Industry Analysis & Industry Trends
In the past five years, turbocharger manufacturers faced simultaneous positive and negative forces that supported their future but limited growth. Favorable fuel efficiency regulations at the federal level have spurred demand from automakers, but high steel prices and rising competition from cheaper imports have mitigated revenue and profit expansion. The industry is forecast to grow in the coming five years as new regulations continue to pressure automakers to achieve higher fuel economy. Additionally, higher consumer spending power will boost new vehicle purchases, contributing to demand for turbochargers.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis indicates that the industry is in the mature phase of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase an annualized 1.6%. In comparison, US GDP is forecast to rise at an average rate of 1.8% annually during the same period. Although the lag between IVA and GDP can sometimes indicate an industry in decline, other factors support maturity for turbocharger manufacturers, namely the industry's clearly defined downstream markets and favorable regulations that promote engine efficiency.
The industry enjoys wholehearted acceptance from downstream markets... purchase to read more