Global Compressor Wheel Market: Introduction

  • A compressor wheel is a crucial component of a turbocharger and is used to boost the intake of air pressure of an internal combustion engine.
  • Traditionally, compressor wheels are produced from aluminum because of its low density. Aluminum weighs only approximately one third as much as steel. The process to cast compressor wheels is simple and inexpensive with aluminum. In the post-production process, proper heat and solution treatment are required to create a stronger wheel.
  • In more recent times, a high proportion of turbochargers are spinning faster than ever before, with high pressure. Thus, if the compressor wheel has been produced from weak cast materials, then due to high spinning speed, the blades of the compressor wheel will begin to bend backwards. Hence, alternative materials and manufacturing processes are required to handle this pressure.
  • In the past few years, with changing operating conditions and customer demand, the compressor wheel design has improved significantly. New designs of the compressor wheel include flatback, superback, deep superback, and deep superback – extended tip.
  • The global compressor wheel market is projected to expand at a rapid pace during the forecast period, owing to increased demand for turbochargers across the globe.
compressor wheel market

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Global Compressor Wheel Market: Dynamics

Increase in Demand for Highly Functional Turbocharger

  • Expansion of liquid natural gas (LNG) trade, increasing number of water and wastewater treatment plants and growth of oil and gas refinery sector has augmented the demand for turbo compressor. Newly designed, advanced turbochargers are spinning at a very high speed than ever before. This has led to the prominent development in compressor wheel design to meet the changing conditions of turbocharger. Thus, with increase in demand for highly functional turbocharger is expected to drive the demand for compressor wheel in the upcoming years.
compressor wheel market 1

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North America to Hold Major Share of the Compressor Wheel Market

  • North America dominated the global compressor wheel market in 2018, accounting for significant share. The U.S. is the key market in North America due to technology advancement and presence of well-established manufacturers in the region which indirectly boosts the demand for compressor wheels in the country.
  • The compressor wheel market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to the expanding automobile market in India and China which has led to rising demand for compressor wheels. This is anticipated to propel the compressor wheel market across the region.

Global Compressor Wheel Market: Competitive Landscape

ABI Showatech (India) Private Limited

Founded in 1991, ABI Showatech (India) Private Limited is headquartered in Chennai, Tamil Nadu. ABI manufactures master cylinders, wheel cylinders, other brake parts, and turbocharger components. It caters to both domestic as well as international automotive customers. ABI exports to North America, Europe, and the U.K.

Nelcon Motor Company

Incorporated in 2002, Nelcon Motor Company is a manufacturer, supplier, and exporter of turbocharger compressor wheel from India. The company specializes in designing and manufacturing of Turbocharger, Automobile Turbocharger, and Turbocharger Kits.

Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd.

Jiangyin Uni-Pol incorporated in 2005 as a joint venture between Polycast Ltd. INTL and Uni-Metal LTD China. Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd. incorporated and started its activity in 2009. It is headquartered in Maharashtra, India. It is a global company and a leader in turbine compressor wheel manufacturing. It offers its services to various industries including automotive, aerospace, and high precision industries.

E&E Turbo

Incorporated in 2002, E&E Turbo is located in Changzhou, Jiangsu province, China. The company is specialized in professional developing of turbocharger assemblies along with its component parts.  E&E Turbo offers its services to a wide variety of industries such as marine, automotive, train, air, and industrial. It has a wide range of product line including compressor wheel, turbine wheel, complete turbo, repair kit, cartridge (CHRA, core assy.), turbine housing, bearing housing, nozzle ring, actuator, and compressor cover.

Other Key players operating in the global compressor wheel market include:

  • Turbotech Precision Products Ltd
  • UACJ Corporation
  • Doncasters Group Ltd
  • Melett Ltd.
  • ABI Showatech (I) Private Limited
  • Wabtec Corporation

Global Compressor Wheel Market: Segmentation

The global compressor wheel market can be segmented on the basis of:

  • Type
  • Region

Global Compressor Wheel Market Segmentation – By Type

  • Aluminum Compressor Wheel
  • Titanium Compressor Wheel
  • Stainless Steel Compressor Wheel
  • Twin Blade Compressor Wheel

Global Compressor Wheel Market Segmentation – By Diameter

  • 20 mm – 40 mm

  • 40 mm – 60 mm

  • More than 60 mm

Global Compressor Wheel Market Segmentation – By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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