The Automotive Turbocharger Market is expected to grow at a CAGR of 8.78% to USD 29.64 billion by 2031, up from USD 15.12 billion in 2023. 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.
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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.
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.
The global turbocharger market is divided into four types: new energy engines, diesel engines, gasoline engines,and Alternate Fuel/CNG.
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.
By Fuel Type
New Energy Engine
Diesel
Gasoline
Alternate Fuel/CNG
By Vehicle Type
Passenger Vehicles
Commercial Cars
Construction Equipment
By Material
Cast Iron
Aluminium
Others
By Turbo Type
VGT/VNT
Wastegate
Twin-Turbo
Others
By Component
Turbine
Compressor
Housing
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.
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
Garrett Motion Inc. (US), Continental AG (Germany), Mitsubishi Heavy Industries (Japan), BorgWarner Inc. (US), 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.
| Report Attributes | Details |
| Market Size in 2023 | US$ 15.12 Bn |
| Market Size by 2031 | US$ 29.64 Bn |
| CAGR | CAGR of 8.78% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 Vehilce Type (Passenger Vehicles, Commercial Cars, Construction Equipment) • By Material (Cast Iron, Aluminium, Others), By Turbo Type (VGT/VNT, Wastegate, Twin-Turbo, Others) • By Component (Turbine, Compressor, Housing) |
| 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. |
Ans:- The Automotive Turbocharger Market Size was valued at USD 15.12 billion in 2023.
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 Vehicle Type
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 Turbo Type
11.1 VGT/VNT
11.2 Wastegate
11.3 Twin-Turbo
11.4 Others
12. Global Automotive Turbocharger Market Segmentation, by Component
12.1 Turbine
12.2 Compressor
12.3 Housing
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
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 Vehicle Type
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 Turbo Type
11.1 VGT/VNT
11.2 Wastegate
11.3 Twin-Turbo
11.4 Others
12. Global Automotive Turbocharger Market Segmentation, by Component
12.1 Turbine
12.2 Compressor
12.3 Housing
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
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 Vehicle Type
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 Turbo Type
11.1 VGT/VNT
11.2 Wastegate
11.3 Twin-Turbo
11.4 Others
12. Global Automotive Turbocharger Market Segmentation, by Component
12.1 Turbine
12.2 Compressor
12.3 Housing
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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