Turbocharger Manufacturing in the US - Industry Market Research Report

Turbocharger Manufacturing in the US - Industry Market Research Report

  • February 2021 •
  • 48 pages •
  • Report ID: 5832947 •
  • Format: PDF
Turbo time: Fuel economy regulations and rising oil prices encourage continued industry growth

Abstract

Turbocharger Manufacturing
This industry manufactures turbochargers for use in the engines of cars, light-trucks and commercial vehicles. Turbochargers are turbine-driven induction devices that increase an engine’s efficiency by forcing extra air into the combustion engine; by increasing the engine’s efficiency, turbochargers economize on fuel and reduce carbon dioxide emissions. Therefore, demand for turbochargers grows with increased automotive production as well as increased fuel-efficiency regulation. Both factors have contributed to significant industry growth over the five years to 2018. Over the five years to 2023, IBISWorld expects industry revenue to decelerate but remain strong, growing at an annualized rate of 2.4% to $2.0 billion. While fuel-efficiency regulations have been limited by the current administration, they are still expected to propel the use of turbochargers in close to half all light vehicles. Furthermore, rising oil prices are anticipated to encourage increasing fuel efficiency in engines. New companies are likely to enter the industry to take advantage of growing demand; however, the industry is expected to remain primarily concentrated between its top global auto component manufacturers.

This industry manufactures turbochargers. Turbochargers are centrifugal compressors powered by the exhaust-gas turbine in an engine and are predominantly used in automobiles to enhance engine performance. Turbochargers can also enhance the performance of engines in aircraft, motorsport vehicles and commercial boats, although these products are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.