"Market Intelligence for High-Geared Performance"

Automotive Turbo-Compounding System Market Size, Share & Industry Analysis, By Product type (Mechanical Turbo Compounding System, Electric Turbo Compounding System), By Vehicle Type (Racing Cars, Heavy Commercial Vehicles)Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102208 | Status : Ongoing

 

KEY MARKET INSIGHTS

The rising development of megacities has led to an increase in the growth of the construction, mining, and logistics sector, and this has led to a rise in the usage of commercial vehicles. Furthermore, this high usage of commercial vehicles has increased the CO2 emission affecting the environment. Therefore, there has been an implementation of stringent government emission regulations to reduce CO2. This factor is expected to majorly drive the growth of the turbo-compounding system market over the forecast period. Also, the rising demand for fuel-efficient vehicles in hauling operations is likely to boost the market for the turbo-compounding system. The turbo-compounding system help to achieve reduced emissions, improved efficiency, and also optimum power output. The turbo-compounding system also offers a better driving experience and reaction to the engine. During long-distance traffic, over the large fuel consumption can be saved bu the use of the turbo-compounding system. The design of the turbo-compounding is highly integrated and compact.


Up Arrow

Key Market Driver -

The rising demand for the low emission vehicles is expected to drive the growth of the market.

Down Arrow

Key Market Restraint -

The high cost of this system and limited application is expected to be hamper the growth of the market.


The rising demand for fuel-efficient and low emission commercial vehicles is also expected to drive the market for the turbo-compounding system. The turbo-compounding system is also expected to deploy in passenger cars and light commercial vehicles in the future. The high cost of the turbo-compounding system and also limited application of this system for heavy commercial vehicles and racing cars are expected to restrain the growth of this market over the forecast period.

Market Segmentation:      


The global automotive turbo-compounding system market has been segmented into product type, vehicle type, and region. By product type, the global automotive turbo-compounding system market is segmented into the mechanical turbo-compounding and electric turbo-compounding system. The electric turbo-compounding system is expected to show exponential growth in the market over the forecast period owing to its capabilities, such as increased power density with improved fuel efficiency compared to the mechanical turbo-compounding system. This system also avoids issues with backpressure and even complexities of the continuously variable transmission. The mechanical turbo-compounding system is also expected to show steady growth in the market over the forecast period. By vehicle type, further, the market has been segmented into racing cars and heavy commercial vehicles. The heavy commercial vehicle segment is expected to dominate the market over the forecast period. The rising stringent government emission regulations and also increasing demand for the fuel-efficient commercial vehicles is likely to propel the growth of this segment in the market. The racing car segment is also expected to show good growth in the market over the forecast period owing to the rise in the adoption of the electric turbo-compounding in racing cars to enhance the performance of the vehicle.

Key Players Covered in the Automotive Turbo Compounding System Market:


Some of the major companies that are present in the automotive turbo compounding system market include Voith GmbH & Co. KGaA, AB Volvo, MITEC Automotive AG, among others.

Key Insights



  • New Advancements in Turbo Compounding System

  • Number of Products, Key Countries, 2018

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive turbo compounding system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America and Europe are expected to show exponential growth in this market over the forecast period. The increasing adoption rate of the advanced technologies in this region is expected to propel the growth of this market in this region. Also, the presence of the market players in these regions are likely to drive the market’s growth in this region.

To gain extensive insights into the market, Request for Customization


Asia-Pacific is also expected to show good growth in the automotive turbo compounding system market over the forecast period. Owing to the rising growth of the construction and logistics sector, leading to increasing demand for heavy commercial vehicles, which in turn, is expected to drive the market’s growth in this region over the forecast period.

Segmentation






















 ATTRIBUTE


 DETAILS


By Product type



  • Mechanical Turbo Compounding System

  • Electric Turbo Compounding System



By Vehicle Type



  • Racing Cars

  • Heavy Commercial Vehicles



By Region



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



Key Industry Developments:



  • December 2019: AB Volvo has presented a heavy-duty electric truck concept for regional transport and construction owing to lower the impact on the environment and climate. This truck will also lower noise levels and zero exhaust emission benefiting drivers and construction workers.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

KIA
Deloitee
Bosch
Toshiba
Hyundai

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X