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According to our research, the annual sales of vehicles equipped with turbochargers are predicted to grow from 38 million units in 2016 to 59 million units by 2024, which equates to 36% increase in sales for all global industry sales.
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Automotive Turbochargers Market Outlook Global Automotive Turbochargers Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India Report Code :AM 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbochargers Market Outlook Global Automotive Turbochargers Market Share(%), By Region-2016-2024 Global Automotive turbochargers Market Size USD (Billion). 2016-2024 XX% CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research In 2016,Passenger Cars accounted for the highest market share XX% in Global Automotive Turbochargers Market WithXX%share in 2016, Europedominated the Global Automotive Turbochargers market Global Automotive Turbochargers Market Share(%), By Vehicle Type -2016 Global Automotive turbochargers Market Share(%), By Technology Type-2016 Global Automotive turbochargers Market Share (%), By Fuel Type -2016 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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Global Automotive Turbochargers Market Size (USD Billion) & Growth Analysis Sample Request Global Automotive Turbochargers Market Size (USD Billion)-2016-2024 Sample Source: Goldstein Research • Globalautomotive turbochargers market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, Global automotive turbochargers sales increased from XXX million units in 2015 to XXX units in 2016, which is likely to reach XXX million units by 2024. • Rising demand of fuel efficient vehicles is the major factor driving the growth of turbochargers vehicles. According to Goldstein's estimate there will be more than XX million vehicles equipped with turbochargers will be running on roads by 2024. Further, turbochargers' penetration in vehicles to grow from XX% in 2016 to XX% by 2024, driven largely by automakers’ focus to improve fuel economy and performance of vehicles. • In 2016, XX million vehicles where produced globally, with Europe having a market share of XX%. In 2016, Europe showed the largest growth worldwide in terms of market share (XX%). While Germany is the largest vehicle manufacturer in Europe, the Czech Republic and Poland have very high growth rates within the sector. This makes entering the European automotive market a major opportunity for suppliers from developing countries. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market Opportunity, 2016-2024 Sample Request BIG PREDICTIONS for HEAVY DUTY VEHICLES • The major turbocharger suppliers – Honeywell, BorgWarner, Mitsubishi Heavy and IHI – are looking to capitalize on the growth opportunities as other big suppliers look to make a move into the sector. • New players Bosch-Mahle and Continental are together expected to take around a XX% global market share for turbochargers by 2017. • Additionally, the turbochargers market has witnessed strong growth in agricultural machinery segment owing to growing sales of agricultural equipment and tractors in growing economies and Europe. • Volkswagen plans to completely replace conventional gas engines for US models with turbocharged gas and diesel powertrains over the next three or four years. • The automaker plans to replace its three remaining naturally aspirated or conventional gas engines – a five-cylinder 2.5-litre and two six-cylinder variants – with turbocharged engines. Toyota and Subaru outlined plans in November to roll out vehicles featuring downsized turbocharged engines starting in 2014. • Toyota currently has no turbocharged vehicles in its line-up, but will use these engines across its portfolio, with possible displacements between 1.0 and 1.5 litres. The truck parts aftermarket will cross the USD XX billion (manufacturer level) across the globe by 2024 Parts eCommerce will likely account for X to X% of the TRUCK AFTERMARKET by 2024 The OES (Original Equipment Service) channel will gain a market share of X to X% on the strength of its private labels and telematics penetration Automotive Turbochargers Exports Volume (million units) in Global Automotive Turbochargers Market , 2016-2024 • Over the next five years, the Middle East and Africa (MEA), a laggard, relatively unmotorized region, will likely see strong and consistent automobile sales growth; the biggest improvements are expected in Iran, Egypt, South Africa, and Nigeria. Along with this growth, automaker factory activity in the region will increase significantly. By 2021, nearly XX million cars will be built yearly in the MEA, an output increase of about XX percent. XXX 2024 XXX 2016 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbo Chargers Market Outlook : 2016-2024 Sample Request • The global automotive components industry generates more than USD XX billion in revenue per year in which automotive turbochargers share more than XX% of the total industry revenue. The North American market had an estimated size of more than USD XX billion in 2016. • Passenger automotive turbochargers industryhold the largest revenue share owing to the huge market of passenger vehicles across the globe, which is likely to grow at CAGR of XX% over the forecast period. Asia Pacific being the largest automobile manufacturer globally also posses the fastest growth rate for turbochargers industry. • Despite all the current difficulties in the BRIC countries, the truck markets in these regions are likely to offer many opportunities and a CAGR of +XX% until 2024. Their share in the global market will increase from XX% in 2016 to XX% in 2024. Global Automotive turbochargers Market Share, By Vehicle Type, 2016-2024 2024 2016 Sample Global Automotive turbochargers Market Y-O-Y Growth, By Vehicle Type, 2016-2024 Fig: 17: Global Automotive turbochargers Market Size (USD Billion), By Vehicle Type-2016-2024 Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market Outlook Sample Request Global Automobile Turbochargers Technology Outlook Connect With Us: Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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Vision Value Visibility Sample Request About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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