Global Automotive Turbocharger
Market Report
2024
The global Automotive Turbocharger market will be USD 14.10 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. This growth can be because of the increasing demand for fuel efficiency and engine performance.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Turbocharger Market Sales Revenue 2024 | $ 14.1 Billion |
Global Automotive Turbocharger Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.9% |
Market Drivers:The strict emission regulations are anticipated to drive the Automotive Turbocharger market's expansion in the years ahead. | |
Market Restrains:
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Market Split by Turbo Type |
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Market Split by Vehicle Type |
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Market Split by Propulsion Type |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Turbocharger industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Turbocharger Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The automotive turbocharger market represents a vital segment within the automotive industry, driving advancements in engine performance, fuel efficiency, and emissions reduction. Turbochargers, comprising a turbine and compressor driven by exhaust gases, are widely utilized to enhance engine power output by compressing intake air. This compressed air offer for more efficient combustion, leading to increased horsepower and torque without the need for larger engines. Moreover, turbocharging enables the downsizing of engines, facilitating better fuel economy while maintaining or enhancing performance. The market for automotive turbochargers is fueled by stringent emissions regulations worldwide, pushing automakers to adopt turbocharging technology to meet standards while satisfying consumer demand for powerful yet efficient vehicles. Additionally, the growing trend towards engine downsizing further propels the demand for turbochargers. As automotive manufacturers continue to innovate and optimize engine designs, turbochargers remain integral components driving the evolution of modern vehicles.
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In March 2022, Meritor, Inc. was fully acquired by Cummins Inc. For the commercial vehicles and industrial markets, the latter is a globally recognized manufacturer of drivetrain, mobility, brakes, aftermarket, and electrical powertrain solutions. (Source: https://runwiththebull.meritor.com/meritor-service-point)
Top Companies Market Share in Automotive Turbocharger Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in the year 2024 and accounted for 40% of the global revenue due to the region's strong automotive industry, characterized by a significant presence of leading automakers and a large consumer base, drives demand for turbocharged vehicles. Additionally, stringent emissions regulations in North America push automakers to adopt turbocharging technology to improve fuel efficiency and reduce emissions.
Asia-Pacific stands out as the fastest-growing region in the Automotive Turbocharger market due to the region's burgeoning automotive industry, coupled with the increasing demand for the fuel-efficient vehicles, is driving the adoption of turbocharger technology. Additionally, stringent emission regulations across countries like China and India are pushing automakers to adopt turbochargers to improve engine efficiency and reduce emissions.
The current report Scope analyzes Automotive Turbocharger Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Turbocharger Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Turbocharger Industry growth. Automotive Turbocharger market has been segmented with the help of its Turbo Type, Vehicle Type Propulsion Type, and others. Automotive Turbocharger market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, twin-turbo is the dominant category due to its ability to deliver higher levels of power and performance compared to single turbochargers. By employing two turbochargers of different sizes, twin-turbo systems can effectively mitigate turbo lag and provide more linear power delivery across a wider range of engine speeds. This configuration enhances engine responsiveness and overall driving experience, making twin-turbochargers particularly desirable for high-performance vehicles and applications where rapid acceleration and dynamic performance are paramount .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Turbocharger Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Turbocharger from 2019 to 2031. This will also help to analyze the demand for Automotive Turbocharger across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle Type of Automotive Turbocharger are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Turbocharger market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Turbocharger Market is witnessing significant growth in the near future.
In 2023, the Single-Turbo segment accounted for noticeable share of global Automotive Turbocharger Market and is projected to experience significant growth in the near future.
The Passenger Car segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Continental AG, Cummins Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Turbo Type | Single-Turbo, Twin-Turbo, Twin-Scroll Turbo, Variable Geometry Turbo, Variable Twin Scroll Turbo, Wastegate, Electric Turbo |
Vehicle Type | Passenger Car, Commercial Vehicles, Sports Car |
Propulsion Type | Petrol, Diesel, CNG & LPG |
Distribution Channel | OEM, Aftermarket |
List of Competitors | Continental AG, Garett Motion Inc., Cummins Inc., Mitsubishi Heavy Industries Ltd., Toyota Industries Corporation, Eaton Corporation Plc, BorgWarner Inc., IHI Corporation, BMTS Technology GmbH & Co. KG, Weifang FuYuan Turbochargers Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Automotive Turbocharger. Further deep in this chapter, you will be able to review Global Automotive Turbocharger Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Turbocharger Market Trends North America Automotive Turbocharger Technological Road Map North America Automotive Turbocharger Market Drivers North America Automotive Turbocharger Market Restraints North America Automotive Turbocharger Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Turbo Type Analysis 2019 -2031, will provide market size split by Turbo Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Turbo Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Propulsion Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Turbocharger market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Single-Turbo have a significant impact on Automotive Turbocharger market? |
What are the key factors affecting the Single-Turbo and Twin-Turbo of Automotive Turbocharger Market? |
What is the CAGR/Growth Rate of Passenger Car during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Turbocharger Market? |
Which region is expected to dominate the global Automotive Turbocharger Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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