DUBLIN, Apr. 15, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/wl8jpr/global_and_china) has announced the addition of the "Global and China Automotive Turbocharger Industry Report, 2014-2017" report to their offering.
The biggest turbocharger demand in China was none other than auto industry. In 2013, 4.004 million units of automotive turbochargers were sold, accounting for 59.6% of China's turbocharger sales. Driven by policies of energy conservation and emission reduction, vehicle exhaust emission upgrade, etc., China's automotive turbochargers are expected to speed up by registering a CAGR of 12.2% to 6.34 million units by 2017.
At present, China's automotive turbochargers are mainly applied to diesel engines, with the installation rate hitting some 71.9% in 2013. In future, as a growing number of products are replaced and upgraded, there will be a great demand. Despite an existing installation rate of a merger 8.6%, automotive gasoline engine turbocharger will have the greatest development potential. In 2017, the sales volume of gasoline engine turbochargers will be very likely to reach 3.184 million units, with the installation rate increasing to 14.0%.
The global auto turbocharger market is mainly monopolized by the foreign giants such as Honeywell, Borgwarner, Cummins, MHI, and IHI, which occupy a combined market share of more than 80%. Being bullish on the outlook of China's automotive turbochargers, foreign giants have expanded their capacity in China by setting up factories, with market share by farstaying above 60%.
Key Topics Covered:
2 Development of Global Automotive Turbocharger Industry
3 Development of China's Automotive Turbocharger Industry
4 China's Automotive Turbocharger Market Segment
5 Major Global Turbocharger Manufacturers
6 Major Chinese Turbocharger Manufacturers
7 Conclusion and Forecast
- Changchun FAWER-IHI Turbo Co., Ltd. (FIT)
- FuYuan Turbochargers Co., Ltd
- Hunan Rugidove Turbocharging Systems Co., Ltd
- Hunan Tyen Machinery Co., Ltd (600698)
- Kangyue Technology Co., Ltd (300391)
- Okiya Group Co., Ltd
- Shanghai Mitsubishi Turbocharger Co., Ltd. (SMTC)
- Weifang Movgoo Energy Saving Technology Co., Ltd
- Wuxi Weifu High-technology Co., Ltd(000581)
- Zhejiang Rongfa Motor Engine Co., Ltd
For more information visit http://www.researchandmarkets.com/research/wl8jpr/global_and_china
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SOURCE Research and Markets