Market Overview:
The global passenger vehicle turbocharger market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the global passenger vehicle turbocharger market can be attributed to the increasing demand for fuel-efficient vehicles and rising awareness about the benefits of using turbochargers. On the basis of type, diesel engine turbochargers are expected to account for a larger share of the global passenger vehicle turbocharger market in 2018. This can be attributed to their higher efficiency as compared to gasoline engine turbochargers and growing popularity among commercial users. However, gasoline engine Turbo chargers are expected witness highest growth rate over the forecast period on account of increasing demand for high-performance vehicles across regions. On basis application, OEM segment is anticipated hold dominant position in terms revenue contribution throughout forecast period followed by aftermarket segment .This can be primarily ascribed expanding sales figures o f new cars equipped with Turbo chargers across globe . Regionally , North America accounts for largest revenue share followed by Europe in Global Passenger Vehicle Turbo charger Market .
Product Definition:
A turbocharger is a device used to increase the power output of an engine by forcing more air into the cylinders. This increased air pressure can provide more oxygen for combustion, resulting in a higher power output. Passenger vehicle turbochargers are commonly used on engines with six or more cylinders to improve performance and fuel economy while maintaining emissions levels.
Diesel Engine Turbocharger:
Diesel engine turbocharger is a device, which is installed in diesel engines to increase the power output of the engine. It works by reducing exhaust gas flow that passes through the engine, instead it uses directed airflow from outside sources. The device basically increases power by taking advantage of density and pressure levels existing in the atmosphere around it.
Gasoline Engine Turbocharger:
Gasoline engine turbocharger is a device, which aids in increasing the power output of internal combustion engines by reducing exhaust gas temperatures. It does this by spinning a turbine-driven inter cooler that forces air into the engine, thereby making it run more efficiently. The basic function of gasoline engine turbocharger is to reduce the charge air temperature and boost efficiency at the same time.
Application Insights:
OEMs and aftermarket are two major application segments of the passenger vehicle turbocharger market. In 2017, OEM held a leading share of over 90.0% in terms of revenue as well as volume for both diesel and gasoline engine vehicles. The high share is attributable to the fact that most manufacturers prefer to develop their own systems rather than relying on third-party suppliers for these components, which can lead to higher profit margins for them in the long term.
Turbochargers are an integral component in any type of vehicle that uses an internal combustion engine; thus, they have become one of the most important parts when it comes to improving fuel efficiency across various makes and models on a global scale since 2016.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging countries, such as China and India. Furthermore, rising demand for luxury vehicles in these countries will drive the market further. The presence of major automotive manufacturers including Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation and Hyundai Motor Company will also have a positive impact on the growth of this region.
Europe passenger vehicle turbocharger market was valued at USD X million in 2017 as it accounted for 23% share of global revenue that year. Germany led Europe's passenger vehicle turbocharger industry followed by France which are among top 10 automobile markets globally along with being key players within their respective regions; they are also among top 3 exporters worldwide after North America and Asia Pacific respectively (in terms of volume).
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global passenger vehicle turbocharger market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for fuel-efficient vehicles. Turbochargers offer better fuel economy and performance as compared to naturally aspirated engines, which is driving the growth of the market.
- Stringent emission norms: Stringent emission norms are encouraging OEMs to adopt turbocharged engines in their passenger vehicles in order to comply with these norms. For instance, Euro 6 emissions norm that came into effect in September 2015 mandates that all new passenger cars sold in Europe must have a diesel engine with a particulate filter or meet certain NOx limits. This is driving the adoption of turbocharged diesel engines and consequently boosting the growth of the global passenger vehicle turbocharger market.
- Rising popularity of SUVs and crossovers: The popularity of SUVs and crossovers is growing rapidly across regions, owing to their superior performance and features as compared to other segments such as sedans and hatchbacks . This is resulting in an increase in sales volumes of these vehicles, which is subsequently fueling demand for turbocharged variants thereof . This trend will continue over the next few years, thereby propelling growth prospects for th e global pas senger vehi cle turb ocha rge r mark et .
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Turbocharger Market Research Report
By Type
Diesel Engine Turbocharger, Gasoline Engine Turbocharger
By Application
OEM, Aftermarket
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Turbocharger Market Report Segments:
The global Passenger Vehicle Turbocharger market is segmented on the basis of:
Types
Diesel Engine Turbocharger, Gasoline 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
OEM, Aftermarket
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
- Hunan Tyen
- Weifu Tianli
- Kangyue
- Weifang Fuyuan
- Shenlong
- Okiya Group
- Zhejiang Rongfa
- Hunan Rugidove
Highlights of The Passenger Vehicle Turbocharger 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
- By Application:
- OEM
- Aftermarket
- 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 Passenger Vehicle Turbocharger 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
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
A passenger vehicle turbocharger is a device that helps increase the power and performance of an engine. Turbochargers are typically used on larger, more powerful engines, such as those found in cars and trucks. They work by using exhaust gas to spin a turbine which in turn increases the power output of the engine.
Some of the major companies in the passenger vehicle turbocharger market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Turbocharger Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Turbocharger Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Type
5.2.1 Diesel Engine Turbocharger
5.2.2 Gasoline Engine Turbocharger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Type
9.6.1 Diesel Engine Turbocharger
9.6.2 Gasoline Engine Turbocharger
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 Passenger Vehicle Turbocharger Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Passenger Vehicle Turbocharger Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Type
10.6.1 Diesel Engine Turbocharger
10.6.2 Gasoline Engine Turbocharger
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 Passenger Vehicle Turbocharger Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Passenger Vehicle Turbocharger Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Type
11.6.1 Diesel Engine Turbocharger
11.6.2 Gasoline Engine Turbocharger
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 Passenger Vehicle Turbocharger Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Passenger Vehicle Turbocharger Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Turbocharger 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 Passenger Vehicle Turbocharger Market Size Forecast by Type
12.6.1 Diesel Engine Turbocharger
12.6.2 Gasoline Engine Turbocharger
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 Passenger Vehicle Turbocharger Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Passenger Vehicle Turbocharger Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Turbocharger 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) Passenger Vehicle Turbocharger Market Size Forecast by Type
13.6.1 Diesel Engine Turbocharger
13.6.2 Gasoline Engine Turbocharger
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) Passenger Vehicle Turbocharger Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Passenger Vehicle Turbocharger Market: Competitive Dashboard
14.2 Global Passenger Vehicle Turbocharger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 BorgWarner
14.3.3 MHI
14.3.4 IHI
14.3.5 Cummins
14.3.6 Bosch Mahle
14.3.7 Continental
14.3.8 Hunan Tyen
14.3.9 Weifu Tianli
14.3.10 Kangyue
14.3.11 Weifang Fuyuan
14.3.12 Shenlong
14.3.13 Okiya Group
14.3.14 Zhejiang Rongfa
14.3.15 Hunan Rugidove
