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Global Automotive Turbocharger Market By Vehicle Type (Passenger Car, Commercial Vehicle), By Fuel Type (Diesel, Gasoline, Others), By Application(Agricultural Tractors, Constructional Equipment), By Region–Forecast & Opportunities to 2026

The global automotive turbocharger market accounted for USD 14.7 billion in 2019. Automotive turbocharger market projected to register growth at a CAGR of 6.8% during forecast period.

COVID-19 has impacted automobile sector significantly. This sector is experiencing decline since beginning of 2019. In the late 2019 it was hit by global pandemic which has made the market situation really bad for automobile sector. Due to spread of corona virus the government across the world has imposed lockdown within the country, travel was restricted and international boarders were of closed. This has resulted in disruption of export & import and shutdown of manufacturing units temporarily. The growth of turbochargers is directly proportional with vehicle sales and production. There is a decline of 5% from 2018-2019. Thus, turbochargers will witness a significant growth during forecast period due to COVID-19.

Definition:

Turbochargers are used in internal combustion engines (ICE). It is used to improve performance of ICE by increasing air intake amount in the combustion chamber with the aid of ejected burnt air. For the purpose of large power generation extra fuel is required and to burn this fuel extra air is required, ultimately this decreases efficiency of engine but turbochargers are used to enhance the efficiency of engine by supplying compressed air.

Market Dynamics (Drivers/Opportunities):

The increasing pollution is a major concern of many regions around the world. The governments across the globe are adopting various initiatives in order to control the pollution. The emission is a major cause of pollution and there stringent rules and regulation have been made by government to control the pollution. Turbocharger is a great solution to reduce pollution and the use of turbocharger is increasing thus, drives growth in this market during forecast period.

The dependency on non renewable energy sources is very large. The governments across the world are looking to reduce this dependency. Turbocharger help in reducing fuel consumption for the same output. It helps in improving fuel efficiency. The demand for turbochargers is increasing, which drives growth in this segment during forecast period.

Market Insights, by Vehicle Type

On the basis of vehicle type, the automotive turbochargers market is segmented into passenger vehicle, light commercial vehicle and heavy commercial vehicle. The passenger vehicle segment in turbocharger has XX% of total market share around the world. The fuel cell technology is gaining immense popularity as it helps in enhancing efficiency of power generation by delivering clean air into the fuel cell batteries.

The heavy commercial vehicles segment is estimated to grow at a CAGR of XX% during the forecast period. Heavy commercial vehicles have high scope in turbochargers aftermarket. The turbochargers used in heavy commercial vehicle have higher replacement rate as they suffer extreme conditions. These turbochargers are gradually shifting towards gasoline from diesel because of strict emission rules. This drives growth in heavy commercials vehicle segment.

Market Insights, by Fuel Type

On the basis of fuel type, the automotive turbochargers market is segmented into diesel, gasoline and others. The gasoline fuel type segment accounted for XX% of market share in 2019. This segment is estimated to register highest growth a CAGR of XX% during forecast period. The adoption of turbocharged gasoline direct injection in various gasoline engines is increasing. Various OEMs are also adopting gasoline engines for meeting emission norms set by government to reduce emission of exhaust gas.

Market Insights, by Application

On the basis of application, the automotive turbochargers market is segmented into agricultural tractors and constructional equipment. The agricultural tractors segment is estimated to register growth at highest CAGR during forecast period. Turbochargers are majorly installed in high HP tractors are but low HP tractors doesn’t have turbochargers. Thus, drives growth in agricultural tractors market.

Regional Insights

Europe region accounted for XX% of market share in 2019. Europe region is considered to be the hub for automotive sector. Countries such as Germany, Spain and Italy are hub for various top companies in automobile sector. Despite hit by COVID-19 the Europe region is likely to witness growth during forecast period.

Asia-Pacific region is projected to witness growth at a CAGR of XX% during forecast period. The automotive sector in Asia-Pacific region is a fast developing market. Many companies are establishing their production plants in countries like India, South East Asian countries and China. The production levels are rising in this region. However Covid-19 has negatively impacted the automotive industry but it will recover and witness growth during forecast period.

Key Companies & Market Share Insights

The key market players in automotive turbochargers are BorgWarner, MHI, IHI, Continental, Honeywell, Cummins, Bosch Mahle, TEL, ABB, Rotomaster International, Delphi Technologies, Precision Turbo & Engines INC, Turbonetics, Kompressorenabu Bannewitz, Turbo International, Turbo Dynamic Ltd, Fuyuan Turbocharger, Hunan Tyen Machinery and Ningbo Motor Industrial.

Segments Covered in the Report

This report forecasts The Global Automotive Turbocharger, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global automotive turbocharger market report on the basis of vehicle type, fuel type, and application.

Automotive Turbocharger Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Turbocharger Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  1. Automotive Turbocharger Market, By Fuel Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Diesel
  • Gasoline
  • Others
  1. Automotive Turbocharger Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Agricultural Tractors
  • Constructional Equipment
  1. Automotive Turbocharger Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Vehicle Type
    • By Fuel Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Vehicle Type
      • By Fuel Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Vehicle Type
        • By Fuel Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Vehicle Type
          • By Fuel Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Vehicle Type
            • By Fuel Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Ningbo Motor Industrial
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • BorgWarner
    • MHI
    • IHI
    • Continental
    • Honeywell
    • Cummins
    • Bosch Mahle
    • TEL
    • ABB
    • Rotomaster International
    • Delphi Technologies
    • Precision Turbo & Engines Inc
    • Turbonetics
    • Kompressorenabu Bannewitz
    • Turbo International
    • Turbo Dynamic Ltd
    • Fuyuan Turbocharger
    • Hunan Tyen Machinery
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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