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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

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  • 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