Europe Compressor Wheel Market Report

Europe Compressor Wheel Market Report, By Type (Stainless Steel Compressor Wheel, Aluminium Compressor Wheel, Titanium Compressor Wheel, Twin Blade Compressor Wheel), Applications (Automobile Industry, Manufacturing Industry, Oil and Gas Industry, Aerospace, Water Treatment Industry) , Diameter (20-40 mm, 40-60 mm, More than 60 mm) and Country – Europe Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11271 | Publish Date : December 2021 | Industry : Machinery_Equipment | Geography : Europe


COVID-19 Impact Analysis on Europe Compressor Wheel Market

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Europe compressor wheel market. In addition, complete analysis of changes on the Europe compressor wheel market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Likewise, the COVID-19 virus spread on one side has provided ample of growth opportunity for market with rise in automotive or vehicle demand. And on the other hand supply chain disruption has affected the market. In addition, growing demand for the turbocharger in automotive industry and requirement for compressor wheel has driven the Europe compressor market

Market Overview- Europe Compressor Wheel Market

Market Drivers 

The Europe compressor wheel market is specifically driven by various factors like rising development of automotive industry, increasing fuel efficiency requirement among consumer and buyer of automotive has led the rise in demand for the market. Furthermore, rapid urbanization and rise in automotive usage has certainly accelerated the demand for the market. Thus with rapid demand for automotive is further surging the growth of compressor wheel in the market. Also, presence of countries like Germany, United Kingdom, and Italy among others among others has certainly contributed healthy growth in the market. Furthermore, enactment of stringent emission norms and rise in demand for high power vehicles has boosted the growth of market to major extend. 

Market Opportunity

The market is likely to have rapid growth  in market with rising new growth opportunities like growing advancement in the production of material like stainless steel, aluminum, titanium has fuelled the market growth. Likewise, emerging manufacturer focus on producing different compressor wheel in market has accelerated the market growth.  The effective use of compressor wheel with various features and advantages of compressor wheel like cost saving due to less material consumption has boosted the market to major extend with new growth opportunity.                                                                                                                                               

Market Restraints

The market in Europe due covid-19 pandemic has certainly significantly forced for temporary shutdown of production and manufacturing activities which has affected the manufacturing, production, sales and distribution of market products thereby declining the market growth during the pandemic. However, post Covid-19 the market has witnessed a rise in demand for the market. 

Market Growth Challenges

The market in Europe is anticipated to witness growth challenge likes surge in demand from consumers for electric vehicles. On the other hand growing demand and adoption of electric vehicle with new technologies is anticipated to create new challenge for the market growth. Furthermore, altering consumer preference for electric vehicle as an alternative of conventional petrol or diesel and implementation of electric powered compressor has hampered the market growth to major extend. 

Cumulative Growth Analysis

The report provides in-depth analysis of Europe compressor wheel market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various compressor wheel in various applications  has led the increasing demand for  market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028. 


11271-europe-compressor-wheel-market-report


Europe Market Segmental Overview

The Europe compressor wheel market comprises of different market segment like type, applications, diameter, and country. 

Europe Compressor Wheel Market by Type 

By type, the compressor wheel includes key segment of stainless steel compressor wheel, aluminium compressor wheel, titanium compressor wheel, twin blade compressor wheel. Aluminium compressor wheel is likely to have rapid demand in compressor wheel market specifically due to its availability in simpler design, effective and supports in improvising compete turbocharger. Besides, these aluminium compressor wheel are mostly present in different shape, size and with different design and structural view. This feature is expected to create ample of new growth opportunities for market over the forecast period. Likewise, titanium compressor wheel followed by twin blade compressor wheel is expected to hold second in the market.  

Europe Compressor Wheel Market by Application

The compressor wheel market finds its major application in automobile industry, manufacturing industry, oil and gas industry, aerospace, water treatment industry and others. Automobile industry is the leading segment in the Europe compressor wheel market. The segment is driven by various factors like rapid demand for automobile industry, growing urbanizations, rise in sales and distribution, enactment of stringent emission norms, demand for high power vehicles has contributed healthy growth in the market. On the other side, oil and gas industry followed by manufacturing industry is anticipated to contribute healthy growth in the market during the estimated time period. 

Europe Compressor Wheel Market by Diameter 

The compressor wheel market is significantly studied for key diameter like 20-40 mm, 40-60 mm, more than 60 mm. In Europe, more than 60 mm has gained majority of market share in the compressor wheel market.  The key factor contributing in the market growth are increasing performance in turbocharger within the more than 60 mm. Besides, this diameter take more pressure and heat to spin the turbine, creating interval at low speed.  Likewise, the demand for 40 to 60 mm is estimated to have high power potential within its diameter which is expected to growth at major extend. Similarly, 20-40 mm is contributing healthy growth in the market. 

Europe Compressor Wheel Market by Country 

The Europe compressor wheel market is studied for the following countries Germany, United Kingdom, France, Italy, Spain, and Rest of the Europe. In Europe, Germany followed by United Kingdom is anticipated to drive the market at a specific growth. The key factors which has led the Germany country to dominate in Europe market are with the emerging demand from various application like automotive, manufacturing industry, oil and gas industry, aerospace, water treatment industry and others. The compressor wheel contribute in different application for the high precision with the increase in surface quality and supports for achieving good dimension precision. Also, the market helps for high durability which is indeed propelling the market growth to major extend. Likewise,    in U.K. aerospace is second largest industry which further led the requirement for various compressor wheel market products in automobile sector. Similarly, France followed by Italy, Spain, and Rest of the Europe are contributing healthy growth in the market. 

Competitive Landscape Analysis

The competitive landscape analysis of compressor wheel market is majorly focused on expanding the Europe growth of compressor wheel with new product innovation, business expansion, increasing presence of range of manufacturer operating in compressor wheel has led the growing demand for the market.  Besides, the market offers range of products in different application to fulfill the required demand of consumer which is further contributing healthy growth in the market.  

The key players studied in market are ABI Showatech Private Ltd, BOOSTER Precision Components, BorgWarner Inc, Doncasters Group Ltd, E&E Turbo, Garrett Motion Inc, OTS Turbo, Nelcon motor co, Owen Developments, Pacifica Power Sdn Bhd, PHESSIO TURBO, TurboSystems, Turbotech Precision Products Ltd, UACJ Corporation, Wabtec Corporation and Mitsubishi Heavy Industries, Ltd among others. 

Recent Development:

September 2021: The BorgWarner Inc Company announced the launch of the newest member of the Engineered for Racing (EFR) later this year. The EFR 8370 Super-Core will make its introduction at PRI. This Super-Core addresses the racing industry’s need for a turbo that provides a powerful boost without overspeeding.

June 2019: ABB Turbocharging has launched the new A255-L and A260-L turbochargers optimized for medium and small bore two-stroke diesel and gas engines.

October 2018: BorgWarner announced that the company is boosting the power potential of its durable, high-performance Engineered for racing (EFR) Series aftermarket turbochargers with the announcement of three new super-cores – the new EFR 8474, EFR 9274 and EFR 9280 – featuring new compressor wheels with updated blade geometries and larger inducer diameters.

Europe Compressor Wheel Market Summary

Compressor wheel is ideally a part of turbocharger which is widely used in different application like automobile industry, manufacturing industry, oil and gas industry among others. Over 15 million turbos are produced globally each year which provided the durability and dimension precision which is often needed in application sectors. The turbocharger are ideally centrifugal compressor driven by an exhaust gas turbine and employed in engines to boost the air pressure. Besides, turbocharger performance mostly influence all important engine parameter such as fuel economy, power and emissions. In Europe the market is anticipated to have rising new growth opportunity in market. 

The Europe compressor wheel market comprises of different market segment like type, applications, diameter, and country. By type, the compressor wheel includes key segment of stainless steel compressor wheel, aluminium compressor wheel, titanium compressor wheel, twin blade compressor wheel. Aluminium compressor wheel is likely to have rapid demand in compressor wheel market specifically due to its availability in simpler design, effective and supports in improvising compete turbocharger. The compressor wheel market finds its major application in automobile industry, manufacturing industry, oil and gas industry, aerospace, water treatment industry and others. Automobile industry is the leading segment in the Europe compressor wheel market. The compressor wheel market is significantly studied for key diameter like 20-40 mm, 40-60 mm, more than 60 mm. In Europe, more than 60 mm has gained majority of market share in the compressor wheel market.  The Europe compressor wheel market is studied for the following countries Germany, United Kingdom, France, Italy, Spain, and Rest of the Europe. In Europe, Germany followed by United Kingdom is anticipated to drive the market at a specific growth.

Scope of the Report:

  • Market Sizing for Year : 2021-2028
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Value : USD million 
  • Market Segment studied: Type, Applications, Diameter, and Country.
  • Market Players and its Competitors: ABI Showatech Private Ltd, BOOSTER Precision Components, BorgWarner Inc, Doncasters Group Ltd, E&E Turbo, Garrett Motion Inc, OTS Turbo, Nelcon motor co, Owen Developments, Pacifica Power Sdn Bhd, PHESSIO TURBO, TurboSystems, Turbotech Precision Products Ltd, UACJ Corporation, Wabtec Corporation and Mitsubishi Heavy Industries, Ltd among others

FAQ Section-

1) What are the drivers for Compressor Wheel market?

The key driving factors of the market are in growing automotive industry, fuel efficiency and better engine performance and rapid urbanization and industrialization in developing countries

2) Which is the leading application segment for Compressor Wheel market?

Automobile Industry has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

3) Which country is gaining majority of market share during the forecast period (2021-2028)? 

Germany is expected to gain major market share during the forecast period (2021-2028).