The turbocharger market is estimated to reach $18.1 Billion by 2019, with a projected CAGR of 10.12%, indicating the potential of fuel-efficient technologies.
Pune, India -- (SBWIRE) -- 09/02/2015 -- The report "Turbocharger Market by Vehicle Type (Passenger car, LCV & HCV), Fuel Type (Diesel & Gasoline), Technology (VGT/VNT, Wastegate & Twin-turbo), & Region - Industry Trends & Forecasts to 2019" defines and segments the global turbocharger market with analysis and forecastof the market size in terms of volume and value.
Browse 101 market tables and 36 figures spread through 278 page sand in-depth TOC on"Turbocharger Market - Industry Trends & Forecasts to 2019".
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Engine downsizing is the future
Due to a rise in the global fuel prices, OEMs are striving to appeal to the customers by making their vehicles more economical. Along with this, the focus is also on reducing the harmful emissions from the vehicles which is regulated by various government bodies across the globe. To make their automobiles more efficient and greener, the automobile manufacturers have started to adopt the engine downsizing strategy. Engine downsizing refers to reducing the displacement of the engines without compromising its performance. With engine downsizing,the automobile manufacturers can reduce the number of cylinders of an engine without sacrificing the performance by using turbochargers. This enables them to use a V6 engine which can perform as good as a V8 with lesser fuel consumption. In the coming years, drop in displacement or number of cylinders in engines is anticipated with the usage of turbocharger, which help in enhancing the vehicles' fuel efficiency and controls the exhaust emission levels.
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Market Potential: North America
As compared to Europe and Asia-Oceania, the penetration of turbochargers in North America is low. However, regulations such as Corporate Average Fuel Economy (CAFE) standards which specify fuel economy norms and Environment Protection Agency (EPA) standards which specify the permissible limits of emission of gases such as CO and NOxare being implemented. This has resulted in automobile manufacturers in the region in adopting fuel efficient technologies to comply with the norms. Major OEMs such as GM and Ford have developed downsized engines with the use of turbochargers. With the automobile production estimated to grow, the demand for turbocharger for diesel as well as gasoline applications is also projected to grow in the next five years.
The report encompasses the turbocharger market size in terms of volume ('000 units) and value ($million) across regions such as Asia-Oceania, Europe, North America and Rest of the World (RoW). It explains the qualitative and quantitative aspects of turbochargers with respect to technology, engine downsizing trend, and emissions and fuel economy norms. Apart from regional segmentation, the report also covers the turbocharger market segmented by vehicle type, fuel type, and technology.
This report also shows an overview of the technical as well as other important aspects of the turbochargers. It includes the value chain, Porter's five forces analysis, competitive landscape, and company profiles of the major players in the market for turbochargers.
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