Mexico Automotive Turbocharger Market Overview, 2027

A turbocharger uses forced induction powered by the flow of gases to compress the intake of gases, forcing more air into the engine to produce more power for the vehicle. Until the late 20th century, the turbocharger was called a turbo supercharger. Turbochargers were first used in petrol engines in 1962, and from 1970 to 1980, many formula one racing cars were powered by them. Since its inception, it has transformed in shape, size, and power over the years. However, today, turbochargers are used in gasoline and diesel engines worldwide. The turbocharger engines are smaller in size as compared to other types but give more power output. For some years now, there has been a new type of electric turbocharger that uses electric boosting technologies that optimise its functions. These assist in delivering power at low speeds even when the turbocharger has not started working. Electric turbochargers have two segments: one with an electrically assisted turbocharger and the other with an electric compressor. They use either an electric motor or a compressor to give power to the engine. Electric turbos provide smooth and instant power, eliminating lags that are built to give performance. But, they don’t improve gas mileage as compared to traditional turbochargers and also don’t lower emissions. A traditional turbo engine reduces emissions by 23%, while an electric turbo engine only has up to 20% emissions reduced. According to the report title, "Mexico Automotive Turbocharger Market, 2027", publish by Bonafide research, the automotive turbocharger market is anticipated to grow at a higher growth rate as compared to historical period. Electric turbochargers are expected to drive the future market demands significantly with the rise of electric vehicles around the globe. It provides power even at low engine speeds thus increasing the RPM band and enables the turbo to work efficiently. Electric turbochargers eliminate all the drawbacks to conventional turbochargers except on the economical side which is costlier. However, it requires regular time intervals to cool down else can be hazardous. Diesel automotives lead the turbocharger market and is expected to continue its dominance over the future years as they are easy to customize to attain optimum performance. The turbochargers when used in diesel vehicles, it enhances transit performance, lowers the speed of torque and lower the size of engines. Also emissions are reduced to a great extent which helps in increasing fuel efficiency and durability. Key players are already investing huge with the increasing demand for diesel vehicles and the trends are expected to be continuing over the forecast period. Turbochargers are used in all types of vehicles, including cars, trucks, ships, and buses, and they provide more power to the vehicle. Every single piston stroke in cylinders generates more power. The small size of the engine results in better fuel efficiency and economics. Turbochargers are often labelled as eco-friendly as they burn fuel with more oxygen and produce less air pollution. However, more power results in more energy output per second and may result in burning more fuel. Also, turbo engines are expensive, and the consumer needs to shell out comparatively more money. Adding a turbocharger to the engine forms a layer of complex mechanism that demands more maintenance and results in part failures occurring more often. Since the engine works harder, it wears out faster. Turbocharged engines require high quality fuels and gases and synthetic oils that are expensive. Passenger vehicles hold a major market share and are expected to follow the same trend in future years also, owing to an increased inclination by consumers for greater performance from fuel efficient vehicles. The increase in urbanisation and disposable incomes is further bolstering the market demand for passenger vehicles, which leads to more demand for turbochargers. Also, car manufacturers are continuously innovating in terms of engines that would give better performance and lower emissions, which create demand for the same. Stringent government regulations imposed on emissions are further expected to propel market growth over the forecast period. Electric vehicles are expected to bolster the demand for turbochargers, but at a lower speed as innovations are limited. The companies need to spend more on research and technology to incorporate turbochargers more effectively and efficiently into their vehicles. Innovating in design for turbochargers and downsizing, the companies are developing systems for diesel engines to increase fuel efficiency, lower emissions and increase power output. The stakeholders are grabbing the opportunities as diesel engines are widely used in commercial vehicles. To maximise revenue, automotive giants compete to introduce the best cars on the market, putting additional pressure on OEMs and aftermarkets of automotive turbochargers to innovate and strategically distribute the best components to upgrade automotives. Variable geometry turbochargers are used more in automotives as downsized vehicles and emissions regulations come into place. It is used in most vehicles as it provides a boost, eliminating lag or builds up in engine speeds. The only impediment to the market is the high cost of additional parts and special materials to deal with the high temperatures in the engines. As VGT provides increased low-end torque with improved turbine efficiency to leverage technology in passenger vehicles with downsizing of engines, As it proves to be fuel efficient and has overall vehicular performance, it is expected to be in demand over the projected period. The automobile industry has been adversely affected by the pandemic, compelling stakeholders to adopt contingency planning to overcome uncertainties. They conducted various research and analysis before making new advancements to capture new markets and existing markets as well. The companies had to revaluate their existing supply chains. The assembly lines of turbochargers were forcibly shut down as the economy was pushed below with no vehicular movement. Also, there were no new requirements for installations and the spare turbochargers needed no replacements as vehicles remained unused. Considered in this report Geography: Mexico Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report Mexico Automotive Turbocharger market with its value and forecast along with its segments Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation Types of Technology in the report: Variable Geometry Turbocharger Wastegate Turbocharger Electric Turbocharger By Vehicle Type in the report: Passenger Vehicle Commercial Vehicle Type of Fuel in the report: Gasoline Diesel Type of Sales Channel in the report: Original Equipment Manufacturer 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 automotive turbocharger industry, government bodies and other stakeholders to align their market-centric strategies. 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