Automotive Turbochargers Market Outlook
Global Automotive Turbochargers Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Report Code :AM 1335
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Automotive Turbochargers Market Outlook Global Automotive Turbochargers Market Share(%), By Region-2016-2024
Global Automotive turbochargers Market Size USD (Billion). 2016-2024 XX XX
XX% CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX XX
Asia-Pacific
XX 2016e 2017e 2018f
2019f
2020f
2021f
2022f
2023f
2024f
Passenger Cars accounted for the highest market share XX% in Global Automotive
In 2016,
Copyright
Europe
Twin Turbo
Wastegate Technology
Global Automotive Turbochargers Market Share(%), By Vehicle Type -2016
Passenger Cars
28%
44%
28%
Electric Turbochargers
Source: Goldstein Research
North America
Europe
XX%
Variable Geometry Turbochargers
28%
9% 27%
Latin America
Global Automotive turbochargers Global Automotive turbochargers Market Share(%), By Technology Market Share (%), By Fuel Type Type-2016 -2016
35%
Middle East & Africa
2024
With share in 2016, dominated the Global Automotive Turbochargers market
Turbochargers Market
32%
30%
Source: Goldstein Research
Source: Goldstein Research
5%
11% 24%
10%24% 32% 2016 8% 26%
XX
Source: Goldstein Research
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LCV (Light Commercial vehicles)
XX%
XX% HCV (Heavy Commercial vehicles)
Source: Goldstein Research
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Gasolin e
Aftermar ket
Major Players Presence-Regional Analysis: Sample Request
Major Players/ Industries
North America
APAC
Europe
Latin America
Honeywell International Inc.
BorgWarner Inc.
Cummins Inc.
IHI Corporation
Mitsubishi Heavy Industries Ltd
Continental AG Bosch Mahle Turbo Systems
m a S
Middle East & Africa
e l p
Eaton Corporation PLC
Toyota
High Penetration Copyright
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Medium Penetration
Low Penetration
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Global Automotive Turbochargers Market Size (USD Billion) & Growth Analysis Sample Request Global Automotive Turbochargers Market Size (USD Billion)-2016-2024 XX
XX
XX
XX
XX XX
XX
XX 2016e
2017e
Source: Goldstein Research
XX
m a S
XX
XX
XX
2018
2019
2020
e l p
XX
2021
XX
2022
XX
2023
XX
2024
Global automotive turbochargers market is anticipated to expand at a
compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, Global automotive turbochargers sales increased from XXX million units in 2015 to XXX units in 2016, which is likely to reach XXX million units by 2024. Rising demand of fuel efficient vehicles is the major factor driving the growth of turbochargers vehicles. According to Goldstein's estimate there will be more than XX million vehicles equipped with turbochargers will be running on roads by 2024. Further, turbochargers' penetration in vehicles to grow from XX% in 2016 to XX% by 2024, driven largely by automakers’ focus to improve fuel economy and performance of vehicles. In 2016, XX million vehicles where produced globally, with Europe having a market share of XX%. In 2016, Europe showed the largest growth worldwide in terms of market share (XX%). While Germany is the largest vehicle manufacturer in Europe, the Czech Republic and Poland have very high growth rates within the sector. This makes entering the European automotive market a major opportunity for suppliers from developing countries. Copyright
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Global Automotive Turbochargers Market Opportunity, 2016-2024 Sample Request BIG PREDICTIONS for HEAVY DUTY VEHICLES
The truck parts aftermarket will cross the USD XX billion (manufacturer level) across the globe by 2024
Parts eCommerce will likely account for X to X% of the TRUCK AFTERMARKET by 2024
The OES (Original Equipment Service) channel will gain a market share of X to X% on the strength of its private labels and telematics penetration
Automotive Turbochargers Exports Volume (million units) in Global Automotive Turbochargers Market , 2016-2024
XXX 2016
XXX 2024
Source: Goldstein Research
• Over the next five years, the Middle East and Africa (MEA), a laggard, relatively unmotorized region, will likely see strong and consistent automobile sales growth; the biggest improvements are expected in Iran, Egypt, South Africa, and Nigeria. Along with this growth, automaker factory activity in the region will increase significantly. By 2021, nearly XX million cars will be built yearly in the MEA, an output increase of about XX percent. Copyright
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• The major turbocharger suppliers – Honeywell, BorgWarner, Mitsubishi Heavy and IHI – are looking to capitalize on the growth opportunities as other big suppliers look to make a move into the sector. • New players Bosch-Mahle and Continental are together expected to take around a XX% global market share for turbochargers by 2017. • Additionally, the
turbochargers market has witnessed
strong growth in agricultural machinery segment owing to growing sales of agricultural equipment and tractors in growing economies and Europe. • Volkswagen plans to completely replace conventional gas engines for US models with turbocharged gas and diesel powertrains over the next three or four years. • The automaker plans to replace its three remaining naturally aspirated or conventional gas engines – a fivecylinder 2.5-litre and two six-cylinder variants – with turbocharged engines. Toyota and Subaru outlined plans in November to roll out vehicles featuring downsized turbocharged engines starting in 2014. • Toyota currently has no turbocharged vehicles in its line-up, but will use these engines across its portfolio, with possible displacements between 1.0 and 1.5 litres.
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Automotive Turbo Chargers Market Outlook : 2016-2024 Sample Request Global Automotive turbochargers Market Share, By Vehicle Type, 2016-2024
Passenger Cars
24% 2016
19%
57%
27%
LCV (Light Commercial vehicles)
52%
2024 21%
The global automotive components industry generates more than USD XX billion in revenue per year in which automotive turbochargers share more than XX% of the total industry revenue. The North American market had an estimated size of more than USD XX billion in 2016.
e l p
automotive turbochargers industry hold the
Passenger
largest revenue share owing to the huge market of passenger vehicles across the globe, which is likely to grow at CAGR of XX% over the forecast period. Asia Pacific being the largest automobile Global Automotive turbochargers Market Y-O-Y Growth, By Vehicle manufacturer globally also posses Type, 2016-2024 the fastest growth rate for turbochargers industry. HCV (Heavy Commercial vehicles)
2016e
2017f
2018f
m a S 2019f
2020f
2021f
2022f
2023f
Despite all the current difficulties in the BRIC countries, the truck markets in these regions are likely to offer many opportunities and a CAGR of +XX% until 2024. Their share in the global market will increase from XX% in 2016 to XX% in 2024.
2024f
Fig: 17: Global Automotive turbochargers Market Size (USD Billion), By Vehicle Type-2016-2024 XX
XX
XX
XX
2016 Passenger Cars Copyright
XX
XX
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HCV
2024
LCV
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