Global Turbocharger Market

A turbocharger is a turbine driven force induction device that increases an engine’s efficiency and power by forcing extra air into the combustion chamber utilizing the heat energy of exhaust gases. This increased amount of air over naturally aspirated air into the combustion chamber increases proportionately more fuel than atmospheric pressure alone can do into each cylinder of the engine there by boosting up its performance. The three basic technologies used by the turbochargers are: variable geometry turbochargers (VGT), Wastegate turbochargers and twin turbo. Each of these technologies have their own benefits, VGT is widely used in the passenger cars whereas Wastegate turbo is widely used in commercial vehicles. The twin turbochargers have not gained popularity however their use is increasing and it is anticipated to gain manufacturers preference globally. A turbocharged engine offers many advantages such as increased power output, increased power to weight ratio, vehicle efficiency and also helps in engine downsizing.

Turbochargers have gained popularity globally in last few years; Europe will remain the largest turbocharger market for next five years, the region contributes to half of the turbocharger market share owing to the diesel passenger cars gaining consumer preference making Europe largest diesel passenger cars market followed by Asia-Pacific and North America slowly emerging in the use of diesel as automobile fuel. Stringent carbon emission norms, fuel economy standards, EU-27 carbon emission targets, engine downsizing trend and increasing passenger vehicle market globally are some of the drivers of the global automotive turbocharger market. Growing trend of diesel passenger cars in Asia-Pacific and North America and turbo charging of large engine are the opportunities and future driver of global turbocharger market.

The report global automotive turbocharger market is segmented on the basis of geography (Asia-Pacific, Europe and North America), by vehicles type, by fuel type, by technology and by application. The study shows that the global automotive turbochargers market will grow at a CAGR of 13.6% during the period of 2013 to 2018 generating revenue of $17.65 billion by 2018. Further the report global automotive turbochargers market gives a technological overview of new technologies being used to develop the turbochargers. The report includes the company profile of key market players in the field of global automotive turbochargers market. It covers qualitative data providing a comprehensive review of major market drivers, restraints and opportunities, winning imperatives and key burning issues in automotive global automotive turbochargers market.