Global Automotive Turbocharger Market Forecast and Trends

Automotive turbocharger manufacturing companies are primarily concentrating on developing new turbochargers combined with electrified engine technologies, attributing to the growing demand for electric vehicles. The automotive turbocharger industry will observe a strong growth due to its growing adoption in commercial, passenger, and heavy-duty vehicles to provide enhanced fuel efficiency. Enhanced engine power, along with increased fuel economy, is supporting the selection of turbochargers in Internal Combustion Engine (ICE) vehicles. Turbochargers enable automobile manufacturers to provide increased safety and enhanced performance at high altitudes, promoting their adoption. These factors will further improve the market demand for the automotive turbocharger market during the forecast period.

Global Automotive Turbocharger Market: Overview

A turbocharger is a device used in the vehicle’s engine and is designed to improve the overall efficiency and increase the performance of the engine. This is the main reason many auto manufacturers companies are choosing turbocharger in the vehicles.  A turbo is built up of two halves connected together by the shaft. On one of the sides, hot exhaust gasses spin the turbine that is joined to another turbine, which sucks and absorbs air in and compresses it into the engine. This compression is what provides the engine the extra power and increases efficiency as more air get in the combustion chamber, and more fuel can be combined for more power.

Growth Drivers

Strict Emission Regulations

As the air quality is affected by emission of toxic gases in the environment, governments across different countries are implanting strict regulation on emissions. Government of India introduced the implementation BS-VI will lead to reduction of toxic gases in the environment these factors are expected to drive the market.

Global Automotive Turbocharger Market: Vehicle

Based on type, the global Automotive Turbocharger market segmented into PCV, LCV, HCV. HCV type is expected to grow at a high CAGR during the forecast period. As HCV is used for long distance it is expected propel the global automotive turbocharger market.

Global Automotive Turbocharger Market: Technology

Based on the Technology, the global Automotive Turbocharger market segmented into VGT/VNT, Wastegate, and Twin Turbo.

Global Automotive Turbocharger Market: Fuel

Based on the Fuel, the global Automotive Turbocharger market segmented into Gasoline and Diesel.

Global Automotive Turbocharger Market: Distribution Channel

Based on the Distribution Channel, the global Automotive Turbocharger market segmented into OEM, and Aftermarket.

Global Automotive Turbocharger Market: Regional Insights

Based on region, the global Automotive Turbocharger market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America automotive turbocharger market is expected to witness exponential growth in the years to come propelled by the implementation of government regulations on vehicle emissions. Regulatory bodies, such as the U.S. Environmental Protection Agency (EPA), have proposed stringent emission regulations for on-road vehicles, including passenger vehicles and commercial trucks & buses. The EPA standards reinforce automobile manufacturers to manufacture cleaner engines with more fuel efficiency, supporting the global automotive turbocharger market demand.

Competitive Landscape

The major players in global hydrogen generation market includes BorgWarner Inc., Continental AG, Delphi Technologies, Cummins Inc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd, Magnum Performance Turbos, Precision Turbo and Engine, IHI Turbo America and other prominent players.

Recent Development

Ø  January, 2020: BorgWarner Inc. and Delphi Technologies PLC announced that they have moved into a definitive transaction deal under which BorgWarner will acquire Delphi Technologies in an all-stock transaction that values Delphi Technologies enterprise value at approximately USD 3.3 billion.

Ø  February, 2020: Mitsubishi Hitachi Power Systems, Ltd. has signed an agreement with U.S. firm KBR, Inc. to work together to increase sales of SDA pitch-fired power plants. These plants use as fuel the insoluble matter (SDA pitch) remaining when light oil fractions are recovered from heavy oil fractions using the solvent de-asphalting (SDA) process.

Scope of the Report

 By Vehicle

Ø  PCV

Ø  LCV

Ø  HCV

By Technology

Ø  VGT/VNT

Ø  Wastegate

Ø  Twin Turbo Captive

By Fuel

Ø  Gasoline

Ø  Diesel

By Distribution Channel

Ø  OEM

Ø  Aftermarket 

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global Automotive Turbocharger Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Automotive Turbocharger Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the global Automotive Turbocharger Market based on the vehicle, technology, fuel, and distribution channel.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the global Automotive Turbocharger Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.