Global Automotive Turbocharger Market
Forecast and Trends
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.
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.
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
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
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
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.
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.
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)
Scope of the Report
data – 2016-2019
Base Year –
2020 – 2026
Revenue in USD Million
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia
By vehicle, technology, fuel, distribution channel with Region
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.
By Distribution Channel
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
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
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
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.