of 10

Automotive Twin Turbocharger Market to exceed USD 7 billion by 2024

More Information @ Rising demand for turbocharging technologies from the OEMs to deliver enhanced and fuel-efficient vehicles will primarily drive the industry growth.
3 views10 pages
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Documenttranscript
Title: Automotive Twin Turbocharger Market to exceed USD 7 billion by 2024 1 Automotive Turbocharger Market Trends, Growth Forecast, 2017 - 2024 2 Key Insights from Automotive Turbocharger Market
  • Rising product demand from OEMs to offer light weight and fuel-efficient vehicles coupled with stringent regulations regarding CO2 emissions will primarily drive the industry over the forecast timeframe. Industry participants are focusing towards controlling these emissions and offering enhanced driving experience.
  • VGT turbochargers will grow rapidly, exhibiting more than 8 CAGR from 2017 to 2024. These turbochargers are responsible for precise controlling of NOx and particulate emissions. Moreover, shifting preference can be credited to the provision of multiple benefits such as increasing the engine efficiency, reduction in lag time, and cost effectiveness than the counterparts. Twin turbo will be valued at around USD 7 billion till 2024 owing to its advantages such as superior acceleration and power.
  • Electric turbocharger is another innovation, featured with an electric motor and an exhaust gas driven turbine and delivers fast response and high boost pressure. These advancements are likely to offer stable growth prospects for the industry participants.
  • 3 Continued...
  • Automotive turbocharger market from PCVs are likely to capture highest revenue share, surpassing 60 by the end of 2024. Rising production of these vehicles across the globe, especially in developing countries of Asia Pacific will fuel the industry growth. Rising consumer demand for minimal loss in fuel efficiency and high-power output will further strengthen the product penetration.
  • Diesel will capture maximum volume share of over 60 by the end of 2024 owing to high production of vehicles with diesel across the globe. These vehicles have low efficiency and are responsible for more CO2 emissions. This has resulted in high demand of turbochargers, accelerating the industry demand.
  • OEMs accounts for 90 automotive turbocharger market share in 2016. Increasing penetration of the system among the auto manufacturers offering superior efficiency along with offering reduced vehicle weight will boost the business demand. Increasing global vehicle production along with stringent engine emission norms will contribute significantly towards the volume share.
  • 4 Latest Research Report On Automotive Turbocharger Market _at_ https//www.gminsights.com/industry-analy sis/automotive-turbocharger-market Request for a sample of this research report _at_ https//www.gminsights.com/request-sample/detail /2463 5 U.S. Automotive Turbocharger Market, By System, 2016 2024, (Thousand Units) 6 Major Companies in Automotive Turbocharger Market
  • Weifang Fuyuan
  • Federal-Mogul
  • Linamar
  • IHI Corporation
  • Honeywell
  • Mitsubishi Heavy Industries
  • Montupet
  • Cummins Turbo Technologies
  • BorgWarner
  • 7 Industry Coverage 8 Regional Insights in Automotive Turbocharger Market
  • Europe driven by Germany, UK, France and Italy holds the major volume share and is estimated to continue its dominance over the study timeframe. This can be attributed to strict emission norms together with presence of major manufacturers.
  • Asia Pacific automotive turbocharger market will pose over 8 CAGR between 2017 and 2024 owing to increasing demand from nations such as Japan, China, South Korea, and India.
  • 9 Stay In Touch Website www.gminsights.com Soci al Media
    We Need Your Support
    Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

    Thanks to everyone for your continued support.

    No, Thanks
    SAVE OUR EARTH

    We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

    More details...

    Sign Now!

    We are very appreciated for your Prompt Action!

    x