Germany Automotive Turbocharger Market Overview, 2027

Germany Automotive Turbocharger Market Overview, 2027

Bonafide Research 01-06-2022 49 Pages Figures : 10 Tables : 17
Region : Europe Country : Germany Category : Automotive & Transport Automotive Parts

Germany is a country located in the heart of Western Europe with a population of 83.15 million population. Germany is famous for its advance technology in the sector of automobile and other business. et. Germany world-class R&D infrastructure, complete industry value chain integration, and highly qualified and skilled workforce create an internationally peerless automotive environment. In Germany year by year there is innovation takes place in the automobile sector. In Germany the strict pollution control rules and restriction on high emission leads to the introduction of turbocharger into the market. A turbocharger or turbo, is a gas compressor which is used to force air into an internal combustion engine. It is a form of forced induction. It also increases the amount of air entering the engine to create more power. A turbocharger has the compressor which is powered by a turbine. In Germany Turbochargers have improved the performance of diesel engines; in fact, turbochargers are now standard equipment in all diesel vehicles. Turbochargers are being installed in an increasing number of gasoline engines to decrease weight and enhance efficiency. In Germany many manufacturing and supplier companies of turbocharger are leading some of them are Cummins, Mitsubishi, and BorgWarner. The primary objective behind the enhancement of valves in the automotive turbochargers market is to boost vehicle performance, both, in low- as well as high-speed conditions. According to the report title “Germany Automotive Turbocharger Market Overview, 2027” publish by Bonafide Research, automotive turbocharger market of the country Germany is expected to grow at CAGR around 13.4% value market size by the end of forecast period. The market size of Germany is increasing due to the awareness of benefits of turbocharger by the customer. The customer become more and more conscious about the durability of their automobile engine. The main purpose of installation of turbocharger is that it increases the efficiency of engine and improve its life cycle also. Due to improvement in the consumption ratio of fuel people of Germany attracted towards this market. As per the report the turbocharger having many segments. In Germany the turbocharger used vary from people to people. On the basis of fuel type there are two types of turbochargers are used first one is the diesel turbocharger and gasoline turbocharger. Diesel turbocharger are also called turbo diesel and the turbocharging a diesel engine increases its efficiency and power output, mainly when used in combination with an intercooler. The extra torque that diesel turbocharger engines generate makes them available for carrying big loads and towing. Larger diesel cars hold better value than that of less efficient gasoline versions. In gasoline turbocharger, a turbocharged engine uses a turbine that's powered by the engine's exhaust gas to subsequently force that extra compressed air into the combustion chamber. The compression ratio of gasoline engine is less than diesel engine. In Germany the market share of diesel turbocharger is higher than the gasoline turbocharger and according to report it is estimated that market share of diesel engine will be over 50% by 2027. In Germany on the basis of technology there are mainly three types of turbochargers are available and having a demand among the people. Three turbochargers are Variable Geometry Turbocharger (VGT), Wastegate Turbocharger and Electric Turbocharger. Among all three the VGT is in high demand among the people of Germany. Variable-geometry turbochargers (VGT), also termed as variable-nozzle turbines (VNT), is the turbocharger that are designed to allow the effective aspect ratio of the turbocharger to be altered as conditions change. Wastegate turbocharger in this type turbocharger the wastegate valve are used to control and regulate the exhaust gas to the turbine wheel. It also controls turbine speed and compressor rotating speed. In electrically assisted turbocharging, a turbocharger with an electric compressor and deliver a power at low speed when turbocharger is not working. It also used for boosting up the power and the speed of engine. The robust growth of VGT is expected during the forecasted period. On the basis of vehicle type, in Germany there are two types of turbochargers: Passenger vehicle turbocharger and Commercial vehicle turbocharger. In Germany the market share of passenger vehicle turbocharger is higher than commercial vehicle turbocharger. Turbocharger used in passenger vehicle are suitable for low range of speed and provide suitable torque to the engine. Passenger vehicles includes cars and small vans. As compare to commercial vehicle large number of passenger vehicle are present in Germany because commercial usually used for business purpose. Commercial vehicles include heavy trucks, heavy loading vans etc and the turbocharger used in them are more suitable for high speed and provide high torque to the engine but they are expensive also. The CAGR of passenger vehicle turbocharger is expected higher than past. In Germany on the basis of sales channel there are two types of turbochargers are used by the people, Original Equipment Manufacturer (OEM) and Aftermarket type of turbocharger. Out of two in Germany the market of OEM is higher than aftermarket. OEM provides the original products and spare parts of the automobile. It is only available for purchase through the dealership. It provides superior turbocharger product and are expensive but durable. Aftermarket provides a cheap and inferior quality of turbocharger and they are at a high risk because the material used for manufacturing of turbocharger are not of good quality. It is also available on the E-commerce market. The OEM turbocharger market attractiveness is expected to be maximum by 2027. The technology company Continental is making more of its original equipment turbochargers available to the automotive aftermarket. Starting immediately, it is offering turbochargers for numerous models made by BMW, MINI and the Volkswagen Group. Continental is now providing the independent spare parts market with more high-efficiency turbochargers that are identical to those installed by manufacturers. In addition to those for Ford, it is supplying products for marques and models of the Volkswagen Group. The COVID-19 crisis had created an uncertainty in the market, cause slow-down of supply chain, fall in business confidence, and increase in panic among people of Germany. Government have already announced total lockdown and temporary shutdown of industries, the overall production and sales being adversely affected. Therefore, the turbocharger market having a moderate dip in 2020, owing to the coronavirus (COVID-19) pandemic. Considered in this report • Geography: Germany • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Germany 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 turbocharger 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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