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(USGovernment-News.Com, February 15, 2019 ) Global Automotive Turbochargers Market industry valued approximately USD 11.17 billion in 2016 is anticipated to grow with a healthy growth rate of more than 8.43% over the forecast period 2017-2025. The major factors driving the growth are the strict fuel emission standards, escalating vehicle production, increasing tendency of reducing the size of engine, and needs for improved fuel performance and economy.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Vehicle Type: ? Agricultural Tractors ? Construction Equipment
Regions: ? North America o U.S. o Canada ? Europe o UK o Germany ? Asia Pacific o China o India o Japan ? Latin America o Brazil o Mexico ? Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015 Base year – 2016 Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Mitsubishi Heavy Industries Ltd., Honeywell Transportation Systems, Eaton Corporation PLC, Continental AG, Cummins Inc., BorgWarner, IHI Corporation and Rotomaster International. The companies are also trying to dominate the market by investing in research and development. Acquisitions and effective mergers, new product launches and focuses on continuous technology innovations are some strategies adopted by the major players.
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