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Automotive Turbocharger Market

Automotive Turbocharger Market Size, Share and Segmentation by Fuel Type (New Energy Engine, Diesel, Alternate Fuel/CNG, Gasoline), by Application (Passenger Vehicles, Commercial Cars, Construction Equipment), by Material (Cast Iron, Aluminium, Others), by Technology (VGT/VNT, Wastegate, Twin-Turbo, Others), by Distribution Channel (OEM, Replacement/Aftermarket), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1012 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Turbocharger Market is expected to grow at a CAGR of 8.6% to USD 26.8 billion by 2028, up from USD 12.8 billion in 2021. The automotive turbocharger industry will be driven by stricter emission regulations and increased usage of TGDI (Turbocharged Gasoline Direct Injection) technology.

A turbocharger is a turbine-driven forced induction device that boosts the efficiency and energy output of an internal combustion (IC) engine by injecting additional compressed air into the combustion chamber. The automotive turbocharger market study examines the usage of turbochargers in passenger cars and commercial vehicles, as well as recent product innovations, government rules governing the use of turbochargers, and market shares of industry participants.

Automotive Turbocharger Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS: 

  • As the demand for gasoline engines grows, diesel car sales are dropping. As a result, turbocharger production has soared.

  • Petrol engines are migrating from naturally aspirated to turbocharged engines faster than ever before.

  • Turbochargers are increasingly being employed in diesel engines to improve fuel efficiency and engine performance.

RESTRAINTS: 

Adding a turbocharger to an engine has its advantages, but it also causes the system to work harder, resulting in increased wear and tear.

  • The turbocharger is critical to circulate cooling oil as frequently as possible in order to keep the turbocharger cool.

  • Turbochargers with poor maintenance might fail prematurely, increasing the load on the engine cooling oil.

OPPORTUNITIES: 

  •  Electric turbochargers deliver more power and better fuel efficiency because turbo lag is eliminated.

  • Electric turbos have a number of advantages and provide less technological obstacles.

CHALLENGES: 

  • Turbo lag is a big issue. The time it takes a turbocharger to develop positive pressure is known as turbo lag.

  •  It takes time for a turbocharger to generate adequate pressure to suck the air in because of frictional and thermal losses.

  • If a turbocharger is not installed properly, it can cause leaks, which will exacerbate turbo lag.

IMPACT OF COVID-19:

Vehicle production has decreased as a result of COVID-19, which is directly proportional to the whole turbocharger market. On the other hand, the pandemic effect is predicted to aid the growth of the gasoline turbocharger category over diesel, as diesel engines are expensive, and the introduction of new pollution laws adds to the expense of diesel engines, particularly in light duty cars.

Furthermore, the impact of COVID-19 would limit buyers' purchasing power, thereby leading to the purchase of gasoline vehicles over diesel vehicles. As a result, a transition toward gasoline engines or GDI is possible. As a result, the turbocharger market will have a better chance of expanding.

MARKET KEY PLAYERS:

Garrett Motion Inc. (US), Continental AG (Germany), Mitsubishi Heavy Industries (Japan), BorgWarner Inc. (US) and IHI Corporation (Japan), Fengcheng Xindongli Turbocharger Co. Ltd (China), Precision Turbo and Engine (US), Bullseye Power LLC (US), Bosch Mahle (Germany), Cummins Inc. (the US), Continental AG (Germany), IHI Corporation (Japan), Mitsubishi Heavy Industries Ltd (Japan), BorgWarner Inc. (US), Honeywell International Inc. (US). Through supply contracts, expansion initiatives, partnerships, and mergers and acquisitions, these corporations have maintained their competitive position in the worldwide market.

MARKET ESTIMATION: 

The global turbocharger market is divided into three types: new energy engines, diesel engines, and gasoline engines. In terms of volume and value, the gasoline sector will lead the market over the projection period. The segment's growth is being aided by the rising use of petrol engine turbochargers in passenger vehicles.

The global turbocharger market is divided into commercial cars and passenger cars based on application. Over the projection period, passenger vehicles will dominate the market in terms of both volume and value. The growing demand for passenger automobiles among a large population, combined with the expansion of global automakers into new emerging markets, is propelling the segment forward. The commercial automobile segment, on the other hand, is expected to grow at a fast rate because to the rise in commercial operations such as commodities and public transit around the world.

MARKET SEGMENTATION:

By Fuel Type

  • New Energy Engine

  • Diesel

  • Alternate Fuel/CNG

  • Gasoline

By Application

  • Passenger Vehicles

  • Commercial Cars

  • Construction Equipment

By Material

  • Cast Iron

  • Aluminium

  • Others

By Technology

  • VGT/VNT

  • Wastegate

  • Twin-Turbo

  • Others

By Distribution Channel

  • OEM

  • Replacement/Aftermarket

Automotive Turbocharger Market Segment Chart

REGIONAL ANALYSIS:

The worldwide automotive turbocharger market study divides the market into four regions: Europe, Asia Pacific (APAC), North America, and the Rest of the World. Over the projection period, the APAC region will lead the market. By 2023, it is expected to increase at a CAGR of 8.15 percent. Rising car production in China and India, large population bases, burgeoning demand for diesel vehicles, economic shifts and upcoming emission norms, rising disposable income, growing demand for automobiles, demand for cars with compact engine sizes, strict vehicle emission regulations, consumers' growing purchasing power in China and India, and high penetration of light vehicles and diesel passenger cars in India are all contributing to the global automotive market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Turbocharger Market Report Scope:

Automotive Turbocharger Market Report Scope:
Report Attributes Details
 Market Size in 2021  US$ 12.8 Bn
 Market Size by 2028  US$ 26.8 Bn
 CAGR   CAGR of 8.6 % From 2022 to 2028
 Base Year  2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By Fuel Type (New Energy Engine, Diesel, Alternate Fuel/CNG, Gasoline)
• By Application (Passenger Vehicles, Commercial Cars, Construction Equipment)
• By Material (Cast Iron, Aluminium, Others), by Technology (VGT/VNT, Wastegate, Twin-Turbo, Others)
• By Distribution Channel (OEM, Replacement/Aftermarket)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles Garrett Motion Inc., Continental AG, Mitsubishi Heavy Industries, BorgWarner Inc., IHI Corporation, Fengcheng Xindongli Turbocharger Co. Ltd, Precision Turbo and Engine, Bullseye Power LLC, Bosch Mahle, Cummins Inc., Continental AG, IHI Corporation, Mitsubishi Heavy Industries Ltd, BorgWarner Inc., Honeywell International Inc.
 Key Drivers • Petrol engines are migrating from naturally aspirated to turbocharged engines faster than ever before.
• Turbochargers are increasingly being employed in diesel engines to improve fuel efficiency and engine performance.
 Challenges • Turbo lag is a big issue. The time it takes a turbocharger to develop positive pressure is known as turbo lag.
• It takes time for a turbocharger to generate adequate pressure to suck the air in because of frictional and thermal losses.

 


Frequently Asked Questions (FAQ) :

Ans:- The Automotive Turbocharger Market Size was valued at USD 12.8 billion in 2021.

Ans:- A turbocharger is a turbine-driven forced induction device.

Ans:- The APAC region is anticipated to be the primary driver of the market.

Ans:- Demand for gasoline engines grows, and petrol engines are migrating to turbocharged engines.

Ans:- Raw material vendors, Distributors, and Regulatory authorities, including government agencies and NGOs, are the stakeholder who has contributed to this report.


Table of Contents:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Turbocharger Market Segmentation, by Fuel Type

8.1 New Energy Engine

8.2 Diesel

8.3 Alternate Fuel/CNG

8.4 Gasoline

 

9. Global Automotive Turbocharger Market Segmentation, by Application

9.1 Passenger Vehicles

9.2 Commercial Cars

9.3 Construction Equipment

 

10. Global Automotive Turbocharger Market Segmentation, by Material

10.1 Cast Iron

10.2 Aluminium

10.3 Others

 

11. Global Automotive Turbocharger Market Segmentation, by Technology

11.1 VGT/VNT

11.2 Wastegate

11.3 Twin-Turbo

11.4 Others

 

12. Global Automotive Turbocharger Market Segmentation, by Distribution Channel

12.1 OEM

12.2 Replacement/Aftermarket

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2  Canada

13.2.3  Mexico

13.3 Europe

13.3.1  Germany

13.3.2  UK

13.3.3  France

13.3.4  Italy

13.3.5  Spain

13.3.6  The Netherlands

13.3.7  Rest of Europe

13.4 Asia-Pacific

13.4.1  Japan

13.4.2  South Korea

13.4.3  China

13.4.4  India

13.4.5  Australia

13.4.6  Rest of Asia-Pacific

13.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

13.6.1  Brazil

13.6.2  Argentina

13.6.3  Rest of Latin America

 

14. Company Profiles

14.1 Garrett Motion Inc. (US)

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 SNS View

14.2 Fengcheng Xindongli Turbocharger Co. Ltd (China)

14.3 Precision Turbo and Engine (US)

14.4 Bullseye Power LLC (US)

14.4 Bosch Mahle (Germany)

14.5 Cummins Inc. (the US)

14.6 Continental AG (Germany)

14.7 IHI Corporation (Japan)

14.8 Mitsubishi Heavy Industries Ltd (Japan)

14.8 BorgWarner Inc. (US)

14.9 Honeywell International Inc. (US)

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

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