DUBLIN, Nov. 5, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/l33rdd/turbocharger) has announced the addition of the "Turbocharger Market by Vehicle Type (On-Highway (Passenger Car, LCV, & HCV), Off-Highway (Agricultural Tractors & Construction Vehicles)), Locomotive, Technology (VGT/VMT & Wastegate), Fuel Type (Gasoline & Diesel), & by Region - Forecast to 2020" report to their offering.
The global market in terms of value for on-highway turbocharger is estimated to be USD 13.6 Billion in 2015 and is projected to grow to USD 22.1 Billion by 2020, at a CAGR of 10.21% for the period 2015-2020
Turbocharger is used to boost the power output of the engine and is driven by the exhaust from the engine. On the basis of technology, the on-highway turbocharger market has been broadly classified into VNT/VNT and wastegate. With the growth in vehicle production all around the world, the market for turbocharger is also estimated to grow at a CAGR of 10.21% by value from 2015 to 2020.
Key drivers for the on-highway turbocharger market include increase in global vehicle production and engine downsizing trend that facilitates fuel efficiency and reduced emissions.
The VGT/VNT technology has more presence than the wastegate technology in turbochargers around the globe. However, an opposite trend can be observed in the Asia-Oceania region, where wastegate turbochargers have a larger market share following cost-effective advantages of the wastegate turbochargers. In Asia-Oceania, the VGT/VNT technology is growing rapidly, and is projected to grow at a highest CAGR of 14.61% in terms of volume. The on-highway turbocharger market depicts different trends in different regions of the world.
The Asia-Oceania region is estimated to register fastest growth rate in this market, considering macro and micro economic factors and demographic conditions in this region. The Asia-Oceania region comprises some of the fastest-growing economies with availability of cheap labor and developing infrastructure. This region has, therefore, become a hub of production facilities and R&D centers set up by various OEMs.
The on-highway turbocharger market is dominated by passenger cars in terms of market share by volume. Passenger cars account for the largest market share of on-highway turbochargers, followed by LCVs and HCVs. The increasing application of turbochargers in gasoline engines has resulted in the highest CAGR for the on-highway turbocharger market for passenger cars.
As of 2015, the gasoline turbocharger market is estimated to account for 52.4% of the global market share in terms of value. The gasoline on-turbocharger market for passenger cars grows at a higher rate than the diesel on-turbocharger market. A similar trend is projected for the LCV turbocharger market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 On-Highway Turbocharger Market, By Technology
7 Off-Highway Turbocharger Market, By Application
8 Locomotive Turbocharger Market
9 Passenger Car Superchargers Market
10 On-Highway Turbocharger Market, By Region
11 Competitive Landscape
12 Company Profiles
- Borg Warner Inc. - Bosch Mahle Turbo Systems - Continental AG - Cummins Inc. - Eaton Corporation PLC - Honeywell International Inc. - IHI Corporation - Mitsubishi Heavy Industries Ltd. - Rotomaster International - Turbo Energy Private Limited
For more information visit http://www.researchandmarkets.com/research/l33rdd/turbocharger
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets