Automotive Turbochargers Market Size, Analysis, and Forecast Report: 2014-2020
A turbocharger is a type of forced induction system that utilises energy of exhaust gases from the engines via a turbine. This helps in the induction of an ample volume of air into combustion chamber. The power output of the engine can be enhanced by increasing the volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It utilises the energy of exhaust gases from the engine to compress the inlet air and feed it into the engine to create a better air to fuel ratio. Turbochargers are considered one of the most important automotive accessories in today’s time not only to boost acceleration, but to increase the efficiency of the engines in terms of power and output.
A turbocharger is a type of forced induction system that utilises energy of exhaust gases from the engines via a turbine. This helps in the induction of an ample volume of air into combustion chamber. The power output of the engine can be enhanced by increasing the volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It utilises the energy of exhaust gases from the engine to compress the inlet air and feed it into the engine to create a better air to fuel ratio. Turbochargers are considered one of the most important automotive accessories in today’s time not only to boost acceleration, but to increase the efficiency of the engines in terms of power and output.
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Global <strong>Automotive</strong><br />
<strong>Turbochargers</strong> <strong>Market</strong><br />
Future <strong>Market</strong> Insights<br />
Share, Global Trends,<br />
<strong>Analysis</strong>, Research, <strong>Report</strong>,<br />
Opportunities,<br />
Segmentation <strong>and</strong><br />
<strong>Forecast</strong>,<br />
<strong>2014</strong><br />
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<strong>Report</strong> Description<br />
A turbocharger is a type of forced induction system that utilises energy of exhaust gases<br />
from the engines via a turbine. This helps in the induction of an ample volume of air into<br />
combustion chamber. The power output of the engine can be enhanced by increasing the<br />
volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It<br />
utilises the energy of exhaust gases from the engine to compress the inlet air <strong>and</strong> feed it<br />
into the engine to create a better air to fuel ratio. <strong>Turbochargers</strong> are considered one of<br />
the most important automotive accessories in today’s time not only to boost<br />
acceleration, but to increase the efficiency of the engines in terms of power <strong>and</strong> output.<br />
<strong>Turbochargers</strong> are useful in helping the automotive industryto meet the norms <strong>and</strong><br />
st<strong>and</strong>ards regarding the emission of exhaust gasses such as CO2, nitrous oxide, <strong>and</strong><br />
particulate materials from the automobile. Augmentation of the engine with a<br />
turbocharger helps in addressing the increasing dem<strong>and</strong> for fuel-efficient vehicles from<br />
consumers.<br />
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The global turbocharger market is expected to grow approximately twofold from <strong>2014</strong> to<br />
<strong>2020</strong>. The global market for turbochargers is growing at a CAGR of around 10-12%. The<br />
European market comm<strong>and</strong>s nearly half of the turbocharger market, followed by Asia <strong>and</strong><br />
North America. The penetration rate of turbochargers in the North American vehicular<br />
fleet is comparatively less thanin other regions. The global market has been witnessing an<br />
increase in dem<strong>and</strong> from Asia Pacific, whereas the European market is expected to exhibit
<strong>Report</strong> Description<br />
sluggish growth due to low automotive dem<strong>and</strong> <strong>and</strong> stagnant economic conditions.<br />
The global turbocharger market can be segmented on the basis of vehicle types such as<br />
light commercial vehicles (LCV), heavy commercial vehicles (HCV) <strong>and</strong> passenger vehicles<br />
(PV). Currently, the PV segment is the largest contributor to the market. In future, the PV<br />
segment is expected to continue its dominance in the global market, due to increasing<br />
production <strong>and</strong> dem<strong>and</strong>. The CV segment is expected to register a higher growth rate due<br />
their longer service life <strong>and</strong> higher commercial usage.<br />
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The global turbochargers market can also be segmented by technology such asvariable<br />
geometry technology (also known as varable nozzle turbine), wastegate technology, <strong>and</strong><br />
twin turbo. On the basis of the fuel type, the turbocharger market is segmented into diesel<br />
<strong>and</strong> gasoline turbo.<br />
Overall the diesel turbocharger segment is expected to grow at a higher rate compared to<br />
gasolineas turbochargers have high adoption rates in diesel engines.<br />
However, with advancements in technology the gasoline turbochargers are estimated to<br />
grow at a promising rate in the future.<br />
Major players of the turbochargers market include BorgwarnerInc., Honeywell<br />
International Inc., Mitsubishi Heavy Industries Ltd, IHI Corporation, Continental AG, <strong>and</strong><br />
Cummins Inc. to name a few. These companies are trying to introduce new technology in<br />
the market through innovation <strong>and</strong> new product development. Apart from this, they are
<strong>Report</strong> Description<br />
taking initiatives to engage themselves in partnerships <strong>and</strong> alliances in order to exp<strong>and</strong><br />
their business in emerging markets such as India <strong>and</strong> China.<br />
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The preference of fuel-efficient vehicles, the downsizing initiatives of engines by<br />
automakers <strong>and</strong> the growth of the automotive production in Asian region are major<br />
drivers for turbochargers market.
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