Global Market Automotive Turbocharger is Anticipated to grow at a Significant Pace i.e., USD 19.21 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global automotive turbocharger market is expected to witness a CAGR of 10.1% during the forecast period. Turbochargers are used in the automotive industry to meet the standards regulated by the government regarding the emission of exhaust gases like CO2 and other harmful gases from the vehicle. The reduction in NOx emission limits in forthcoming emission norms and rising demand for passenger cars having gasoline engines will propel the growth of the global automotive turbocharger market. The increased adoption of Turbocharged Gasoline Direct Injection (TGDI) technology in countries like China, the US, and Europe will led to the growth of the automotive turbochargers market.  The manufacturers in the automotive turbocharger industry are spending a huge amount of money in R&D activities to develop advanced technology, designs, and mechanisms so as to enhance the performance of the engine and reduce the consumption of fuel.

In May 2021, BorgWarner signed a contract to supply electric turbochargers, i.e., eTurbo a major European OEM for use in high voltage hybrid vehicles.The eTurbo is a mechanical turbocharger with an ultra-fast electric motor connected directly to the shaft.

The COVID-19 outbreak has reduced the production of vehicles, resulting in a slowdown in the automotive turbocharger market. However, the pandemic will have a positive influence on the gasoline turbocharger market as diesel engines are expensive and implementation of emission norms will increase the cost of diesel engines.  Moreover, the outbreak will have a positive effect on ICE vehicles as Many OEMs have delayed their electric vehicle plans, resulting in a better chance for growth of the turbocharger market.

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Automotive Turbocharger Market by Fuel Type (Gasoline and Diesel), by Technology (VGT/VNT, Wastegate, and Twin-Turbo), by Vehicle Type (PCV, LCV, and HCV), by Distribution Channel (OEM and Aftermarket), and Region - Global Forecast to 2027"

By vehicle type, the rising adoption of automotive turbochargers in PCV will dominate the market during the forecast period.

Based on vehicle type, the automotive turbocharger market is divided into PCV, LCV, and HCV. The PCV segment dominates the automotive turbocharger market owing to the implementation of mandatory emission norms by the government so as to decrease harmful emissions from passenger vehicles. Thus, automobile manufacturers are integrating automotive turbochargers in passenger cars and heavy-duty vehicles.

Global Automotive Turbocharger Market Segmentation Analysis

Segment

Categorization

Leading Category

Fuel Type

Gasoline and Diesel

Gasoline (Largest)

Technology

VGT/VNT, Wastegate, and Twin-Turbo

VGT (Largest)

Twin-Turbo (Significant Growth)

Vehicle Type

PCV, LCV, and HCV

PCV (Largest)

Distributional Channel

OEM and Aftermarket

Aftermarket

 (Stable Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

 

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“Asia-Pacific to hold the largest regional market share for automotive turbocharger market.”

Asia-Pacific dominates the automotive turbocharger market as it is the largest producer of passenger cars globally due to the presence of major automotive manufacturers in the region. Furthermore, stringent emission norms like China VI-A, India-BS-VI norms will fuel the growth in the region.

Some of the major players in the global automotive turbocharger market include GARRETT MOTION INC., Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., IHI Corporation, Honeywell International Inc., Cummins Inc., ABB, Linamar Corporation, and Rotomaster.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Fuel Type, Technology, Vehicle Type, Distribution Channel, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

GARRETT MOTION INC., Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., IHI Corporation, Honeywell International Inc., Cummins Inc., ABB, Linamar Corporation, and Rotomaster.

Global Automotive Turbocharger Market Coverage

Fuel Type Insight and Forecast 2015-2027

  • Gasoline
  • Diesel

Technology Insight and Forecast 2015-2027

  • VGT/VNT
  • Wastegate
  • Twin-Turbo

Vehicle Type Insight and Forecast 2015-2027

  • PCV
  • LCV
  • HCV

Distribution Channel Insight and Forecast 2015-2027

  • OEM
  • Aftermarket

Geographical Segmentation

Automotive Turbocharger Market by Region

North America

  • By Fuel Type
  • By Technology
  • By Vehicle Type
  • By Distribution Channel
  • By Country – U.S., Canada, and Mexico

Europe

  • By Fuel Type
  • By Technology
  • By Vehicle Type
  • By Distribution Channel
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Fuel Type
  • By Technology
  • By Vehicle Type
  • By Distribution Channel
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Fuel Type
  • By Technology
  • By Vehicle Type
  • By Distribution Channel
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market Automotive Turbocharger is Anticipated to grow at a Significant Pace i.e., USD 19.21 Billion during the Forecast Period 2021-2027