Automotive Turbochargers Market Size, Share, Trends, Growth Outlook

The Global Automotive Turbochargers Market Size is estimated to be US 16.8 Billion in 2023. It is poised to register 9.2% growth over the forecast period from 2023 to 2030 to reach US $ 31.1 billion in 2030.

 

The market growth is driven by increasing Turbochargers are essential for downsized engines, which are designed to improve fuel efficiency and reduce carbon emissions while maintaining or even increasing power output. Leading Companies focusing on Emission Regulations, Electric and Hybrid Vehicles, Alternative Fuels, Advanced Materials and Technologies, Urbanization and Congestion, Technological Innovation, Partnerships and Collaborations, and others to boost market shares in the industry.

Market Overview

The automotive turbochargers market was characterized by steady growth driven by stringent emissions regulations, the quest for improved fuel efficiency and performance, and increased urbanization. Turbochargers were used in both passenger cars and commercial vehicles, with advanced technologies and materials playing a significant role in enhancing efficiency and durability. The market faced challenges related to cost and maintenance. However, the future outlook was positive, with continued growth anticipated, particularly with the integration of turbochargers in electric and hybrid vehicles and expanding markets in developing economies.

 

Market Dynamics

Market Trends- Electric turbochargers are a new type of turbocharger that uses an electric motor to drive the compressor, instead of using exhaust gases

Electric turbochargers represent an innovative advancement in the automotive turbochargers market. Unlike traditional turbochargers, which rely on exhaust gases to drive the compressor, electric turbochargers utilize an electric motor for this purpose. This technology offers several advantages, including faster response times, reduced turbo lag, and improved efficiency. Electric turbochargers can enhance engine performance by delivering instant power when needed, making them particularly suitable for hybrid and electric vehicles where traditional turbocharging may not be feasible.

 

Market Driver- The demand for automotive turbochargers is increasing due to their integration into hybrid and electric vehicles

The automotive turbochargers market is experiencing a notable surge in demand primarily driven by their integration into hybrid and electric vehicles. As the automotive industry continues to shift towards electrification in response to environmental concerns and stricter emissions regulations, turbochargers are playing a crucial role in enhancing the performance and efficiency of electric and hybrid powertrains. These turbochargers are employed to mitigate the inherent torque and power limitations of electric motors, offering instant power and acceleration when needed.

 

Market Opportunity- The increasing urbanization and congestion in cities is driving the demand for automotive turbochargers

The rise in Urbanization and escalating traffic congestion in cities are serving as compelling drivers for the growing demand in the automotive turbochargers market. As cities become more crowded, consumers are seeking vehicles that can deliver both power and efficiency, particularly in stop-and-go traffic situations. Turbochargers, by boosting engine performance, offer a solution by providing the necessary power while maintaining fuel efficiency.

 

Market Share Analysis- Passenger Vehicles Automotive Turbochargers Market will register the fastest growth

The Global Automotive Turbochargers Market is analyzed across Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, and others. Passenger Vehicles are poised to register the fastest growth. The Passenger Vehicles Automotive Turbochargers Market is set for rapid growth due to the rising demand for fuel-efficient and high-performance passenger cars, with turbochargers being a key technology to achieve these objectives.

 

Market Share Analysis- Gasoline held a significant market share in 2023

The Global Automotive Turbochargers Market is analyzed across various applications including Gasoline, Diesel, and others. Of these, Gasoline held a significant market share in 2023. The gasoline automotive turbochargers market involves the use of turbochargers in gasoline-powered engines, aimed at enhancing engine performance and efficiency. This market is driven by the demand for smaller, turbocharged gasoline engines in response to emissions standards and consumer preference for more powerful yet fuel-efficient vehicles.

 

Automotive Turbochargers Market Segmentation

By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Fuel Type

• Gasoline
• Diesel
• Others

By Material

• Cast Iron
• Aluminium
• Others

By Component

• Turbine
• Compressor
• Housing

By Sales Channel

• OEM
• Replacement/Aftermarket

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Automotive Turbochargers Market Companies

• Cummins Inc
• Magnum Performance Turbos
• Turbo Energy Private Ltd
• Mitsubishi Heavy Industries Ltd
• IHI Corporation
• BorgWarner Inc
• Continental AG
• Garrett Motion Inc
• Keyyang Precision Co., Ltd
• BMTS Technology GmbH & Co. KG
• Rotomaster International

 

*List not exhaustive

 

Automotive Turbochargers Market Outlook 2023

1 Market Overview

1.1 Introduction to the Automotive Turbochargers Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Automotive Turbochargers Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Automotive Turbochargers Market Companies with Area Served

4.2.2 Products Offerings Global Automotive Turbochargers Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Automotive Turbochargers Market Trends

6.1 Global Automotive Turbochargers Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Automotive Turbochargers Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Automotive Turbochargers Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Automotive Turbochargers Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Automotive Turbochargers Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Automotive Turbochargers Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Automotive Turbochargers Development Regional Status and Outlook

8.1 Global Automotive Turbochargers Revenue (USD Million) By Regions (2018-2022)

8.2 North America Automotive Turbochargers Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Automotive Turbochargers Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Automotive Turbochargers Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Automotive Turbochargers Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Automotive Turbochargers Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Automotive Turbochargers Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

8.5 South America Automotive Turbochargers Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Automotive Turbochargers Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Automotive Turbochargers Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Automotive Turbochargers Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Automotive Turbochargers Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Automotive Turbochargers Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Automotive Turbochargers Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Automotive Turbochargers Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Automotive Turbochargers Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Automotive Turbochargers Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Automotive Turbochargers Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Automotive Turbochargers Development Regional Status and Outlook Forecast

11.1 Global Automotive Turbochargers Revenue (USD Million) By Regions (2023-2030)

11.2 North America Automotive Turbochargers Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Automotive Turbochargers Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Automotive Turbochargers Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Automotive Turbochargers Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Automotive Turbochargers Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Automotive Turbochargers Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Automotive Turbochargers Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Automotive Turbochargers Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Automotive Turbochargers Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Automotive Turbochargers Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Automotive Turbochargers Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Automotive Turbochargers Revenue (USD Million), by Applications (2023-2030)

11.5 South America Automotive Turbochargers Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Automotive Turbochargers Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Automotive Turbochargers Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Automotive Turbochargers Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Automotive Turbochargers Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Automotive Turbochargers Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Automotive Turbochargers Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Automotive Turbochargers Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Automotive Turbochargers Market Companies with Areas Served

Table 3 Products Offerings Global Automotive Turbochargers Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Automotive Turbochargers Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Automotive Turbochargers Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Automotive Turbochargers Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 11 Global Automotive Turbochargers Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Automotive Turbochargers Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Automotive Turbochargers Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Automotive Turbochargers Market Share (%) By Regions (2018-2022)

Table 16 North America Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Table 17 North America Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 18 North America Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Table 26 South America Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 27 South America Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 33 Global Automotive Turbochargers Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Automotive Turbochargers Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Automotive Turbochargers Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Automotive Turbochargers Revenue (USD)By Country (2023-2030)

Table 38 North America Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 39 North America Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Table 47 South America Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 48 South America Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Automotive Turbochargers Revenue Market Share (%) By Type (2022)

Figure 5 Global Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Automotive Turbochargers Revenue Market Share (%) By Applications (2022)

Figure 7 Global Automotive Turbochargers Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Automotive Turbochargers Market Share (%) By Regions (2022)

Figure 9 North America Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Automotive Turbochargers Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Automotive Turbochargers Revenue Market Share (%) By Type (2030)

Figure 26 Global Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Automotive Turbochargers Revenue Market Share (%) By Applications (2030)

Figure 28 Global Automotive Turbochargers Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Automotive Turbochargers Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Automotive Turbochargers Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

Automotive Turbochargers Market Segmentation

By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Fuel Type

• Gasoline
• Diesel
• Others

By Material

• Cast Iron
• Aluminium
• Others

By Component

• Turbine
• Compressor
• Housing

By Sales Channel

• OEM
• Replacement/Aftermarket

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)