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Automotive Turbocharger Market Bwc20013

Automotive Turbocharger Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2028, Segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Trucks, Buses), By Fuel Type (Diesel, Gasoline, Alternate Fuel/CNG), By Technology (Variable Geometry Turbocharger (VGT/VNT), Wastegate Turbocharger, Electric Turbocharger, Variable Twin-Scroll Turbocharger, Twin Turbocharger, Free-Floating Turbocharger, Double Axle Turbocharger), By Material Type (Cast Iron, Aluminum, Others), By Component (Turbine, Compressor, Housing), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: January 2022
  • Report ID: BWC20012
  • Available Format: PDF
  • Page: 193

Report Overview

The growth of the global automotive turbocharger market is attributed to the increasing need for fuel efficiency and advanced engine performance in vehicles along with rising demand for light-weight vehicles along with surging demand for commercial and heavy-duty vehicles.

Global Automotive Turbocharger Market- Industry Trends & Forecast Report 2028

The automotive turbocharger market was worth USD 11.9 billion in 2021 and is further projected to reach USD 23.5 billion by the year 2028, growing at a CAGR of 10.2% during the forecast period (2022-2028). Automotive turbocharger market growth will be driven by the growing need for fuel efficiency and advanced engine performance in vehicles, along with the growing demand for light-weight vehicles. Furthermore, stringent government regulations for higher fuel efficiency to make vehicles environment-friendly are also favoring the market. Also, the surging demand for commercial and heavy-duty vehicles are projected to boost the market growth during the forecast period.

Automotive Turbocharger Market

Automotive Turbochargers- A Brief Overview

An automotive turbocharger is a device used in vehicle engines to increase the power output of the internal combustion engine by forcing extra compressed air into the combustion chamber. Car buying comparison site Carwow says, "the latest automotive chargers make use of extremely accurate metering of a fuel and air mixture to achieve maximum efficiency and power." Unlike superchargers, turbochargers do not require the engine's power to function, which gives it an upper hand. Some of the most common vehicles that use automotive turbochargers are trains, cars, trucks, aircraft, and so on.

Global Automotive Turbocharger Market Forecast and Trends

Growth Drivers

Increasing Demand for Fuel Efficiency in Vehicles

The ever-increasing fuel prices are emerging as a major concern for vehicle owners due to the declining levels of non-renewable energy resources. This factor is prompting automobile OEMs to focus on developing more fuel-efficient engines. As a result, the demand for turbochargers in automobile manufacturing is increasing at a high rate across the globe. Turbochargers are an effective tool in boosting engine performance and fuel efficiency and do not need power sources to function, which acts as a major driving factor for market growth.

Shifts Towards Light-Weighted Vehicles

The rapid development of lightweight vehicles in the automobile and vehicle industry is expected to create lucrative growth opportunities for the automotive turbochargers market. Turbochargers are compact but offer better fuel efficiency. It comes in handy when producing lightweight vehicles, such as ships and aircraft. The increasing trend of engine downsizing to offer higher safety, along with higher fuel efficiency is projected to drive the market growth during the forecast period.

Restraints

Increasing Penetration of Electric Vehicles

The growing popularity of electric vehicles is emerging as a major challenging factor for the growth of the global automotive turbocharger market. Electric vehicles do not use turbochargers since they do not serve any purpose. The reason for this is that a turbocharger injects more fuel into the engine to increase power output and electric vehicles do not use combustion engines. Therefore, the increasing production and demand for electric vehicles due to the increasing environmental consciousness among buyers is gradually declining the demand for turbochargers as well.

Impact of COVID-19 on Automotive Turbocharger Market

The automotive turbocharger market was negatively impacted by the sudden COVID-19 pandemic outbreak. The lockdown imposed by the countries to mitigate the virus spread directly halted the manufacturing and production operations of automobiles and turbochargers, which resulted in a sharp decline in its demand, incurring huge losses to the manufacturers. Furthermore, the shortage of components and turbochargers due to limited production spiked its price during the pandemic period, which also affected the overall growth of the automotive turbocharger market.

Automotive Turbocharger Market - By Technology

Based on technologies, the automotive turbocharger market is segmented into variable geometry turbocharger (VGT/VNT), wastegate turbocharger, electric turbocharger, variable twin-scroll turbocharger, twin turbocharger, free-floating turbocharger, and double axle turbocharger. The variable geometry turbocharger (VGT/VNT) segment holds the largest market share since it allows maximum flexibility, which proves to be very beneficial for reducing turbocharger lag and driving EGR flow. Therefore, most OEMs often opt for this technology in diesel-powered vehicles, which is driving its market growth.

Automotive Turbocharger Market - By Component

Based on components, the automotive turbocharger market is grouped into turbine, compressor, and housing segments. The turbine segment holds the largest market share as it is the main component in an automotive turbocharger. The shape and size of the turbine directly influence the overall relative efficiency of the turbocharger. On the other hand, compressors also hold a substantial share in the market. This component draws the air from the atmosphere and compresses it above atmospheric pressure, which makes it a vital component in an automotive turbocharger.

Automotive Turbocharger Market - Regional Insights

Geographically, the automotive turbocharger market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, the Asia-Pacific dominates the automotive turbocharger market. The high concentration of automobile manufacturers in emerging economies like China, India, Japan, etc., and their growing automobile production capacity are significantly propelling the growth of the automotive turbocharger market. Furthermore, increasing vehicle production in new economies in Asia, such as South Korea and Thailand, is expected to present growth opportunities to the market during the forecast period.

Regional Insights

Global Automotive Turbocharger Market - Competitive Landscape

The leading market players in the global automotive turbocharger market are BorgWarner Inc., IHI Turbo America, Continental AG, Precision Turbo and Engine, Cummins Turbo Technologies, Mitsubishi Heavy Industries Ltd, Delphi Technologies, Magnum Performance Turbos, Honeywell International Inc., Turbo Dynamics Ltd., Rotomaster International, Bosch Mahle, ABB, Weifang Fuyuan Turbocharger Co Ltd, Hunan Tyen Machinery, Ningbo Motor Industrial Co., Ltd., Kompressorenbau Bannewitz GmbH, CIMOS d.d., Marelli Corporation, and other prominent players.

The global automotive turbocharger market is highly competitive and consolidated due to the presence of multinational players offering advanced quality products. The companies often launch new products with higher efficiency and improvements to gain a competitive edge. They also focus on improving their distribution channels and are increasingly resorting to online sales channels to target untapped markets and geographical locations. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

  • In May 2021, BorgWarner, the American multinational automotive supplier, announced its global agreement with a major European OEM to supply its electric turbocharger, eTurbo, to be used in a high-voltage hybrid passenger car.
  • In June 2021, Cummins Turbo Technologies, a leading OEM for turbochargers, announced its plans to expand its turbocharger manufacturing operations in South Carolina, United States, by investing USD 10.7 million.

Scope of the Report:

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Vehicle Type, By Fuel Type, By Technology, By Material Type, By Component, By Region
Key Players BorgWarner Inc., IHI Turbo America, Continental AG, Precision Turbo and Engine, Cummins Turbo Technologies, Mitsubishi Heavy Industries Ltd., Delphi Technologies, Magnum Performance Turbos, Honeywell International Inc., Turbo Dynamics Ltd., Rotomaster International, Bosch Mahle, ABB, Weifang Fuyuan Turbocharger Co Ltd, Hunan Tyen Machinery, Ningbo Motor Industrial Co., Ltd., Kompressorenbau Bannewitz GmbH, CIMOS d.d., Marelli Corporation, and other prominent players.

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Trucks
  • Buses

By Fuel Type

  • Diesel
  • Gasoline
  • Alternate Fuel/CNG

By Technology

  • Variable Geometry Turbocharger (VGT/VNT)
  • Wastegate Turbocharger
  • Electric Turbocharger
  • Variable Twin Scroll Turbocharger
  • Twin Turbocharger
  • Free-Floating Turbocharger
  • Double Axle Turbocharger

By Material Type

  • Cast Iron
  • Aluminum
  • Others

By Component

  • Turbine
  • Compressor
  • Housing

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Demand for Fuel Efficiency in Vehicles
        2. Rising Shift Towards Light-Weighted Vehicles
      2. Restraints
        1. Increasing Penetration of Electric Vehicles
      3. Opportunities
        1. Negative Impact of the COVID-19 Pandemic
      4. Challenges
        1. Rising Demand for Diesel Engine
        2. Increasing Demand for Passenger Vehicles
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Automotive Turbocharger Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
    2. Market Share & Forecast, by Segment
      1. By Vehicle Type
        1. Passenger Cars
        2. Light Commercial Vehicles
        3. Trucks
        4. Buses
      2. By Fuel Type
        1. Diesel
        2. Gasoline
        3. Alternate Fuel/CNG
      3. By Technology
        1. Variable Geometry Turbocharger (VGT/VNT)
        2. Wastegate Turbocharger
        3. Electric Turbocharger
        4. Variable Twin Scroll Turbocharger
        5. Twin Turbocharger
        6. Free-Floating Turbocharger
        7. Double Axle Turbocharger
      4. By Material Type
        1. Cast Iron
        2. Aluminum
        3. Others
      5. By Component
        1. Turbine
        2. Compressor
        3. Housing
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Automotive Turbocharger Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Vehicle Type
      2. By Fuel Type
      3. By Technology
      4. By Material Type
      5. By Component
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Automotive Turbocharger Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Vehicle Type
      2. By Fuel Type
      3. By Technology
      4. By Material Type
      5. By Component
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Automotive Turbocharger Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Vehicle Type
      2. By Fuel Type
      3. By Technology
      4. By Material Type
      5. By Component
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Automotive Turbocharger Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Vehicle Type
      2. By Fuel Type
      3. By Technology
      4. By Material Type
      5. By Component
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Automotive Turbocharger Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Vehicle Type
      2. By Fuel Type
      3. By Technology
      4. By Material Type
      5. By Component
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on the Global Automotive Turbocharger Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. BorgWarner Inc.
    2. IHI Turbo America
    3. Continental AG
    4. Precision Turbo and Engine
    5. Cummins Turbo Technologies
    6. Mitsubishi Heavy Industries Ltd
    7. Delphi Technologies
    8. Magnum Performance Turbos
    9. Honeywell International Inc.
    10. Turbo Dynamics Ltd.
    11. Rotomaster International
    12. Bosch Mahle
    13. ABB
    14. Weifang Fuyuan Turbocharger Co Ltd
    15. Hunan Tyen Machinery
    16. Ningbo Motor Industrial Co. Ltd.
    17. Kompressorenbau Bannewitz GmbH
    18. CIMOS d.d.
    19. Marelli Corporation
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Automotive Turbocharger Market Segmentation

Figure 2: Automotive Turbocharger Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2021

Figure 4: Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 5: Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 6: Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 7: Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 8: Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 9: Automotive Turbocharger Market Share (%), By Component, By Value, 2018-2028

Figure 10: Automotive Turbocharger Market Share (%), By Region, By Value, 2018-2028

Figure 11: North America Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 12: North America Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 13: North America Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 14: North America Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 15: North America Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 16: North America Automotive Turbocharger Market Share (%), By Component, By Value, 2018-2028

Figure 17: North America Automotive Turbocharger Market Share (%), By Country, By Value, 2018-2028

Figure 18: Europe Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 19: Europe Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 20: Europe Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 21: Europe Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 22: Europe Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 23: Europe Automotive Turbocharger Market Share (%), by Component, By Value, 2018-2028

Figure 24: Europe Automotive Turbocharger Market Share (%), By Country, By Value, 2018-2028

Figure 25: Asia-Pacific Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 26: Asia-Pacific Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 27: Asia-Pacific Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 28: Asia-Pacific Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 29: Asia-Pacific Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 30: Asia-Pacific Automotive Turbocharger Market Share (%), By Component, By Value, 2018-2028

Figure 31: Asia-Pacific Automotive Turbocharger Market Share (%), By Country, By Value, 2018-2028

Figure 32: Latin America Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 33: Latin America Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 34: Latin America Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 35: Latin America Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 36: Latin America Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 37: Latin America Automotive Turbocharger Market Share (%), By Component, By Value, 2018-2028

Figure 38: Latin America Automotive Turbocharger Market Share (%), By Country, By Value, 2018-2028

Figure 39: Middle East & Africa Automotive Turbocharger Market Size, By Value (USD Billion), 2018-2028

Figure 40: Middle East & Africa Automotive Turbocharger Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 41: Middle East & Africa Automotive Turbocharger Market Share (%), By Fuel Type, By Value, 2018-2028

Figure 42: Middle East & Africa Automotive Turbocharger Market Share (%), By Technology, By Value, 2018-2028

Figure 43: Middle East & Africa Automotive Turbocharger Market Share (%), By Material Type, By Value, 2018-2028

Figure 44: Middle East & Africa Automotive Turbocharger Market Share (%), By Component, By Value, 2018-2028

Figure 45: Middle East & Africa Automotive Turbocharger Market Share (%), By Region, By Value, 2018-2028

 

 

List of Tables

 

Table 1: Automotive Turbocharger Market Size, By Vehicle Type, By Value, 2018-2028

Table 2: Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 3: Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 4: Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 5: Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028

Table 6: Automotive Turbocharger Market Size, By Region, By Value (USD Billion), 2018-2028

Table 7: North America Automotive Turbocharger Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 8: North America Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 9: North America Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 10: North America Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 11: North America Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028,

Table 12: Europe Automotive Turbocharger Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 13: Europe Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 14: Europe Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 15: Europe Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 16: Europe Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028

Table 17: the Asia-Pacific Automotive Turbocharger Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 18: the Asia-Pacific Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 19: the Asia-Pacific Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 20: the Asia-Pacific Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 21: the Asia-Pacific Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028

Table 22: Latin America Automotive Turbocharger Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 23: Latin America Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 24: Latin America Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 25: Latin America Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 26: Latin America Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028

Table 27: The Middle-East & Africa Automotive Turbocharger Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 28: The Middle-East & Africa Automotive Turbocharger Market Size, By Fuel Type, By Value (USD Billion), 2018-2028

Table 29: The Middle-East & Africa Automotive Turbocharger Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 30: The Middle-East & Africa Automotive Turbocharger Market Size, By Material Type, By Value (USD Billion), 2018-2028

Table 31: The Middle-East & Africa Automotive Turbocharger Market Size, By Component, By Value (USD Billion), 2018-2028

Table 32: BorgWarner Inc. Financial Analysis

Table 33: BorgWarner Inc. Business Overview

Table 34: IHI Turbo America Financial Analysis

Table 35: IHI Turbo America Business Overview

Table 36: Continental AG Corporation Financial Analysis

Table 37: Continental AG Corporation Business Overview

Table 38: Precision Turbo and Engine Financial Analysis

Table 39: Precision Turbo and Engine Business Overview

Table 40: Cummins Turbo Technologies Financial Analysis

Table 41: Cummins Turbo Technologies Business Overview

Table 42: Mitsubishi Heavy Industries Ltd Financial Analysis

Table 43: Mitsubishi Heavy Industries Ltd Business Overview

Table 44: Delphi Technologies Financial Analysis

Table 45: Delphi Technologies Business Overview

Table 46: Magnum Performance Turbos Financial Analysis

Table 47: Magnum Performance Turbos Business Overview

Table 48: Honeywell International Inc. Financial Analysis

Table 49: Honeywell International Inc. Business Overview

Table 50: Turbo Dynamics Ltd. Financial Analysis

Table 51: Turbo Dynamics Ltd. Business Overview

Table 52: Rotomaster International Financial Analysis

Table 53: Rotomaster International Financial Analysis

Table 54: Bosch Mahle Financial Analysis

Table 55: Bosch Mahle Financial Analysis

Table 56: ABB Financial Analysis

Table 57: ABB Financial Analysis

Table 58: Weifang Fuyuan Turbocharger Co Ltd Financial Analysis

Table 59: Weifang Fuyuan Turbocharger Co Ltd Financial Analysis

Table 60: Hunan Tyen Machinery Financial Analysis

Table 61: Hunan Tyen Machinery Financial Analysis

Table 62: Ningbo Motor Industrial Co.,ltd. Financial Analysis

Table 63: Ningbo Motor Industrial Co.,ltd. Financial Analysis

Table 64: Kompressorenbau Bannewitz GmbH Financial Analysis

Table 65: Kompressorenbau Bannewitz GmbH Financial Analysis

Table 66: CIMOS d.d. Financial Analysis

Table 67: CIMOS d.d. Financial Analysis

Table 68: Marelli Corporation Financial Analysis

Table 69: Marelli Corporation Financial Analysis

 

Market Segmentation

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Trucks
  • Buses

By Fuel Type

  • Diesel
  • Gasoline
  • Alternate Fuel/CNG

By Technology

  • Variable Geometry Turbocharger (VGT/VNT)
  • Wastegate Turbocharger
  • Electric Turbocharger
  • Variable Twin Scroll Turbocharger
  • Twin Turbocharger
  • Free-Floating Turbocharger
  • Double Axle Turbocharger

By Material Type

  • Cast Iron
  • Aluminum
  • Others

By Component

  • Turbine
  • Compressor
  • Housing

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global automotive turbocharger market reached USD 11.9 billion in 2021.
Ans: Fuel efficiency in vehicles and the shift towards lighter vehicles are the two main factors driving the growth of the global automotive turbocharger market.
Ans: The key players in the global automotive turbocharger market are: BorgWarner Inc., IHI Turbo America, Continental AG, Precision Turbo and Engine, Cummins Turbo Technologies, Mitsubishi Heavy Industries Ltd, Delphi Technologies, Magnum Performance Turbos, Honeywell International Inc., Turbo Dynamics Ltd., Rotomaster International, Bosch Mahle, ABB, Weifang Fuyuan Turbocharger Co Ltd, Hunan Tyen Machinery, Ningbo Motor Industrial Co., Ltd., Kompressorenbau Bannewitz GmbH, CIMOS d.d., Marelli Corporation, and other prominent players.
Ans: The turbine segment accounted for the largest share in the global automotive turbocharger market.
Ans: Asia-Pacific holds the largest share in the global automotive turbocharger market.