Turbocharger Market By Technology (Wastegate technology, Variable geometry technology), By Fuel Type (Gasoline, Diesel), By End User (OEM, After Market), Industry trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 154

 ERC 9406

Turbocharger Market was valued at $10.2 billion in 2016, and is projected to reach $24.04 billion by 2024, having a CAGR of 11.6% during the forecast period of 2017 to 2024.In 2016, the diesel turbocharger segment held the highest revenue share of nearly 57% of the global turbocharger market share.

Turbocharger also called as turbo, is a turbine driven forced induction machine that is highly efficient in improving the internal combustion, efficiency and power output of an engine by adding additional air into the combustion chamber. This improvisation is highly efficient because the turbine can force more air, and thus respectively more fuel, into the combustion chamber than atmospheric pressure alone. Turbocharger is power-driven by a turbine which is driven by the engine's exhaust gases. In other words, turbocharger utilizes the pressure energy of the exhaust gases and transforms it into kinetic energy to drive the turbines of turbocharger. There are various types of turbochargers such as waste gated turbocharger, variable geometry turbocharger, twin turbocharger and various others. Turbochargers are capable of working for both gasoline and diesel engines and can considerably boost an engine's horsepower without increasing its weight, which emerges out as a huge benefit that makes turbochargers prominent. Turbocharger are capable enough of increasing the power output of an engine while persisting in the extreme operating conditions.

Market Determinants

Enhanced engine economization and improved engine performance are some major advantages of the turbochargers which have emerged out as the key driving agents for the growth of the turbocharger market. In addition to this, the application of turbochargers for conventional IC engines helps in complete fuel combustion reducing harmful emissions which can severely degrade the environment. However, complex installation process of turbochargers and overheating of engine might act as some major restraining factors for the market .In addition to this, inclination towards electric vehicles or (BEVs) is promoting the auto industry in their shift from combustion engines to electricity powered vehicles which will eventually hinder the growth of turbocharger market. On the other hand, surging demand for fuel efficient gasoline engines will bring future growth opportunities for the very industry.

 

TURBOCHARGER MARKET DETERMINANTS – IMPACT ANALYSIS (2016 – 2024)

Turbocharger Market

Segment Analysis

The global turbocharger market is categorized on the basis of technology, fuel type, application, end user, industry vertical and geography. By technology, the market segmentation is done as twin turbo technology, waste gate technology and variable geometry technology. By fuel type, the market is segmented into gasoline and diesel. By end-user, the market is segmented into OEM and After Market. On the basis of application, the segmentation of the market is done on the basis of light commercial vehicles, heavy commercial vehicles, ships & aircraft and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of World. Twin turbo technology has emerged out as the most adopted technology for turbochargers, holding more than 40% of the overall market. Geographically, Europe is the current leading market in terms of turbochargers, as a result of being the largest automobile manufacturing market. According to International Council of Clean Transportation (ICCT), Germany holds 24% share of the overall European passenger vehicle market.
Some major market players are Bosch mahle turbo systems GmbH & Co. KG, Precision Turbo and Engine, Borgwarner, Inc., IHI corporation, Rotomaster International, Mitsubishi Heavy Industries, Ltd., Continental AG, Cummins, Inc., Eaton Corporation and Honeywell international.

TURBOCHARGER MARKET BY TECHNOLOGY, REVENUE

 Turbocharger Market

TURBOCHARGER MARKET SEGMENTATION

By Technology
   • Wastegate technology
   • Variable geometry technology

By Fuel Type
   • Gasoline
   • Diesel

By End User
   • OEM
   • After Market

By Application
   • Light Commercial Vehicles
   • Heavy Commercial Vehicles
   • Ships & Aircraft
   • Heavy Duty Vehicles
   • Locomotive

By Industry Verticals
   • Aerospace & Defense
   • Automotive
   • Marine
   • Agriculture & Construction

TURBOCHARGER MARKET KEY PLAYERS

• Bosch mahle turbo systems GmbH & Co. KG
• Precision Turbo and Engine
• Borgwarner, Inc.
• IHI corporation
• Rotomaster International
• Mitsubishi Heavy Industries, Ltd.
• Continental AG
• Cummins Inc.
• Eaton Corporation
• Honeywell International, Inc.

 

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    What Information does this report contain?

    • What was the market size of the Turbocharger Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions, and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Turbocharger Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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