Global Automotive Turbocharger Market: Key Highlights
Global Automotive Turbocharger Market: Key Market Dynamics
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Global Automotive Turbocharger Market: Regional Overview
Europe is expected to witness demand of automotive turbocharger with growing automotive industry in countries such as Germany, Italy, France, and Spain. Presence of key players such as BMW Group, DAF Trucks, Daimler, Fiat Chrysler Automobiles, and Ford may propel the demand for product. According to ACEA (European Automobile Manufacturers Association), 19.2 million vehicles where produced in the European Union.
Rising automotive production levels in countries such as China, India and South East Asian economies has expected to witness growth during the forecasted period. However, the contingency regarding the automotive manufacturing trends in the region post COVID-19 pandemic is expected to negatively impact the overall market growth.
Global Automotive Turbocharger Market: Key Players Overview
BorgWarner Inc. was incorporated in 1901 and has its presence in 19 countries across the globe. The company serves light vehicles, medium & heavy duty, off highway, and aftermarket with its different products and solutions. In April 2019, the company has announced portfolio expansion in which includes 13 new turbocharger products.
Founded in 1871, Continental AG operates through wide range of products including tire, automotive product, and contitech products. In 2019, the company generated sales of USD 50.56 billion in 59 countries and market. In 2019, Continental AG launched world’s first ring catalyst turbocharger further boosts engine efficiency in hybrids.
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