United Kingdom 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 United Kingdom automotive
turbocharger market in the forecast period, 2023-2027.
According to TechSci Research report, “United Kingdom Automotive Turbocharger Market
By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom 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 United Kingdom's automotive turbocharger
market growth in the coming years.
However, the high maintenance costs and
growing popularity of electric vehicles may restrain the United Kingdom
automotive turbocharger market growth over the forecast period.
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United Kingdom 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 United
Kingdom automotive turbocharger market are:
- Melett Ltd.
- Turbo Dynamics Ltd.
- AET Engineering Limited (AET)
- Owen Developments (UK) Limited
- Tungaloy Corporation
- Garrett Motion Inc.
- Continental AG
- BorgWarner Inc.
- Bosch Mahle Turbosystems GmbH
- ABB-Group
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“The automotive industry is a vital part
of the United Kingdom economy and the sector generated £100 billion in total
trade for the third consecutive year in 2019. Industry-government collaboration
through the automotive council and the Automotive Sector Deal happened between
government and the UK automotive sector supports the industry growth. According
to Automotive Sector deal, the government will invest about a quarter of a
billion pounds to manufacture electric vehicles and construct world-leading testing
environment for connected and autonomous vehicles to boost the growth of
automotive industry. The increase in focus and investments by the public and
private players on developing the automotive industry and the growing number of
new market players are expected to propel the United Kingdom automotive turbocharger
market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United Kingdom
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 United Kingdom 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 United Kingdom automotive turbocharger market.
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