The Global Automotive Turbocharger Market is estimated to reach USD 26.7 billion in 2030, with growth at a CAGR of 8.2%during the forecast period of 2022-2030, and it was valued at USD 14.8 billion in 2022.
Strict release of norms and rising acceptance of TGDI (Turbocharged Gasoline Direct Injection) technology will force the automotive turbocharger market.
The acceptance of Turbocharged Gasoline Direct Injection (TGDI) technology has risen from 7% in 2012 to 20% in 2017. China, the US, and Europe are the main countries that adopt this technology. China’s automobile sales will surpass 24 million units in 2021, more than 60% of which will be equipped with TGDI. In North America, according to HIS—noted a dominating source for US country automotive registration data, in 2016, 25.5 million passenger cars with this latest technology 2016. It is predicted that by 2024, it will produce 8 out of 10 cars in North America that will be TGDI equipped. In Europe, TGDI technology increased from 10% in 2009 to 38% in 2014, as reported by ICCT. In South America, TGDI technology is expected to grow from 0.04 million units in 2016 to 0.8 million units in 2023.
What is the Automotive turbocharger Market?
An automotive turbocharger is a device fitted in an engine designed to enhance and improve overall productivity and increase consumption. A turbocharger is a turbine-driven pushed induction device that improves the internal combustion (IC) engine efficiency and energy output by sending additional compressed air into the combustion chamber. It is the major reason auto manufacturers choose the automotive turbocharge in their vehicles. The new car in the market, Chevrolet Trax, is offered with turbocharged engines, and as time goes on, it will fit more vehicles with them. A turbo is made up of two halves joined together by a shaft. On one side, hot exhaust gasses spin the turbine connected to another turbine that sucks air in and compresses it into the engine. This compression gives the engine extra power and efficiency because as more air can go in the combustion chamber, it will add more fuel for more power.
Growth Driver
Increasing demand for passenger cars with gasoline engines
There are many different reasons for the decrease in the growth of diesel engines. Some of them are an increase in the fuel prices, rising global warming, and higher prices of diesel vehicles than petrol vehicles. In countries like India, South Korea, and Indonesia, diesel vehicles strike, and the demand for petrol engines has increased. Various emission norms such as Euro-6, China-VI, and PROCONVE P-8 have propelled the market for gasoline engines. It has accelerated the growth of passenger car turbochargers production.
Development of electric turbochargers
Electric turbochargers offer extra power and improvement in fuel efficiency payable to the discharge of turbo lag. Electric turbochargers are combined with a high-powered turbine and a motor-driven compressor, which control when the driver presses on the pedal. Electric turbos offer more different benefits and fewer technical challenges. Various key players such as Garrett Motion, BorgWarner, and Continental AG have been very important and useful in beginning their 48V e-turbos in the market. These e-turbos are fuel-efficient and offer extra power output. Therefore, the orders for these turbochargers are expected to be high in demand in the coming years.
Restraints
Turbo lag is a considerable challenge with conventional turbochargers. Turbo lag is when a turbocharger extracts to produce a positive pressure when the released gases strike the turbine blades. There are imaginary and thermal losses, and it takes time to produce enough pressure to suck the air; if a turbocharger is not initiation properly, it will also create leakages, worsening the turbo lag. Most diesel engines are provided with conventional turbos, which have this lag.
Because hot exhaust gasses power a turbo, it gets very hot. Occasionally under certain engine requirements, the turbocharger itself could start gleaming red, but of course, this doesn’t occur in normal driving conditions; it happens when the engine is forced to its limits constantly. When we see some turbocharged sports cars with vents in the hood or down the side, it’s to try to get air moving directed the engine bay and keep things cool.
Pre covid-19 Impact on Global Automotive Turbocharger Market
Before the covid-19, the Automotive Turbocharger Market was growing and launched new products that offer lucrative opportunities for market players, stringent emission norms, increased TGTI to cope with emission regulations, and increased production of mild hybrid vehicles will propel the industry. Turbos in the automotive engine boost acceleration by light pedal action and authorize driving with modest engine loads. In addition, it acts as one of the significant components in decreasing particulate matter emission, thereby leading to a cleaner exhaust. The characteristics above led to lower fuel consumption and minimal environmental impact before the covid-19 era.
Covid-19 Impact on Global Automotive Turbocharger Market
COVID-19 has resulted in a decrease in vehicle production, which is directly proportionate to the decrease in the overall turbocharger market. Moreover, it is anticipated that the pandemic effect will help the gasoline turbocharger segment to grow increasingly over diesel as diesel engines are expensive, and implementation of new emission regulations more adds to the cost of the diesel engines, primarily in light-duty vehicles. In extension to that, the impact of COVID-19 would limit buyers’ buying power, which might result in the marketing of gasoline vehicles above diesel vehicles. Therefore, it could recognize a shift approaching gasoline engines. Also, to some measure, the pandemic impact would generate an objective outlook for ICE vehicles as the largest OEMs have lingered on their electric vehicle plans. In turn, it will make a better chance for the growth of the turbocharger market.
Post covid-19 Impact on Global Automotive Turbocharger Market
After the drastic hit of covid-19, the companies and factories restarted again, and Turbo lag is a considerable challenge with the conventional turbocharger; due to turbo lag removal, the Electric turbochargers offer more extra power and better fuel capability. Electric turbochargers blend a high-powered turbine and a motor-driven compressor, which serves as soon as the driver presses on the pedal. Electric turbos offer various advantages and less technical challenges. Several dominant players such as Garrett Motion, BorgWarner, and Continental AG have successfully launched their 48V e-turbos in the market. These e-turbos are fuel-efficient and allow more reliable power output. Therefore, the requirement for these turbochargers is foreseen to be high in the coming years.
By Technology Segmental Analysis
The VGT segment is projected to lead the automotive turbocharger market.
VGT is mostly used in diesel-powered vehicles. However, the high performance of VGT, stringent emission norms, and increased popularity of GDI, which leads to more downsized engines, are expected to boost its future vehicle adoption.
By Vehicle Segmental Analysis
The passenger car segment is the highest growing segment during the forecast period.
The passenger car segment is forecasted to be the largest and the fastest-growing market for automotive turbochargers because of the greater production of passenger cars than commercial vehicles.
By Regional segmental Analysis
Asia Pacific sector is anticipated to be the biggest market. The growth can be connected to the improving socio-economic conditions in developing economies such as China, India, Indonesia, and Thailand. The improved vehicle production and upcoming stringent emission norms in China and India will boost the automotive turbocharger market.
Recent Development
- In June 2021, Garrett Motion Inc declared that it plans to enlarge and modify its existing and previous production facility in Wuhan, China, to meet rising customer demand.
- In May 2021, BorgWarner has participated in a global agreement to supply its latest eTurbo to a vital European OEM for high-voltage hybrid passenger cars.
- In October 2020, BorgWarner Inc. was involved with Delphi Technologies Plc.
- In October 2019, Garrett Motion Inc modified E-Turbo for mass-market passenger vehicles that added a small electric motor on the pole between two wheels to boost the turbo immediately off idle. It eliminates lags in the middle of the times a driver hits the accelerator and notices the acceleration. Electrification discharge design constraints, prioritizing turbine more efficacious at low engine speeds to drive the compressor.
- In June 2019, ABB announced its A200-H turbocharger designed to offer a simple, single-stage high-performance solution for gas engines and low-cost solutions for the 22–24 BMEP range.
- In June 2018, Cummins Inc. invented heavy-duty commercial wastegate turbochargers with high and improved efficiency of up to 6% and fuel efficiency of 1.5%. The evolution has included a highly optimized mixed flow turbine stage and a design with wastegate flow control.
Competitor’s analysis
Garrett Motion Inc., Continental AG, BorgWarner Inc., Mitsubishi Heavy Industries and IHI Corporation and other prominent players are the key players of the Automotive Turbocharger Market.
Key stakeholders
- Market research and consulting firms
- Industry associations
- Global Automotive Turbocharger manufacturing firm
- Research organizations and consulting companies
- Regulatory bodies
- Suppliers
- Retailers
Scope of the Report
| Report Attribute |
Details |
| Market Size Value in 2021 |
USD 11.8 Billion |
| The revenue forecast in 2028 |
USD 19.2 Billion |
| Growth Rate |
CAGR of 10.2 % from 2022 to 2028 |
| Historical data |
2017-2019 |
| Forecast period |
2021 – 2028 |
| Region covered |
North America, Europe, South America, Asia-Pacific, and Middle East & Africa |
| Key companies Profiled |
Garrett Motion Inc., Continental AG, BorgWarner Inc., Mitsubishi Heavy Industries and IHI Corporation |
Market Modelling
By Technology
By Material
By Fuel
- Application
- Agriculture
- Construction
By Vehicle
- Passenger Car
- LCV
- Truck & Bus
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
More Related Reports:
Australia Car Care Products Market Report
Food Contact Paper Market
Product Cost Management Market
Water-Based Lamination Market
Truck Aluminum Alloy Wheel Market
Malaysia Air Purifier Market
Label-Free Detection Market
Ammonium Nitrate Market
HIV Drug Market
Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
4.11. Pre Covid-19 Impact
4.12. Covid-19 Impact
4.13. Post Covid-19 Impact
- Global Automotive Turbocharger Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Technology
5.2.1.1. VGT
5.2.1.2. Wastegate
5.2.1.3. Electric
5.2.2. By Material
5.2.2.1. Cast Iron
5.2.2.2. Aluminum
5.2.3. By Fuel
5.2.3.1. Application
5.2.3.2. Construction
5.2.3.3. Agriculture
5.2.4. By Vehicle Type
5.2.4.1. Passenger Car
5.2.4.2. LCV
5.2.4.3. Truck & Bus
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. The Middle East & Africa
5.2.5.5. South America
- North America Automotive Turbocharger Market, 2017-2030
6.1. North America Automotive Turbocharger Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Automotive Turbocharger Market Share & Forecast, 2017-2030
6.2.1. By Technology
6.2.1.1. VGT
6.2.1.2. Wastegate
6.2.1.3. Electric
6.2.2. By Material
6.2.2.1. Cast Iron
6.2.2.2. Aluminum
6.2.3. By Fuel
6.2.3.1. Application
6.2.3.2. Construction
6.2.3.3. Agriculture
6.2.4. By Vehicle Type
6.2.4.1. Passenger Car
6.2.4.2. LCV
6.2.4.3. Truck & Bus
6.2.5. By Country
6.2.5.1. U.S
6.2.5.2. Canada
6.2.5.3. Mexico
- Europe Automotive Turbocharger Market, 2017-2030
7.1. Europe Automotive Turbocharger Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Automotive Turbocharger Market Share & Forecast, 2017-2030
7.2.1. By Technology
7.2.1.1. VGT
7.2.1.2. Wastegate
7.2.1.3. Electric
7.2.2. By Material
7.2.2.1. Cast Iron
7.2.2.2. Aluminum
7.2.3. By Fuel
7.2.3.1. Application
7.2.3.2. Construction
7.2.3.3. Agriculture
7.2.4. By Vehicle Type
7.2.4.1. Passenger Car
7.2.4.2. LCV
7.2.4.3. Truck & Bus
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. UK
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Rest of Europe
- Asia Pacific Automotive Turbocharger Market, 2017-2030
8.1. Asia Pacific Automotive Turbocharger Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Automotive Turbocharger Market Share & Forecast, 2017-2030
8.2.1. By Technology
8.2.1.1. VGT
8.2.1.2. Wastegate
8.2.1.3. Electric
8.2.2. By Material
8.2.2.1. Cast Iron
8.2.2.2. Aluminum
8.2.3. By Fuel
8.2.3.1. Application
8.2.3.2. Construction
8.2.3.3. Agriculture
8.2.4. By Vehicle Type
8.2.4.1. Passenger Car
8.2.4.2. LCV
8.2.4.3. Truck & Bus
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia pacific
- The Middle East & Africa Automotive Turbocharger Market, 2017-2030
9.1. The Middle East & Africa Automotive Turbocharger Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Automotive Turbocharger Market Share & Forecast, 2017-2030
9.2.1. By Technology
9.2.1.1. VGT
9.2.1.2. Wastegate
9.2.1.3. Electric
9.2.2. By Material
9.2.2.1. Cast Iron
9.2.2.2. Aluminum
9.2.3. By Fuel
9.2.3.1. Application
9.2.3.2. Construction
9.2.3.3. Agriculture
9.2.4. By Vehicle Type
9.2.4.1. Passenger Car
9.2.4.2. LCV
9.2.4.3. Truck & Bus
9.2.5. By Country
9.2.5.1. Saudi Arabia
9.2.5.2. UAE
9.2.5.3. South Africa
9.2.5.4. Rest of The Middle East & Africa
- South America Automotive Turbocharger Market, 2017-2030
10.1. South America Automotive Turbocharger Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Automotive Turbocharger Market Share & Forecast, 2017-2030
10.2.1. By Technology
10.2.1.1. VGT
10.2.1.2. Wastegate
10.2.1.3. Electric
10.2.2. By Material
10.2.2.1. Cast Iron
10.2.2.2. Aluminum
10.2.3. By Fuel
10.2.3.1. Application
10.2.3.2. Construction
10.2.3.3. Agriculture
10.2.4. By Vehicle Type
10.2.4.1. Passenger Car
10.2.4.2. LCV
10.2.4.3. Truck & Bus
10.2.5. By Country
10.2.5.1. Brazil
10.2.5.2. Argentina
10.2.5.3. Rest of South America
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Garrett Motion Inc.
11.7.2. Continental AG
11.7.3. BorgWarner
11.7.4. Mitsubishi Heavy Industries
11.7.5. IHI Corporation
11.7.6. Other Prominent Players.