Global Automotive Turbo Charger Industry to reach USD 33.7 billion by 2026. Global automotive turbo charger Industry valued approximately USD 17.5 billion in 2019 is anticipated to grow with a healthy growth rate of more than 9.75% over the forecast period 2020-2026. The rapid growth of commercial vehicles across the worldwide is fueling the growth of global automotive turbocharger Industry. Stringent government regulation regarding carbon emission is also driving the Industry growth over the forecast period. According to report of China Association of Automobile Manufacturers (CAAM) in 2018, the production and sales of commercial vehicles reached 295,000 and 313,000 units respectively in China. According to report of American Automobile Council in 2016, United States automotive production is expected to exceed 12 million units per year by 2019 - and reach 13 million by 2020. Thus, increasing production and sales of commercial vehicles across the worldwide is expected to fuel the Industry growth over the forecast period.
On the basis of segmentation, the automotive turbo charger Industry is segmented into Vehicle Type, Fuel Type, Technology, Material Hybrid & Plug in Hybrid Vehicle Application and Vehicle Type. Fuel Type segment is further divided into Diesel and Gasoline. by Technology segment includes VGT/VNT Turbocharger, Wastegate Turbocharger and Electric Turbocharger, additionally by Material segment is further classified into Cast Iron, Aluminum and Others, Hybrid & Plug in Hybrid Vehicle segment is sub segmented into Hybrid & Plug in Hybrid Vehicle, Application segment divided into Agricultural Tractor, Construction Equipment and Locomotive. and by Vehicle Type segment is further categorized into Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle.
The regional analysis of Global Automotive Turbo Charger Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the dominating region across the world in terms of Industry share region over the forecast period 2020-2026. Owing to the countries such as China, Japan, and India.
The objective of the research study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming six years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the research study. However, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industry for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Automotive Turbo Charger Market Segmentation:
By Fuel Type:
By Hybrid & Plug in Hybrid Vehicle:
By Vehicle Type:
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa