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US Automotive Turbocharger Trubocharger Market Overview, 2027

US Automotive Turbocharger Trubocharger Market Overview, 2027

Bonafide Research 01-06-2022 49 Pages Figures : 10 Tables : 17
Region : North America Country : United States Category : Automotive & Transport Automotive Parts

US is well developed country with a large population of 331.4 million. Around 91.55% population having at least one vehicle for their use. The engine used in the cars or heavy vehicles used the fossil fuels like diesel, petrol to run on the road. The emission done by done by this vehicle very high and directly pollute the environment. The efficiency of engine was quite low also. For increasing the efficiency of engine the turbocharger were used in US. A turbocharger is a small turbine that sits between the engine and the exhaust. Plumbed to both, as well as the car's air intake, a turbocharger uses the exhaust gases to spin the turbine which then forces more air into your car's engine and increases the car's power. An internal combustion engine used in cars require large amount of air for combustion of additional fuel for large power generation that directly affects its efficiency means it decrease engine efficiency, thus turbocharger plays an important role in enhancing the efficiency by supplying compressed air. In US turbocharger mainly entered into the gasoline powered engine. In US the government also focus on the turbocharger market due to less emission of the harmful gases because it increasing the efficiency of the engine and reduce the low combustion of fuel. Turbochargers have generally transformed from an occasional add-on to a must-have in most light, medium and heavy vehicles, spurring strong industry growth. Turbocharger manufacturing industry revenue to increase annually in billion in future also. According to the report title “United States Automotive Turbocharger Market Overview, 2027” publish by Bonafide Research, automotive turbocharger market of the country US is expected to grow at CAGR around 8% value market size by the end of forecast period. According to the report the market of automotive turbocharger in US is increasing year by year due to increase in the demand of people. The people of US are now aware about the importance of turbocharger and its benefits to the vehicle, the turbocharger increase efficiency of engine and also increase the life of the vehicle. In US on the basis technology type there are three types of turbocharger Variable Geometry Turbocharge (VGT), Wastegate Turbocharger and Electric Turbocharger. A turbocharger equipped with Variable Turbine Geometry has less number of movable vanes which can direct exhaust flow onto the turbine blades. The vane angles are set through an actuator. The angle of the vanes vary throughout the engine RPM range to optimize turbine behaviour. A wastegate is a device that bypasses some exhaust flow around the turbine section of a turbocharger to control maximum boost. Electric turbo are designed to blend the efficiency of a turbocharged system with the help of electric compressor by eliminating turbo lag. They combine a traditional turbo with a small electric air compressor driven by a powerful motor. In US the market share of Variable Geometry Turbocharger is much higher than the other two because of its high demand and low cost. The VGT provide more torque to engine and improved its power. As per the report the market share of VGT expected over 50% during the forecasted period. On the basis of the vehicle type there are two types of turbocharger used in US, one is Passenger vehicle and Commercial vehicle. Passenger vehicle consist of the personal car and vans. The turbocharger used by passenger vehicle having low market share than the commercial vehicle turbocharger market. The commercial vehicles are mostly used in the business for transportation purpose of raw material and finished goods. In US the commercial vehicle turbocharger are used mostly because the firm afford that much cost of installation and for fast delivery the vehicle should be in proper condition and their engine should be boost up and made efficient by using the various types of turbocharger. According to report there is vigorous growth in the market of the passenger vehicle turbocharger. In US the turbocharger are also bifurcated on the basis of fuel type-Diesel turbocharger and Gasoline turbocharger. The term turbo-diesel refers to any diesel engine equipped with a turbocharger. Turbocharging a diesel engine can significantly increase its efficiency and power output, especially when used in combination with an intercooler. The turbocharger for gasoline applications having more advanced materials to tolerate the high thermal conditions. Nickel and special alloy are used for making the turbocharger. The market share of diesel turbocharger is more than gasoline turbocharger because most of the commercial vehicle and heavy trucks use diesel as fuel. The cost of turbocharger used in gasoline are costlier than diesel turbocharger because they are made up of special types of alloy and people are avoiding that turbocharger. During 2016 to 2021 CAGR of diesel fuel turbocharger was 5.24% and its CAGR is expected that it will higher during the forecasted period. By sales channel in US there are two types of turbocharger are there Original Equipment Manufacturers (OEM) and Aftermarket. OEM are the original manufacturer or producer of the vehicle component. OEM turbocharger are more compatible than the Aftermarket turbochargers and OEM also provide guaranteed to the customer about their product like turbocharger while Aftermarket provide cheaper and inferior quality turbocharger. The market share of OEM turbocharger is higher than the Aftermarket. It is expected that the market attractiveness of OEM will be higher among people during the forecasted period. The various factor enhance the growth of automotive market are the innovation, advanced technology , awareness among the people about its benefit, high demand of people for cars etc. BorgWarner Turbo Systems is a leading supplier of innovative turbocharging systems and a competent partner to the automotive industry worldwide. In the engine output range of 20-1000 kW per exhaust gas turbocharger, BorgWarner offers a broad range of products for passenger cars and commercial vehicles, as well as for industrial, locomotive and marine engines. Covid-19 affected the industry by forcing the manufacturers to shut down the assembly lines and pushed the economy down. With almost zero vehicular movements, there wasn't any new requirement for turbochargers to be installed into new vehicles and spare turbochargers for replacements in already present vehicles. Considered in this report • Geography: United States • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • United States automotive turbocharger market and its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five force models • Top profiled companies • Strategic recommendation Turbocharger by technology type • Variable Geometry Turbocharger (VGT) • Wastegate Turbocharger • Electric Turbocharger Turbocharger by vehicle type • Passenger Vehicle • Commercial vehicle Turbocharger by fuel type • Diesel • Gasoline Turbocharger by sales channel • Original Equipment Manufacturer (OEM) • Aftermarket The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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