Automotive Turbocharger Market Scope and Size by 2031
The Automotive Turbocharger Market is expected to register a CAGR of 7.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars); Technology (Wastegate Turbocharger, VGT/VNT Turbocharger, and Electric Turbocharger); Fuel Type (Gasoline and Diesel); Application (OEMs and Aftermarket). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Automotive Turbocharger Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Turbocharger Market Segmentation
Vehicle Type
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Cars
Technology
- Wastegate Turbocharger
- VGT/VNT Turbocharger
- Electric Turbocharger
Fuel Type
- Gasoline and Diesel
Application
- OEMs and Aftermarket
Application
- OEMs and Aftermarket
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Automotive Turbocharger Market: Strategic Insights
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Automotive Turbocharger Market Growth Drivers
- Rising Demand for Petrol Engines: The overall demand for vehicles is growing owing to factors such as ubranization, increasing disposable income, and growing population among others. Such increased demand is driving the overall sales of the petrol engine. The demand for petrol vehicles with turbochargers is growing amongst automotive enthusiasts and consumer who are looking for high performance. Thus, increasing demand for the petrol engine is directly affecting the demand for turbochargers positively.
- Stringent Emissions Standards: The automobile market is witnessing stringent emission standards being enforced globally. The automaker is being forced to integrate systems that enhance fuel efficiency with the least possible emissions in the atmosphere. In the whole scenario, turbochargers form an integral part of meeting these objectives since they permit smaller engines to produce power without a compromise in the performances. Turbochargers increase the combustion efficiency of fuel since they force air into the combustion chamber and thus reduce the emission of CO2. With the governments now imposing strict environmental policies, the demand for turbochargers is expected to rise and fuel growth in the automotive turbocharger market.
- Growing demand for performance-oriented vehicles: Enthusiasts and consumers are getting attracted to the vehicles offering better power and acceleration, which is delivered by turbochargers. It allows producers to deliver a higher rating of horsepower without using more oversized engines. More and more enthusiasts and consumers seek both speed and efficiency from their vehicles. It has especially gained popularity in high-performance sedans and sports cars; the use of turbocharger is often perceived to provide superior performance metrics. As such, reliance on turbocharger technology to address the growing need for the performance vehicles will rise proportionally
Automotive Turbocharger Market Future Trends
- Expansion in Developing Markets: At present, emerging markets have increased demand for automobiles. Hence, their engagement by companies, especially manufacturers of turbocharger systems offers them with enough room for growth. There is an increase in vehicle ownership in Asia-Pacific, Latin America, and Africa, which brings more demands for efficient engines. As these markets grow more robust, consumers will be wanting increasingly fuel-efficient vehicles that should nonetheless deliver the performance to come. Turbocharger manufacturers would benefit from these new opportunities emerging in this building demand with entering strategic collaborations with local automobile manufacturers.
- Research and Development Activities: Improvements in the existing turbocharger technology introduce innovations and new aspects for the product differentiations. Such technologies would be exploited in terms of light and heat-resistant alloys as being used with reference to materials related to the turbocharger. More electronic control of wastegates and variable geometry would support more responses and efficiency. Investments by a company into research and development will, of course enable designing of developing future next-generation turbochargers which will give performance, reliability and the mileage that's sought. This type of focus on innovation will not only keep companies ahead of the competition but also attract a wider customer base looking for cutting-edge solutions
Automotive Turbocharger Market Opportunities
- Shift towards Electrification: The automobile industry is experiencing an immense shift towards electrification with hybrid and electric vehicles gaining much momentum. The trend, therefore, propels turbochargers to more advanced powertrains and hybrid engineering where they improve efficiency and performance. Other similar concepts that manufacturers are putting forward using electric motors to drive the turbine are in electric turbochargers that offer instant boost and better throttle response. The increasing adoption of electrified powertrains by auto manufacturers will, without doubt, see turbochargers play a larger role in enhancing the performance and efficiency of these systems, making for an evolving landscape in the automotive turbocharger market.
- Increasing focus on the light-weight solutions: In order to attain targeted levels of fuel efficiency and lower emissions, manufacturers are looking for ways to reduce vehicle weights. Manufacturers are introducing new solutions by reducing weights in turbochargers so as not to compromise performance. With the help of sophisticated materials and innovative engineering methods, manufacturers can create turbochargers that aid in the weight reduction of the entire vehicle. Such trends is aligning well with the broader goals of the automotive industry with regards to sustainability and efficiency and thus places lightweight turbocharger solutions as an area to focus on for future development
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Turbocharger Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Turbocharger Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Automotive Turbocharger Market include Honeywell international Inc, IHI Turbo America, Continental AG, BorgWarner Inc, Eaton Corporation, Cummins Inc, Mitsubishi Heavy Industries Ltd, BMTS TECHNOLOGY, Federal Mogul Holdings LLC
Technological advancements is the key future trend of the Automotive Turbocharger Market
The Automotive Turbocharger Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
The major factors driving the Automotive Turbocharger Market are:Growing demand of connectivity#Growing Smart Vehicle Technologies
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Turbocharger Market - By Vehicle Type
1.3.2 Automotive Turbocharger Market - By Technology
1.3.3 Automotive Turbocharger Market - By Fuel Type
1.3.4 Automotive Turbocharger Market - By Distribution Channel
1.3.5 Automotive Turbocharger Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE TURBOCHARGER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE TURBOCHARGER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE TURBOCHARGER MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE TURBOCHARGER - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE TURBOCHARGER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE TURBOCHARGER MARKET - REVENUE AND FORECASTS TO 2028 – VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. LIGHT COMMERCIAL VEHICLE
7.3.1. Overview
7.3.2. Light Commercial Vehicle Market Forecast and Analysis
7.4. HEAVY COMMERCIAL VEHICLE
7.4.1. Overview
7.4.2. Heavy Commercial Vehicle Market Forecast and Analysis
7.5. PASSENGER CARS
7.5.1. Overview
7.5.2. Passenger Cars Market Forecast and Analysis
8. AUTOMOTIVE TURBOCHARGER MARKET - REVENUE AND FORECASTS TO 2028 – TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. WASTEGATE TURBOCHARGER
8.3.1. Overview
8.3.2. Wastegate Turbocharger Market Forecast and Analysis
8.4. VGT/VNT TURBOCHARGER
8.4.1. Overview
8.4.2. VGT/VNT Turbocharger Market Forecast and Analysis
8.5. ELECTRIC TURBOCHARGER
8.5.1. Overview
8.5.2. Electric Turbocharger Market Forecast and Analysis
9. AUTOMOTIVE TURBOCHARGER MARKET - REVENUE AND FORECASTS TO 2028 – FUEL TYPE
9.1. OVERVIEW
9.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
9.3. GASOLINE
9.3.1. Overview
9.3.2. Gasoline Market Forecast and Analysis
9.4. DIESEL
9.4.1. Overview
9.4.2. Diesel Market Forecast and Analysis
9.5. OTHER
9.5.1. Overview
9.5.2. Other Market Forecast and Analysis
10. AUTOMOTIVE TURBOCHARGER MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. OEMS
10.3.1. Overview
10.3.2. OEMs Market Forecast and Analysis
10.4. AFTERMARKET
10.4.1. Overview
10.4.2. Aftermarket Market Forecast and Analysis
11. AUTOMOTIVE TURBOCHARGER MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive Turbocharger Market Overview11.1.2 North America Automotive Turbocharger Market Forecasts and Analysis11.1.3 North America Automotive Turbocharger Market Forecasts and Analysis - By Vehicle Type11.1.4 North America Automotive Turbocharger Market Forecasts and Analysis - By Technology11.1.5 North America Automotive Turbocharger Market Forecasts and Analysis - By Fuel Type11.1.6 North America Automotive Turbocharger Market Forecasts and Analysis - By Distribution Channel11.1.7 North America Automotive Turbocharger Market Forecasts and Analysis - By Countries11.1.7.1 United States Automotive Turbocharger Market
11.1.7.1.1 United States Automotive Turbocharger Market by Vehicle Type11.1.7.1.2 United States Automotive Turbocharger Market by Technology11.1.7.1.3 United States Automotive Turbocharger Market by Fuel Type11.1.7.1.4 United States Automotive Turbocharger Market by Distribution Channel11.1.7.2 Canada Automotive Turbocharger Market
11.1.7.2.1 Canada Automotive Turbocharger Market by Vehicle Type11.1.7.2.2 Canada Automotive Turbocharger Market by Technology11.1.7.2.3 Canada Automotive Turbocharger Market by Fuel Type11.1.7.2.4 Canada Automotive Turbocharger Market by Distribution Channel11.1.7.3 Mexico Automotive Turbocharger Market
11.1.7.3.1 Mexico Automotive Turbocharger Market by Vehicle Type11.1.7.3.2 Mexico Automotive Turbocharger Market by Technology11.1.7.3.3 Mexico Automotive Turbocharger Market by Fuel Type11.1.7.3.4 Mexico Automotive Turbocharger Market by Distribution Channel11.2. EUROPE
11.2.1 Europe Automotive Turbocharger Market Overview11.2.2 Europe Automotive Turbocharger Market Forecasts and Analysis11.2.3 Europe Automotive Turbocharger Market Forecasts and Analysis - By Vehicle Type11.2.4 Europe Automotive Turbocharger Market Forecasts and Analysis - By Technology11.2.5 Europe Automotive Turbocharger Market Forecasts and Analysis - By Fuel Type11.2.6 Europe Automotive Turbocharger Market Forecasts and Analysis - By Distribution Channel11.2.7 Europe Automotive Turbocharger Market Forecasts and Analysis - By Countries11.2.7.1 Germany Automotive Turbocharger Market
11.2.7.1.1 Germany Automotive Turbocharger Market by Vehicle Type11.2.7.1.2 Germany Automotive Turbocharger Market by Technology11.2.7.1.3 Germany Automotive Turbocharger Market by Fuel Type11.2.7.1.4 Germany Automotive Turbocharger Market by Distribution Channel11.2.7.2 France Automotive Turbocharger Market
11.2.7.2.1 France Automotive Turbocharger Market by Vehicle Type11.2.7.2.2 France Automotive Turbocharger Market by Technology11.2.7.2.3 France Automotive Turbocharger Market by Fuel Type11.2.7.2.4 France Automotive Turbocharger Market by Distribution Channel11.2.7.3 Italy Automotive Turbocharger Market
11.2.7.3.1 Italy Automotive Turbocharger Market by Vehicle Type11.2.7.3.2 Italy Automotive Turbocharger Market by Technology11.2.7.3.3 Italy Automotive Turbocharger Market by Fuel Type11.2.7.3.4 Italy Automotive Turbocharger Market by Distribution Channel11.2.7.4 United Kingdom Automotive Turbocharger Market
11.2.7.4.1 United Kingdom Automotive Turbocharger Market by Vehicle Type11.2.7.4.2 United Kingdom Automotive Turbocharger Market by Technology11.2.7.4.3 United Kingdom Automotive Turbocharger Market by Fuel Type11.2.7.4.4 United Kingdom Automotive Turbocharger Market by Distribution Channel11.2.7.5 Russia Automotive Turbocharger Market
11.2.7.5.1 Russia Automotive Turbocharger Market by Vehicle Type11.2.7.5.2 Russia Automotive Turbocharger Market by Technology11.2.7.5.3 Russia Automotive Turbocharger Market by Fuel Type11.2.7.5.4 Russia Automotive Turbocharger Market by Distribution Channel11.2.7.6 Rest of Europe Automotive Turbocharger Market
11.2.7.6.1 Rest of Europe Automotive Turbocharger Market by Vehicle Type11.2.7.6.2 Rest of Europe Automotive Turbocharger Market by Technology11.2.7.6.3 Rest of Europe Automotive Turbocharger Market by Fuel Type11.2.7.6.4 Rest of Europe Automotive Turbocharger Market by Distribution Channel11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive Turbocharger Market Overview11.3.2 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis11.3.3 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis - By Vehicle Type11.3.4 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis - By Technology11.3.5 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis - By Fuel Type11.3.6 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis - By Distribution Channel11.3.7 Asia-Pacific Automotive Turbocharger Market Forecasts and Analysis - By Countries11.3.7.1 Australia Automotive Turbocharger Market
11.3.7.1.1 Australia Automotive Turbocharger Market by Vehicle Type11.3.7.1.2 Australia Automotive Turbocharger Market by Technology11.3.7.1.3 Australia Automotive Turbocharger Market by Fuel Type11.3.7.1.4 Australia Automotive Turbocharger Market by Distribution Channel11.3.7.2 China Automotive Turbocharger Market
11.3.7.2.1 China Automotive Turbocharger Market by Vehicle Type11.3.7.2.2 China Automotive Turbocharger Market by Technology11.3.7.2.3 China Automotive Turbocharger Market by Fuel Type11.3.7.2.4 China Automotive Turbocharger Market by Distribution Channel11.3.7.3 India Automotive Turbocharger Market
11.3.7.3.1 India Automotive Turbocharger Market by Vehicle Type11.3.7.3.2 India Automotive Turbocharger Market by Technology11.3.7.3.3 India Automotive Turbocharger Market by Fuel Type11.3.7.3.4 India Automotive Turbocharger Market by Distribution Channel11.3.7.4 Japan Automotive Turbocharger Market
11.3.7.4.1 Japan Automotive Turbocharger Market by Vehicle Type11.3.7.4.2 Japan Automotive Turbocharger Market by Technology11.3.7.4.3 Japan Automotive Turbocharger Market by Fuel Type11.3.7.4.4 Japan Automotive Turbocharger Market by Distribution Channel11.3.7.5 South Korea Automotive Turbocharger Market
11.3.7.5.1 South Korea Automotive Turbocharger Market by Vehicle Type11.3.7.5.2 South Korea Automotive Turbocharger Market by Technology11.3.7.5.3 South Korea Automotive Turbocharger Market by Fuel Type11.3.7.5.4 South Korea Automotive Turbocharger Market by Distribution Channel11.3.7.6 Rest of Asia-Pacific Automotive Turbocharger Market
11.3.7.6.1 Rest of Asia-Pacific Automotive Turbocharger Market by Vehicle Type11.3.7.6.2 Rest of Asia-Pacific Automotive Turbocharger Market by Technology11.3.7.6.3 Rest of Asia-Pacific Automotive Turbocharger Market by Fuel Type11.3.7.6.4 Rest of Asia-Pacific Automotive Turbocharger Market by Distribution Channel11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive Turbocharger Market Overview11.4.2 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis11.4.3 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis - By Vehicle Type11.4.4 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis - By Technology11.4.5 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis - By Fuel Type11.4.6 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis - By Distribution Channel11.4.7 Middle East and Africa Automotive Turbocharger Market Forecasts and Analysis - By Countries11.4.7.1 South Africa Automotive Turbocharger Market
11.4.7.1.1 South Africa Automotive Turbocharger Market by Vehicle Type11.4.7.1.2 South Africa Automotive Turbocharger Market by Technology11.4.7.1.3 South Africa Automotive Turbocharger Market by Fuel Type11.4.7.1.4 South Africa Automotive Turbocharger Market by Distribution Channel11.4.7.2 Saudi Arabia Automotive Turbocharger Market
11.4.7.2.1 Saudi Arabia Automotive Turbocharger Market by Vehicle Type11.4.7.2.2 Saudi Arabia Automotive Turbocharger Market by Technology11.4.7.2.3 Saudi Arabia Automotive Turbocharger Market by Fuel Type11.4.7.2.4 Saudi Arabia Automotive Turbocharger Market by Distribution Channel11.4.7.3 U.A.E Automotive Turbocharger Market
11.4.7.3.1 U.A.E Automotive Turbocharger Market by Vehicle Type11.4.7.3.2 U.A.E Automotive Turbocharger Market by Technology11.4.7.3.3 U.A.E Automotive Turbocharger Market by Fuel Type11.4.7.3.4 U.A.E Automotive Turbocharger Market by Distribution Channel11.4.7.4 Rest of Middle East and Africa Automotive Turbocharger Market
11.4.7.4.1 Rest of Middle East and Africa Automotive Turbocharger Market by Vehicle Type11.4.7.4.2 Rest of Middle East and Africa Automotive Turbocharger Market by Technology11.4.7.4.3 Rest of Middle East and Africa Automotive Turbocharger Market by Fuel Type11.4.7.4.4 Rest of Middle East and Africa Automotive Turbocharger Market by Distribution Channel11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive Turbocharger Market Overview11.5.2 South and Central America Automotive Turbocharger Market Forecasts and Analysis11.5.3 South and Central America Automotive Turbocharger Market Forecasts and Analysis - By Vehicle Type11.5.4 South and Central America Automotive Turbocharger Market Forecasts and Analysis - By Technology11.5.5 South and Central America Automotive Turbocharger Market Forecasts and Analysis - By Fuel Type11.5.6 South and Central America Automotive Turbocharger Market Forecasts and Analysis - By Distribution Channel11.5.7 South and Central America Automotive Turbocharger Market Forecasts and Analysis - By Countries11.5.7.1 Brazil Automotive Turbocharger Market
11.5.7.1.1 Brazil Automotive Turbocharger Market by Vehicle Type11.5.7.1.2 Brazil Automotive Turbocharger Market by Technology11.5.7.1.3 Brazil Automotive Turbocharger Market by Fuel Type11.5.7.1.4 Brazil Automotive Turbocharger Market by Distribution Channel11.5.7.2 Argentina Automotive Turbocharger Market
11.5.7.2.1 Argentina Automotive Turbocharger Market by Vehicle Type11.5.7.2.2 Argentina Automotive Turbocharger Market by Technology11.5.7.2.3 Argentina Automotive Turbocharger Market by Fuel Type11.5.7.2.4 Argentina Automotive Turbocharger Market by Distribution Channel11.5.7.3 Rest of South and Central America Automotive Turbocharger Market
11.5.7.3.1 Rest of South and Central America Automotive Turbocharger Market by Vehicle Type11.5.7.3.2 Rest of South and Central America Automotive Turbocharger Market by Technology11.5.7.3.3 Rest of South and Central America Automotive Turbocharger Market by Fuel Type11.5.7.3.4 Rest of South and Central America Automotive Turbocharger Market by Distribution Channel12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE TURBOCHARGER MARKET, KEY COMPANY PROFILES
13.1. BMTS TECHNOLOGY
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BORGWARNER INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CONTINENTAL AG
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CUMMINS INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EATON CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HONEYWELL INTERNATIONAL INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. IHI TURBO AMERICA
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MITSUBISHI HEAVY INDUSTRIES, LTD.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TENNECO INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TURBO ENERGY PRIVATE LIMITED
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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