The Turbocharger Market to experience an impressive growth of 10.8% CAGR during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Turbocharger Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Turbocharger Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.


The strategic Market dissection

The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
1. Vehicle Type (On-Highway Vehicles, Off-Highway Vehicles)
2. Charger Type (Turbocharger, Supercharger)
3. Fuel Type (Gasoline, Diesel)
4. Technology (VGT / VNT, Wastegate, Twin Turbo)
5. Region (North America, Europe, Asia-Pacific and RoW)

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The Growth Prognosis & its Drivers

The global turbocharger market in the transportation industry offers a robust growth opportunity and is likely to witness a double digit growth of 10.8% (CAGR) during the forecast period of 2016 to 2021. Growing vehicle production coupled with the requirement for automakers to meet global environment emission and fuel efficiency regulations are the prime drivers of the turbocharger market. Increasing penetration / installation rates of turbochargers in the gasoline engine powered vehicles is the driving force of the market during the forecast period.

The Key players

The top players are Daimler, General Motors, Toyota, Nissan, Ford, Caterpillar, Hitachi Construction Machinery, Komatsu, Hitachi Construction Machinery, Hyundai Heavy Industries, and Volvo Construction Equipment.

The undisputed Dominance of the Asia-Pacific

Asia-Pacific is likely to remain the largest market for turbochargers in the next five years, driven by demand in emerging economies, such as China and India. China is the world’s fastest growing automotive market and is projected to increase the turbocharger installation rates in its new vehicles from current 28% to 49% in the year 2021. This will lead to almost twofold increase in the demand of turbochargers in China in a span of five years.

North America is another growing market for turbochargers, driven by the demand for light weighting and engine downsizing in new vehicles to meet the CAFÉ standards. European turbochargers market is likely to witness a modest growth in the next five years. This region owns the world’s largest turbo diesel fleet and the highest turbocharger installation rates worldwide.

Most of the major turbocharger manufacturers have already set up their manufacturing plants in China to tap the regional growth potential. India, Japan, and South Korea have also joined the row and are projected to increase installation rates of turbochargers in the new vehicles. Apart from China, significant demand of turbochargers is expected to be generated from these countries in the next five years.

Transportation industry stakeholders are continuously trying hard to address the challenges related to the turbochargers, which are production of cost effective turbochargers without sacrificing its performance and mitigating the noise generated by turbochargers

Emerging Trends: The fuel efficiency and environment emission regulations in many developed and developing countries are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to achieve the targets. The Automakers are downsizing engines to satisfy the stringent global fuel economy and emission regulations and customer demand for better performing vehicles. Turbochargers help downsized engines improve fuel economy by 20% to 40% as compared to larger, naturally aspirated engines.

Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide. VGT / VNT is more efficient than traditional wastegate turbochargers and will continue to gain market share during the forecast period. VGT / VNT is well suited both for diesel as well as gasoline powered engines.

Click Here for Other Reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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This release was published on openPR.