Global & China Automotive Turbocharger Market Reviewed by ResearchInChina in Its Report Available at MarketPublishers.com17 Nov 2015 • by Natalie Aster
LONDON – Through 2017, the Chinese market for automotive turbochargers is likely to see robust growth propelled by favourable energy conservation and emission reduction policies, ongoing vehicle exhaust emission upgrade and constantly growing local demand. The value of the Chinese automotive turbocharger market is anticipated to post a 12.2% CAGR and reach 6.34 million units in the year 2017.
Currently, Chinese automotive turbochargers are mainly used in diesel engines. For instance, the installation rate for this application reached almost 72% in 2013. The demand for automotive turbochargers is likely to gain momentum owing to continued modernization and upgrading of numerous products.
Meantime, despite a low installation rate (only 8.6%) at present, automotive gasoline engine turbocharger is considered to have the greatest development potential. The sales volume of automotive gasoline engine turbochargers is forecast to amount to 3.184 million units in 2017.
Nowadays, the lion’s share (more than 80%) of the global automotive turbocharger market belongs to such major companies as Honeywell, Cummins, Borgwarner, MHI and IHI. These giants significantly increased their production capacities in China by setting up new plants and factories in the country. The market share of foreign companies in China is assessed to be 60%. Meanwhile, the top local manufacturers of automotive turbochargers, including Hunan Tyen Machinery, Kangyue Technology and Wuxi Weifu High-technology try to raise their competitiveness by investing into the industry development, ramping up production and expending their existing production capacities.
Insightful research study “Global and China Automotive Turbocharger Industry Report, 2014-2017” worked out by ResearchInChina offers a holistic appraisal of the current situation in the global and Chinese automotive turbocharger market, describes the top market development trends as well as draws up a future roadmap till 2017. The report characterizes the market scenario globally and in China. Data on the market size, regional structure, competitive landscape, demand structure, automaker layout and prices of global and China’s turbochargers is also provided in the research study.
Global and China Automotive Turbocharger Industry Report, 2014-2017
Published: April, 2015
Price: US$ 2,150.00
Other research reports elaborated by ResearchInChina can be found at its page.