The Automotive Turbocharger Market size was valued at USD 13.88 Billion in 2022 and the total Automotive Turbocharger Market revenue is expected to grow at a CAGR of 8.2 % from 2023 to 2029, reaching nearly USD 23.89 Billion.
Market Overview:
The “Automotive Turbocharger Market” research aims to provide current market intelligence and assist decision-makers in making well-informed investment decisions. It offers a comprehensive analysis of the global Automotive Turbocharger Market, including Product Type, End Users/Application, Key Manufacturers, and Multiple Key Regions.
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Market Scope:
This research focuses on assessing growth prospects, limitations, and market analyses. The study utilizes Porter’s five forces analysis to evaluate the impact of various factors on Automotive Turbocharger market trends, such as supplier bargaining power, competitive intensity among competitors, the threat of alternatives, and buyer power.
Drivers:
Another option is BorgWarner’s expansion of its little Model B01 turbo to the Volkswagen Nivus crossover in the Brazilian market. The B01 turbocharger, which uses cutting-edge materials and engineering techniques, can endure exhaust temperatures of up to 1,0500C while reducing vehicle emissions. This growth represents the possibility for environmental solutions in developing nations that are consistent with the objectives of global sustainability. Furthermore, the integration of BMW’s 3.0L diesel engine with BorgWarner’s ground-breaking regulated 2 stage (R2S) turbocharging systems with four turbochargers highlights a revolutionary market possibility. This ground-breaking solution improves engine performance and economy, demonstrating the potential for cooperation amongst industry titans in the automotive sector to progress technology and satisfy changing market expectations.
Segmentation:
The Automotive Turbocharger market is segmented into various categories:
by Vehicle Type
LCV
HCV
Agricultural Machinery
Construction Machinery
by Fuel Type
Gasoline
Diesel
by Technology Type
Variable Geometry Turbocharger/ Variable Nozzle Turbine
Wastegate Turbocharger
Electric Turbocharger
by Sales Channel/Type
OEM
Replacement/Aftermarket
Key Players:
The key players in this market include:
- Garrett Motion Inc. (Honeywell) (US)
2. BorgWarner Inc. (US)
3. Mitsubishi Heavy Industries (Japan)
4. IHI Corporation (Japan)
5. Bosch-Mahle Turbo Systems (BMTS) (Germany)
6. Cummins Inc. (US)
7. Voith Turbo (Germany)
8. Continental Automotive Systems (Germany)
9. Turbo Energy Limited (India)
10. Holset Engineering Company (UK)
11. Melett Turbochargers (UK)
12. BorgWarner Turbo Systems India (India)
13. Turbocharged Diesel Systems (TCD) (US)
14. Turbo Dynamics (US)
15. Precision Turbo & Engine (US)
16. Garrett Motion Aftermarket (US)
17. Turbo Systems International (TSI) (US)
18. ABB Turbocharging (Switzerland)
19. MAN Diesel & Turbo (Germany)
20. Napier Turbochargers (UK)
21. Honeywell Performance Materials & Technologies (US)
22. Melett North America (US)
23. turboLAB (Germany)
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Regional Analysis:
Our analysts have also examined the global Automotive Turbocharger market in the following regions:
- North America (which comprises the USA and Canada)
• European Union (which includes Russia, the United Kingdom, France, and Germany)
• The Asia-Pacific region, which includes Australia, China, Japan, Korea, India, Southeast Asia, and - Latin America, which includes Colombia, Argentina, and Brazil.
- Saudi Arabia, the United Arab Emirates, Egypt, and South Africa; and
COVID-19 Impact Analysis on Automotive Turbocharger Market:
The report also contains a detailed analysis of the impact of the COVID-19 pandemic on the global Automotive Turbocharger market.
Key Questions Answered in the Automotive Turbocharger Market Report:
- What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Turbocharger market for the forecast period (2021-2027)?
• Which segment emerged as the leading one in the Automotive Turbocharger market in 2020?
• Who are the prominent key players in the Automotive Turbocharger market?
• What are the significant trends expected to emerge in the Automotive Turbocharger market during the forecast period?
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics: Key Trends, Investment Opportunities, and Growth Drivers
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Top Key Vendors and Other Notable Vendors in the Competitive Landscape
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