Automotive Turbocharger Market: Summary
The Global Automotive Turbocharger Market is estimated to reach USD 24.1 Billion in 2024 at a CAGR of 10.2%. Increase in demand for low fuel consuming vehicles and strict emission regulations for fuel efficiency are expected to drive the automotive turbocharger market during the forecast period. However, service and maintenance cost is expected to restrain the market during the forecast period. Increase in demand for electric turbocharging and rising R&D activities for development of advanced automotive turbochargers is expected to become an opportunity for automotive turbocharger market.
Automotive turbocharger is a power-boosting device fitted to a vehicle’s engine which recovers the waste energy from the exhaust gasses and uses it to compress the air and feeds it into the engine for maintaining air to fuel ratio. Turbocharger is used to improve engine’s efficiency by increasing the density of the intake gas thereby allowing more power to engine. Some key players in automotive turbocharger are BorgWarner Inc., Continental AG, BMTS TECHNOLOGY, Cummins Inc., and Honeywell International Inc. among others.
Automotive Turbocharger Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global automotive turbocharger market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks. On the basis of type, the market is segmented into single-turbo, twin-turbo, twin-scroll turbo, variable geometry turbo, variable twin scroll turbo and electric turbo. Based on components, the market can be segmented into compressor, turbine and center housing. Based on fuel type, the market can be segmented into compressed natural gas (CNG), diesel and gasoline. Based on application, the market can be segmented into passenger vehicles, light duty vehicles (LDV) and heavy duty vehicles (HDV). Based on end user, the market can be segmented into original equipment manufacturer (OEM) and aftermarket. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
Automotive Turbocharger Market: Report Scope
The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume (Units)
Type, Components, Fuel Type, Application, End User and Region
Asia-Pacific, North America, Europe, Middle East & Africa and South America
- BorgWarner Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Continental AG
- BMTS TECHNOLOGY
- Cummins Inc.,
- Honeywell International Inc
- IHI Corporation
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- ABB ltd.
- Linamar Corporation
- Delphi Technologies
- Other Key Companies
Automotive Turbocharger Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Turbocharger Market, by Type
- Twin-Scroll Turbo
- Variable Geometry Turbo
- Variable Twin Scroll Turbo
- Electric Turbo
Automotive Turbocharger Market, by Components
- Center Housing
Automotive Turbocharger Market, by Fuel Type
- Compressed Natural Gas (CNG)
Automotive Turbocharger Market, by Application
- Passenger Vehicles
- Light Duty Vehicles (LDV)
- Heavy Duty Vehicles (HDV)
Automotive Turbocharger Market, by End User
- Original Equipment Manufacturer (OEM)
Automotive Turbocharger Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
- Automotive Turbocharger Market Providers
- Automotive Turbocharger Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Automotive Turbocharger Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AUTOMOTIVE TURBOCHARGER MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Increasing Demand for Low Fuel Consuming Vehicles
4.2.2. Strict Emission Regulations for Fuel Efficiency
4.3.1 Service and Maintenance Cost
4.4.1 Increase in Demand for Electric Turbocharging
4.4.2 Rising R&D Activities for Development of Advanced Automotive Turbochargers
4.5.1 Turbo Lagging
4.5.2 Warranty Invalidation Due to Installing Aftermarket Turbocharger
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE TURBOCHARGER MARKET BY TYPE, Market Size in USD Million and Units (2017—2024)
6.4 Twin-Scroll Turbo
6.5 Variable Geometry Turbo
6.6 Variable Twin Scroll Turbo
6.7 Electric Turbo
7 AUTOMOTIVE TURBOCHARGER MARKET BY COMPONENTS, Market Size in USD Million and Units (2017—2024)
7.4 Center Housing
8 AUTOMOTIVE TURBOCHARGER MARKET BY FUEL TYPE, Market Size in USD Million and Units (2017—2024)
8.2 Compressed Natural Gas (CNG)
9 AUTOMOTIVE TURBOCHARGER MARKET BY APPLICATION, Market Size in USD Million and Units (2017—2024)
9.2 Passenger Vehicles
9.3 Light Duty Vehicles (LDV)
9.4 Heavy Duty Vehicles (HDV)
10 AUTOMOTIVE TURBOCHARGER MARKET BY END USER, Market Size in USD Million and Units (2017—2024)
10.2 Original Equipment Manufacturer (OEM)
11 AUTOMOTIVE TURBOCHARGER MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
11.1 North America
11.2.6 Rest of Europe
11.3.4 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East & Africa
11.4.1 Saudi Arabia
11.4.3 Rest of Middle East & Africa
11.5 South America
11.5.3 Rest of South America
12 COMPETITIVE LANDSCAPE
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 BorgWarner Inc.
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 Continental AG
13.3 BMTS TECHNOLOGY
13.4 Cummins Inc.,
13.5 Honeywell International Inc.
13.6 IHI Corporation
13.7 MITSUBISHI HEAVY INDUSTRIES, LTD.
13.8 ABB Ltd.
13.9 Linamar Corporation
13.10 Delphi Technologies
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY