Global Automotive Turbocharger Market Projected to Reach USD 12.4 Billion by 2024

Posted on 2018-08-06 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Aug-06 — /EPR Network/ —According to Goldstein Research, global automotive turbocharger market size is expected to reach USD 12.4 billion by 2024 from an estimated market size of USD 7.3 billion in 2015, growing at a CAGR of 6.8% during the forecast period (2016-2024). Further, Global automotive turbocharger market segmentation has been done on the basis of technology, vehicles, fuel, end user and geography.

Geographically, global automotive turbocharger industry is dominated by Europe region, with 74.0% penetration of turbochargers equipped vehicles in 2016. Europe is followed by North America. Whereas, Asia Pacific region is forecast to grow at fastest CAGR, where China holds the largest market share in 2016 and expected to continue its dominance over the forecast period.

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Market Segmentation

Global Automotive Turbocharger Market can be segmented as follows:

By Technology Type

Variable Geometry Turbochargers
Twin Turbo
Wastegate Technology

By Vehicles Type

Light Commercial Vehicles (LCV)
Heavy Commercial vehicles (HCV)
Passenger Cars

By Fuel Type

Diesel
Gasoline

By End-User

Manufacturers (OEMs)
Aftermarket

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By Region

North America
Europe
The Middle East and Africa
Latin America Asia Pacific
Rest of the World

“Global Automotive Turbocharger Industry Outlook 2024” contains a detailed overview of the global automotive turbocharger market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, vehicles, fuel and end user.

The key players of Global Automotive Turbocharger Market Report are:

Honeywell International Inc.
BorgWarner Inc.
Cummins Inc.
IHI Corporation
Mitsubishi Heavy Industries Ltd
Continental AG
Bosch Mahle Turbo Systems
Rotomaster Inc
Turbo Energy PVT LTD
Eaton Corporation PLC

Further, the report encompasses the list of major players and manufacturers along with the financial statement analysis, business strategies, investments, revenue and geographical analysis. The report also includes the data of Volume (Units) and production in value (USD Billion). SWOT & PESTLE Analysis provides a comprehensive analysis of the target and potential markets. The report also covers the top five growing and matured markets which help the clients to assess their business goals. And detailed analysis of market trends & opportunities for the existing and new entrants in the market.

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Our analysts working on automotive industry market research to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.