According to a new market report published by
Lucintel, the future of the global automotive turbocharger market looks promising
with opportunities in the OEM and aftermarkets. The global automotive
turbocharger market is expected to reach an estimated $19.5 billion by 2021. The
global automotive turbocharger market is forecast to grow at a CAGR of 10.1%
from 2016 to 2021. The major drivers of growth for this market are increasing
trends towards engine downsizing, stringent government emission norms for fuel
efficiency, growth of the global automotive production, and consumer concerns
about fuel efficiency.
In this market, the major segments include wastegate,
variable geometry turbocharger, and twin turbo. On the basis of its
comprehensive research, Lucintel forecasts that the twin turbo technology
segment is expected to show above average growth during the forecast period.
Within the global automotive turbocharger
market, the wastegate segment is expected to remain the largest market. There
is continuous implementation of fuel emission regulations in developing regions
and increasing awareness about fuel efficiency among customers, which leads to increased
use of this technology in commercial vehicles, which would spur growth for this
segment over the forecast period.
North America is expected to remain the
largest region due to stringent carbon emission regulations by NHTSA. These
regulations force OEMs to look for innovations to achieve engine downsizing.
Also, consumer awareness of fuel efficiency is leading to the use of
turbochargers in gasoline vehicles and increasing investment by the industry
players within the North America region.
North America
and Asia Pacific are expected to witness significant growth over the forecast
period because of rapidly increasing demand for
turbochargers in China, India, Japan, and the US.
For business expansion, Lucintel’s report
suggests innovation and new product development to produce higher power output
turbochargers with lower emission levels. The report further suggests the
development of partnerships with customers to create win-win situations and the
development of low-cost solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the development of electric turbocharger
and development of ball bearing turbocharger. BorgWarner Inc., Honeywell
International Inc., IHI Corporation, Cummins Inc., and Mitsubishi heavy
Industries are the major turbocharger supplies in the global automotive
turbocharger market. Of these, several
are seeking mergers and acquisitions as strategic initiatives to drive
growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive turbocharger market by technology, fuel type, end user,
vehicle type and region, and has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Automotive Turbocharger Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.”
This Lucintel report serves as a springboard for growth strategy, as it
provides a comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the growth opportunities in the
global automotive turbocharger market by product type, end user, vehicle type
and region, as follows:
By Technology ($ billion from 2010 to 2021):
- Wastegate
- Variable Geometry Turbocharger
- Twin Turbo
By Fuel Type ($ billion from 2010 to 2021):
- Diesel
- Gasoline
By Vehicle Types ($ billion from 2010 to 2021):
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial vehicle (HCV)
By End User ($ billion from 2010 to 2021):
- OEM
- Aftermarket
By Region ($ billion from 2010 to 2021):
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
207-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due Diligence and
Mergers & Acquisitions.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the automotive
turbocharger market by technology (Wastegate, Variable Geometry Turbocharger,
and Twin Turbo), fuel type (Diesel and Gasoline), end-user (OEM and
Aftermarket), vehicle type (Passenger Car, Light Commercial Vehicle and Heavy
Commercial Vehicle), and region (North America, Europe, Asia Pacific, and the Rest
of the World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and
why?
Q. 4. What are
the key factors affecting market dynamics? What are the drivers, challenges,
and business risks in this market?
Q. 5. What are the business risks and competitive threats in this market?
Q. 6. What are
the emerging trends in this market and reasons behind them?
Q. 7. What are
some of the changing demands of customers in the market?
Q. 8. What are
the new developments in the market? Which companies are leading these
developments?
Q. 9. Who are the
major players in this market? What strategic initiatives are key players
pursuing for business growth?
Q. 10. What are some of the competing products in this
market and how big of a threat do they pose for loss of market share by
materials / product substitution?
Q. 11. What M&A activity has occurred in the last 5
years and what has its impact been on the industry?
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