Compressor Wheel Market Forecasts to 2028 – Global Analysis By Fuel Type (Diesel, Gasoline), End User (Water Treatment Industry, Oil & Gas Industry, Manufacturing Industry, Automobile Industry) and By Geography
According to Stratistics MRC, the Global Compressor Wheel Market is accounted for $17.54 billion in 2020 and is expected to reach $27.95 billion by 2028 growing at a CAGR of 6.0% during the forecast period. The growing need for vehicles with high fuel efficiency, high-power output, and utilization of enhanced turbochargers are the factors driving the market growth. However, the increasing sales of electric vehicles are hampering the market growth.
The compressor wheel is an integral component in the working of the turbocharger used to compress the air flowing into the engine's cylinder. The efficiency of the turbocharger is dependent on the performance of the compressor wheel.
Based on the fuel type, the gasoline segment is going to have lucrative growth during the forecast period due to lower exhaust emissions from gasoline engines, as compared to that from diesel engines.
By geography, North America is going to have high growth during the forecast period owing to the technological advancement, completely mechanized industrial sector, and the existence of giant manufacturers in this region.
Some of the key players profiled in the Compressor Wheel Market include ABI Showatech Private Ltd, BOOSTER Precision Components, BorgWarner Inc, Changzhou E & E Turbo Power Co., Ltd, Doncasters Group Ltd, E&E Turbo , GARRETT MOTION INC, Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd, Nelcon Motor Company , Owen Developments, Pacifica Power Sdn Bhd, PHESSIO TURBO , Turbotech Precision Products Ltd, UACJ Corporation, and Wabtec Corporation.
Estimated Market Size in 2020:
USD 17.54 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 27.95 billion
Tables, Graphs& Figures
Fuel Type, Diameter, Vehicle, Method of Manufacturing, Compressor Wheel Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Fuel Types Covered:
• 20-40 mm
• 40-60 mm
• >60 mm
• Commercial Vehicle
• Passenger Vehicle
Method of Manufacturing’s Covered:
• Cast Compressor Wheels
• Forged Compressor Wheels (Billet)
Compressor Wheel Types Covered:
• Aluminum Compressor Wheel
• Stainless Steel Compressor Wheel
• Titanium Compressor
• Twing Blade Compressor Wheel
End Users Covered:
• Water Treatment Industry
• Oil & Gas Industry
• Manufacturing Industry
• Automobile Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Compressor Wheel Market is majorly driven by growing need for vehicles with high fuel efficiency, utilization of enhanced turbochargers, and manufacturers are focusing on the development of compact and lighter compressor wheels.
The gasoline segment is growing at a highest CAGR due to lower exhaust emission and rise in demand for fuel efficient vehicles.
North America dominated with a significant market share due to the presence of major automobile companies such as Ford and General Motors.
Asia Pacific market is growing at a highest CAGR due to the rapid expansion of manufacturing industries across Asia Pacific.
Key players in Compressor Wheel Market include ABI Showatech Private Ltd, BOOSTER Precision Components, BorgWarner Inc, Changzhou E & E Turbo Power Co., Ltd, Doncasters Group Ltd, E&E Turbo, GARRETT MOTION INC, Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd, Nelcon Motor Company , Owen Developments, Pacifica Power Sdn Bhd, PHESSIO TURBO, Turbotech Precision Products Ltd, UACJ Corporation, and Wabtec Corporation.
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