Automotive Turbocharger Market, By Type (Variable Geometry Turbocharger, Wastegate Turbocharger, Ele

Published Date: April 2020 | Report Code : AT2061817

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Automotive Turbocharger Market, By Type (Variable Geometry Turbocharger, Wastegate Turbocharger, Electric Turbocharger, Variable Twin Scroll Turbocharger, Twin Turbocharger, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Truck, Bus), Material (Cast Iron, Aluminum, and Others), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Market Size & Forecasting To 2028

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Domain : Automotive

Report Code : AT2061817

Status : Published April 2020

The Global Automotive Turbocharger Market size was valued at USD 12.6 billion in 2019 and is anticipated to grow at a CAGR of 6.4% during the forecast period. Automotive turbocharger is used to enhance the volumetric efficiency of intake manifold in engines. The power output of the engine is increases by pressuring the extra compressed air into the combustion chamber through turbocharger. There are various types of automotive turbocharger which includes twin-turbo, single-turbo, twin-scroll turbo, variable geometry turbo, and electric turbo. The capacity and charging capacity of the turbocharger is varying through which they are fitted into passenger cars, light commercial vehicles, truck, and bus.    

Increase in demand for fuel efficiency in vehicles, increase in sales of passenger cars, rise in need for performance in heavy duty vehicles, stringent government regulations towards vehicle emission are the factors expected to increase the demand for automotive turbocharger during the forecast period. Furthermore, increase in demand for electric vehicles, limited life and high maintenance costs are expected to restrain the growth automotive turbocharger market.

Increase in demand for electric turbochargers, increase in need for higher capacity turbochargers, and increase in automotive aftermarket are the factors which are expected to increase the opportunities for the manufacturers in automotive turbocharger market.

Key Factors Impacting the Growth of Automotive Turbocharger Market:

  • Increase in production and sales of vehicles
  • Increase in demand for high performance in vehicles
  • Stringent government regulations regarding vehicle emission
  • Growing demand for fuel efficiency in vehicles

The automotive turbocharger market segmentation is based on type, vehicle type, material, and region.

Vehicle Type Outlook:

On the basis of vehicle type the market is segmented into passenger cars, light commercial vehicles, truck, and bus. The passenger cars segment is expected to account for the largest share in automotive turbocharger market. Increase in sales of passenger car, increase in demand for high capacity engines in cars, and increase in innovation and development in enhancing the fuel efficiency in passenger cars are expected to increase the demand for respiratory the automotive turbochargers in passenger car during the forecast period.  

Type Outlook:

Based on type, the automotive turbocharger market has been segmented into variable geometry turbocharger, wastegate turbocharger, electric turbocharger, variable twin scroll turbocharger, twin turbocharger, and others. The wastegate turbocharger segment is expected to account for largest share in the market. Wastegate turbocharger offers higher efficiency, lower costs, incrase in adoption of wastegate turbocharger in passenger cars, and reduced emissions are expected to increase demand for wastegate turbocharger in vehicles during the forecast period.

Regional Outlook:

Based on the region, the global automotive turbocharger market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Asia Pacific is expected to register largest share in the market due to rising sales of vehicles, stringent emission regulations in China, Japan, and South Korea, increase in fleet size, rising foreign direct investment in manufacturing, and growing automotive aftermarket industry.

North America is estimated to project the fastest growth rate in the global automotive turbocharger market during the forecast period. Government mandates for the vehicle emissions, increase in demand for fuel efficient vehicles, and increase in innovation and development in high capacity turbochargers in heavy duty vehicles are the key factors expected to increase the demand for automotive turbocharger in region.

The report analyzes factors affecting the automotive turbocharger market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Automotive turbocharger market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major companies are investing in research and development. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the automotive turbocharger market and increase their product portfolio. The key leading players in the market include Honeywell, Borgwarner, IHI, Cummins, TEL, Continental AG, Mitsubishi Heavy Industries, Bmts Technology, ABB, and Delphi Technologies.

This report also includes the profiles of key automotive turbocharger market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Automotive Turbocharger Market:

  • In March 2020, Cummins developed two new features in its HE600 Holset Turbocharger, compressor stage and turbine housing.
  • In April 2019, BorgWarner developed new series of turbocharger. The new series contains 13 new turbochargers which are mainly designed for light commercial vehicles and heavy commercial vehicles.
  • In May 2019, Continental AG developed new turbocharger named as ring catalyst turbocharger. This new turbocharger is designed for light weight vehicles to reduce fluid dynamic losses and increase efficiency.

What Does This Report Provide?

This report provides a detailed understanding of the global automotive turbocharger market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Type

  • Variable Geometry Turbocharger
  • Wastegate Turbocharger
  • Electric Turbocharger
  • Variable Twin Scroll Turbocharger
  • Twin Turbocharger
  • Others

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Truck
  • Bus

By Material

  • Cast Iron
  • Aluminum
  • Others

By Region:

  • North America Automotive Turbocharger Market
    • By Country (US, Canada, Mexico)
    • By Type
    • By Vehicle Type
    • By Material
  • Europe Automotive Turbocharger Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Vehicle Type
    • By Material
  • Asia Pacific Automotive Turbocharger Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Vehicle Type
    • By Material
  • Middle East & Africa Automotive Turbocharger Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Type
    • By Vehicle Type
    • By Material
  • South America Automotive Turbocharger Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Type
    • By Vehicle Type
    • By Material

Reasons to Buy This Report:

  • Market size estimation of the automotive turbocharger market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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