Turbocharger Market - Global Industry Analysis
Globally, commercial vehicles are run by diesel and are equipped with turbochargers.
This makes the diesel turbo market saturated. As a result, the demand for gasoline
turbochargers is growing at a rapid rate. Adoption of turbocharged gasoline direct
injection (TGDI) in gasoline turbocharger has diversified the growth prospect of the
turbocharger market in the coming years.
Looking at present scenario, fuel efficiency is one major concern across the globe.
Another major issues witnessed by automotive industry is rapid increase in fuel prices.
To combat such issues, automotive industry is trying to invent engines that can utilize
fuel efficiently and provide better mileage. This is one key factor influencing the demand
for turbocharger for vehicle’s engine. Besides, strict norms for cleaner fuel by several
government bodies have come up as another major factor that is anticipated to boost the
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Turbocharger is widely used in off-highway vehicles, which include agricultural tractors
and construction vehicles. As per industry experts, high HP tractors have integrated
turbochargers, whereas, the case is not similar for low HP tractors. As a result of
electrification in overhead valve engine (OHV), the equipment is expected to work
properly for coming 4-5 years. Most probably, it will not affect the demand for OHV
turbochargers in the forecoming years.
On the other hand, construction vehicles also have integrated turbochargers.
Construction industry has been witnessing substantial growth in the emerging
economies such as India and China. This is likely to fuel the growth of turbocharger
market in the forecast period.
Electric powered turbocharger is new innovation in the turbocharger market, and it is
predicted to be leading contributor to the growth of target market. The electric