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Global Automotive Turbocharger Market: By Fuel Type: Diesel, Gasoline, Others; By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Others; By Technology; By Component; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Turbocharger Market Outlook
The global automotive turbocharger market reached a value of above USD 11 billion in 2021. The industry is further expected to grow at a CAGR of 10% in the forecast period of 2023-2028 to reach a value of more than USD 20 billion by 2027.
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The Asia Pacific Represents a Considerable Share of the Market for Automotive Turbocharger
The Asia Pacific region accounts for a significant share of the automotive turbocharger industry owing to the increasing automobile production in countries such as China, India, and other economies of Southeast Asia. Due to the substantial manufacturing levels of automobiles, China holds a considerable share of the total demand for turbochargers in the region. With the growing demand for automotive turbochargers in original equipment manufacturing (OEMs), the market is witnessing rapid growth.
The North America automotive turbocharger industry is estimated to grow robustly due to the introduction of various government regulations on vehicle emissions. As regulatory bodies such as the Environmental Protection Agency (EPA) of the United States are implementing strict emission standards for on-road vehicles, the demand for automotive turbochargers is increasing. Automobile manufacturers are required by EPA rules to build cleaner engines that are more fuel-efficient, which is bolstering industry growth of automotive turbocharger. Meanwhile, Europe accounts for a significant share of the market due to the extensive presence of leading automobile companies in countries such as Germany, France, Italy, and Spain, which is significantly contributing to the growth of the overall market.
Automotive Turbocharger: Market Segmentation
An automotive turbocharger is a turbine-driven induction device that improves the efficiency and output of internal combustion engines. The device is typically used to direct extra fuel into the combustion chamber in case the atmospheric pressure of vehicles fails to keep up with the necessary output. Automobile manufacturers consider turbochargers to be a viable commodity for keeping fossil fuel engines clean.
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By fuel type, the market is divided into:
- Diesel
- Gasoline
- Others
Based on vehicle type, the market includes:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
The various technologies of automotive turbocharger in the market are:
- Variable Geometry Turbocharger (VGT)
- Wastegate Turbocharger
- Electric Turbocharger
- Twin Turbocharger
- Two Stage Series Turbocharger
- Two Stage Parallel Turbocharger
- Twin Scroll Turbocharger
- Free-Floating Turbocharger
- Double Axle Turbocharger
The major components of automotive turbocharger in the market are:
- Housing
- Compressor
- Turbine
The EMR report looks into the regional markets of automotive turbocharger like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Imposition of Stringent Automotive Emission Norms Augmenting the Market Growth
The introduction of various stringent regulations to minimise emissions and non-renewable energy dependency in the automotive industry is propelling the market for automotive turbocharger. Original equipment manufacturers (OEMs) are increasingly implementing engine-downsizing tactics to maximise vehicle fuel efficiency due to the increasing adoption of strict automobile emission requirements. This trend is projected to drive up demand for turbochargers to reduce vehicle emissions and improve fuel efficiency, which is anticipated to propel the market growth. Moreover, the rising trend of light-weighting engines in commercial vehicles is increasing the shift towards direct gasoline engines, which is estimated to positively impact the market growth in the forecast period.
With the growing demand for fuel-efficient vehicles due to the rising gasoline and diesel prices in the international market, the market for automotive turbocharger is witnessing robust growth. Due to considerable success in both types of fuel engines, the demand for turbocharger-based engine vehicles is increasing rapidly. The growing demand for passenger cars is also increasing the utilisation of automotive turbochargers, hence fuelling the market growth. In addition, the development of fuel cell car turbochargers to improve power production efficiency and provide clean air to fuel cell batteries is estimated to propel the market growth. The introduction of fuel cell technology into passenger cars is expected to further invigorate the market for automotive turbocharger in the forecast period.
Key Industry Players in the Global Automotive Turbocharger Market
The report gives a detailed analysis of the following key players in the global automotive turbocharger market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Continental AG
- Honeywell International Inc.
- Mitsubishi Heavy Industries, Ltd.
- BorgWarner Inc.
- Cummins Inc.
- BMTS Technology GmbH & Co. KG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fuel Type, Vehicle Type, Technology, Component, Region |
| Breakup by Fuel Type | Diesel, Gasoline, Others |
| Breakup by Vehicle Type | Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others |
| Breakup by Technology | Variable Geometry Turbocharger (VGT), Wastegate Turbocharger, Electric Turbocharger, Twin Turbocharger, Free-Floating Turbocharger, Double Axle Turbocharger |
| Breakup by Component | Housing, Compressor, Turbine |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Continental AG, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., BorgWarner Inc., Cummins Inc., BMTS Technology GmbH & Co. KG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Turbocharger Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Turbocharger Historical Market (2018-2022)
8.3 Global Automotive Turbocharger Market Forecast (2023-2028)
8.4 Global Automotive Turbocharger Market by Fuel Type
8.4.1 Diesel
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Gasoline
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Automotive Turbocharger Market by Vehicle Type
8.5.1 Passenger Cars
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Light Commercial Vehicles
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Heavy Commercial Vehicles
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Automotive Turbocharger Market by Technology
8.6.1 Variable Geometry Turbocharger (VGT)
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Wastegate Turbocharger
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Electric Turbocharger
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Twin Turbocharger
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.4.2.1 Two Stage Series Turbocharger
8.6.4.2.2 Two Stage Parallel Turbocharger
8.6.4.2.3 Twin Scroll Turbocharger
8.6.5 Free-Floating Turbocharger
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Double Axle Turbocharger
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.7 Global Automotive Turbocharger Market by Component
8.7.1 Housing
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Compressor
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Turbine
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 Global Automotive Turbocharger Hose Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Automotive Turbocharger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Turbocharger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Turbocharger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Turbocharger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Turbocharger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Continental AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Honeywell International Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mitsubishi Heavy Industries, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BorgWarner Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cummins Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 BMTS Technology GmbH & Co. KG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Turbocharger Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Turbocharger Historical Market: Breakup by Fuel Type (USD Billion), 2018-2022
3. Global Automotive Turbocharger Market Forecast: Breakup by Fuel Type (USD Billion), 2023-2028/
4. Global Automotive Turbocharger Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
5. Global Automotive Turbocharger Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
6. Global Automotive Turbocharger Historical Market: Breakup by Technology (USD Billion), 2018-2022
7. Global Automotive Turbocharger Market Forecast: Breakup by Technology (USD Billion), 2023-2028
8. Global Automotive Turbocharger Historical Market: Breakup by Component (USD Billion), 2018-2022
9. Global Automotive Turbocharger Market Forecast: Breakup by Component (USD Billion), 2023-2028
10. Global Automotive Turbocharger Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Automotive Turbocharger Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Automotive Turbocharger Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Automotive Turbocharger Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Automotive Turbocharger Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Automotive Turbocharger Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Automotive Turbocharger Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Automotive Turbocharger Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Automotive Turbocharger Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Automotive Turbocharger Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Automotive Turbocharger Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Automotive Turbocharger Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Automotive Turbocharger Market Structure
Key Questions Answered in the Report
In 2021, the global automotive turbocharger market attained a value of above USD 11 billion.
The market is projected to grow at a CAGR of 10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach more than USD 20 billion by 2027.
The market is being driven by the increasing manufacturing levels of automobiles and the rising trend of light-weighting engines in commercial vehicles.
The increasing adoption of strict automobile emission requirements, the hiking prices of gasoline and diesel, the introduction of fuel cell technology into passenger cars, and the increasing fuel-efficient vehicles are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major fuel types in the market are diesel, and gasoline, among others.
The types of vehicles in the market are passenger cars, light commercial vehicles, and heavy commercial vehicles, among others.
The different technologies involved in the market are variable geometry turbocharger (VGT), wastegate turbocharger, electric turbocharger, twin turbocharger, free-floating turbocharger, and double axle turbocharger.
The major components are housing, compressor, and turbine.
The major players in the industry are Continental AG, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., BorgWarner Inc., Cummins Inc., and BMTS Technology GmbH & Co. KG, among others.
Analyst Review
The global automotive turbocharger market attained a value of more than USD 11 billion in 2021, driven by the increasing adoption of strict automobile emission requirements. Aided by the rising trend of light-weighting engines in commercial vehicles, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10%. The market is projected to reach beyond USD 20 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fuel type, the automotive turbocharger industry is categorised into diesel and gasoline, among others. On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles, among others. By technology, the industry is classified into variable geometry turbocharger (VGT), wastegate turbocharger, electric turbocharger, twin turbocharger, free-floating turbocharger, and double axle turbocharger. Based on component, the market is divided into housing, compressor, and turbine. The major regional markets for automotive turbocharger are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Continental AG, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., BorgWarner Inc., Cummins Inc., and BMTS Technology GmbH & Co. KG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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