Authored By: Sarah
06 Jul 2021

Industrial Turbocharger Market: Key Geographic that will Drive Growth

Regional Growth Analysis and Market Trends 2021-2025

The industrial turbocharger market is set to grow by USD 1.22 bn, accelerating at a CAGR of almost 4% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


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Industrial Turbocharger Market: APAC to lead market growth during the forecast period

  • 53% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Industrial Turbocharger Market size.
  • Rise in Stringent emission regulations will be a significant factor in driving the growth of the industrial turbocharger market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • Market is segmented by End-user (Mining and construction equipment, Agriculture equipment, Oil and gas industry, Power industry, and Marine industry) and Geography (APAC, North America, Europe, MEA, and South America).

Industrial Turbocharger Market to Post Incremental Growth of USD 1.22 bn During 2021-2025 | Key Geographies that will Drive Growth

Industrial Turbocharger Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., and Wabtec Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 4%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 1.22 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    stringent emission regulations will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    53% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., and Wabtec Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Mining and construction equipment, Agriculture equipment, Oil and gas industry, Power industry, and Marine industry) and Geography (APAC, North America, Europe, MEA, and South America).

Industrial Turbocharger Market Size to Grow by $ 1.22 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the industrial turbocharger market and it is expected to grow by $ 1.22 billion, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Industrial Turbocharger Market: Receive Free Sample Report


Industrial Turbocharger Market: Emerging Trends to Impact Market Growth

Increase in adoption of additive manufacturing is expected to emerge as a key trend in the industrial turbocharger market. APAC held the largest market share in the industrial turbocharger market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. In addition stringent emission regulations are expected to boost market growth. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Industrial Turbocharger Market to Post Incremental Growth of USD 1.22 bn During 2021-2025 | Key Geographies that will Drive Growth

Industrial Turbocharger Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., and Wabtec Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 4%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 1.22 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Stringent emission regulations will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    53% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., and Wabtec Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Mining and construction equipment, Agriculture equipment, Oil and gas industry, Power industry, and Marine industry) and Geography (APAC, North America, Europe, MEA, and South America)
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