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Automotive Turbochargers Global Market Report 2023

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    Report

  • 200 Pages
  • March 2023
  • Region: Global
  • The Business Research Company
  • ID: 5766899
The automotive turbocharger refers to a turbine-driven, forced induction device that increases an internal combustion engine's power output, which is done by forcing extra compressed air into the combustion chamber. Automotive turbochargers are used to improve an engine’s efficiency by increasing the density of the intake gas, thereby allowing more power per engine cycle.

The main vehicle types in automotive turbochargers include PCV, LCV, and HCV. The passenger commercial vehicle (PCV) market consists of sales of automotive turbocharger solutions by entities (organizations, sole traders, and partnerships) for passenger cars used for carrying passengers and comprising of no more than 8 seats, in addition to the driver’s seat, and not exceeding a maximum mass of 3.5 tons. The light commercial vehicle (LCV) market consists of sales of automotive turbocharger solutions by entities (organizations, sole traders, and partnerships) for light commercial vehicles that are used as commercial carrier vehicles with a vehicle weight of no more than 3.5 metric tonnes gross. The heavy commercial vehicle (HCV) market consists of sales of automotive turbocharger solutions by entities (organizations, sole traders, and partnerships) for heavy commercial vehicles that are used as carrier vehicles with a gross combination mass (GCM) of over 3.5 metric tons. The technologies used in automotive turbochargers include VGT/VNT, Wastegate, and Twin-Turbo. The sales channels for sutomotive turbochargers include OEM and aftermarket. The fuel types used by automotive turbochargers include gasoline and diesel.

The main vehicle types in the automotive turbocharger market are PCV, LCV, and HCV. Passenger cars are used for carrying passengers, comprising no more than eight seats in addition to the driver’s seat and having a maximum mass of not exceeding 3.5 tons. Light commercial vehicles are used as commercial carrier vehicles with a gross vehicle weight of no more than 3.5 metric tons. Heavy commercial vehicles are used as carrier vehicles with a gross combination mass (GCM) of over 3.5 metric tons. The different automotive turbocharger technologies are VGT/VNT, wastegate, and twin-turbo. The automotive turbocharger sales channels include OEM and aftermarket for fuel types such as gasoline and diesel.

The global automotive turbochargers market grew from $13.36 billion in 2022 to $14.6 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive turbochargers market is expected to grow to $21.01 billion in 2027 at a CAGR of 9.5%.

The automotive turbocharger market research report is one of a series of new reports that provides automotive turbocharger market statistics, including global market size, regional shares, competitors with an automotive turbocharger market share, detailed automotive turbocharger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive turbocharger industry. This automotive turbocharger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Companies in the automotive turbocharger market are focusing on the development of electric turbochargers for applications in both light and commercial vehicles, in all fuels such as gasoline, diesel, and natural gas (CNG). Electrically assisted turbochargers can be used not just to drive the turbocharger shaft but also to break the vehicle. For instance, in 2021, Switzerland-based turbocharger company, Garrett Motion, was developing electric turbochargers (e-turbos) to eliminate turbo lag while adding additional performance benefits. The turbocharger provides larger power and efficiency gains, remains cooler, and enhances engine responsiveness while aiding in a nearly 20% reduction in NOx emissions.

In October 2020, a US-based automotive supplier BorgWarner Inc., acquired Delphi Technologies for $3.3 billion. Delphi Technologies is a manufacturer of electrification products, software, and controls. Through this acquisition, BorgWarner is expected to strengthen its electronics and power electronics products, capabilities, and scale, creating a leader in electrified propulsion systems. Delphi Technologies is based out of London, UK, and was founded in 1998.

Western Europe was the largest region in the automotive turbocharger market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive turbocharger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the automotive turbocharger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The increasing demand for passenger cars is driving the growth of the automotive turbocharger market. Turbocharged engines generally have greater power density and high fuel efficiency, while allowing more horsepower and torque. The increase in purchasing power and low-interest rates in developing economies, along with consumer preference towards personal mobility, is expected to drive the demand for passenger cars, thus increasing demand for automotive turbochargers. For instance, the global passenger car market is expected to grow from $1,321.7 billion in 2020 to $1,988.7 billion by 2025.

The automotive turbocharger market of sales of single-turbo, twin-turbo, twin-scroll turbo, variable geometry turbo, variable twin scroll turbo, and electric turbo. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major players in the automotive turbocharger market are Honeywell, BorgWarner, Mitsubishi Heavy Industries, Ltd., IHI, Continental, Bosch, Mahle, Cummins, Delphi Technologies, Precision Turbo & Engine, Inc., Turbonetics, Turbo International, ABB Turbo Systems Ltd., TEL, Rotomaster International, Fuyuan Turbocharger Co., Ltd., and Hunan Tyen Machinery Co., Ltd.



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Frequently Asked Questions about the Global Automotive Turbochargers Market

What is the estimated value of the Global Automotive Turbochargers Market?

The Global Automotive Turbochargers Market was estimated to be valued at $14.6 billion in 2023.

What is the growth rate of the Global Automotive Turbochargers Market?

The growth rate of the Global Automotive Turbochargers Market is 9.5%, with an estimated value of $21.01 billion by 2027.

What is the forecasted size of the Global Automotive Turbochargers Market?

The Global Automotive Turbochargers Market is estimated to be worth $21.01 billion by 2027.

Who are the key companies in the Global Automotive Turbochargers Market?

Key companies in the Global Automotive Turbochargers Market include Honeywell, BorgWarner, Mitsubishi Heavy Industries Ltd., IHI, Continental, Bosch Mahle, Cummins, Delphi Technologies, Precision Turbo & Engine INC and Turbonetics.

Table of Contents

1. Executive Summary

2. Automotive Turbochargers Market Characteristics

3. Automotive Turbochargers Market Trends And Strategies

4. Automotive Turbochargers Market - Macro Economic Scenario
4.1. COVID-19 Impact On Automotive Turbochargers Market
4.2. Ukraine-Russia War Impact On Automotive Turbochargers Market
4.3. Impact Of High Inflation On Automotive Turbochargers Market

5. Automotive Turbochargers Market Size And Growth
5.1. Global Automotive Turbochargers Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Automotive Turbochargers Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Automotive Turbochargers Market Segmentation
6.1. Global Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • PCV
  • LCV
  • HCV
6.2. Global Automotive Turbochargers Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • VGT/VNT
  • Wastegate
  • Twin-Turbo
6.3. Global Automotive Turbochargers Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • OEM
  • Aftermarket
6.4. Global Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Gasoline
  • Diesel
7. Automotive Turbochargers Market Regional And Country Analysis
7.1. Global Automotive Turbochargers Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Automotive Turbochargers Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Automotive Turbochargers Market
8.1. Asia-Pacific Automotive Turbochargers Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Automotive Turbochargers Market
9.1. China Automotive Turbochargers Market Overview
9.2. China Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Automotive Turbochargers Market
10.1. India Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Automotive Turbochargers Market
11.1. Japan Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Automotive Turbochargers Market
12.1. Australia Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Automotive Turbochargers Market
13.1. Indonesia Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Automotive Turbochargers Market
14.1. South Korea Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Automotive Turbochargers Market
15.1. Western Europe Automotive Turbochargers Market Overview
15.2. Western Europe Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Automotive Turbochargers Market
16.1. UK Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Automotive Turbochargers Market
17.1. Germany Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Automotive Turbochargers Market
18.1. France Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Automotive Turbochargers Market
19.1. Eastern Europe Automotive Turbochargers Market Overview
19.2. Eastern Europe Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Automotive Turbochargers Market
20.1. Russia Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Automotive Turbochargers Market
21.1. North America Automotive Turbochargers Market Overview
21.2. North America Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Automotive Turbochargers Market
22.1. USA Automotive Turbochargers Market Overview
22.2. USA Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Automotive Turbochargers Market
23.1. South America Automotive Turbochargers Market Overview
23.2. South America Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Automotive Turbochargers Market
24.1. Brazil Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Automotive Turbochargers Market
25.1. Middle East Automotive Turbochargers Market Overview
25.2. Middle East Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Automotive Turbochargers Market
26.1. Africa Automotive Turbochargers Market Overview
26.2. Africa Automotive Turbochargers Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Automotive Turbochargers Market, Segmentation Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Automotive Turbochargers Market Competitive Landscape And Company Profiles
27.1. Automotive Turbochargers Market Competitive Landscape
27.2. Automotive Turbochargers Market Company Profiles
27.2.1. Honeywell
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. BorgWarner
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Mitsubishi Heavy Industries, Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. IHI
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Continental
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Automotive Turbochargers Market

29. Automotive Turbochargers Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Automotive Turbochargers Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automotive turbochargers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for automotive turbochargers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive turbochargers market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Vehicle Type: PCV; LCV; HCV
2) By Technology: VGT/VNT; Wastegate; Twin-Turbo
3) By Sales Channel: OEM; Aftermarket
4) By Fuel Type: Gasoline; Diesel

Companies Mentioned: Honeywell; BorgWarner; Mitsubishi Heavy Industries Ltd.; IHI; Continental

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Honeywell
  • BorgWarner
  • Mitsubishi Heavy Industries Ltd.
  • IHI
  • Continental
  • Bosch Mahle
  • Cummins
  • Delphi Technologies
  • Precision Turbo & Engine INC
  • Turbonetics
  • Turbo International
  • ABB Turbo Systems Ltd
  • TEL
  • Rotomaster International
  • Fuyuan Turbocharger Co. Ltd.
  • Hunan Tyen Machinery Co. Ltd.

Methodology

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