DUBLIN--(BUSINESS WIRE)--Aug 1, 2018--The “Global Turbo Charger Market - Analysis of Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
Many car manufacturers consider turbochargers to be a viable option to keep fossil fuel engines cleaner, thus, increasing the share of turbocharged vehicles every year. At the current pace, about half of the cars rolling out of production are expected to be turbocharged by 2022; thereby, influencing the automakers and the tier 1 suppliers to introduce more technologically advanced products. The market for turbochargers is estimated to reach USD 10 billion by 2018.
Automotive emission regulation is the major factor that is fuelling the introduction of cleaner and low-emission vehicles among automakers. Turbocharger is the component that is forcing the car industry to make engines compliant to the stringent emission standards. The emission regulation authorities, who focus on cutting down the CO2 emission, are replacing existing naturally aspirated engines with turbocharged engines.
The electric vehicles, which were considered as an impractical alternative to the fossil fuel engines, are witnessing a global demand. The growing electric vehicle industry is a great threat to the fossil fuel-based power generators and the dependent automotive turbochargers market.
Emission Regulation is the major factor, which is driving the turbocharger market. Though most of the countries are concerned about the environmental effects of the automotive emissions, regions like Europe and North America are focusing on emission regulations.
Companies MentionedBorgWarner Inc. Continental AG Cummins Inc. Delphi Technologies Honeywell International Inc. Magnum Performance Turbos Mitsubishi Heavy Industries LTD. Precision Turbo and Engine IHI Turbo America
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview and Trends
5. Market Dynamics
6. Global Automotive Turbocharger Market, By Engine Type
7. Global Automotive Turbocharger Market, By End Consumers
8. Global Automotive Turbocharger Market, By Vehicle Type
9. Global Automotive Turbocharger Market, By Geography
10. Competitive Landscape
11. Key Vendor Analysis
12. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/7jh956/global_turbo?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005718/en/
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Related Topics:Engines and Engine Parts
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/01/2018 11:57 AM/DISC: 08/01/2018 11:57 AM