Global Marine Turbochargers Market Size Study, by Vehicle Type (Two Wheelers, Passenger Cars), Propulsion Type, Sales Channel, and Regional Forecasts 2022-2032

Description

The global marine turbochargers market, valued at approximately USD 635.6 million in 2022, is poised for significant growth, projected to reach USD 1.17 billion by 2032. This expansion is driven by a compound annual growth rate (CAGR) of 6.3% over the forecast period from 2024 to 2032.

Marine turbochargers are integral components in enhancing the efficiency and performance of marine engines. By reusing exhaust gases, turbochargers increase air density supplied to the engine, resulting in improved fuel combustion and overall engine efficiency. The rising demand for fuel-efficient and environmentally friendly marine vessels has propelled the adoption of advanced turbocharging technologies. Additionally, the expansion of marine tourism and increased seaborne trade have further amplified the need for high-performance marine engines equipped with turbochargers.

Several factors contribute to the robust growth of the marine turbochargers market. The surge in global seaborne trade necessitates efficient marine vessels, thereby increasing the demand for turbochargers that enhance engine performance and reduce fuel consumption. Moreover, stringent environmental regulations aimed at reducing maritime emissions have compelled ship manufacturers to integrate advanced turbocharging systems to comply with these standards. Technological advancements, such as the development of variable geometry turbochargers and electric-assisted turbochargers, offer improved performance and adaptability, further driving market growth.

Geographically, North America holds a significant share of the marine turbochargers market, accounting for approximately 25% in 2022. This dominance is attributed to the region's well-established marine infrastructure and the increasing popularity of recreational boating and water-based sports activities. The presence of key industry players and continuous investments in research and development also bolster the market in this region. Europe and the Asia-Pacific regions are also witnessing substantial growth, driven by the expansion of the shipbuilding industry and increasing maritime activities.

Major market players included in this report are:

ABB
MAN Energy Solutions
Mitsubishi Heavy Industries
Rolls-Royce
Cummins
Hyundai Heavy Industries
IHI Corporation
Kawasaki Heavy Industries
Napier Turbochargers
PBS Turbochargers
SCHOTTEL
Siemens
Toyota Industries
Garrett Motion
BorgWarner

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

By Vehicle Type:

Two Wheelers
Passenger Cars

By Propulsion Type:

[Details not provided in the source]

By Sales Channel:

[Details not provided in the source]

By Region:

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

Years considered for the study are as follows:

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

Key Takeaways:

Market estimates and forecasts 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 Marine Turbochargers Market Executive Summary

1.1. Global Marine Turbochargers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Technology
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Marine Turbochargers 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 Marine Turbochargers Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Fuel Efficiency and Emission Reduction
- 3.1.2. Stringent Emission Regulations and IMO Tier III Standards
- 3.1.3. Growing Global Trade and Naval Defense Investments
3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Periodic Maintenance and Technical Integration Issues
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Economies
- 3.3.2. Advancements in Turbocharger Technologies
- 3.3.3. Increasing Defense Budgets and Naval Fleet Modernization

Chapter 4. Global Marine Turbochargers 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 Marine Turbochargers Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Marine Turbochargers Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Axial Turbocharger
- 5.2.2. Radial Turbocharger

Chapter 6. Global Marine Turbochargers Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Marine Turbochargers Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Single-Turbo
- 6.2.2. Twin-Turbo
- 6.2.3. Variable Geometry Turbochargers (VGT)
- 6.2.4. Electric Turbochargers

Chapter 7. Global Marine Turbochargers Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Marine Turbochargers Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Military
- 7.2.2. Cargo Ships
- 7.2.3. Tankers

Chapter 8. Global Marine Turbochargers Market Size & Forecasts by Region 2022-2032

8.1. North America Marine Turbochargers Market
- 8.1.1. U.S. Marine Turbochargers Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Marine Turbochargers Market
8.2. Europe Marine Turbochargers Market
- 8.2.1. U.K. Marine Turbochargers Market
- 8.2.2. Germany Marine Turbochargers Market
- 8.2.3. France Marine Turbochargers Market
- 8.2.4. Spain Marine Turbochargers Market
- 8.2.5. Italy Marine Turbochargers Market
- 8.2.6. Rest of Europe Marine Turbochargers Market
8.3. Asia-Pacific Marine Turbochargers Market
- 8.3.1. China Marine Turbochargers Market
- 8.3.2. India Marine Turbochargers Market
- 8.3.3. Japan Marine Turbochargers Market
- 8.3.4. Australia Marine Turbochargers Market
- 8.3.5. South Korea Marine Turbochargers Market
- 8.3.6. Rest of Asia-Pacific Marine Turbochargers Market
8.4. Latin America Marine Turbochargers Market
- 8.4.1. Brazil Marine Turbochargers Market
- 8.4.2. Mexico Marine Turbochargers Market
- 8.4.3. Rest of Latin America Marine Turbochargers Market
8.5. Middle East & Africa Marine Turbochargers Market
- 8.5.1. Saudi Arabia Marine Turbochargers Market
- 8.5.2. South Africa Marine Turbochargers Market
- 8.5.3. Rest of Middle East & Africa Marine Turbochargers Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. ABB Ltd.
- 9.1.2. Mitsubishi Heavy Industries, Ltd.
- 9.1.3. Cummins Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. ABB Ltd.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Mitsubishi Heavy Industries, Ltd.
- 9.3.3. Cummins Inc.
- 9.3.4. MAN Energy Solutions SE
- 9.3.5. BorgWarner Inc.
- 9.3.6. Honeywell International Inc.
- 9.3.7. Kawasaki Heavy Industries, Ltd.
- 9.3.8. Napier Turbochargers Ltd.
- 9.3.9. IHI Corporation
- 9.3.10. Turbo Systems Inc.
- 9.3.11. MTU Friedrichshafen GmbH
- 9.3.12. PBS Velka Bites
- 9.3.13. KBB Turbochargers
- 9.3.14. Hedemora Turbo & Diesel AB
- 9.3.15. Niigata Power Systems Co., Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes