Continental extended its line of turbochargers for the aftermarket – BMW, MINI, and brands of the VW group. Continental is now providing the independent spare parts market with more high-efficiency turbochargers that are identical to those installed by manufacturers. In addition to those for Ford, it is supplying products for marques and models of the Volkswagen Group. These include Audi A3, Audi Q2, Seat Ateca, Seat Leon, Skoda Octavia, Skoda Kodiaq, VW Passat, and VW Tiguan, to name just a few.
A global designer, developer, producer, and distributor of timing drive systems and components for the automotive aftermarket, Cloyes Gear & Products, Inc. ("Cloyes"), strategically purchased Rotomaster. Because of their combined wealth of knowledge as Tier One aftermarket suppliers, Cloyes and Rotomaster will greatly benefit from one another's growing businesses. Furthermore, because Rotomaster serves more than 75% of addressable cars already in operation (VIO), Cloyes' clientele will grow even further.
Ans: Increasing choices of people for higher-performance cars and lower emission regulations are the major factors driving the market growth.
Ans: The market size of automotive turbocharger is anticipated to attain a CAGR of ~7.85% over the forecast period, i.e., 2023-2036.
Ans: The major players in the market are Cummins Inc., Rotomaster, Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Vitesco Technologies GmbH, IHI Corporation, Garrett Motion Inc., Bullseye Power Turbo Chargers, Turbo Energy Private Limited (TEL)
Ans: The passenger cars segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.