Canada Automotive Turbocharger Market Overview, 2027

Canada Automotive Turbocharger Market Overview, 2027

Bonafide Research 27-07-2022 49 Pages Figures : 10 Tables : 17
Region : North America Country : Canada Category : Automotive & Transport Automotive Parts

"The Canadian automotive industry is extremely important to the market for automotive turbochargers, which is a sizable segment that propels vehicle innovation, performance, and efficiency. The Canadian automotive turbocharger market symbolises a special fusion of engineering quality, regulatory compliance, and consumer preferences with an emphasis on technological breakthroughs, environmental sustainability, and the rising demand for fuel-efficient automobiles. Turbocharging technology has emerged as a critical strategy for obtaining higher engine performance, increased fuel efficiency, and decreased emissions as the automobile industry in Canada continues to develop. Greater power output and torque are made possible by turbochargers, which boost air intake into the engine while retaining fuel efficiency. As automakers work to comply with more stringent emissions rules and consumer expectations for potent yet ecologically friendly automobiles, this technology has become more and more common in both petrol and diesel engines. According to the report title, ""Canada 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. The Canadian automotive turbocharger industry is seeing a transition towards smaller engines with turbocharging as a way to get the best performance, in line with global trends. Rising fuel costs, environmental concerns, and the demand for automobiles that combine both power and efficiency are some of the causes driving this trend. Drivers may enjoy the advantages of increased power and acceleration while minimising fuel consumption thanks to turbocharged engines' balance between performance and fuel efficiency. The Canadian automobile turbocharger industry demonstrates the nation's dedication to environmental protection and sustainability. Automakers may downsize engines without sacrificing performance thanks to turbocharging technology, which results in fewer carbon dioxide emissions and fuel consumption. This is in line with Canada's initiatives to lower greenhouse gas emissions and encourage the adoption of more environmentally friendly transportation options. 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: Canada Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report Canada 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. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Please get in touch with our sales team to find out more. "

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