Automotive Turbocharger Market is Estimated to Reach USD 24.1 Billion in 2024
Automotive Turbocharger Market is Estimated to Reach USD 24.1 Billion in 2024
The Global Automotive Turbocharger Market is estimated to reach USD 24.1 Billion in 2024 at a CAGR of 10.2%. Increase in demand for low fuel consuming vehicles and strict emission regulations for fuel efficiency are expected to drive the automotive turbocharger market during the forecast period. However, service and maintenance cost is expected to restrain the market during the forecast period. Increase in demand for electric turbocharging and rising R&D activities for development of advanced automotive turbochargers is expected to become an opportunity for automotive turbocharger market.
Automotive turbocharger is a power-boosting device fitted to a vehicle’s engine which recovers the waste energy from the exhaust gasses and uses it to compress the air and feeds it into the engine for maintaining air to fuel ratio. Turbocharger is used to improve engine’s efficiency by increasing the density of the intake gas thereby allowing more power to engine. Some key players in automotive turbocharger are BorgWarner Inc., Continental AG, BMTS TECHNOLOGY, Cummins Inc., and Honeywell International Inc. among others.
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Automotive Turbocharger Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global automotive turbocharger market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks. On the basis of type, the market is segmented into single-turbo, twin-turbo, twin-scroll turbo, variable geometry turbo, variable twin scroll turbo and electric turbo. Based on components, the market can be segmented into compressor, turbine and center housing. Based on fuel type, the market can be segmented into compressed natural gas (CNG), diesel and gasoline. Based on application, the market can be segmented into passenger vehicles, light duty vehicles (LDV) and heavy duty vehicles (HDV). Based on end user, the market can be segmented into original equipment manufacturer (OEM) and aftermarket. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
Automotive Turbocharger Market: Report Scope
The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Automotive Turbocharger Market include:
- BorgWarner Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Continental AG
- BMTS TECHNOLOGY
- Cummins Inc.,
- Honeywell International Inc
- IHI Corporation
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- ABB ltd.
- Linamar Corporation
- Delphi Technologies
- Other Key Companies
Automotive Turbocharger Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Turbocharger Market, by Type
- Single-Turbo
- Twin-Turbo
- Twin-Scroll Turbo
- Variable Geometry Turbo
- Variable Twin Scroll Turbo
- Electric Turbo
Automotive Turbocharger Market, by Components
- Compressor
- Turbine
- Center Housing
Automotive Turbocharger Market, by Fuel Type
- Compressed Natural Gas (CNG)
- Diesel
- Gasoline
Automotive Turbocharger Market, by Application
- Passenger Vehicles
- Light Duty Vehicles (LDV)
- Heavy Duty Vehicles (HDV)
Automotive Turbocharger Market, by End User
- Original Equipment Manufacturer (OEM)
- Aftermarket
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Automotive Turbocharger Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
Table of Content
- INTRODUCTION
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- AUTOMOTIVE TURBOCHARGER MARKET BY TYPE, Market Size in USD Million and Units (2017–2024)
- AUTOMOTIVE TURBOCHARGER MARKET BY COMPONENTS, Market Size in USD Million and Units (2017–2024)
- AUTOMOTIVE TURBOCHARGER MARKET BY FUEL TYPE, Market Size in USD Million and Units (2017–2024)
- AUTOMOTIVE TURBOCHARGER MARKET BY APPLICATION, Market Size in USD Million and Units (2017–2024)
- AUTOMOTIVE TURBOCHARGER MARKET BY END USER, Market Size in USD Million and Units (2017–2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
- APPENDIX
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