Dublin–(business wire)–“Automotive Turbocharger Market – Growth, Trends, Impact of COVID-19 and Forecast (2022-2027)” report added of ResearchAndMarkets.com Recruitment.
Automotive Turbocharger Market Worth Over US$11.74 Billion In 2021 And Is Expected To Reach Over US$19.17 Billion By 2027, Registering A CAGR Of Around 8.5% During The Forecast Period 2022-2027 To do.
companies mentioned
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BorgWarner Co., Ltd.
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Continental AG
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Cummins Corporation
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magnum performance turbo
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Mitsubishi Heavy Industries, Ltd
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IHI Corporation
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Garrett Motion Inc.
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Lottomaster International
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Ke Yang Precision Co., Ltd.
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BMTS Technology GmbH & Co. KG
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Turbo Energy Private Limited
Key market trends
Increasing Adoption of Gasoline Engines Likely to Grow During Forecast Period
Due to their low CO2 emissions and superior performance, diesel engines have emerged as the dominant fuel type for automotive companies. On the other hand, however, the proportion of new registrations diesel has been steadily declining for some time as recent gasoline vehicles have gained popularity and can offer similar benefits, and this trend is likely to continue over the forecast period.
There are several reasons that have boosted the market for gasoline type engines. For example, his 2015 Volkswagen diesel emissions scandal, in which Volkswagen supplied nearly 11 million defective diesel-engined vehicles worldwide, including 8 million of his in Europe. Diesel sales have been trending downward in the region, and Volkswagen’s emissions problems led to the recall of all defective vehicles, further reducing sales of the company’s vehicles. This exposure resulted in a sharp decline in demand for diesel-powered vehicles and an increase in demand for gasoline-powered vehicles.
In the UK, car buyers prefer downsized petrol engines with CO2 emissions near 100g/km as a viable and efficient alternative to diesel engines. Global companies such as Ford, Opel/Vauxhall, Volkswagen and Hyundai now offer similarly downsized petrol engines, many of which emit around 100g/km of his CO2.
The recent development of turbo petrol engines has involved several players under strategic alliances to increase market potential. For example, Toyota Corporation has announced an expansion of his 2.0-liter turbo petrol engine and his AWD with the Granza-based GR Starley. The company has expanded the 2.0-liter 3S-GTE turbocharged petrol engine for the first time.
Gasoline engines are transitioning from naturally aspirated to turbocharged engines at an unprecedented rate. It is estimated that his 50% of vehicles sold are equipped with turbochargers during the forecast period, and similar growth is expected to continue.
The trend towards using turbochargers in diesel engines to improve fuel efficiency and engine performance is slowly changing. Market revenues from diesel turbochargers are gradually shifting to gasoline superchargers, and this shift is beneficial to the market given emissions standards.
Europe is likely to account for the largest market share during the forecast period
Fuel economy and efficiency dominate the modern automotive industry, which is driven by EU legislation on fuel economy and emissions targets. The Kyoto Protocol required the world to reduce emissions from 1990 levels to 8% by 2012, which led to the launch of his 1993 Euro I vehicle emission standards. This primarily targets nitrous oxide and particulate matter emissions and has led to an increase in diesel engine vehicles. sale. However, diesel engine vehicles have moved to turbochargers to meet the EU’s NOx targets. This increased vehicle efficiency and lowered the price of turbochargers.
Europe has been the epicenter of the impact of COVID-19, with severe factory closures, workplace controls across the region, supply chain challenges and stay-at-home orders resulting in the loss of nearly 50,000 units of production in March and April. rice field.
By the end of 2020, commercial vehicle production in the Europe region had fallen by around 20% compared to the previous year. A sharp decline in demand is expected to be faced by countries in Western Europe, including Italy and the United Kingdom, as well as Poland. Central Europe, where the trucking industry largely supports the movement of goods in Europe. for example,
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In March 2022, Mercedes-Benz announced the launch of the new Mercedes-AMG C 43 4MATIC. Prices start at €71,460 for the saloon and €73,245 for the estate. In this completely redeveloped model, his agile 300 kW (408 hp) AMG engine is enhanced by an electric exhaust gas turbocharger. A belt-driven starter generator (RSG) provides an additional 10 kW (14 hp) of short-term boost in certain driving situations.
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In April 2022, Daimler Trucks announced that the third generation OM 471 heavy duty engine is now available to order and available from October 2022. Manufactured in-house. A second turbocharged variant has an engine rating of up to 390 kW (530 hp).
Main topics:
1.First of all
2 Survey method
3 Executive Summary
4 Market dynamics
4.1 Market Driver
4.2 Market Constraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
5 Market Segmentation (Billion USD Value Market Size)
5.1 Vehicle type
5.2 Fuel type
5.3 Types of Sales Channels
5.4 Geography
6 Competitive landscape
6.1 Vendor Market Share
6.2 Company profile
7 Market Opportunities and Future Trends
For more information on this report, please visit https://www.researchandmarkets.com/r/mx4ex4.
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