Growth Factors of the Automotive Turbocharger Market
The Automotive Turbocharger market size was valued at USD 8.20 billion in 2018, and the market is now projected tgrow from USD 8.20 billion in 2018 tUSD 10.00 billion by 2032, exhibiting a CAGR of 1.5% during the forecast period of 2019-2032.
The COVID-19 pandemic drastically impacted the Automotive Turbocharger market growth, as disruptions in worldwide supply chains, factory shutdowns, and declining vehicle sales created full-size demanding situations for producers. The drop in demand for new motors, in particular at some stage in the early ranges of the pandemic, slowed the adoption of turbochargers, as automakers were not on time with production and improvement of the latest fashions. However, the marketplace showed resilience within the latter stages, driven by increasing demand for gas-efficient and emission-compliant motors as economies commenced timprove. The shift closer telectric-powered and hybrid cars alsspurred innovation in the turbocharger era, with manufacturers that specialise in integrating turbochargers inthybrid systems tdecorate performance and efficiency.
Automotive engine downsizing has been popular in the automotive enterprise in recent years. The car turbocharger machine complements the output strength of engines without any exchange in the piston displacement. This issue leads tthe downsizing of engines with higher gasoline performance and extra performance. Manufacturing groups are downsizing engines by decreasing piston displacement and the number of cylinders and are integrating turbochargers, which could offer extra energy and torque via the engine. The rising recognition of engine downsizing in vehicles is penetrating the boom of the automotive turbocharger marketplace. Engine downsizing will contribute tmore desirable protection, low fees, excessive durability, and greater gasoline efficiency. This helps in increasing the Automotive Turbocharger market share.
Additionally, the authorities are likewise taking numerous projects and offering subsidies tsell cars the world over. The authorities are likewise making an investment in research treinforce the automotive industry. The transition from BS-IV tBS-VI emission norms is predicted tenhance the manufacturing and sale of automobile cars in the coming years.
Comprehensive Analysis of Automotive Turbocharger Market
The automobile turbocharger marketplace is segmented using era kind, fuel kind, and automobile type. Wastegate turbochargers dominate the generation section because of their potential toffer maximum torque and engine energy even as being price-effective compared tvariable geometry turbochargers. Based on gasoline kind, diesel engines keep the biggest market share, as diesel turbochargers decorate performance, enhance gasoline efficiency, and offer excessive durability, making them best for personalisation and decreasing CO₂ emissions. In terms of vehicle type, passenger vehicles lead the market, driven by the aid of rising disposable earnings, growing demand for gasoline-efficient vehicles, and stringent authorities’ emission guidelines. Prominent producers are investing in advanced engines tfulfil those evolving demands.
Asia Pacific holds the largest proportion of the automobile turbocharger market because of the excessive volume of passenger automobiles in this area. Some of the hastily developing economies including India and China, are the main nations that keep the maximum number of sales and production of cars, which is similarly propelling the boom of the turbocharger market in this vicinity.
Garrett Motion (Switzerland), Continental GT (Germany), Aptiv PLC (Ireland), Turbonetics (United States), ABB (Switzerland), Cummins Inc. (United States), NingbMotor Industrial Co. Ltd. (China), Precision Turband Engine Inc. (United States), and Robert Bosch GmbH (Germany) are main gamers within the turbocharger market, each contributing timprovements in overall performance, fuel efficiency, and emission manage technology across the car industry.
In June 2021, MAN Energy Solutions and Rolls-Royce signed a strategic partnership agreement sas tsee MAN's PBST logdistribute modern mtu turbochargers. With this partnership, the businesses integrate their talents, consisting of Rolls-Royce's present-day high-efficiency mtu turbocharger generation for excessive-velocity diesel and fuel engines and PBST’s global sales structure for turbochargers.
Segmentation Table
Global Automotive Turbocharger Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 1.5% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By technology Type, fuel Type, vehicle Type, and Region
By technology Type
Variable Geometry Turbocharger/ Variable Nozzle Turbine
Wastegate Turbocharger
Electric Turbocharger
By fuel Type
Gasoline
Diesel
by vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Region
North America (U.S., Canada, and Mexico)
Europe (U.K., Germany, France and Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)
Rest of the World
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Turbocharger Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology Type
- 5.2.1. Variable Geometry Turbocharger
- 5.2.2. Wastegate Turbocharger
- 5.2.3. Electric Turbocharger
- 5.3. Market Analysis, Insights and Forecast – By Fuel Type
- 5.3.1. Gasoline
- 5.3.2. Diesel
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Light Commercial Vehicles
- 5.4.3. Heavy Commercial Vehicles
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia pacific
- 5.5.4. Rest of the World
- 6. North America Turbocharger Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Technology Type
- 6.2.1. Variable Geometry Turbocharger
- 6.2.2. Wastegate Turbocharger
- 6.2.3. Electric Turbocharger
- 6.3. Market Analysis – By Fuel Type
- 6.3.1. Gasoline
- 6.3.2. Diesel
- 6.4. Market Analysis – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Light Commercial Vehicles
- 6.4.3. Heavy Commercial Vehicles
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. Europe Turbocharger Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Technology Type
- 7.2.1. Variable Geometry Turbocharger
- 7.2.2. Wastegate Turbocharger
- 7.2.3. Electric Turbocharger
- 7.3. Market Analysis – By Fuel Type
- 7.3.1. Gasoline
- 7.3.2. Diesel
- 7.4. Market Analysis – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicles
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Rest of Europe
- 8. Asia Pacific Turbocharger Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Technology Type
- 8.2.1. Variable Geometry Turbocharger
- 8.2.2. Wastegate Turbocharger
- 8.2.3. Electric Turbocharger
- 8.3. Market Analysis – By Fuel Type
- 8.3.1. Gasoline
- 8.3.2. Diesel
- 8.4. Market Analysis – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Light Commercial Vehicles
- 8.4.3. Heavy Commercial Vehicles
- 8.5. Market Analysis – By Country
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. South Korea
- 8.5.5. Rest of Asia Pacific
- 9. Rest of the World Turbocharger Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Technology Type
- 9.2.1. Variable Geometry Turbocharger
- 9.2.2. Wastegate Turbocharger
- 9.2.3. Electric Turbocharger
- 9.3. Market Analysis – By Fuel Type
- 9.3.1. Gasoline
- 9.3.2. Diesel
- 9.4. Market Analysis – By Vehicle Type
- 9.4.1. Passenger Cars
- 9.4.2. Light Commercial Vehicles
- 9.4.3. Heavy Commercial Vehicles
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2018)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & Services, SWOT analysis, Recent developments, strategies,financials (based on availability))
- 10.5.1. Garrett Motion
- 10.5.1.1. Overview,
- 10.5.1.2. Products & Services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Continental GT
- 10.5.2.1. Overview,
- 10.5.2.2. Products & Services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Turbonetics
- 10.5.3.1. Overview,
- 10.5.3.2. Products & Services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. ABB
- 10.5.4.1. Overview,
- 10.5.4.2. Products & Services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Aptiv PLC
- 10.5.5.1. Overview,
- 10.5.5.2. Products & Services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Robert Bosch GmbH
- 10.5.6.1. Overview,
- 10.5.6.2. Products & Services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Cummins Inc.
- 10.5.7.1. Overview,
- 10.5.7.2. Products & Services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. Ningbo Motor Industrial Co.Ltd.
- 10.5.8.1. Overview,
- 10.5.8.2. Products & Services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Mahle
- 10.5.9.1. Overview,
- 10.5.9.2. Products & Services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Precision Turbo and Engine Inc.
- 10.5.10.1. Overview,
- 10.5.10.2. Products & Services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
- 10.5.11. Rotomaster International
- 10.5.11.1. Overview,
- 10.5.11.2. Products & Services,
- 10.5.11.3. SWOT analysis,
- 10.5.11.4. Recent developments,
- 10.5.11.5. strategies,
- 10.5.11.6. financials (based on availability)
- 10.5.12. Mitstubishi Heavy Industries. Ltd
- 10.5.12.1. Overview,
- 10.5.12.2. Products & Services,
- 10.5.12.3. SWOT analysis,
- 10.5.12.4. Recent developments,
- 10.5.12.5. strategies,
- 10.5.12.6. financials (based on availability)
- 10.5.13. IHI Corporation
- 10.5.13.1. Overview,
- 10.5.13.2. Products & Services,
- 10.5.13.3. SWOT analysis,
- 10.5.13.4. Recent developments,
- 10.5.13.5. strategies,
- 10.5.13.6. financials (based on availability)
- 10.5.14. Kompressorenabau Bannewitz GmbH
- 10.5.14.1. Overview,
- 10.5.14.2. Products & Services,
- 10.5.14.3. SWOT analysis,
- 10.5.14.4. Recent developments,
- 10.5.14.5. strategies,
- 10.5.14.6. financials (based on availability)
- 10.5.15. Fuyuan Turbocharger Co, Ltd
- 10.5.15.1. Overview,
- 10.5.15.2. Products & Services,
- 10.5.15.3. SWOT analysis,
- 10.5.15.4. Recent developments,
- 10.5.15.5. strategies,
- 10.5.15.6. financials (based on availability)
- 10.5.16. Marelli Corporation
- 10.5.16.1. Overview,
- 10.5.16.2. Products & Services,
- 10.5.16.3. SWOT analysis,
- 10.5.16.4. Recent developments,
- 10.5.16.5. strategies,
- 10.5.16.6. financials (based on availability)
- 10.5.17. Turbo Dynamics
- 10.5.17.1. Overview,
- 10.5.17.2. Products & Services,
- 10.5.17.3. SWOT analysis,
- 10.5.17.4. Recent developments,
- 10.5.17.5. strategies,
- 10.5.17.6. financials (based on availability)
- 11.
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