The Report “Asia Pacific Turbocharger Market by Fuel Type (Gasoline & Diesel), By Vehicle Type (Passenger Cars, LCV, HCV) and By Country (China, Japan, India, & South Korea) - Trends and Forecast up to 2019” is estimated to reach $4,080.1 million by 2019, at a CAGR of 10.7% from 2014 to 2019.
Browse through the TOC of the Asia Pacific Turbocharger Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The Asia-Pacific turbocharger market is classified into fuel type, vehicle type, and country. The fuel type segment has been further categorized into gasoline and diesel. The vehicle type segment has been segmented into passenger car, LCV, and HCV. The countries taken into consideration include China, Japan, India, and South Korea.
In 2014, China is estimated to hold the largest share in the turbocharger market, followed by Japan. The passenger car segment of turbocharger market is estimated to account for a maximum share in 2014, followed by the LCV application. Considering fuel type, the diesel-powered vehicle segment is expected to account a major share, whereas the gasoline-powered vehicle segment is expected to grow at a 10.3% CAGR during the forecast period.
Currently, Asia-Pacific is the largest market for turbochargers globally, and is expected to retain this position in the near future. Factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market.
On the other hand, factors such as high-cost of turbocharged vehicles, maintenance cost, and upcoming electric and hybrid vehicles are estimated to restrict growth in this market. However, with upcoming emission norms, the market in this region is estimated to grow during the forecast period.
IHI Corporation, Mitsubishi Heavy Industries Ltd., Turbo Energy Ltd, and Honeywell International Inc. are major players in the Asia-Pacific turbocharger market.
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