"Automotive Turbocharger Market Forecast, Trend Analysis, and Competition Tracking – Global Review 2017-2022" is an extensive market study revealing vital insights on sales and demand of automotive turbocharger worldwide. The analytical study on automotive turbocharger market
provides unbiased information on all segments that impact the growth of the automotive turbocharger market. The report covers historical data, current market scenario and future projections for a period of five years. In addition, key factors influencing the growth in adoption of automotive turbocharger are also mentioned in the report.
The significance of turbocharger has surged and have become imperative to enhanced output and environmental protection, along with stringent emissions standards. For instance, Environmental Protection Agency (EPA) has decreed vehicle manufacturers to integrate vehicles with novel technologies such as turbochargers. With technology becoming synonymous with high-end performance in vehicles, turbochargers are now prevalently used by automakers globally to augment efficiency through engine downsizing.
Through the integration of a turbocharger with a downsized engine, the manufacturing companies have been able to improve fuel efficiency in both diesel and gas applications. As such, the outreach of turbochargers in gasoline engines has been instrumental in the development of automotive turbocharger market. Besides, use of smaller engine in vehicles is growing in popularity as it helps in curbing emissions efficiently.
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Technological advancements in the automotive landscape have encouraged the manufacturers to come up with latest technology such as variable nozzle in automotive turbocharger. Accordingly, Honeywell International Inc., a multinational conglomerate company based in the U.S., rolled out its sophisticated variable geometry automotive turbocharger using this technology. Moreover, the multinational conglomerate company introduced two-stage diesel engine automotive turbocharger featuring variable geometry and wastegate technology aimed at improving vehicle performance and reducing emissions.
Sales of automotive turbocharger are expected to remain concentrated in the developed countries of North America, particularly the United States. Growth of the North America automotive turbocharger market is largely fuelled by increasing preference for gasoline. Moreover, strict government regulations against emissions coupled with significant increase in sales of commercial and passenger vehicles have further pushed the demand for automotive turbocharger in the region, making it an attractive market for automotive turbocharger manufacturers. Asia Pacific excluding Japan (APEJ) is also projected to showcase high lucrativeness on the back of rising vehicle production. Presence of vehicle manufacturers in APEJ have influenced the demand and sales of automotive turbocharger. Moreover, use of automotive turbocharger in petrol engines – an upcoming trend – has significantly enhanced fuel economy in emerging countries of China and India in the APEJ region. This factor is likely to spur the demand for automotive turbocharger in the coming years.
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Penetration of Turbochargers in Gasoline Powered Vehicles to Rev up Growth of Automotive Turbochargers Market
Engine downsizing has been considered as one of the most lucrative aspects in the automotive turbochargers market. The rising popularity of engine downsizing is pushing the growth of automotive turbochargers market. The use of smaller engine in vehicles is gaining high momentum in automotive turbochargers market as it helps cutting down emissions efficiently. Engine downsizing is also believed to contribute to vehicle’s fuel efficiency as their fuel consumption ratio is minimum, thereby standing out being lucrative in automotive turbochargers market.
The report provides actionable insights on macroeconomic factors, including economic outlook, profitability of enterprises. The macroeconomic factors also offers deep dive analysis on inflation and deflation.
Automotive Turbocharger Market: Competitive Landscape
This report on automotive turbochargers market features companies operating in the automotive turbochargers market. Some of the key companies listed in this report on automotive turbochargers market include IHI Corporation, Continental AG., Robert Bosch Limited, BorgWarner Inc., Honeywell International Inc., Turbo Energy Private Limited, Mitsubishi Heavy Industries Ltd., Eaton Corporation PLC, Rotomaster International, Precision Turbo & Engine Inc., Turbonetics Inc., and THE TURBO ENGINEERS GmbH.
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Rising Strides for Emission Control to be in Favor of Automotive Turbochargers Market
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