Automotive Turbocharger Market Report and Forecast 2025-2034

The global automotive turbocharger market reached a value of above USD 13.31 Billion in 2024. The industry is further expected to grow at a CAGR of 10.40% in the forecast period of 2025-2034 to reach a value of more than USD 35.80 Billion by 2034.

The Asia Pacific Represents a Considerable Share of the Market for Automotive Turbocharger

The Asia Pacific region accounts for a significant share of the automotive turbocharger industry owing to the increasing automobile production in countries such as China, India, and other economies of Southeast Asia. Due to the substantial manufacturing levels of automobiles, China holds a considerable share of the total demand for turbochargers in the region. With the growing demand for automotive turbochargers in original equipment manufacturing (OEMs), the market is witnessing rapid growth.

The North America automotive turbocharger industry is estimated to grow robustly due to the introduction of various government regulations on vehicle emissions. As regulatory bodies such as the Environmental Protection Agency (EPA) of the United States are implementing strict emission standards for on-road vehicles, the demand for automotive turbochargers is increasing. Automobile manufacturers are required by EPA rules to build cleaner engines that are more fuel-efficient, which is bolstering industry growth of automotive turbocharger. Meanwhile, Europe accounts for a significant share of the market due to the extensive presence of leading automobile companies in countries such as Germany, France, Italy, and Spain, which is significantly contributing to the growth of the overall market.

Global Automotive Turbocharger Market Segmentation

An automotive turbocharger is a turbine-driven induction device that improves the efficiency and output of internal combustion engines. The device is typically used to direct extra fuel into the combustion chamber in case the atmospheric pressure of vehicles fails to keep up with the necessary output. Automobile manufacturers consider turbochargers to be a viable commodity for keeping fossil fuel engines clean.

By fuel type, the market is divided into:

• Diesel
• Gasoline
• Others

Based on vehicle type, the market includes:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

The various technologies of automotive turbocharger in the market are:

• Variable Geometry Turbocharger (VGT)
• Wastegate Turbocharger
• Electric Turbocharger
• Twin Turbocharger
• Two Stage Series Turbocharger
• Two Stage Parallel Turbocharger
• Twin Scroll Turbocharger
• Free-Floating Turbocharger
• Double Axle Turbocharger

The major components of automotive turbocharger in the market are:

• Housing
• Compressor
• Turbine

Based on region, the market includes:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Rising Imposition of Stringent Automotive Emission Norms Augmenting the Market Growth

The introduction of various stringent regulations to minimise emissions and non-renewable energy dependency in the automotive industry is propelling the market for automotive turbocharger. Original equipment manufacturers (OEMs) are increasingly implementing engine-downsizing tactics to maximise vehicle fuel efficiency due to the increasing adoption of strict automobile emission requirements. This trend is projected to drive up demand for turbochargers to reduce vehicle emissions and improve fuel efficiency, which is anticipated to propel the market growth. Moreover, the rising trend of light-weighting engines in commercial vehicles is increasing the shift towards direct gasoline engines, which is estimated to positively impact the market growth in the forecast period.

With the growing demand for fuel-efficient vehicles due to the rising gasoline and diesel prices in the international market, the market for automotive turbocharger is witnessing robust growth. Due to considerable success in both types of fuel engines, the demand for turbocharger-based engine vehicles is increasing rapidly. The growing demand for passenger cars is also increasing the utilisation of automotive turbochargers, hence fuelling the market growth. In addition, the development of fuel cell car turbochargers to improve power production efficiency and provide clean air to fuel cell batteries is estimated to propel the market growth. The introduction of fuel cell technology into passenger cars is expected to further invigorate the market for automotive turbocharger in the forecast period.

Key Industry Players in the Global Automotive Turbocharger Market

The report gives a detailed analysis of the following key players in the global automotive turbocharger market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Continental AG
• Honeywell International Inc.
• Mitsubishi Heavy Industries, Ltd.
• BorgWarner Inc.
• Cummins Inc.
• BMTS Technology GmbH & Co. KG
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.