Global Automotive Turbocharger Market Size, Share, Growth Analysis, By Fuel Type(Gasoline, Diesel), By Vehicle Type(Passenger Vehicle, Light Commercial Vehicle)

Description

Global Automotive Turbocharger Market size was valued at USD 16.47 billion in 2021 and is poised to grow from USD 17.99 billion in 2022 to USD 33.30 billion by 2030, at a CAGR of 9.2% during the forecast period (2023-2030).The global automotive turbocharger market is witnessing substantial growth due to increasing demand for fuel-efficient vehicles and stricter emission regulations. Turbochargers enhance engine efficiency by forcing extra air into combustion chambers. This boosts power output while reducing fuel consumption. Major market players are investing in research to develop advanced turbocharging technologies that balance performance and environmental concerns. The market's expansion is also attributed to rising automotive production in emerging economies and the continuous push for greener transportation solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of automotive turbocharger market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Market Segmental Analysis:

Global Automotive Turbocharger Market is segmented on the basis of fuel type, vehicle type and region. By fuel type, the market is segmented into gasoline, diesel, others. By vehicle type, market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver:

Rising Emphasis on Enhanced Fuel Efficiency to Propel Market Expansion

The surge in the utilization of automotive turbochargers is predominantly driven by the escalating emphasis on achieving heightened fuel efficiency and adherence to more stringent emission standards. Turbochargers facilitate downsized engines in delivering equivalent power to larger counterparts while consuming lesser fuel. By compressing incoming air, these turbochargers enhance engine effectiveness and curtail fuel consumption.

The global automotive sector has been steadily growing, particularly in emerging economies. Escalating disposable incomes, urbanization, and advancing infrastructure have culminated in increased vehicle ownership. Consequently, the demand for automotive turbochargers has experienced a corresponding upswing.

Restraint:

Market Expansion Hindered by Turbo Lag

Market growth faces a setback due to turbo lag, which is the delay in power delivery when a turbocharger takes time to generate optimal boost pressure. This phenomenon can lead to slower acceleration and perceived unresponsiveness, impacting driver satisfaction. Despite technological progress in minimizing turbo lag, it persists as a factor that affects the driving experience.

Market Trends:

To address the growing desire for high-performance automobiles, car manufacturers are investigating the adoption of dual-stage and twin turbocharger mechanisms. These setups incorporate multiple turbochargers, often of varying sizes, to provide elevated levels of power and torque. Dual-stage and twin turbocharger configurations have the potential to enhance throttle response, diminish turbo lag, and elevate engine performance across a broad spectrum of RPMs.

Product Code: SQMIG25C2078

Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
Drivers
Opportunities
Restraints
Challenges
- Regulatory Landscape
- Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Automotive Turbocharger Market by Fuel Type
- Market Overview
- Gasoline
- Diesel
- Other
Global Automotive Turbocharger Market by Vehicle Type
- Market Overview
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Turbocharger Market Size by Region
- Market Overview
- North America
USA
Canada
- Europe
Germany
Spain
France
UK
Rest of Europe
- Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
- Latin America
Brazil
Rest of Latin America
- Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
By Development
By Company
By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Honeywell International Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- BorgWarner Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Mitsubishi Heavy Industries Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Cummins Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Continental AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- IHI Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Eaton Corporation PLC (Ireland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Bosch Mahle Turbo Systems GmbH & Co. KG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Rotomaster International (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Turbo Energy Private Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Precision Turbo & Engine (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Magnum Performance Turbos (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Garrett Motion Inc. (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Turbo International (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Delphi Technologies (United Kingdom)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- MHI Turbocharger (Thailand) Co., Ltd. (Thailand)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- ABB (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Rajamane Industries Pvt. Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Cheetah Turbochargers (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Weifu Tianli (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Zhejiang Rongfa Motor Engine Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
- Hunan Tyen Machinery Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Automotive Turbocharger Market Size, Share, Growth Analysis, By Fuel Type(Gasoline, Diesel), By Vehicle Type(Passenger Vehicle, Light Commercial Vehicle) - Industry Forecast 2023-2030

Description

Table of Contents

Table of Contents