Market Overview:
The global forged compressor wheels 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 vehicles and commercial vehicles across the globe. Additionally, rising awareness about fuel efficiency and emissions is also propelling the demand for forged compressor wheels in the automotive industry. The global forged compressor wheels market by type is segmented into 20-40 mm, 40-60 mm, and >60 mm segments. The >60 mm segment is expected to grow at a higher CAGR during the forecast period as compared to other segments due to increasing demand for high performance engines in passenger cars and commercial vehicles. The global forged compressor wheels market by application is segmented into passenger vehicle and commercial vehicle applications.
Product Definition:
A forged compressor wheel is a type of turbine wheel that has been manufactured through the process of forging. This type of manufacturing process results in a higher quality product that is stronger and more durable than those that are made through other methods. Forged compressor wheels are often used in turbochargers and other applications where high performance and reliability are critical factors.
20-40 mm:
20-40 mm is the measurement of width and thickness of forged compressor wheels. 20-40 mm forged compressor wheel has a diameter between 20 to 40 millimeters, which is used in gas turbines, reciprocating engines and centrifugal pumps. The growth factor for 20-40 mm forged compressor wheel market size was valued at USD 648 million in 2016.
40-60 mm:
40-60 mm is the standard size of compressor wheels and it's used in forged compressor wheels market. The 40-60 mm size of wheel has a major share in the global forged compressor wheel market. It’s also known as “standard” or “traditional” because it was used before any other sizes were introduced.
The 40-60 mm size is a perfect balance between hub depth.
Application Insights:
The commercial vehicle segment dominated the global forged compressor wheels market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand for trucks and other types of vehicles on account of rapid urbanization, especially in developing countries such as India and China. In addition, stringent regulations regarding air pollution are encouraging manufacturers to adopt fuel-efficient technologies that reduce overall vehicle weight. This is likely to result in increased utilization of forged compressor wheels over cast iron units due to lesser weight and improved performance characteristics as compared with its counterparts across various applications including residential & commercial construction, mining & quarrying equipment manufacturing among others.
Regional Analysis:
Asia Pacific forged compressor wheels market is anticipated to witness significant growth over the forecast period owing to increasing demand from automotive, industrial and agricultural applications. The region accounted for a share of more than 50% in terms of volume in 2017. This can be attributed to presence of key automobile manufacturers such as Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation and Hyundai Motor Company in the region.
The Asia Pacific regional market is also expected to grow at a CAGR exceeding 6% during the forecast period on account of rapid expansion of end-use industries such as food & beverage, healthcare & medical, construction and transportation sector mainly due to growing population coupled with rising disposable income levels which will result into increased demand for passenger cars and commercial vehicles among others.
Growth Factors:
- Increasing demand for energy efficient compressors
- Rising industrialization and urbanization in developing countries
- Technological advancements in compressor wheel manufacturing process
- Growing popularity of Forged Compressor Wheels among OEMs and end users
- Stringent environmental regulations to promote the use of energy-efficient equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Forged Compressor Wheels Market Research Report
By Type
20-40 mm, 40-60 mm, >60 mm
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
ABI Showatech Private, BOOSTER Precision Components, BorgWarner, Changzhou E & E Turbo Power, Doncasters Group, E&E Turbo, GARRETT MOTION, Jiangyin Uni-Pol Vacuum Casting India, Melett North America, Nelcon Motor Company, ABI Showatech Private, Pacifica Power Sdn Bhd, PHESSIO TURBO, TurboSystems, Turbotech Precision Products, UACJ Corporation, UNI-POL CHINA, Wabtec Corporation
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Forged Compressor Wheels Market Report Segments:
The global Forged Compressor Wheels market is segmented on the basis of:
Types
20-40 mm, 40-60 mm, >60 mm
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
Passenger Vehicle, Commercial Vehicle
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:
- ABI Showatech Private
- BOOSTER Precision Components
- BorgWarner
- Changzhou E & E Turbo Power
- Doncasters Group
- E&E Turbo
- GARRETT MOTION
- Jiangyin Uni-Pol Vacuum Casting India
- Melett North America
- Nelcon Motor Company
- ABI Showatech Private
- Pacifica Power Sdn Bhd
- PHESSIO TURBO
- TurboSystems
- Turbotech Precision Products
- UACJ Corporation
- UNI-POL CHINA
- Wabtec Corporation
Highlights of The Forged Compressor Wheels 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:
- 20-40 mm
- 40-60 mm
- >60 mm
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Forged Compressor Wheels 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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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?
Forged compressor wheels are made from a single piece of metal that is heated until it becomes malleable. The metal is then shaped into the desired wheel shape and cooled. This process creates a stronger and more durable wheel than traditional cast wheels.
Some of the key players operating in the forged compressor wheels market are ABI Showatech Private, BOOSTER Precision Components, BorgWarner, Changzhou E & E Turbo Power, Doncasters Group, E&E Turbo, GARRETT MOTION, Jiangyin Uni-Pol Vacuum Casting India, Melett North America, Nelcon Motor Company, ABI Showatech Private, Pacifica Power Sdn Bhd, PHESSIO TURBO, TurboSystems, Turbotech Precision Products, UACJ Corporation, UNI-POL CHINA, Wabtec Corporation.
The forged compressor wheels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forged Compressor Wheels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forged Compressor Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forged Compressor Wheels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forged Compressor Wheels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forged Compressor Wheels Market Size & Forecast, 2018-2028
4.5.1 Forged Compressor Wheels Market Size and Y-o-Y Growth
4.5.2 Forged Compressor Wheels Market Absolute $ Opportunity
Chapter 5 Global Forged Compressor Wheels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Forged Compressor Wheels Market Size Forecast by Type
5.2.1 20-40 mm
5.2.2 40-60 mm
5.2.3 >60 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Forged Compressor Wheels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Forged Compressor Wheels Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forged Compressor Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forged Compressor Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Forged Compressor Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Forged Compressor Wheels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Forged Compressor Wheels Market Size Forecast by Type
9.6.1 20-40 mm
9.6.2 40-60 mm
9.6.3 >60 mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Forged Compressor Wheels Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Forged Compressor Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Forged Compressor Wheels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Forged Compressor Wheels Market Size Forecast by Type
10.6.1 20-40 mm
10.6.2 40-60 mm
10.6.3 >60 mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Forged Compressor Wheels Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Forged Compressor Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Forged Compressor Wheels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Forged Compressor Wheels Market Size Forecast by Type
11.6.1 20-40 mm
11.6.2 40-60 mm
11.6.3 >60 mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Forged Compressor Wheels Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Forged Compressor Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Forged Compressor Wheels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Forged Compressor Wheels Market Size Forecast by Type
12.6.1 20-40 mm
12.6.2 40-60 mm
12.6.3 >60 mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Forged Compressor Wheels Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Forged Compressor Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Forged Compressor Wheels Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Forged Compressor Wheels Market Size Forecast by Type
13.6.1 20-40 mm
13.6.2 40-60 mm
13.6.3 >60 mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Forged Compressor Wheels Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forged Compressor Wheels Market: Competitive Dashboard
14.2 Global Forged Compressor Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABI Showatech Private
14.3.2 BOOSTER Precision Components
14.3.3 BorgWarner
14.3.4 Changzhou E & E Turbo Power
14.3.5 Doncasters Group
14.3.6 E&E Turbo
14.3.7 GARRETT MOTION
14.3.8 Jiangyin Uni-Pol Vacuum Casting India
14.3.9 Melett North America
14.3.10 Nelcon Motor Company
14.3.11 ABI Showatech Private
14.3.12 Pacifica Power Sdn Bhd
14.3.13 PHESSIO TURBO
14.3.14 TurboSystems
14.3.15 Turbotech Precision Products
14.3.16 UACJ Corporation
14.3.17 UNI-POL CHINA
14.3.18 Wabtec Corporation
