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(Transportation-News.com, December 27, 2018 )
Stratview Research has published a new research report on Turbocharger Market. This extensive report by Stratview Research analyses the growth of Turbocharger Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (On-Highway Vehicles, Off-Highway Vehicles)
• By Charger Type (Turbocharger, Supercharger)
• By Fuel Type (Gasoline, Diesel)
• By Technology (VGT / VNT, Wastegate, Twin Turbo)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
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turbocharger market in the transportation industry
The global turbocharger market in the transportation industry offers a robust growth opportunity and is likely to witness a double-digit growth of 10.8% (CAGR) during the forecast period of 2016 to 2021. Growing vehicle production coupled with the requirement for automakers to meet global environment emission and fuel efficiency regulations are the prime drivers of the turbocharger market. Increasing penetration / installation rates of turbochargers in the gasoline engine powered vehicles is the driving force of the market during the forecast period.
The fuel efficiency and environment emission regulations in many developed and developing countries are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to achieve the targets. The Automakers are downsizing engines to satisfy the stringent global fuel economy and emission regulations and customer demand for better performing vehicles. Turbochargers help downsized engines improve fuel economy by 20% to 40% as compared to larger, naturally aspirated engines.
Top market players
The supply chain of this market comprises raw material suppliers, turbocharger component manufacturers, turbocharger manufacturers, distributors, and Automotive OEMs. The key On-highway OEMs are Daimler, General Motors, Toyota, Nissan, and Ford and the key off-highway OEMs are Caterpillar, Hitachi Construction Machinery, Komatsu, Hitachi Construction Machinery, Hyundai Heavy Industries, and Volvo Construction Equipment.
The global turbocharger market in the transportation industry is a highly consolidated market. The key turbocharger manufacturers are Honeywell International, Cummins, Continental AG, BorgWarner, Mitsubishi Heavy Industries, and IHI Corporation. New product development, custom product offering, and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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