The global automotive turbocharger market is projected to reach USD 26,350 million by 2027 from USD 12,461 million in 2019, at a CAGR of 9.8%.
The Asia Pacific region is projected to lead the automotive turbocharger market during the forecast period owing to the higher vehicle production in this region. The growth of the automotive turbocharger market is influenced by factors such as the increasing average life of vehicles, changing consumer preferences for greater power generating vehicles, stringent emission regulations in Europe and North America, and the upcoming regulations in Asian countries such as China and India.
Asia-Pacific is estimated to be the largest market for automotive turbochargers because of the growing need to reduce CO2 emissions and to provide better fuel economy. With the increasing vehicle production and the growing demand for downsized engines, the demand for turbochargers is increasing continuously. According to OICA publications, global vehicle production increased from 77.6 million units (2010) to 97.3 million units in 2017. Particularly in the Asian region, increasing industrialization is driving the production of trucks and commercial vehicles. The installation rate of the turbochargers in commercial vehicles and trucks is 100%.
The automotive turbocharger market is dominated by a few global players and several regional players. Some of the key players in the automotive turbocharger market are Garrett Motion (Switzerland), Continental AG (Germany), BorgWarner (US), and IHI (Japan).
Key Highlights
Growing stringency in emission regulations and speculated increase in gasoline turbocharger demand are projected to drive the automotive turbocharger market globally
Aluminum is estimated to be the fastest-growing material for turbochargers
Passenger car segment is estimated as the largest market for turbocharger
Asia Oceania to dominate the automotive turbocharger market
Reasons to Buy the Report
Technology-wise market sizing & forecast of automotive turbochargers, which is further split into regions. The study would also give the future trend of electric turbochargers, with growth of mild-hybrid vehicles
The automotive turbochargers market is also discussed in terms of materials used in the turbochargers at present, and material shift which would be observed in coming years
Another aspect covered in the study is the analysis of turbocharger market in terms of fuel type. The report discusses on change in fuel types historically vs present and which fuel type would be preferred in coming years
The demand for turbochargers is further analyzed for On- & Off-Highway vehicles. The demand for turbochargers in On-Highway vehicle type is discussed at the country-level, whereas the OHV turbocharger demand is discussed at the regional level.
The study also discusses the aftermarket potential of automotive turbochargers in light-duty and heavy-duty vehicles.
The report covers Competitive Leadership Mapping (micro-quadrant analysis) on the major players that offer automotive turbochargers in the global market.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Automotive Turbocharger Market, Premium Insights 4.1 Attractive Opportunities in the Automotive Turbocharger Market 4.2 Automotive Turbocharger Market, By Technology 4.3 Automotive Turbocharger Market, By Fuel Type 4.4 Automotive Turbocharger Market, By Vehicle Type 4.5 Automotive Turbocharger Market, By Material 4.6 Automotive Turbocharger Market, By Off-Highway Vehicles 4.7 Automotive Turbocharger Market, By Region 4.8 Automotive Turbocharger Aftermarket
5 Market Overview 5.1 Introduction 5.2 Years Considered for the Study 5.3 Currency and Pricing 5.4 Market Dynamics 5.4.1 Drivers 5.4.1.1 Decrease in Emission Limits in Upcoming Emission Regulations 5.4.1.2 Increased Demand for Passenger Car Gasoline Engines 5.4.2 Restraints 5.4.2.1 Higher Maintenance Cost and More Cooling Oil Requirements 5.4.2.2 Decrease in Vehicle Production in the Last Few Years 5.4.3 Opportunities 5.4.3.1 Electric Turbochargers Will Give a Boost to the Future Demand for Turbochargers 5.4.4 Challenges 5.4.4.1 Turbo Lag 5.4.4.2 Durable, Temperature Resistant, Economical Materials for Turbochargers 5.5 Revenue Shift for the Turbocharger Manufacturers 5.6 Automotive Turbocharger Market, Scenarios (2017-2027) 5.6.1 Automotive Turbocharger Market, Most Likely Scenario 5.6.2 Automotive Turbocharger Market, Optimistic Scenario 5.6.3 Automotive Turbocharger Market, Pessimistic Scenario
6 Automotive Turbocharger Market, By Vehicle Type 6.1 Introduction 6.1.1 Research Methodology 6.1.2 Assumptions 6.1.3 Global Vehicle Production Data 6.2 Passenger Cars 6.2.1 Increasing Passenger Car Production Will Boost the Turbocharger Market in Asia Pacific and Europe 6.3 Light Commercial Vehicles 6.3.1 Increasing Trend of Turbocharger Application in LCV Will Boost the Growth of the North America Market 6.4 Truck 6.4.1 Growth in Construction, Infrastructure & Transportation Sectors to Drive the Automotive Turbocharger Demand 6.5 Bus 6.5.1 Increasing Demand for Public and Private Transportation to Boost the Market for Buses in Asia
7 Automotive Turbocharger Market, By Fuel Type 7.1 Introduction 7.1.1 Research Methodology 7.1.2 Assumptions 7.1.3 Industry Insights 7.2 Diesel 7.2.1 Increasing Stringent Emission Norms Will Impact the Automotive Turbocharger Market 7.3 Gasoline 7.3.1 Increasing Demand From Europe Will Drive the Market for Gasoline Vehicles 7.4 Alternate Fuel/CNG 7.4.1 Subsidized Price and Environmental Benefits Will Help CNG Vehicles to Grow
8 Automotive Turbocharger Market, By Technology 8.1 Introduction 8.1.1 Research Methodology 8.1.2 Assumptions 8.1.3 Industry Insights 8.2 Variable Geometry Turbocharger (VGT/VNT) 8.2.1 Demand for High Efficiency and Low Carbon Emission Technology Will Drive the Variable Geometry Turbocharger Market 8.3 Wastegate Turbocharger 8.3.1 Increasing Demand for Small Cars in Asia Pacific Will Drive the Wastegate Turbocharger Market 8.4 Electric Turbocharger 8.4.1 Use of 48v Architecture in Future Cars and Plug-In Hybrid Will Drive the Electric Turbocharger Market 8.5 Variable Twin Scroll Turbocharger 8.6 Twin Turbocharger 8.6.1 Two Stage Series Turbocharger 8.6.2 Two Stage Parallel Turbocharger 8.6.3 Twin Scroll Turbocharger 8.7 Free-Floating Turbocharger 8.8 Double Axle Turbocharger 8.9 Market Leaders
9 Automotive Turbocharger Market, By Material 9.1 Introduction 9.1.1 Research Methodology 9.1.2 Assumptions 9.1.3 Industry Insights 9.2 Cast Iron 9.2.1 Demand for Cost-Effective and Heat Resistant Material Will Help the Cast Iron Market to Grow 9.3 Aluminum 9.3.1 Use of Aluminum Turbine Housing in Ldv Will Increase in Future 9.4 Other Materials 9.4.1 Use of Other Materials in Performance Cars Will Drive the Turbocharger Market
10 Automotive Turbocharger Market, By Components 10.1 Introduction 10.1.1 Industry Insights 10.2 Turbine 10.3 Compressor 10.4 Housing
11 Off-Highway Turbocharger Market, By Industry 11.1 Introduction 11.1.1 Research Methodology 11.1.2 Assumptions 11.1.3 Industry Insights 11.2 Agriculture Tractor 11.2.1 Increasing Demand for High-Performance Power Tractor Will Drive the Demand for Automotive Turbocharger 11.3 Construction Equipment 11.3.1 Growth in Construction & Infrastructure Activities in Asia Pacific and North America Will Drive the Market
12 Automotive Turbocharger Aftermarket, By Vehicle Type 12.1 Introduction 12.1.1 Research Methodology 12.1.2 Assumptions 12.1.3 Industry Insights 12.2 Light Commercial Vehicle (LCV) 12.2.1 Increasing Adoption of Turbocharger for LCV in North America Will Boost the Demand in Future 12.3 Heavy Commercial Vehicle (HCV) 12.3.1 HCV Will Lead the Market, Due to the High Miles Driven Compare With the LCV's
13 Automotive Turbocharger Market, By Region 13.1 Introduction 13.1.1 Research Methodology 13.1.2 Assumptions/Limitations 13.1.3 Industry Insights 13.2 Asia Pacific 13.2.1 Asia Pacific Vehicle Production Data 13.2.2 Increase in Passenger Car Sales Will Drive the Market 13.2.3 China 13.2.3.1 China Vehicle Production Data 13.2.3.2 Emission Norms, Popularity of TGDI Will Drive the Market 13.2.4 India 13.2.4.1 India Vehicle Production Data 13.2.4.2 Increase in Gasoline Vehicles Will Drive the Market 13.2.5 Japan 13.2.5.1 Increasing use of TGDI Engine Will Drive the Market 13.2.5.2 Increased Production of Hev Will Drive the Market 13.2.6 South Korea 13.2.6.1 South Korea Vehicle Production Data 13.2.6.2 Emission Norms, Shift Towards Gasoline Will Drive the Market 13.2.7 Thailand 13.2.7.1 Thailand Vehicle Production Data 13.2.7.2 Stringent Emission Norms to Drive the Market 13.2.8 Indonesia 13.2.8.1 Indonesia Vehicle Production Data 13.2.8.2 Availability of High-Quality Gasoline, Government Incentives to Promote Clean Transportation Will Drive the Market 13.2.9 Rest of Asia Pacific 13.2.9.1 Rest of Asia Pacific Vehicle Production Data 13.2.9.2 Stringent Emission Norms, Growing Economy Will Drive the Market 13.3 Europe 13.3.1 Europe Vehicle Production Data 13.3.2 Stringent Emission Limits Will Drive the Market 13.3.3 Germany 13.3.3.1 Germany Vehicle Production Data 13.3.3.2 Emission Norms, Shift Toward Gasoline Vehicles Will Drive the Market 13.3.4 France 13.3.4.1 France Vehicle Production Data 13.3.4.2 Production of Mild Hybrid Vehicles, Ban on Diesel Vehicles Will Drive the Market 13.3.5 UK 13.3.5.1 UK Vehicle Production Data 13.3.5.2 Lenient Gasoline Emission Norms Will Drive the Market 13.3.6 Spain 13.3.6.1 Spain Vehicle Production Data 13.3.6.2 Increased Sales of Gasoline Vehicles Will Drive the Market 13.3.7 Italy 13.3.7.1 Italy Vehicle Production Data 13.3.7.2 Government Subsidies, Mild Hybrid Vehicles Will Drive the Market 13.3.8 Russia 13.3.8.1 Russia Vehicle Production Data 13.3.8.2 Stringent Emission Norms, Popularity of Ngv Will Drive the Market 13.3.9 Turkey 13.3.9.1 Turkey Vehicle Production Data 13.3.9.2 Reduced Emission Limits for Diesel Vehicles Will Drive the Market 13.3.10 Poland 13.3.10.1 Growing Production of Heavy-Duty Vehicles, Presence of Key Players Will Drive the Market 13.3.11 Slovakia 13.3.11.1 Stringent Emission Norms, Increased Production of Passenger Cars Will Drive the Market 13.3.12 Rest of Europe 13.3.12.1 Rest of Europe Vehicle Production Data 13.3.12.2 Stringent Emission Norms, Growing Economy Will Drive the Market 13.4 North America 13.4.1 North America Vehicle Production Data 13.4.2 Increasing Demand for TGDI Will Drive the Market 13.4.3 US 13.4.3.1 US Vehicle Production Data 13.4.3.2 Increasing Adaption of TGDI Engine And, Stringent Emission Norms Will Drive the Market 13.4.4 Canada 13.4.4.1 Canada Vehicle Production Data 13.4.4.2 Demand for Higher Fuel Economy Will Drive the Market 13.4.5 Mexico 13.4.5.1 Mexico Vehicle Production Data 13.4.5.2 Rising Fuel Prices, Stringent Emission Norms Will Drive the Market 13.5 RoW 13.5.1 RoW Vehicle Production Data 13.5.2 Growing Economy, Stringent Emission Norms Will Drive the Market 13.5.3 Brazil 13.5.3.1 Brazil Vehicle Production Data 13.5.3.2 Increased Sales of Diesel Vehicles, Mild Hybrid Vehicles Will Drive the Market 13.5.4 Argentina 13.5.4.1 Argentina Vehicle Production Data 13.5.4.2 Shift Toward Alternate Fuels Will Drive the Market 13.5.5 Iran 13.5.5.1 Iran Vehicle Production Data 13.5.5.2 Stringent Emission Norms, Exploration of Natural Gas Reserves Will Drive the Market 13.5.6 South Africa 13.5.6.1 South Africa Vehicle Production Data 13.5.6.2 Increased Popularity of TGDI, Presence of Key Players Will Drive the Market 13.5.7 Others 13.5.7.1 Others Vehicle Production Data 13.5.7.2 Push Toward Cleaner Transportation Will Drive the Market
14 Recommendations 14.1 Asia Pacific Will be the Major Market for Automotive Turbocharger 14.2 Electric Turbocharger Can be a Key Focus for Manufacturers 14.3 Conclusion
15 Competitive Landscape 15.1 Overview 15.2 Automotive Turbocharger Market: Market Ranking Analysis 15.3 Competitive Scenario 15.3.1 New Product Developments 15.3.2 Expansions 15.3.3 Competitive Leadership Mapping 15.3.4 Visionary Leaders 15.3.5 Innovators 15.3.6 Dynamic Differentiators 15.3.7 Emerging Companies 15.4 Competitive Leadership Mapping: Turbocharger Manufacturers 15.4.1 Strenght of Product Portfolio 15.4.2 Business Strategy Excellence 15.5 Competitive Leadership Mapping: Component Suppliers 15.5.1 Strength of Product Portfolio 15.5.2 Business Strategy Excellence 15.6 Right to Win
16 Company Profiles 16.1 Key Players 16.1.1 Honeywell 16.1.2 Continental AG 16.1.3 Borgwarner 16.1.4 Mitsubishi Heavy Industries 16.1.5 IHI 16.1.6 Bmts Technology 16.1.7 Cummins 16.1.8 ABB 16.1.9 TEL 16.1.10 Delphi Technologies 16.2 Additional Company Profiles 16.2.1 North America 16.2.1.1 Rotomaster International 16.2.1.2 Precision Turbo & Engine Inc. 16.2.1.3 Turbonetics Inc. 16.2.1.4 Turbo International 16.2.2 Europe 16.2.2.1 Kompressorenbau Bannewitz GmbH 16.2.2.2 Turbo Dynamics Ltd. 16.2.2.3 Cimos 16.2.3 Asia-Pacific 16.2.3.1 Calsonic Kansei 16.2.3.2 Weifang Fuyuan Turbocharger Co. Ltd. 16.2.3.3 Hunan Tyen Machinery Co. Ltd. 16.2.3.4 Ningbo Motor Industrial Co. Ltd.