Turkey Automotive Turbocharger Market to be dominated by Passenger Car till 2027
Growing automotive production and sales and the need to
improve performance and safety at higher altitudes are expected to drive the
demand for the Turkey automotive turbocharger market in the forecast period,
2023-2027.
According
to TechSci Research report, “Turkey Automotive Turbocharger Market By Region, Competition
Forecast & Opportunities, 2027”,
the Turkey automotive turbocharger market is expected to witness significant
growth in the forecast period, 2023-2027. The market is driven by the rise in the
number of vehicle sales and manufacturing and increased urbanization and industrialization
and changing standards of living. Increasing concerns regarding greenhouse
emissions and deteriorating air quality have made automobile manufacturers
focus on technological advancements to control the emission. The rise in
applications of automotive turbochargers in light-weight vehicles, off-road
machinery, and passenger cars due to automotive turbochargers' ability to
improve fuel-efficiency engine performance is expected to boost Turkey's
automotive turbocharger market growth in the coming years.
However,
the high maintenance costs and growing popularity of electric vehicles may
restrain the Turkey automotive turbocharger market growth over the forecast
period.
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Automotive Turbocharger Market"
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Turkey
automotive turbocharger market is segmented into vehicle type, engine type, technology
type, operation type, regional distribution, and competitive landscape.
Based
on vehicle type, the market is divided into passenger car, light commercial
vehicle (LCV), medium & heavy commercial vehicle (M&HCV). Passenger car
is expected to hold the largest market share in the forecast period, 2023-2027.
Several market players have invested and commercialized the fuel cell vehicle
turbochargers as it increases the power generation efficiency by delivering
clean air to fuel cell batteries. The adoption of advanced technologies by the
passenger car manufacturers are expected to bolster the market demand in the
coming years.
Based
on engine type, the market is bifurcated into gasoline and diesel. Gasoline
engines are expected to capture the highest market share in the forecast
period. They are witnessing high demand as they are highly fuel-efficient.
Also, the stringent emission norms implemented by the leading authorities is
accelerating the demand for gasoline powered turbocharger.
Based
on technology type, the market is divided into wastegate, VGT/VNT, and electric
turbocharger. VGT/VNT is dominating the market and is expected to maintain its
dominance through the next five years. It is majorly used in diesel-powered
vehicles. VGT/VNT technology has high performance, and the growing popularity
of downsized vehicles are expected to boost the segment demand.
Based
on operation type, the market is divided into conventional turbocharger and
e-turbocharger. E-turbocharger is expected to account for significant market
share in the forecast period as they offer more power and better fuel
efficiency due to the elimination of turbo lag. E-turbocharger are a
combination of motor-driven compressor and high-powered compressor which can
function as soon as the driver presses on the pedal. E-turbos are
fuel-efficient and offer better output.
Major
market players operating in the Turkey automotive turbocharger market are:
- Garrett Motion Inc.
- ABB Turkey
- Garret Motion Inc.
- BorgWarner Inc.
- IHI Corporation
- Mitsubishi Heavy Industries Ltd.
- Bosch Mahle Turbosystems GmbH
- Cummins Turbo Technologies, Inc.
- Magnum Performance Turbos Inc.
- Continental AG
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“Turkey is strong production and
engineering center for the global automotive industry. According to government
data, 1.3 million vehicles will be produced in Turkey in 2021, and it ranks 13
in global automotive production and 4 in Europe automotive production. There
are 159 suppliers in research and development and design centers in Turkey,
which are accredited by the Ministry of Industry and Technology. The government
actively supports the automotive industry and supports the integration of new
technology in automobiles. The growing demand to produce fuel-efficient
vehicles to comply with the European Union standards and increase the number of
export vehicles to other countries is expected to propel the Turkey automotive
turbocharger market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Turkey Automotive
Turbocharger Market By Vehicle Type (Passenger Car, Light Commercial Vehicle
(LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Engine Type
(Gasoline, Diesel), By Technology Type (Wastegate, VGT/VNT, Electric
Turbocharger), By Operation Type (Conventional Turbocharger, e-Turbocharger),
By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future
growth potential of Turkey automotive turbocharger market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Turkey automotive turbocharger market.
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