Global Automotive Turbocharger Market Size, Trends and Growth opportunity, By Vehicle Type (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100981 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 8
Global Automotive Turbocharger Market Size, Trends and Growth opportunity, By Vehicle Type (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automotive Turbocharger Market
Global Automotive Turbocharger Market was valued at USD 10.9 billion in 2021 and is expected to reach USD 20.2 billion by 2027, at a CAGR 9.53% from 2022-2027.
Automotive Turbocharger is defined as a forced induction device that is powered by the flow of exhaust gasses. It uses this energy to compress the intake gas, forcing more air into the engine in order to produce more power for a given displacement.
At the basic level, a turbocharger consists of 3 major components: the turbine, the compressor, and the bearing system which supports the turbine shaft, connecting the turbine and compressor wheels together.
Market Drivers
The increase in the use of turbos in the automotive engine facilitates acceleration by light pedal action and allows driving with modest engine loads. Additionally, it acts as one of the important components in reducing particulate matter emission, thereby leading to a cleaner exhaust. The characteristics lead to lower fuel consumption and minimal environmental impact. These factors lead to the automotive turbocharger market. Strict regulations imposed by governments of many countries related to engine downsizing and emission norms are projected to accelerate the automotive turbocharger market.
Market Restraints
Various restraining factors that are expected to hamper the growth of the automotive turbocharger market is the growing penetration of vehicles using new energy sources, such as electricity and fuel cell. Thus, overall declining ICE vehicle sales are expected to restrict the growth of the market.
Market Segmentation
The Global Automotive Turbocharger Market is segmented into vehicle type, technology, fuel, distribution channel, and region.
Based on vehicle type, the automotive turbochargers market is segmented into passenger vehicles (PV), light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The passenger vehicle type turbochargers dominated the overall market share owing to a large population of passenger vehicles across the globe.
Regional Analysis
The Global Automotive Turbocharger Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The European region held the largest revenue share in the market. European countries such as Germany, Italy, France, and Spain have been home to the top automotive brands in the world. Thus, the region dominates the overall market and is also expected to witness a high growth potential over the forecast period.
Key Players
Various key players are discussed into the Global Automotive Turbocharger Market Report including: Honeywell, BorgWarner, MHI, IHI, Continental, Bosch Mahle, Cummins, ABB, Magnum Performance Turbos Inc, Mitsubishi Heavy Industries Ltd., and Others.
Market Taxonomy
By Vehicle Type
• Passenger Vehicles (PV)
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
By Technology
• VGT/VNT
• Wastegate
• Twin Turbo
By Fuel
• Gasoline
• Diesel
By Distribution Channel
• OEM
• Aftermarket
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Automotive Turbocharger Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Turbocharger Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Turbocharger Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Automotive Turbocharger Market Share Analysis, By Vehicle Type
5.3 Global Automotive Turbocharger Market Size and Forecast, By Vehicle Type
5.3.1 Passenger Vehicles (PV)
5.3.2 Light Commercial Vehicles (LCV)
5.3.3 Heavy Commercial Vehicles (HCV)
6 Global Automotive Turbocharger Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Automotive Turbocharger Market Share Analysis, By Technology
6.3 Global Automotive Turbocharger Market Size and Forecast, By Technology
6.3.1 VGT/VNT
6.3.2 Wastegate
6.3.3 Twin Turbo
7 Global Automotive Turbocharger Market, By Fuel
7.1 Y-o-Y Growth Comparison, By Fuel
7.2 Global Automotive Turbocharger Market Share Analysis, By Fuel
7.3 Global Automotive Turbocharger Market Size and Forecast, By Fuel
7.3.1 Gasoline
7.3.2 Diesel
8 Global Automotive Turbocharger Market, By Distribution Channel
8.1 Y-o-Y Growth Comparison, By Distribution Channel
8.2 Global Automotive Turbocharger Market Share Analysis, By Distribution Channel
8.3 Global Automotive Turbocharger Market Size and Forecast, By Distribution Channel
8.3.1 OEM
8.3.2 Aftermarket
9 Global Automotive Turbocharger Market, By Region
9.1 Global Automotive Turbocharger Market Share Analysis, By Region
9.2 Global Automotive Turbocharger Market Share Analysis, By Region
9.3 Global Automotive Turbocharger Market Size and Forecast, By Region
10 North America Automotive Turbocharger Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Automotive Turbocharger Market Share Analysis, By Vehicle Type
10.3 North America Automotive Turbocharger Market Size and Forecast, By Technology
10.4 North America Automotive Turbocharger Market Size and Forecast, By Fuel
10.5 North America Automotive Turbocharger Market Size and Forecast, By Distribution Channel
10.6 North America Automotive Turbocharger Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Automotive Turbocharger Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Automotive Turbocharger Market Share Analysis, By Vehicle Type
11.3 Europe Automotive Turbocharger Market Size and Forecast, By Technology
11.4 Europe Automotive Turbocharger Market Size and Forecast, By Fuel
11.5 Europe Automotive Turbocharger Market Size and Forecast, By Distribution Channel
11.5 Europe Automotive Turbocharger Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Automotive Turbocharger Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Automotive Turbocharger Market Share Analysis, By Vehicle Type
12.3 Asia Pacific Automotive Turbocharger Market Size and Forecast, By Technology
12.4 Asia Pacific Automotive Turbocharger Market Size and Forecast, By Fuel
12.5 Asia Pacific Automotive Turbocharger Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Automotive Turbocharger Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Automotive Turbocharger Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Automotive Turbocharger Market Share Analysis, By Vehicle Type
13.3 Latin America Automotive Turbocharger Market Size and Forecast, By Technology
13.4 Latin America Automotive Turbocharger Market Size and Forecast, By Fuel
13.5 Latin America Automotive Turbocharger Market Size and Forecast, By Distribution Channel
13.6 Latin America Automotive Turbocharger Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Automotive Turbocharger Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Automotive Turbocharger Market Share Analysis, By Vehicle Type
14.3 Middle East Automotive Turbocharger Market Size and Forecast, By Technology
14.4 Middle East Automotive Turbocharger Market Size and Forecast, By Fuel
14.5 Middle East Automotive Turbocharger Market Size and Forecast, By Distribution Channel
14.6 Middle East Automotive Turbocharger Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Honeywell
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 BorgWarner
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 MHI
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 IHI
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Continental AG
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Bosch Mahle
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Cummins
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 ABB
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Magnum Performance Turbos Inc.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Mitsubishi Heavy Industries Ltd
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies