Canada Automotive Turbochargers Market Outlook

canada's automotive industry is a highly competitive yet valuable sector. according to the most recent transportation in canada report from statistics canada, canadians purchased nearly 1.9 million new cars and light trucks in 2018, and an estimated 250,000 cars and light trucks were sold in the second-hand market. with this kind of demand, the demand for automotive turbochargers, a device which compresses air entering the engine to increase pressure and thus engine power, is expected to grow in the near future. the current turbocharger market in canada is dominated by local canadian companies, such as honeywell and cummins, which account for more than half of all installations. the market shares of automotive turbochargers from european and asian suppliers are growing rapidly. this trend is expected to continue in the years ahead, particularly in the light-truck segment. in addition to local manufacturers, an increasing number of foreign supplier firms have established manufacturing plants in canada over the past decade, particularly in the ontario and quebec marketplaces. these firms, from the united states, germany, italy, and asia, are expected to take a bigger share of the canadian automotive turbocharger market as the automotive industry in canada continues to grow. environmental awareness and regulations have recently become a major factor in the canadian automotive turbocharger market, as these devices are highly efficient in improving fuel efficiency and reducing exhaust emissions. in order to stay competitive, local suppliers are reinforcing their presence in the high-end segment, by using more advanced technologies and providing customised solutions that meet the requirements of each customer. finally, it should be noted that the canadian automotive turbocharger market is highly dependent on the preferences of local consumers, most of whom are conservative and price-sensitive. this is likely to remain a key factor in the near future, as local suppliers focus on offering competitive prices and superior customer service. looking ahead, the canadian automotive turbocharger market is expected to remain highly competitive, due to the presence of foreign suppliers, the environmental concerns driving demand, and the preferences of local consumers. as the industry continues to grow, industry experts anticipate that the size of the market is expected to increase over the next decade.