Market Overview:
The global small 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 fuel-efficient vehicles and rising awareness about the benefits of using turbochargers. The small turbochargers market is segmented on the basis of type, application, and region. On the basis of type, it is divided into diesel engine turbocharger, gasoline engine turbocharger, and new energy engine turbocharger. The diesel engine Turbo charger segment dominates this market with a share of more than 60%. This can be attributed to their high efficiency and ability to produce more power as compared to gasoline engines. On the basis of application, it is classified into vehicle, machinery equipment appliances (MEA), and others segments such as marine propulsion systems etc.). Vehicle segment accounts for majority share in terms revenue generated followed by MEA segments in 2017 .Region wise , Europe held largest revenue generating region in 2017 owing high adoption rateof small Turbo chargers across various applications such as automotive , commercial vehicles etc., followed by North America .
Product Definition:
A small turbocharger is a turbocharger that is designed for light-duty vehicles, such as passenger cars and pickup trucks. A small turbocharger can provide significant improvements in fuel economy and performance, compared to a larger unit.
Diesel Engine Turbocharger:
Diesel engine turbocharger is a device, which is used to increase the power of diesel engines by reducing exhaust gas back pressure. It works on the principle of turbine-driven interstage combustion process. The product has gained significant importance in recent years owing to growing environmental concerns and stringent government regulations regarding carbon emissions from vehicles.
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 the turbine wheel, which is attached to the crankshaft and therefore speeds up as well. The product has applications in small turbochargers as well.
The gasoline engine turbocharger market has witnessed significant growth over the past few years owing to an increase in demand for vehicles with improved fuel efficiency.
Application Insights:
Vehicle application dominated the global small turbochargers market, accounting for over 45% of the overall revenue share in 2017. The segment is expected to witness significant growth during the forecast period as a result of increasing demand for vehicles across various regions, including Asia Pacific and Europe. Furthermore, growing sales of passenger cars and light commercial vehicles are anticipated to augment product demand in this segment.
The machinery application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising industrialization levels across various developing countries such as India and China which further propel product demand in this sector. Rising construction spending by governments as well as private companies are likely to contribute towards increased equipment orders from construction industries which further drive industry expansion over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand for energy in emerging economies such as China and India. The region has been witnessing an increase in investments from various governments across the world due to its booming manufacturing sector. For instance, In 2017, China invested around USD X billion on the infrastructure development program which was mainly focused on supporting manufacturing activities across all industries including automotive, electronics & IT equipment etc., thereby driving regional growth.
Europe is also anticipated to witness significant growth over the forecast period owing high consumption of electricity by end-users such as machinery and aircrafts along with other applications requiring large power outputters such as cement plants or food processing units etc.; thus boosting market growth in Europe regionally.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for small turbochargers is expected to grow at a CAGR of more than 7% from 2016 to 2021. This can be attributed to the increasing demand for fuel-efficient vehicles, as small turbochargers help improve the fuel economy of a vehicle by up to 25%.
- Stringent emission norms: Stringent emission norms across regions are also driving the growth of the global small turbochargers market. For instance, Euro 6 emission norms that came into effect in September 2015 in Europe mandate that all new passenger cars must have emissions below 120 g/km of CO2. This is likely to spur demand for small turbochargers in Europe and other regions with similar stringent emission norms.
- Rising popularity of diesel engines: The popularity of diesel engines is another key factor driving the growth of the global small turbochargers market. Diesel engines are known for their high efficiency and torque, which makes them ideal candidates for installation with a small turbocharger unit. In fact, according to MarketsandMarkets research, nearly 60%of all light commercial vehicles sold globally will have diesel engines by 2021 .This will create significant opportunitiesforsmall turbocahrgers manufacturersin this segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Turbochargers Market Research Report
By Type
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
By Application
Vehicle, Machinery, Appliances, Others
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Honeywell, Shenlong, Okiya Group
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Small Turbochargers Market Report Segments:
The global Small 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
Vehicle, Machinery, Appliances, Others
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
- Honeywell
- Shenlong
- Okiya Group
Highlights of The Small 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:
- Vehicle
- Machinery
- Appliances
- Others
- 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 Small 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.
How you may use our products:
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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?
Small turbochargers are typically used on small engines, such as motorcycles and cars. They are less powerful than larger turbochargers, but they can be more compact and easier to install.
Some of the key players operating in the small turbochargers market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Honeywell, Shenlong, Okiya Group.
The small turbochargers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Turbochargers 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 Small Turbochargers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Small Turbochargers 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 Small Turbochargers 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 Small Turbochargers Market Size & Forecast, 2018-2028
4.5.1 Small Turbochargers Market Size and Y-o-Y Growth
4.5.2 Small Turbochargers Market Absolute $ Opportunity
Chapter 5 Global Small Turbochargers 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 Small Turbochargers Market Size Forecast by Type
5.2.1 Diesel Engine Turbocharger
5.2.2 Gasoline Engine Turbocharger
5.2.3 New Energy Engine Turbocharger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Small Turbochargers 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 Small Turbochargers Market Size Forecast by Applications
6.2.1 Vehicle
6.2.2 Machinery
6.2.3 Appliances
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Small Turbochargers 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 Small Turbochargers 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 Small Turbochargers Analysis and Forecast
9.1 Introduction
9.2 North America Small Turbochargers 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 Small Turbochargers Market Size Forecast by Type
9.6.1 Diesel Engine Turbocharger
9.6.2 Gasoline Engine Turbocharger
9.6.3 New Energy 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 Small Turbochargers Market Size Forecast by Applications
9.10.1 Vehicle
9.10.2 Machinery
9.10.3 Appliances
9.10.4 Others
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 Small Turbochargers Analysis and Forecast
10.1 Introduction
10.2 Europe Small Turbochargers 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 Small Turbochargers Market Size Forecast by Type
10.6.1 Diesel Engine Turbocharger
10.6.2 Gasoline Engine Turbocharger
10.6.3 New Energy 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 Small Turbochargers Market Size Forecast by Applications
10.10.1 Vehicle
10.10.2 Machinery
10.10.3 Appliances
10.10.4 Others
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 Small Turbochargers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Small Turbochargers 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 Small Turbochargers Market Size Forecast by Type
11.6.1 Diesel Engine Turbocharger
11.6.2 Gasoline Engine Turbocharger
11.6.3 New Energy 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 Small Turbochargers Market Size Forecast by Applications
11.10.1 Vehicle
11.10.2 Machinery
11.10.3 Appliances
11.10.4 Others
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 Small Turbochargers Analysis and Forecast
12.1 Introduction
12.2 Latin America Small Turbochargers 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 Small Turbochargers Market Size Forecast by Type
12.6.1 Diesel Engine Turbocharger
12.6.2 Gasoline Engine Turbocharger
12.6.3 New Energy 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 Small Turbochargers Market Size Forecast by Applications
12.10.1 Vehicle
12.10.2 Machinery
12.10.3 Appliances
12.10.4 Others
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) Small Turbochargers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Small Turbochargers 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) Small Turbochargers Market Size Forecast by Type
13.6.1 Diesel Engine Turbocharger
13.6.2 Gasoline Engine Turbocharger
13.6.3 New Energy 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) Small Turbochargers Market Size Forecast by Applications
13.10.1 Vehicle
13.10.2 Machinery
13.10.3 Appliances
13.10.4 Others
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 Small Turbochargers Market: Competitive Dashboard
14.2 Global Small Turbochargers 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 Honeywell
14.3.12 Shenlong
14.3.13 Okiya Group
