Automotive Turbocharger Market Overview
The key factors supplementing the expansion of the world automotive turbocharger market are improved fuel efficiency and engine performance, favorable government policies, and engine downsizing to decrease the weight of the vehicle. The performance of a vehicle majorly depends upon the engine, that allows makers to develop economical engines which will cater to each the necessities and provide improved fuel potency and engine performance.
Moreover, varied governments across the globe have taken strong measures to mitigate emissions and reduce the dependency on non-renewable energy resources, which may be diminished by the utilization of turbochargers. employing a turbocharger decreases the displacement volume of the cylinder, that any reduces the demand of fuel for a similar output and thus, reduces the exhaust emissions of the vehicle. there's a rising trend of downsizing the engine because of the growing concern associated with the load of the vehicle.
Moreover, light-weight alloys utilized in the producing of turbocharger to cut back the consumption of fuel additionally makes turbochargers compact, that successively, decreases the scale of the engine and overall vehicle. These factors are likely to boost the expansion of the world automotive turbocharger market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Fuel Type,Vehicle Type, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Honeywell, BorgWarner, IHI, MHI, Cummins, Bosch-Mahle, and Continental AG. |
The covid-19 Impact on Automotive Turbocharger Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Automotive Turbocharger Market Segment Overview
By Fuel Type ,Gasoline segment accounted major market share,Rising penetration of alternate fuel vehicles attributable to advantages like cleaner sources of energy, higher fuel efficiency, and lower cost as compared to standard fuel is predicted to drive the expansion.
By Vehicle type, The commercial vehicles are majorly diesel-powered and most of them are equipped with turbochargers, thereby creating the diesel types turbochargers a mature section. Thus, amid stringent emission regulations, commercial vehicle manufactures are rapidly shifting toward fuel engines to curb emission and maintain restrictive norms.
Market Analysis, Insights and Forecast – By Fuel Type
· Gasoline
· Diesel
· Other
Market Analysis, Insights and Forecast – By Vehicle Type
· Passenger Vehicles
· Light Commercial Vehicles
· Heavy Commercial Vehicles
Automotive Turbocharger Market Regional Overview
Region-wise, in terms of regions, the Asia Pacific region is projected to grow at the next CAGR throughout the forecast amount. this is often principally attributed to the growing levels of automotive production in countries like Asian nation, China, and Southeast Asian countries. for example, in keeping with the China Association of Automobile Manufacturer, the production of vehicles automobiles each passenger vehicles and industrial vehicles .
Moreover, the big population base, economic shifts and future emission norms, rising demand for vehicles, high demand for cars equipped with compact engine size, and a burgeoning want for diesel vehicles are another factors, that are contributing to the expansion of the automotive turbocharger market in Asia Pacific.
Automotive Turbocharger Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Turbocharger Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Automotive Turbocharger are highlighted below.
· In November 2018, Honda F1 division entered a biennial partnership with IHI, so as to develop turbochargers.
Automotive Turbocharger Market, Key Players
· Honeywell,
· BorgWarner,
· IHI,
· MHI,
· Cummins,
· Bosch-Mahle,
· Continental AG.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Automotive Turbocharger market during the forecast period?
Automotive Turbocharger market is expected to record a CAGR of ~ 8.9% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Automotive Turbocharger Market?
Passenger Vehicles segment is projected to hold the largest share in the Automotive Turbocharger Market.
Q3. What are the driving factors for the Automotive Turbocharger market?
Owing to the rising imposition of stringent automotive emission norms across the globe, Original instrumentation makers (OEMs) are employing engine-downsizing methods to optimize the fuel potency of vehicles. This trend is anticipated to fuel the demand for turbochargers since they play a key role in curbing vehicle emissions and enhance fuel potency. are key factors that boost the growth of the Automotive Turbocharger market progressively.
Q4. Which Segments are covered in the Automotive Turbocharger market report?
Fuel Type,Vehicle Type and Region, these segments are covered in the Automotive Turbocharger market report.
Q5. Which are the prominent players offering Automotive Turbocharger?
Honeywell, BorgWarner, IHI, MHI, Cummins, Bosch-Mahle, and Continental AG.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Turbocharger Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Fuel Type
- 5.2.1. Gasoline
- 5.2.2. Diesel
- 5.2.3. Other
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger Vehicles
- 5.3.2. Light Commercial Vehicles
- 5.3.3. Heavy Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Automotive Turbocharger Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Fuel Type
- 6.2.1. Gasoline
- 6.2.2. Diesel
- 6.2.3. Other
- 6.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.3.1. Passenger Vehicles
- 6.3.2. Light Commercial Vehicles
- 6.3.3. Heavy Commercial Vehicles
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Automotive Turbocharger Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Fuel Type
- 7.2.1. Gasoline
- 7.2.2. Diesel
- 7.2.3. Other
- 7.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.3.1. Passenger Vehicles
- 7.3.2. Light Commercial Vehicles
- 7.3.3. Heavy Commercial Vehicles
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Automotive Turbocharger Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Fuel Type
- 8.2.1. Gasoline
- 8.2.2. Diesel
- 8.2.3. Other
- 8.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.3.1. Passenger Vehicles
- 8.3.2. Light Commercial Vehicles
- 8.3.3. Heavy Commercial Vehicles
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Automotive Turbocharger Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Fuel Type
- 9.2.1. Gasoline
- 9.2.2. Diesel
- 9.2.3. Other
- 9.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.3.1. Passenger Vehicles
- 9.3.2. Light Commercial Vehicles
- 9.3.3. Heavy Commercial Vehicles
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Honeywell
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. BorgWarner,
- 10.6. IHI,
- 10.7. MHI,
- 10.8. Cummins,
- 10.9. Bosch-Mahle,
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
