Market Overview:
The global Fine Turbochargers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, rising awareness about fuel efficiency, and stringent emission norms across the globe. The diesel engine turbocharger segment is expected to hold a major share of the global Fine Turbochargers market during the forecast period. This can be attributed to their high efficiency and ability to provide more power with lesser emissions as compared to gasoline engines. The Asia Pacific region is expected to dominate the global Fine Turbochargers market during the forecast period owing to factors such as rapid industrialization and growing demand for passenger cars and commercial vehicles in countries such as China and India.
Product Definition:
A fine turbocharger is a small, high-speed turbine used to increase the power and efficiency of an internal combustion engine. They are often used in diesel engines to improve performance and fuel economy.
Diesel Engine Turbocharger:
Diesel engine turbocharger is a device that aids in increasing the power of diesel engines by reducing exhaust gas recirculation. In simple words, it helps to make more power from same amount of fuel with fewer emissions at all RPM levels. The product also provides increased fuel economy and reduced carbon footprint at the same time.
Gasoline Engine Turbocharger:
A gasoline engine turbocharger is a device, which is used to increase the power of internal combustion engines by reducing exhaust gas recirculation. It does this by spinning the turbine wheel at a high speed. The faster the turbine wheel spin, the more air it will be able to intake and burn for fuel and thus increasing power output of an engine.
Application Insights:
On-highway application dominated the global fine turbochargers market in terms of revenue share in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for passenger cars and light commercial vehicles from various end-use industries such as automotive, construction, and logistics. In addition, stringent government regulations regarding pollution levels are expected to boost product demand off-highway as well.
The agricultural tractors segment accounted for a significant share in 2017 owing to high diesel engine power requirements for tilling soil with large farmlands across different parts of the world including Europe, North America, Latin America among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for diesel engines in China and India. Asia Pacific accounted for a share of more than 30% of global fine turbochargers market in 2017 owing to high demand from countries such as China, India, and Japan. Moreover, rising automotive production due to rapid urbanization will drive product demand further over the next eight years.
Europe is estimated to account for a significant revenue share by 2030 owing to stringent emission norms enforced by governments across Europe Union countries that are likely drive product adoption across various application segments including passenger cars and heavy commercial vehicles (HCVs). North America region is also projected gain considerable traction over the coming years on account of growing fuel efficiency standards coupled with government regulations pertaining air quality issues associated with gasoline fueled engines which have led manufacturers in this region adopt diesel engine based turbochargers as an alternative solution thereby boosting overall industry growth during the forecast period.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fine turbochargers is expected to grow at a CAGR of more than 7% from 2016 to 2020, owing to the increasing demand for fuel-efficient vehicles.
- Stringent emission norms: Stringent emission norms across the globe are compelling automakers to equip their vehicles with advanced technologies such as fine turbochargers, which help in reducing emissions.
- Rising popularity of diesel cars: The popularity of diesel cars is rising globally due to their better fuel efficiency as compared to gasoline cars. This is expected to boost the demand for fine turbochargers in the coming years.
- Growing automotive industry: The global automotive industry is growing rapidly and this is anticipated to drive the growth of the market for fine turbochargers during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fine Turbochargers Market Research Report
By Type
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
By Application
On-Highway (Passenger Car, LCV, HCV), Off-Highway (Agricultural Tractors, Construction Vehicles)
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Cummins China, BorgWarner China, Honeywell China, IHI China, MHI China, Hunan Tyen, Kangyue, Weifu Tianli, Weifang Fuyuan, Shenlong, Weifang Movgoo, Okiya Group, Zhejiang Rongfa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Fine Turbochargers Market Report Segments:
The global Fine Turbochargers market is segmented on the basis of:
Types
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
On-Highway (Passenger Car, LCV, HCV), Off-Highway (Agricultural Tractors, Construction Vehicles)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- BorgWarner
- MHI
- IHI
- Cummins
- Bosch Mahle
- Continental
- Cummins China
- BorgWarner China
- Honeywell China
- IHI China
- MHI China
- Hunan Tyen
- Kangyue
- Weifu Tianli
- Weifang Fuyuan
- Shenlong
- Weifang Movgoo
- Okiya Group
- Zhejiang Rongfa
Highlights of The Fine Turbochargers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Engine Turbocharger
- Gasoline Engine Turbocharger
- New Energy Engine Turbocharger
- By Application:
- On-Highway (Passenger Car, LCV, HCV)
- Off-Highway (Agricultural Tractors, Construction Vehicles)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fine Turbochargers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fine turbochargers are a type of turbocharger that uses smaller turbine blades to increase the air flow and improve fuel economy. Fine turbos also have a higher compression ratio, which allows them to use less fuel to produce the same amount of power.
Some of the key players operating in the fine turbochargers market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Cummins China, BorgWarner China, Honeywell China, IHI China, MHI China, Hunan Tyen, Kangyue, Weifu Tianli, Weifang Fuyuan, Shenlong, Weifang Movgoo, Okiya Group, Zhejiang Rongfa.
The fine turbochargers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fine Turbochargers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fine Turbochargers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fine Turbochargers Market - Supply Chain
4.5. Global Fine Turbochargers Market Forecast
4.5.1. Fine Turbochargers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fine Turbochargers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fine Turbochargers Market Absolute $ Opportunity
5. Global Fine Turbochargers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fine Turbochargers Market Size and Volume Forecast by Type
5.3.1. Diesel Engine Turbocharger
5.3.2. Gasoline Engine Turbocharger
5.3.3. New Energy Engine Turbocharger
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fine Turbochargers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fine Turbochargers Market Size and Volume Forecast by Application
6.3.1. On-Highway (Passenger Car, LCV, HCV)
6.3.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fine Turbochargers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fine Turbochargers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fine Turbochargers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fine Turbochargers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fine Turbochargers Demand Share Forecast, 2019-2026
9. North America Fine Turbochargers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fine Turbochargers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fine Turbochargers Market Size and Volume Forecast by Application
9.4.1. On-Highway (Passenger Car, LCV, HCV)
9.4.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fine Turbochargers Market Size and Volume Forecast by Type
9.7.1. Diesel Engine Turbocharger
9.7.2. Gasoline Engine Turbocharger
9.7.3. New Energy Engine Turbocharger
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fine Turbochargers Demand Share Forecast, 2019-2026
10. Latin America Fine Turbochargers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fine Turbochargers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fine Turbochargers Market Size and Volume Forecast by Application
10.4.1. On-Highway (Passenger Car, LCV, HCV)
10.4.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fine Turbochargers Market Size and Volume Forecast by Type
10.7.1. Diesel Engine Turbocharger
10.7.2. Gasoline Engine Turbocharger
10.7.3. New Energy Engine Turbocharger
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fine Turbochargers Demand Share Forecast, 2019-2026
11. Europe Fine Turbochargers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fine Turbochargers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fine Turbochargers Market Size and Volume Forecast by Application
11.4.1. On-Highway (Passenger Car, LCV, HCV)
11.4.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fine Turbochargers Market Size and Volume Forecast by Type
11.7.1. Diesel Engine Turbocharger
11.7.2. Gasoline Engine Turbocharger
11.7.3. New Energy Engine Turbochargr
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fine Turbochargers Demand Share, 2019-2026
12. Asia Pacific Fine Turbochargers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fine Turbochargers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fine Turbochargers Market Size and Volume Forecast by Application
12.4.1. On-Highway (Passenger Car, LCV, HCV)
12.4.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fine Turbochargers Market Size and Volume Forecast by Type
12.7.1. Diesel Engine Turbocharger
12.7.2. Gasoline Engine Turbocharger
12.7.3. New Energy Engine Turbocharger
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fine Turbochargers Demand Share, 2019-2026
13. Middle East & Africa Fine Turbochargers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fine Turbochargers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fine Turbochargers Market Size and Volume Forecast by Application
13.4.1. On-Highway (Passenger Car, LCV, HCV)
13.4.2. Off-Highway (Agricultural Tractors, Construction Vehicles)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fine Turbochargers Market Size and Volume Forecast by Type
13.7.1. Diesel Engine Turbocharger
13.7.2. Gasoline Engine Turbocharger
13.7.3. New Energy Engine Turbocharger
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fine Turbochargers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fine Turbochargers Market: Market Share Analysis
14.2. Fine Turbochargers Distributors and Customers
14.3. Fine Turbochargers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BorgWarner
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MHI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cummins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch Mahle
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Continental
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cummins China
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BorgWarner China
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell China
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. IHI China
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MHI China
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hunan Tyen
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kangyue
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Weifu Tianli
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Weifang Fuyuan
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shenlong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Weifang Movgoo
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Okiya Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zhejiang Rongfa
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook