Global Automotive Turbocharger Market Size Study, By Engine Type, By Technology, By Material, By Operation, By Vehicle, By Sales Channel and Regional Forecasts 2022-2032

Description

The Global Automotive Turbocharger Market is valued at approximately USD 11.99 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.90% over the forecast period 2024-2032. An automotive turbocharger is a sophisticated forced induction device that enhances the efficiency and power output of an internal combustion engine by compressing the intake air before it enters the combustion chamber. Comprising primarily a turbine and a compressor connected by a shaft, the turbocharger's operation is driven by exhaust gases that propel the turbine, thereby spinning the compressor. This increased air pressure enables more fuel to be burned, resulting in greater power and torque without necessitating a larger engine. Turbochargers are employed across various vehicle types, including passenger cars, trucks, and commercial vehicles, for improved performance, fuel efficiency, and emission reduction.

The automotive turbocharger market is poised for significant growth, propelled by stringent emissions regulations mandating fuel-efficient turbocharged engines, the increasing adoption of downsized engines to meet fuel economy targets, and a growing demand for enhanced engine power and torque in both passenger and commercial vehicles. Notable technological advancements have yielded more efficient and durable turbocharger systems, and the automotive industry's expansion in emerging markets provides ample opportunities for manufacturers. Additionally, the integration of electric and hybrid turbocharger systems further optimizes performance and efficiency. However, the market faces challenges such as the high initial cost of turbocharged engines, concerns over reliability and durability, and issues related to turbocharger lag and response time, which can impact the driving experience.

The Asia Pacific region is expected to have a strong presence in the global market, driven by substantial production of passenger cars and commercial vehicles. Countries like China and India showcase high demand for economy and mid-range cars, with gasoline engines dominating. The trend towards smaller vehicles such as SUVs and crossovers has prompted OEMs to focus on engine downsizing with turbocharger technologies. Furthermore, the region's emphasis on producing commercial vehicles, especially heavy trucks and buses equipped with turbochargers, is significant. Improving socio-economic conditions and industrialization in emerging economies like China, India, Indonesia, and Thailand bolster the demand for turbochargers in the Asia Pacific.

Major market players included in this report are:

Garrett Motion Inc.
BorgWarner Inc.
Cummins Inc.
Mitsubishi Heavy Industries Ltd.
Continental AG
IHI Corporation
Mahle GmbH
Robert Bosch GmbH
Precision Turbo and Engine Inc.
Rotomaster International

The detailed segments and sub-segment of the market are explained below:

By Engine Type:

Gasoline Automotive Turbochargers
Diesel Automotive Turbochargers
Alternative Fuel/CNG

By Technology:

Twin Turbo
Variable Geometry Turbocharger
Wastegate Turbocharger
Electric Turbocharger

By Material:

Cast Iron Automotive Turbochargers
Aluminium Automotive Turbochargers
Other Materials

By Operation:

Conventional Turbochargers
E-Turbochargers

By Vehicle:

Passenger Vehicles
Light Commercial Vehicles
Trucks
Buses & Coaches
Off-Road Vehicles
Industrial Vehicles

By Sales Channel:

OEMs
Aftermarket

By Region: North America

U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Automotive Turbocharger Market Executive Summary

1.1. Global Automotive Turbocharger Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Engine Type
- 1.3.2. By Technology
- 1.3.3. By Material
- 1.3.4. By Operation
- 1.3.5. By Vehicle
- 1.3.6. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Turbocharger Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Turbocharger Market Dynamics

3.1. Market Drivers
- 3.1.1. Stringent Emissions Regulations
- 3.1.2. Adoption of Downsized Engines
- 3.1.3. Demand for Higher Power and Torque
3.2. Market Challenges
- 3.2.1. High Initial Cost
- 3.2.2. Reliability and Durability Concerns
- 3.2.3. Turbocharger Lag and Response Time
3.3. Market Opportunities
- 3.3.1. Aftermarket Sales and Services
- 3.3.2. Collaboration with Automotive OEMs
- 3.3.3. Growth in Electric and Hybrid Vehicles

Chapter 4. Global Automotive Turbocharger Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Turbocharger Market Size & Forecasts by Engine Type 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Turbocharger Market: Engine Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Gasoline Automotive Turbochargers
- 5.2.2. Diesel Automotive Turbochargers
- 5.2.3. Alternative Fuel/CNG

Chapter 6. Global Automotive Turbocharger Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Turbocharger Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Twin Turbo
- 6.2.2. Variable Geometry Turbocharger
- 6.2.3. Wastegate Turbocharger
- 6.2.4. Electric Turbocharger

Chapter 7. Global Automotive Turbocharger Market Size & Forecasts by Material 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Turbocharger Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Cast Iron Automotive Turbochargers
- 7.2.2. Aluminium Automotive Turbochargers
- 7.2.3. Other Materials

Chapter 8. Global Automotive Turbocharger Market Size & Forecasts by Operation 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Turbocharger Market: Operation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Conventional Turbochargers
- 8.2.2. E-Turbochargers

Chapter 9. Global Automotive Turbocharger Market Size & Forecasts by Vehicle 2022-2032

9.1. Segment Dashboard
9.2. Global Automotive Turbocharger Market: Vehicle Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Passenger Vehicles
- 9.2.2. Light Commercial Vehicles
- 9.2.3. Trucks
- 9.2.4. Buses & Coaches
- 9.2.5. Off-Road Vehicles
- 9.2.6. Industrial Vehicles

Chapter 10. Global Automotive Turbocharger Market Size & Forecasts by Sales Channel 2022-2032

10.1. Segment Dashboard
10.2. Global Automotive Turbocharger Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 10.2.1. OEMs
- 10.2.2. Aftermarket

Chapter 11. Global Automotive Turbocharger Market Size & Forecasts by Region 2022-2032

11.1. North America Automotive Turbocharger Market
- 11.1.1. U.S. Automotive Turbocharger Market
  - 11.1.1.1. Engine Type breakdown size & forecasts, 2022-2032
  - 11.1.1.2. Technology breakdown size & forecasts, 2022-2032
  - 11.1.1.3. Material breakdown size & forecasts, 2022-2032
  - 11.1.1.4. Operation breakdown size & forecasts, 2022-2032
  - 11.1.1.5. Vehicle breakdown size & forecasts, 2022-2032
  - 11.1.1.6. Sales Channel breakdown size & forecasts, 2022-2032
- 11.1.2. Canada Automotive Turbocharger Market
11.2. Europe Automotive Turbocharger Market
- 11.2.1. U.K. Automotive Turbocharger Market
- 11.2.2. Germany Automotive Turbocharger Market
- 11.2.3. France Automotive Turbocharger Market
- 11.2.4. Spain Automotive Turbocharger Market
- 11.2.5. Italy Automotive Turbocharger Market
- 11.2.6. Rest of Europe Automotive Turbocharger Market
11.3. Asia-Pacific Automotive Turbocharger Market
- 11.3.1. China Automotive Turbocharger Market
- 11.3.2. India Automotive Turbocharger Market
- 11.3.3. Japan Automotive Turbocharger Market
- 11.3.4. Australia Automotive Turbocharger Market
- 11.3.5. South Korea Automotive Turbocharger Market
- 11.3.6. Rest of Asia Pacific Automotive Turbocharger Market
11.4. Latin America Automotive Turbocharger Market
- 11.4.1. Brazil Automotive Turbocharger Market
- 11.4.2. Mexico Automotive Turbocharger Market
- 11.4.3. Rest of Latin America Automotive Turbocharger Market
11.5. Middle East & Africa Automotive Turbocharger Market
- 11.5.1. Saudi Arabia Automotive Turbocharger Market
- 11.5.2. South Africa Automotive Turbocharger Market
- 11.5.3. Rest of Middle East & Africa Automotive Turbocharger Market

Chapter 12. Competitive Intelligence

12.1. Key Company SWOT Analysis
12.2. Top Market Strategies
12.3. Company Profiles
- 12.3.1. Garrett Motion Inc.
  - 12.3.1.1. Key Information
  - 12.3.1.2. Overview
  - 12.3.1.3. Financial (Subject to Data Availability)
  - 12.3.1.4. Product Summary
  - 12.3.1.5. Market Strategies
- 12.3.2. BorgWarner Inc.
- 12.3.3. Cummins Inc.
- 12.3.4. Mitsubishi Heavy Industries Ltd.
- 12.3.5. Continental AG
- 12.3.6. IHI Corporation
- 12.3.7. Mahle GmbH
- 12.3.8. Robert Bosch GmbH
- 12.3.9. Precision Turbo and Engine Inc.
- 12.3.10. Rotomaster International

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes