Automotive Turbocharger Market In-Depth Research & SWOT Analysis by Major Companies to 2022
Fact.MR foresees that the demand for automotive turbocharger is projected to expand at a CAGR of 4.7% in terms of value during the period of forecast, 2017-2022. Sales of automotive turbocharger worldwide are likely to cross a valuation of US$19,000 Mn, says Fact.MR.
[USPRwire, Fri Jul 26 2019] Turbochargers are steadily permeating the automotive sector, weighed by manufacturers as a tool to curtail environmental pollution by enhancing fuel efficiency. Emphasis on maintaining cleanliness of fossil fuel engines continues to influence the use of automotive turbocharger in vehicles. Fact.MR foresees that the demand for automotive turbocharger is projected to expand at a CAGR of 4.7% in terms of value during the period of forecast, 2017-2022. Sales of automotive turbocharger worldwide are likely to cross a valuation of US$19,000 Mn, says Fact.MR.
Increasing fuel prices have largely impacted sales of vehicles across the globe. This is likely to fuel the adoption of automotive turbocharger on the back of high fuel efficiency. Original equipment manufacturers have initiated fine tuning of automotive turbocharger in a bid to cater to the growing demand from customers. This has resulted in an upswing in automotive turbocharger sales, in turn pushing the growth of the automotive turbocharger market.
The surge of automobile production is slated as one of the predominant factors linked with environmental deterioration. By drawing advantages from the aforementioned scenario, automotive turbochargers market is finding extensive use cases by a significant margin. The prosperity of automotive turbochargers market is favoring the production of cars and vehicles with turbocharged engines. With a succession of innovations coming into picture in automotive turbochargers market, a new range of advanced turbochargers with exclusive valve designs have been introduced. The primary objective behind enhancement of valves in automotive turbochargers market is to dynamize the vehicle’s performance, both in low as well as high-speed conditions. The automotive turbochargers market is proactively adopting waste gate technologies, which enables transforming engines by curtailing emissions.
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Engine downsizing has been considered as one of the most lucrative aspects in the automotive turbochargers market. The rising popularity of engine downsizing is pushing the growth of automotive turbochargers market. The use of smaller engine in vehicles is gaining high momentum in automotive turbochargers market as it helps cutting down emissions efficiently. Engine downsizing is also believed to contribute to vehicle’s fuel efficiency as their fuel consumption ratio is minimum, thereby standing out being lucrative in automotive turbochargers market.
Penetration of turbochargers in gasoline engines is an influential factor boosting the automotive turbochargers market. From their conventional use case in diesel engines, turbochargers are finding extensive adoption in gasoline powered engines in the light of fuel efficiency concerns posing a good sign for automotive turbochargers market. With the upthrust in demand for robust and fuel-efficient gasoline-powered vehicles, the automotive turbochargers market is set to rise in the years ahead. Moreover, stringent norms in place, predominantly in emerging economies, is bolstering growth of automotive turbochargers market. For example, EPA in North America has mandated vehicle manufacturers to integrate vehicles with latest technologies such as turbochargers for curtailing emissions.
The research report on the automotive turbochargers market by Fact.MR for the forecast period of 2017 to 2022 aspires to serve best insights catering to decision making of its readers. This report on automotive turbochargers market delves into each segment and aspect which might influence the progress of automotive turbochargers market for the aforementioned forecast timeline. This report elaborates on the know-how of crucial indicators to outline the growth of automotive turbochargers market and what alterations the market is poised to witness going forward. This report on automotive turbochargers market addresses drivers, challenges, and opportunities that are veritable to gauge growth course of automotive turbochargers market.
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