Automotive Turbocharger Market Size is estimated to grow at a CAGR of 9.5% during the forecast period

 

During the projected period of 2022–2030, the global automotive turbocharger market is expected to develop at a compound annual growth rate (CAGR) of 9.5%.

Automotive turbochargers are typically turbine-driven forced induction devices that increase the effectiveness and output of internal combustion engines (IC). In situations where the vehicle's air pressure might not be sufficient to maintain the desired output, these devices are used to inject extra fuel into the combustion chamber. These chargers are small and have a number of benefits, such as the ability to recycle used air, increased engine performance, and increased combustion chamber air consumption. In high-speed engines, turbochargers operate and function without a power source.

 

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Growth Drivers:

Concerns about environmental deterioration are also growing as a result of the world's automotive industry's explosive growth. As a result, turbochargers are becoming a more popular choice among automakers as a practical way to keep internal combustion (IC) engines clean. In light of this, it is anticipated that over 50% of vehicles made and sold over the next few years will have turbochargers. In addition, it appears that the manufacturers are embracing new technology and working to introduce a new line of sophisticated turbochargers to the market. In the upcoming years, all of these aspects are anticipated to be extremely positive for the growth of the worldwide automotive turbochargers market.

Additional factors include the limited supply of fuel, the rising demand for performance and luxury cars globally, the expanding production of mild hybrid vehicles, the rising number of government mandates to integrate vehicles with the newest technologies for controlling emissions, and the increasing need for car manufacturers to build efficient engines and comply with the Corporate Average Fuel Economy (CAFÉ) standards.

The global automotive turbocharger market is anticipated to expand during the forecast period, but challenges such high maintenance costs and the need for cooling oil is anticipated to restrain it.

Automotive Turbocharger Market Segmentation:

By Vehicle Type:

·         Passenger Car

·         Light Commercial Vehicle

·         Heavy Commercial Vehicle

 

By Fuel Type:

·         Gasoline

·         Diesel

·         Alternate Fuel/CNG

 

By Technology Type:

·         Variable Geometry Turbocharger

·         Wastegate Turbocharger

·         Electric Turbocharger

 

By Component:

·         Compressor

·         Turbine

·         Housing

 

By Sales Channel:

·         OEM

·         Replacement/Aftermarket

 

By Material:

·         Cast Iron

·         Aluminum

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Key Companies in Automotive Turbocharger Market:

·         Honeywell International Inc.

·         Turbo Energy Private Limited

·         Mitsubishi Heavy Industries Ltd.

·         Garrett Motion Inc.

·         BorgWarner Inc.

·         IHI Corporation

·         Cummins

·         Bosch-Mahle

·         Continental AG.

·         Delphi Technologies

·         Robert Bosch Limited

·         Eaton Corporation PLC

·         Rotomaster International

·         Precision Turbo & Engine Inc.

·         Turbonetics Inc.

·         THE TURBO ENGINEERS GmbH

·         Other Players

 

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