Market Analysis and Insights: Global Turbocompressor Market
Due to the COVID-19 pandemic, the global Turbocompressor market size is estimated to be worth US$ 13,243.35 million in 2022 and is forecast to a readjusted size of US$ 18,538.46 million by 2028 with a CAGR of 5.77% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, OEM accounting for 87.55% of the Turbocompressor global market in 2021, is projected to value US$ 16,363.97 million by 2028, growing at a revised 5.88% CAGR from 2022 to 2028. While Automotive segment is altered to an 6.61% CAGR throughout this forecast period.
Asia-Pacific Turbocompressor market size was US$ 4020.14 million in 2021, while the North America and Europe Turbocompressor were US$ 1864.48 million and US$ 5618.89 million, severally. The sales proportion of the US was 14.08% in 2021, while China and Europe are 19.27% and 41.27% respectively, and it is predicted that China proportion will reach 21.53% in 2028, trailing a CAGR of 8.02% through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 6.99%, 6.58%, and 7.62% respectively for the next 6-year period.
The global key manufacturers of Turbocompressor include Garrett Motion, BorgWarner, IHI, MHI, Cummins, BMTS TECHNOLOGY, Continental, Hunan Tyen Machinery, and Weifu Tianli Turbocharging, etc. In 2021, the global top five players hold a share approximately 82.27% in terms of revenue.
In terms of production side, this report researches the Turbocompressor production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Turbocompressor by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Turbocompressor Scope and Segment
Turbocompressor market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Turbocompressor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.
Segment by Type
OEM
Aftermarket
Segment by Application
Automotive
Industrial
By Company
Garrett Motion
BorgWarner
MHI
IHI
Cummins
BMTS TECHNOLOGY
Continental
Turbo Energy
Kangyue Technology
Weifu Tianli Turbocharging
Hunan Tyen Machinery
Fengcheng Pacific Shenlong Turbocharger
Weifang Fuyuan Turbochargers
Production by Region
North America
Europe
China
Japan
India
Sales by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Europe
Germany
France
U.K.
Italy
Russia
South America
Brazil
Argentina
Middle East & Africa
Middle East
Africa
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