Automotive Turbocharger Market Scope and Size by 2031
The automotive turbocharger market is expected to register a CAGR of 7.6% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Automotive Turbocharger Market Analysis
- The market is expanding as a result of the growing demand for fuel-efficient cars, stricter emission regulations, the growing trend of lighter commercial vehicles, and the automotive industry's continuous emphasis on improving performance.
- Global imposed emission regulations are attempting automotive manufacturers to use turbocharging technology.
- The demand for E-turbochargers is expected to rise due to their capacity to decrease turbo lag and obtain additional performance benefits. Diesel engine NOx emissions may be reduced by using these E-turbos. In addition, stricter emission standards for gasoline-powered cars will increase demand for turbochargers.
Automotive Turbocharger Market Overview
- Consumers drive the automotive turbocharger industry to focus on more fuel-efficient vehicles.
- In smaller engines, turbochargers boost engine output and efficiency without increasing engine size. To comply with strict fuel economy regulations, which lower fuel consumption and CO2 emissions in line with international environmental goals, manufacturers are introducing turbochargers.
- Regulations about emissions are getting stricter globally, especially in developed nations. These regulations force cars to produce fewer dangerous emissions, such as CO2 and NOx.
- Governments are continuing to tighten emission standards to combat air pollution and climate change, which is significantly driving market growth. As a result, the vehicle industry adopts automotive turbocharging.
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Automotive Turbocharger Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Turbocharger Market: Strategic Insights
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Automotive Turbocharger Market Drivers and Opportunities
Increasing Automobile Production to Favor the Market
- The growing automotive sales in emerging countries are having a positive impact on the evolution of the automotive turbocharger market at a global level.
- Growing demand for fuel-efficient vehicles is also boosting the sales of high-end automobiles sales, which is simultaneously having a positive impact on the automotive turbocharger market in various nations such as North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Growing Technological Advancement
- The manufacturing of automotive turbochargers for automobiles has expanded in tandem with the production of passenger cars and commercial vehicles, among others.
- Vehicles with higher fuel efficiency are becoming more in demand globally.
- Additionally, turbocharged engines can produce more power from smaller displacement engines, which results in increased fuel efficiency.
- Turbochargers greatly improve engine performance because they produce more power and torque. Customers preference for vehicles with improved acceleration, towing capability, and general driving dynamics will find this appealing, especially in the sports and luxury vehicle segments.
- Efficiency, responsiveness, and dependability have been further enhanced by continuous developments in turbocharger technology, such as variable geometry turbochargers (VGT) and electric turbochargers. Due to these advancements, turbochargers are now more widely used in a wider range of car models and engine combinations.
Automotive Turbocharger Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive turbocharger market analysis are vehicle type, technology, fuel type, and application.
- Based on vehicle type, the automotive turbocharger market is divided into light commercial vehicles, heavy commercial vehicles, and passenger cars.
- Based on technology, the automotive turbocharger market is divided into wastegate turbochargers, VGT/VNT turbochargers, and electric turbochargers.
- Based on fuel type, the automotive turbocharger market is divided into gasoline and diesel.
- Based on application, the automotive turbocharger market is divided into OEMs and aftermarket.
Automotive Turbocharger Market Share Analysis by Geography
- The automotive turbocharger market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive turbocharger market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive turbocharger market in these regions.
Automotive Turbocharger Market Report Scope
Automotive Turbocharger Market News and Recent Developments
The automotive turbocharger market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive turbocharger market are listed below:
- Accelleron has unveiled the next generation of turbochargers for two-stroke engines, the ACCX300-L series. The platform-based and easy-service concept complemented by Accelleron’s Turbo Insights digital technology sets a new benchmark for turbocharging that will offer ship operators the flexibility to respond to uncertainty around the fuels they will use and how they will operate their vessels in the future. (Source: Accelleron, Company Website, June 2023)
- Garrett Motion Inc., a differentiated technology leader in the automotive industry, announced the multi-phase expansion of Garrett Motion’s Wuhan facility, including its first high-speed automated production line of advanced variable nozzle technology (VNT) for turbo passenger vehicles. (Source: Garrett Motion Inc, Company Website, June 2023)
Automotive Turbocharger Market Report Coverage and Deliverables
The “Automotive Turbocharger Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive turbocharger market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive turbocharger market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive turbocharger market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive turbocharger market
- Detailed company profiles
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
This text is related
to country scope.
Frequently Asked Questions
The global automotive turbocharger market is expected to grow at a CAGR of 7.6% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive turbocharger market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive turbocharger market in the coming years.
The leading players operating in the automotive turbocharger market are Honeywell International Inc., IHI Turbo America, Continental AG, BorgWarner Inc., Eaton Corporation, Cummins Inc., Mitsubishi Heavy Industries, Ltd., BMTS Technology, Federal-Mogul Holdings LLC.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are 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.
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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