drive Turbocharger MarketThe global Turbocharger market is expected to exhibit a strong 7.97% CAGR over the forecast period from 2017 to 2023, rising to a valuation of USD 24.223.3 million, according to the latest research report from Market Research Future (MRFR).

The global Turbocharger market is analyzed in full detail in the report, which studies the market’s historical growth trajectory, leading market drivers and restraints, and leading players, providing readers with a comprehensive overview of the global Turbocharger market’s growth prospects over the forecast period.Turbochargers are a forced induction running on the exhaust gases coming from an internal combustion engine.

The use of Turbochargers has increased in the last few years due to the growing awareness about their efficacy in increasing the fuel efficiency of the vehicle, which has become a major point for the automotive industry due to the growing concern about the environmental impact of automotive emissions.

The growing support from governments and consumers alike for solutions that help reduce the effect of automobiles on the environment is likely to be a major driver for the Turbocharger market over the forecast period.The use of Turbochargers also increases the performance capacity of internal combustion engines.

The growing demand for amped-up, high-performance versions of hatchbacks and family saloons is likely to remain a key driver for the Turbocharger market over the forecast period.

According to the new market research 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", Published by MarketsandMarkets™, The global Automotive Turbocharger Market 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.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), 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).Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=919The wastegate turbocharger type is estimated to hold the largest share in the marketWastegate 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, 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 MarketThe passenger car segment is expected as the largest market for automotive turbochargers as it contributes to more than 50% of the global vehicle production.

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 turbochargersAsia Pacific countries such as China, Japan, South Korea, and India are the largest vehicle producers globally.

Considering the opening of manufacturing plants in China, global vehicle production would grow at a rate of 3.3% from 2020 to 2025.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=919Factors responsible for the steady growth of the 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 India’s 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.

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.

UpMarketResearch offers a latest published report on “Global Automotive Turbocharger Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.

It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.

The statistics are represented in graphical format for a clear understanding on facts and figures.

The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.

Region-wise Analysis Global Automotive Turbocharger Market covers: • North America• Europe• China• Japan• Southeast Asia• IndiaThe Major players reported in the market include:BorgwarnerlacHoneywell InternationalMitsubishi Heavy IndustriesIHIContinentalCummins Global Automotive Turbocharger Market: Product Segment AnalysisVariable Geometry Turbocharger (VGT)Variable Nozzle Turbocharger (VNT)Watergate Global Automotive Turbocharger Market: Application Segment AnalysisAgriculture TractorsConstruction Equipment The Report covers in-depth analysis as follows: • Chapter 1 Automotive Turbocharger Market Overview• Chapter 2 Global Economic Impact on Automotive Turbocharger Industry• Chapter 3 Global Automotive Turbocharger Market Competition by Manufacturers• Chapter 4 Global Automotive Turbocharger Production, Revenue (Value) by Region (2013-2018)• Chapter 5 Global Automotive Turbocharger Supply (Production), Consumption, Export, Import by Regions (2013-2018)• Chapter 6 Global Automotive Turbocharger Production, Revenue (Value), Price Trend by Type• Chapter 7 Global Automotive Turbocharger Market Analysis by Application• Chapter 8 Global Automotive Turbocharger Manufacturers Analysis• Chapter 9 Automotive Turbocharger Manufacturing Cost Analysis• Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers• Chapter 11 Marketing Strategy Analysis, Distributors/Traders• Chapter 12 Market Effect Factors Analysis• Chapter 13 Global Automotive Turbocharger Market Forecast (2018-2023) Buy this report@  https://www.upmarketresearch.com/buy/Global-Automotive-Turbocharger-Industry-Market-Analysis-Forecast-2018-2023“Global Automotive Turbocharger Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.

The new Automotive Turbocharger Market report offers a comprehensive study of the current scenario of the market including major market dynamics.

Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.

Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.

The key players in the automotive turbocharger market includeBorgWarnerInc, BOSCH Mahle Turbo Systems, Continental AG, Cummins Inc., Eaton Corporation PLC, Honeywell International Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd, Rotomaster International, and Turbo Energy PVT Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Turbocharger Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/automotive-turbocharger-market/download-sampleMarket DynamicsBooming automotive industry on account of rising sales of diesel-powered vehicles are driving the market growth.

Use of turbocharger to increase engine efficiency is again fueling the market growth.

Stringent governmental norms imposed regarding carbon emission is again pushing the market demand.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis.

The Global Turbocharger Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversRobust demand of high fuel efficiency enginesGrowing vehicle productionRestraintsAdoption of electric vehicleThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on vehicle type, technology and fuel type.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Turbocharger Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/20812-turbocharger-market-reportThe report also covers the complete competitive landscape of the global Turbocharger market with company profiles of key players such as:AEROCHARGER, LLC.BorgwarnerInc.Continental AGCummins Inc.Honeywell International Inc.IHI CorporationMitsubishi Heavy Industries LtdNapier TurbochargersRotomaster InternationalA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Vehicle Type:Light Commercial Vehicles (LCV)Heavy Commercial Vehicles (HCV)Passenger Vehicles (PV)By Technology:Variable Geometry TechnologyWastegate TechnologyTwin TurboBy Fuel Type:DieselGasolineBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Turbocharger Market @ https://www.decisiondatabases.com/contact/download-sample-20812The Global Turbocharger Market has been exhibited in detail in the following chapters -Chapter 1 Turbocharger Market PrefaceChapter 2 Executive SummaryChapter 3 Turbocharger Industry AnalysisChapter 4 Turbocharger Market Value Chain AnalysisChapter 5 Turbocharger Market Analysis By Vehicle TypeChapter 6 Turbocharger Market Analysis By TechnologyChapter 7 Turbocharger Market Analysis By Fuel TypeChapter 8 Turbocharger Market Analysis By GeographyChapter 9 Competitive Landscape Of Turbocharger CompaniesChapter 10 Company Profiles Of Turbocharger IndustryPurchase the complete Global Turbocharger Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20812Other Reports by DecisionDatabases.com:Global USB Car Charger Market Research Report - Industry Analysis, Size, Share, Growth, Trends And ForecastGlobal Battery Charger Market Research Report - Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

Final Report will add the Impact of COVID-19 Analysis on Automotive Electric Turbocharger Industry:The Global Automotive Electric Turbocharger Market Size is projected to reach USD 0.11 billion by the end of 2027.

According to a report published by Fortune Business Insights, titled “Automotive Electric Turbocharger Market Size, Share & Industry Analysis, By Fuel Type (Gasoline and Diesel) and By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2027,” the market was worth USD 0.13 billion in 2019 and will exhibit a CAGR of 14% during the forecast period, 2019-2027.Source:https://www.fortunebusinessinsights.com/automotive-electric-turbocharger-market-103293 List of companies profiled in the report:Garrett Motion (Rolle, Switzerland) (https://www.garrettmotion.com/)Continental AG (Hanover, Germany) (https://www.continental.com/en)Aptiv PLC (Dublin, Ireland) (https://www.aptiv.com/)ABB (Zurich, Switzerland) (https://new.abb.com/)Cummins Inc. (Columbus, US) (https://www.cummins.com/)Ningbo Motor Industrial Co. Ltd. (Ningbo, China) (http://www.nbmotor.com/)Precision Turbo and Engine Inc. (Hebron, Indiana) (https://www.precisionturbo.net/)Robert Bosch GmbH (Gerlingen, Germany) (https://www.bosch.com/)Mahle (Stuttgart, Germany) (https://www.mahle.com/)Rotomaster International (Canada) (http://www.rotomaster.com/)Mitsubishi Heavy Industries.

Ltd (Tokyo, Japan) (https://www.mhi.com/mitsubishi-heavy-industries-ltd-global-website)Covid-19 Impact to Have a Negative Impact on Automotive SalesThe recent coronavirus outbreak has had a negative impact on several businesses across the world.

Moreover, advances in physical structures of automotive electric turbochargers have yielded compact structures and design as well reduced the weight of the product; which will further affects the growth of the market.Product Innovations have had a Massive Impact on Market GrowthThe report encompasses several factors that have affected the growth of the overall automotive electric turbocharger market in recent years.

In October 2019, Garrett Motion announced the launch of a new turbocharger for passenger cars.

This, in turn, will create several opportunities for the companies operating in this market.

According to the market research report “Automotive Turbocharger Market by Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Ice & Hybrid Vehicle, Fuel Type, Off-Highway (Agricultural, Construction, Locomotive), Aftermarket, and Region - Global Forecast to 2025”.

The growth of the automotive turbocharger market is influenced by factors such as the increasing production of commercial vehicles where turbochargers are a standard fitment and shift from diesel to gasoline cars owing to emission regulations.Download our free PDF Brochure and gain crucial industry insights that will help your business growhttps://www.marketsandmarkets.com/pdfdownloadNew.asp?id=919HEV is projected to have the largest demand for automotive turbochargers in the near futureThe growth of the application of turbocharger in HEV will greatly be seen in North America and Europe region due to their advanced state of the art technology and strict emissions norms.

Particularly high-end cars such as   Lexus ES, and Mercedes E-Class, among others.

Even these regions are providing various incentives and tax rebates for the purchase of HEVs, which is ultimately driving the HEV market in North America and Europe regions.Request for free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=919Electric turbocharger market is expected to have the fastest growth in automotive turbocharger market, by technologyElectric turbochargers are turbochargers using an electric motor to overcome the time lag of the exhaust gas-driven turbine.

Cars based on 48-volt architecture are expected to get commercialized by 2020 as per MarketsandMarkets analysis.

There are many developments going on across the world.