New York, US, March 06, 2023 (GLOBE NEWSWIRE) -- A global Automotive and Transportation business-consulting firm, Maximize Market research, has published a market intelligence and competitive landscape report on the “Automotive Turbocharger Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Automotive Turbocharger Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects, the market to grow from USD 11.33 Bn in 2021 to USD 24.02 Bn in 2029 at a CAGR of 9.84 percent.
Automotive Turbocharger Market Report Scope and Research Methodology
| Market Size in 2021 | USD 11.33 Bn. |
| Market Size in 2029 | USD 24.02 Bn. |
| CAGR | 9.84 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 292 |
| No. of Tables | 117 |
| No. of Charts and Figures | 114 |
| Segment Covered | Vehicle Type and Fuel Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report provides an in-depth analysis of the strategies of the industry's leading players, as well as a thorough analysis of the various market segments and geographies. The research was conducted by dividing the market into two main segments: vehicle type and fuel type. These major segments of the Automotive Turbocharger Market were further divided into various sub-segments. A detailed analysis of market dynamics including drivers, restraints, opportunities and challenges is provided region-wise and segment-wise. Figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins are also included in the Automotive Turbocharger Market report.
The data for the Automotive Turbocharger Market report was collected by employing primary and secondary research methods, which were further combined to make the report authentic. Secondary sources used were Canadian Automotive Association (CAA), Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), China Association of Automotive Manufacturers (CAAM), Korea Automotive Manufacturers Association (KAMA)European Automotive Manufacturers Association (EAMA), and Environmental Protection Agency (EPA). Bloomberg site was also referred to gain insights about the global market. The primary research conducted includes the questionnaire distribution, surveys and phone interviews with Automotive Turbocharger industries expert, market leaders, marketing professionals and entrepreneurs. The bottom-up approach has been used to estimate the global and regional market size. SWOT analysis was used to provide the strengths, weaknesses, challenges and lucrative opportunities for the Automotive Turbocharger Market growth.
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Automotive Turbocharger Market Overview
The Automotive Turbocharger is an important automotive component because they increase the efficiency of the engine. Automotive chargers are of three types: variable geometry turbochargers, electric turbochargers and wastegate turbochargers. The Automotive Turbocharger Market is expected to be driven by the stringent emission regulations for improving fuel efficiency.
Automotive Turbocharger Market Dynamics
The Automotive Turbocharger Market is expected to be majorly driven by the increasing demand for passenger cars with gasoline engines. The market growth is attributed to the steadily increasing demand for fuel-efficient engines in light-duty, heavy-duty and passenger vehicles. To improve the power and fuel efficiency of light commercial vehicles, the demand for turbocharger systems is increasing. The Automotive Turbocharger Market growth is expected to be hampered because the replacement of the turbos is expensive and poor maintenance of turbochargers leads to poor maintenance of the turbochargers.
Automotive Turbocharger Market Regional Insights
Asia Pacific region held the major market share due to the high volume of passenger cars in the region. The major factors contributing to the growth of the Automotive Turbocharger Market are increasing disposable income, developing infrastructure, growing industrialization and rapid urbanization.
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North America region is expected to grow at a high rate during the forecast period due to the high adoption of automotive turbochargers in the region. The Automotive Turbocharger Market in the region is expected to be driven by the increasing adoption of advanced technology in turbochargers.
Automotive Turbocharger Market Segmentation
By Vehicle Type
- LCV
- HCV
- Agricultural Machinery
- Construction Machinery
By Fuel Type
- Gasoline
- Diesel
Automotive Turbocharger Market Key Competitors include:
- BorgWarner Inc.
- Bosch Mahle Turbo Systems GmbH & Co. KG
- Continental AG
- Honeywell International Inc
- IHI Corporation
- Cummins Inc
- Mitsubishi Heavy Industries
- Eaton Corporation etc
- D. Napier & Son Limited
- MHI (Japan)
- Continental (Germany)
- ABB (Switzerland)
- Linamar Corporation
- Montupet
- Precision Turbo & Engine
- Rotomaster
- The Turbo Engineers GmbH
- Turbo Energy Pvt Ltd.
- Turbonetics, Inc.
- Magnum Performance Turbos
- Garrett AiResearch
Key questions answered in the Automotive Turbochargers Market are:
- What is Automotive Turbocharger?
- What is the CAGR of the Automotive Turbocharger Market?
- What was the Automotive Turbocharger Market size in 2021?
- What are the global trends in the Automotive Turbocharger Market?
- What are the upcoming industry applications and trends for the Automotive Turbocharger Market?
- What are the factors contributing to the final price of Automotive Turbochargers?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Automotive Turbocharger Market?
- What growth strategies are the players considering to increase their presence in Automotive Turbochargers?
- Who are the leading manufacturers in Automotive Turbochargers Market?
- What are the major challenges that the Automotive Turbochargers Market could face in the future?
- Who held the largest market share in Automotive Turbochargers Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Automotive Turbocharger Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Automotive Turbocharger Market Segmentation – A detailed analysis by Vehicle Type, Fuel Type and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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Marine Turbochargers Market - The market size is expected to reach USD 1185.73 million by 2029 at a CAGR of 7.8 percent during the forecast period. The market is expected to be driven by the increasing ship manufacturing and proliferation of seaborne commerce operations.
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EV DC Fast Charger Market - The market size is expected to reach USD 1287.08 Mn by 2029 at a CAGR of 9.15 percent during the forecast period. The market is expected to be driven by the increasing adoption of electric vehicles across the world.
Smart EV Charger Market - The market size is expected to reach USD 49.93 billion by 2029 at a CAGR of 30.19 percent during the forecast period. The market is expected to be driven by the development of high-power batteries and the development of fast charging technologies.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
