Growth Opportunities in the Global Automotive Turbocharger Market
The future of the global automotive turbocharger market looks promising with opportunities in the OEM and aftermarkets. The global automotive turbocharger market is expected to reach anestimated $19.5 billion by 2021. The global automotive turbocharger market is forecast to grow ata CAGR of 10.1% from 2016 to 2021. The major drivers of growth for this market are increasingtrends towards engine downsizing, stringent government emission norms for fuel efficiency, growth of the global automotive production, and consumer concerns about fuel efficiency.
In this market, the major segments include wastegate, variable geometry turbocharger, and twinturbo. On the basis of its comprehensive research, Lucintel forecasts that the twin turbo technologysegment is expected to show above average growth during the forecast period.
Within the global automotive turbocharger market, the wastegate segment is expected to remainthe largest market. There is continuous implementation of fuel emission regulations in developingregions and increasing awareness about fuel efficiency among customers, which leads to increaseduse of this technology in commercial vehicles, which would spur growth for this segment over theforecast period.
For business expansion, Lucintel’s report suggests innovation and new product development toproduce higher power output turbochargers with lower emission levels. The report further suggeststhe development of partnerships with customers to create win-win situations and the development of low-cost solutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following: