Global Turbochargers Market Growth 2023-2029

Global Turbochargers Market Growth 2023-2029

Turbocharger is a type of forced induction system. Turbocharger uses the exhaust flow from the engine to spin a turbine, which in turn spins an air pump, compressing the air flowing into the engine. Turbocharger lets the engine squeeze more air into a cylinder and more air means more fuel can be added. So the engine can produce more power without increasing the engine emissions. The turbocharger has four main components, the turbine, the compressor, the control system and the bearing system.

LPI (LP Information)' newest research report, the “Turbochargers Industry Forecast” looks at past sales and reviews total world Turbochargers sales in 2022, providing a comprehensive analysis by region and market sector of projected Turbochargers sales for 2023 through 2029. With Turbochargers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turbochargers industry.

This Insight Report provides a comprehensive analysis of the global Turbochargers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turbochargers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Turbochargers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turbochargers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turbochargers.

The global Turbochargers market size is projected to grow from US$ 18740 million in 2022 to US$ 38650 million in 2029; it is expected to grow at a CAGR of 38650 from 2023 to 2029.

Europe is the largest region of Turbochargers, with a market share about 40%, followed by China and North America, etc. Major players of the turbochargers market include Borgwarner Inc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd, IHI Corporation, Continental AG, and Cummins Inc. The top 5 manufacturers occupied about 80% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Turbochargers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Mono Turbo

Twin Turbo

Segmentation by application

Automotive

Engineering Machinery

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Honeywell

BorgWarner

MHI

IHI

Cummins

Bosch Mahle

Continental

Hunan Tyen

Weifu Tianli

Kangyue

Weifang Fuyuan

Shenlong

Okiya Group

Zhejiang Rongfa

Hunan Rugidove

Key Questions Addressed in this Report

What is the 10-year outlook for the global Turbochargers market?

What factors are driving Turbochargers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Turbochargers market opportunities vary by end market size?

How does Turbochargers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.