Turbocharger
Market Outlook
Turbocharger market size was valued at USD 20.19 billion in 2023 and is estimated to reach a value of USD 47.22 billion by 2034 with a CAGR of 8.0% during the forecast period 2024-2035.
The turbocharger
market is forecasted to grow significantly, driven by increasing demand for
fuel-efficient vehicles and stringent emission regulations. The automotive
sector's shift towards downsized engines to meet regulatory standards and
enhance performance is boosting turbocharger adoption. Additionally,
advancements in electric turbocharging technology and the rising popularity of
hybrid and electric vehicles are contributing to market expansion. Emerging
markets, particularly in Asia-Pacific, are experiencing rapid growth due to rising
vehicle production and sales. However, challenges such as high costs and the
complex integration of turbochargers may hinder market growth. Overall, the
market outlook remains positive, with innovation and regulatory compliance as
key drivers.
Key trends in
the turbocharger market include the increasing adoption of electric
turbochargers, which enhance engine efficiency and reduce lag. The automotive
industry's shift towards downsized engines to comply with stringent emission
regulations is driving turbocharger integration. Hybrid and electric vehicles
are incorporating advanced turbocharging technologies to optimize performance.
The rise of connected and autonomous vehicles is also influencing turbocharger
development, with a focus on enhancing fuel economy and reducing emissions.
Additionally, emerging markets, particularly in Asia-Pacific, are witnessing
significant growth due to increased vehicle production and demand. Ongoing
research and development efforts are expected to further innovate turbocharging
solutions.
Key
Insights
Based on application,
Turbocharger market share is dominated by automotive with a key stake of around
86.01% during the forecast period. Key trends in the automotive turbocharger
market include the growing adoption of electric turbochargers, which improve
engine efficiency and performance. The industry's move towards smaller,
downsized engines to meet stringent emission standards is increasing
turbocharger usage. Hybrid and electric vehicles are integrating advanced turbocharging
technologies to enhance power and efficiency. The development of connected and
autonomous vehicles is also driving demand for turbochargers that offer better
fuel economy and lower emissions. Rapid growth in emerging markets,
particularly in Asia-Pacific, is boosting market expansion due to rising
vehicle production. Continuous innovation and R&D in turbocharging
technologies are expected to further propel market growth.
In terms of
regional analysis, APAC dominated the Turbocharger market with a key stake of 35.92%
in 2023.
The APAC
turbocharger market is experiencing robust growth driven by increasing vehicle
production and sales in countries like China, India, and Japan. Rising demand
for fuel-efficient and high-performance vehicles is propelling turbocharger
adoption. Stringent emission regulations are pushing automakers to integrate
turbochargers in smaller engines to meet compliance standards. The region's
burgeoning automotive industry, coupled with significant investments in
electric and hybrid vehicle development, is further boosting market expansion.
Technological advancements in turbocharging, such as variable geometry
turbochargers (VGT) and electric turbochargers, are also key trends.
Additionally, growing consumer awareness regarding environmental sustainability
is driving demand for efficient turbocharged engines.
Turbocharger Market Data and Dashboard
Our marketing
platform comes with an all-inclusive dashboard, giving clients valuable
insights into market trends spanning several years. You can take a look at a
sample image of our dashboard below, and we'll provide specific PDF logins to
give you access to this insightful tool.
Market Dynamics
Stricter global emission standards are pushing
automakers to use turbochargers to reduce engine size while maintaining power
output, thus lowering emissions.
Stricter global
emission standards are significantly influencing the automotive industry,
particularly in the realm of engine design and performance. These regulations,
aimed at reducing greenhouse gas emissions and improving air quality, are
compelling automakers to innovate and adopt technologies that can deliver both
compliance and performance. One of the primary solutions to this challenge is
the integration of turbochargers.
Turbochargers
allow manufacturers to produce smaller, more efficient engines without
sacrificing power. By forcing more air into the combustion chamber,
turbochargers enhance the engine's efficiency and power output. This process,
known as "downsizing," enables smaller engines to deliver the same,
if not better, performance compared to larger, naturally aspirated engines.
Consequently, downsized engines consume less fuel and produce fewer emissions,
aligning with the stringent standards set by governments worldwide.
The pressure to
meet these emission standards has led to significant investments in
turbocharging technology. Innovations such as electric turbochargers and
variable geometry turbochargers (VGT) have emerged, offering improved
responsiveness, reduced lag, and better overall efficiency. These advancements
not only help in meeting emission targets but also cater to consumer demands
for high-performance vehicles.
In regions with
the toughest emission regulations, like Europe and North America, the adoption
of turbocharged engines has become almost ubiquitous. Automakers are also
increasingly applying these technologies to hybrid and electric vehicles to
maximize their efficiency and performance. For instance, electric turbochargers
can enhance the performance of hybrid powertrains by providing an additional
boost without relying solely on the internal combustion engine.
Moreover, the
growing consumer awareness of environmental issues and the benefits of
turbocharged engines in terms of fuel economy and performance further drive the
market. Consumers are becoming more inclined towards vehicles that offer
reduced environmental impact without compromising on driving experience. This
shift in consumer preference is reinforcing the trend towards turbocharged
engines.
In summary, the imperative to meet stricter global emission standards is a key driver for the turbocharger market. It is prompting automakers to adopt and innovate turbocharging technologies, leading to more efficient, powerful, and environmentally friendly vehicles. This trend is not only helping manufacturers comply with regulations but also satisfying consumer demands for high-performance and eco-friendly cars.
Increasing
consumer awareness of the benefits of turbocharged engines, such as better
performance and fuel savings, is driving demand
Increasing
consumer awareness of the benefits of turbocharged engines is a significant
driver in the turbocharger market. Consumers are recognizing that turbocharged
engines offer superior performance and fuel savings, making them an attractive
choice. Turbochargers enable smaller engines to deliver higher power output and
efficiency, aligning with the growing demand for vehicles that balance
performance with fuel economy. This awareness is particularly evident as
consumers seek cost-effective and environmentally friendly transportation
options. As more people prioritize these benefits, the demand for turbocharged
vehicles is rising, driving market growth and encouraging further innovations
in turbocharging technology.
Factors |
Value |
Category |
Machinery and Equipment |
Pages |
400 |
Table Count |
210 |
Chart Count |
190 |
Companies Count |
60 |
Countries Count |
40 |
Report Type |
Published |
Report Region |
Global |
Largest Market |
Europe |
Fastest Growing Market |
APAC |
Base Year |
2023 |
Market Size in Base Year |
18.75 Billion |
CAGR (2024-2035) |
8.00% |
Forecast Year |
2024-2035 |
Historical Year |
2019-2022 |
Market Size in 2035 |
47.21 Billion |
Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South
Africa, Rest of World |
Region Covered |
North America, Europe, APAC, South America, Middle East and
Africa |
Key Drivers |
 Stricter global emission standards are pushing automakers to use turbochargers to reduce engine size while maintaining power output, thus lowering emissions |
Segments Covered |
Technology, Fuel Type, Material, End Use |
 Market Analysis by Application
Based on application, Turbocharger industry is segmented into Automotive, Aerospace, Marine, Industrial.
The automotive
turbocharger market is characterized by several key trends driving its growth and
innovation. One major trend is the increasing adoption of electric
turbochargers, which offer improved engine efficiency and responsiveness while
reducing turbo lag. This technology is particularly appealing for hybrid and
electric vehicles, enhancing their performance and fuel economy. Another
significant trend is the industry's shift towards engine downsizing to meet
stringent emission regulations. Turbochargers enable smaller engines to produce
greater power, helping automakers comply with environmental standards without
compromising performance.
The rise of
connected and autonomous vehicles is also influencing the turbocharger market.
These vehicles require highly efficient powertrains, and turbochargers play a
crucial role in optimizing engine performance and reducing emissions.
Additionally, advancements in materials and manufacturing processes are leading
to the development of more durable and efficient turbochargers, further
boosting their adoption.
The growing automotive industry in emerging markets, particularly in the Asia-Pacific region, is another key trend. Increased vehicle production and sales in countries like China and India are driving the demand for turbocharged engines. Furthermore, consumer awareness of the benefits of turbocharged vehicles, such as enhanced performance and fuel savings, is growing, contributing to market expansion. Overall, these trends highlight the dynamic nature of the automotive turbocharger market and its critical role in the future of automotive engineering.
Segments |
Values |
By Technology |
·     Â
Variable Geometry
Turbocharger (VGT) ·     Â
Wastegate Turbocharger ·     Â
Twin-Turbo ·     Â
Electric Turbocharger |
By End Use |
·     Â
Automotive ·     Â
Aerospace ·     Â
Marine ·     Â
Industrial |
By Material |
·     Â
Cast Iron ·     Â
Aluminum ·     Â
Other Alloys |
By Fuel Type |
·     Â
Diesel ·     Â
Gasoline |
 Market Analysis by Region
Turbocharger
Market analysis includes the statistics of major geographies such as North
America, Europe, Asia Pacific, South America and MEA.
In terms of Turbocharger market statistics, Europe acquired a market value of USD 7.26 billion in 2023 and is estimated to reach a value of USD 16.95 billion by 2035 with a CAGR of 8.0% during the forecast period.
The Europe
turbocharger market is witnessing several key trends that are shaping its
growth and innovation. One of the most significant trends is the stringent
emission regulations imposed by the European Union. These regulations are
driving automakers to adopt turbocharging technology to meet strict CO2
emission targets. Turbochargers enable smaller, downsized engines to deliver
high power output and efficiency, helping manufacturers comply with these
environmental standards while maintaining performance.
Another notable
trend is the increasing integration of electric turbochargers. These advanced
systems offer improved engine responsiveness and reduced turbo lag, which are
essential for both conventional and hybrid vehicles. The push towards
electrification in the automotive industry, including the rise of hybrid and
electric vehicles, is accelerating the adoption of electric turbochargers.
These technologies are critical for optimizing the performance and efficiency
of hybrid powertrains.
The European
market is also experiencing a surge in the adoption of variable geometry
turbochargers (VGT). VGTs allow for better control of exhaust gas flow,
enhancing engine efficiency and performance across a broader range of operating
conditions. This technology is particularly valuable in meeting the dual
demands of fuel economy and dynamic performance.
Moreover, the
rise of connected and autonomous vehicles is influencing the turbocharger
market in Europe. These vehicles require highly efficient and reliable
powertrains, and turbochargers are integral to achieving these goals. The focus
on advanced driver-assistance systems (ADAS) and autonomous driving
technologies is driving the demand for turbocharged engines that offer superior
performance and fuel efficiency.
The trend
towards lightweight and compact turbochargers is also gaining traction in
Europe. Advances in materials science and manufacturing processes are leading
to the development of turbochargers that are not only more efficient but also
more durable and lightweight. This is crucial for enhancing the overall
efficiency and performance of modern vehicles.
Lastly, growing
consumer awareness of the benefits of turbocharged engines, such as better fuel
economy and enhanced driving experience, is contributing to market growth.
European consumers are increasingly opting for vehicles equipped with
turbocharged engines, recognizing their value in terms of performance and
environmental sustainability.
Overall, the Europe turbocharger market is being shaped by regulatory pressures, technological advancements, and evolving consumer preferences, positioning it for continued growth and innovation.
The APAC
turbocharger market is experiencing robust growth driven by several key trends.
Rapid urbanization and industrialization in countries like China, India, and
Japan are significantly increasing vehicle production and sales, boosting the
demand for turbocharged engines. One major trend is the push towards engine
downsizing to meet stringent emission regulations while maintaining
performance. Turbochargers enable smaller engines to deliver high power output
and fuel efficiency, aligning with regulatory requirements.
The region is
also witnessing a surge in the adoption of electric and hybrid vehicles, which
is driving the demand for advanced turbocharging technologies like electric
turbochargers and variable geometry turbochargers (VGT). These technologies
improve engine efficiency and responsiveness, crucial for optimizing the
performance of hybrid powertrains.
Additionally,
advancements in materials and manufacturing processes are leading to the
development of more durable and efficient turbochargers, further enhancing
their adoption. Consumer awareness of the benefits of turbocharged engines,
such as better fuel economy and performance, is growing, contributing to market
expansion.
Moreover,
significant investments in automotive research and development are fostering
innovation in turbocharging technologies across the APAC region. These trends
underscore the dynamic nature of the APAC turbocharger market, highlighting its
critical role in the future of automotive engineering and environmental sustainability.
Competitive Landscape
1.    Â
Global
Turbocharger Market Introduction and Market Overview
1.1.   Objectives of the Study
1.2.   Global Turbocharger Market Scope
and Market Estimation
1.2.1.Global Turbocharger Overall
Market Size, Revenue (US$ Mn) & Sale (Units) and Sale (Units), Market CAGR
(%), Market forecast (2024 - 2035)
1.2.2.Global Turbocharger Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035
1.3.   Market Segmentation
1.3.1.Technology of Global Turbocharger
Market
1.3.2.Fuel Type of Global Turbocharger
Market
1.3.3.End Use of Global Turbocharger
Market
1.3.4.Material of Global Turbocharger
Market
1.3.5.Region of Global Turbocharger
Market
2.    Â
Executive Summary
2.1.   Market Dynamics
2.1.1.Drivers
2.1.2.Limitations
2.1.3.Opportunities
2.1.4.Impact Analysis of Drivers and
Restraints
2.2.   Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3.   Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4.   Porter’s Five Forces Analysis
2.4.1.Bargaining Power of Suppliers
2.4.2.Bargaining Power of Buyers
2.4.3.Threat of Substitutes
2.4.4.Threat of New Entrants
2.4.5.Competitive Rivalry
2.5.   Value Chain / Ecosystem Analysis
2.6.   Patent Analysis
2.7.   Case Study Analysis
2.8.   Economic Downturn Analysis
2.9.   Production Analysis and Capacity
2.10. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.    Â
Global Turbocharger Market Estimates & Historical Trend Analysis (2019 -
2022)
4.    Â
Global Turbocharger Market Estimates & Forecast Trend Analysis, by
Technology
4.1.   Global Turbocharger Market Revenue
(US$ Mn) & Sale (Units) Estimates and Forecasts, by Technology, 2019 to
2035
4.1.1.Variable Geometry Turbocharger
(VGT)
4.1.2.Wastegate Turbocharger
4.1.3.Twin-Turbo
4.1.4.Electric Turbocharger
5.    Â
Global Turbocharger Market Estimates & Forecast Trend Analysis, by
Fuel Type
5.1.   Global Turbocharger Market Revenue
(US$ Mn) & Sale (Units) Estimates and Forecasts, by Fuel Type, 2019 to 2035
5.1.1.Diesel
5.1.2.Gasoline
6.    Â
Global Turbocharger Market Estimates & Forecast Trend Analysis, by
End Use
6.1.   Global Turbocharger Market Revenue
(US$ Mn) & Sale (Units) Estimates and Forecasts, by End Use, 2019 to 2035
6.1.1.Automotive
6.1.2.Aerospace
6.1.3.Marine
6.1.4.Industrial
7.    Â
Global Turbocharger Market Estimates & Forecast Trend Analysis, by
Component
7.1.   Global Turbocharger Market Revenue
(US$ Mn) & Sale (Units) Estimates and Forecasts, by Component, 2019 to 2035
7.1.1.Turbine
7.1.2.Compressor
7.1.3.Shaft
7.1.4.Intercooler
8.    Â
Global Turbocharger Market Estimates & Forecast Trend Analysis,
by Region
8.1.  Â
Global
Turbocharger Market Revenue (US$ Mn) & Sale (Units) Estimates and
Forecasts, by Region, 2019 to 2035
8.1.1.North America
8.1.2.Europe
8.1.3.Asia Pacific
8.1.4.Middle East & Africa
8.1.5.South America
9.    Â
North
America Turbocharger Market: Estimates & Forecast Trend Analysis
9.1.  Â
North
America Turbocharger Market Assessments & Key Findings
9.1.1.North America Turbocharger
Market Introduction
9.1.2.North America Turbocharger
Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
9.1.2.1.  By Type
9.1.2.2.  By Fuel Type
9.1.2.3.  By Material
9.1.2.4.  By End Use
9.1.2.5.  By Country
9.1.2.5.1.    The U.S.
9.1.2.5.1.1.  Â
By Type
9.1.2.5.1.2.  Â
By Fuel Type
9.1.2.5.1.3.  Â
By Material
9.1.2.5.1.4.  Â
By End Use
9.1.2.5.2.    Canada
9.1.2.5.2.1.     Â
By Type
9.1.2.5.2.2.     Â
By Fuel Type
9.1.2.5.2.3.     Â
By Material
9.1.2.5.2.4.     Â
By End Use
9.1.2.5.3.    Mexico
9.1.2.5.3.1.     Â
By Type
9.1.2.5.3.2.     Â
By Fuel Type
9.1.2.5.3.3.     Â
By Material
9.1.2.5.3.4.     Â
By End Use
10. Europe Turbocharger
Market: Estimates & Forecast Trend
Analysis
10.1. Europe Turbocharger Market
Assessments & Key Findings
10.1.1.  Europe Turbocharger Market
Introduction
10.1.2.  Europe Turbocharger Market Size
Estimates and Forecast (US$ Million) (2019 - 2035)
10.1.2.1.   By Type
10.1.2.2.   By Fuel Type
10.1.2.3.   By Material
10.1.2.4.   By End Use
10.1.2.5.   By Country
10.1.2.5.1. Germany
10.1.2.5.1.1.By
Type
10.1.2.5.1.2.By
Fuel Type
10.1.2.5.1.3.By
Material
10.1.2.5.1.4.By
End Use
10.1.2.5.2. U.K.
10.1.2.5.2.1.By
Type
10.1.2.5.2.2.By
Fuel Type
10.1.2.5.2.3.By
Material
10.1.2.5.2.4.By
End Use
10.1.2.5.3. France
10.1.2.5.3.1. Â
By Type
10.1.2.5.3.2. Â
By Fuel Type
10.1.2.5.3.3. Â
By Material
10.1.2.5.3.4. Â
By End Use
10.1.2.5.4. Italy
10.1.2.5.4.1. Â
By Type
10.1.2.5.4.2. Â
By Fuel Type
10.1.2.5.4.3. Â
By Material
10.1.2.5.4.4. Â
By End Use
10.1.2.5.5. Spain
10.1.2.5.5.1. Â
By Type
10.1.2.5.5.2. Â
By Fuel Type
10.1.2.5.5.3. Â
By Material
10.1.2.5.5.4. Â
By End Use
10.1.2.5.6. Russia
10.1.2.5.6.1. Â
By Type
10.1.2.5.6.2. Â
By Fuel Type
10.1.2.5.6.3. Â
By Material
10.1.2.5.6.4. Â
By End Use
10.1.2.5.7. Rest of Europe
10.1.2.5.7.1. Â
By Type
10.1.2.5.7.2. Â
By Fuel Type
10.1.2.5.7.3. Â
By Material
10.1.2.5.7.4. Â
By End Use
11. Asia Pacific Turbocharger
Market: Estimates & Forecast Trend
Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1.   Asia Pacific Turbocharger Market
Introduction
11.1.2.   Asia Pacific Turbocharger Market
Size Estimates and Forecast (US$ Million) (2019 - 2035)
11.1.2.1.   By Type
11.1.2.2.   By Fuel Type
11.1.2.3.   By Material
11.1.2.4.   By End Use
11.1.2.5.   By Country
11.1.2.5.1. China
11.1.2.5.1.1. Â
By Type
11.1.2.5.1.2. Â
By Fuel Type
11.1.2.5.1.3. Â
By Material
11.1.2.5.1.4. Â
By End Use
11.1.2.5.2. Japan
11.1.2.5.2.1. Â
By Type
11.1.2.5.2.2. Â
By Fuel Type
11.1.2.5.2.3. Â
By Material
11.1.2.5.2.4. Â
By End Use
11.1.2.5.3. India
11.1.2.5.3.1. Â
By Type
11.1.2.5.3.2. Â
By Fuel Type
11.1.2.5.3.3. Â
By Material
11.1.2.5.3.4. Â
By End Use
11.1.2.5.4. Australia
11.1.2.5.4.1. Â
By Type
11.1.2.5.4.2. Â
By Fuel Type
11.1.2.5.4.3. Â
By Material
11.1.2.5.4.4. Â
By End Use
11.1.2.5.5. South Korea
11.1.2.5.5.1. Â
By Type
11.1.2.5.5.2. Â
By Fuel Type
11.1.2.5.5.3. Â
By Material
11.1.2.5.5.4. Â
By End Use
11.1.2.5.5.5.  Â
11.1.2.5.6. ASEAN
11.1.2.5.6.1. Â
By Type
11.1.2.5.6.2. Â
By Fuel Type
11.1.2.5.6.3. Â
By Material
11.1.2.5.6.4. Â
By End Use
11.1.2.5.7. Rest of Asia Pacific
11.1.2.5.7.1. Â
By Type
11.1.2.5.7.2. Â
By Fuel Type
11.1.2.5.7.3. Â
By Material
11.1.2.5.7.4. Â
By End Use
12. Middle East & Africa Turbocharger
Market: Estimates & Forecast Trend
Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1.  Middle
East & Africa Turbocharger
Market Introduction
12.1.2.  Middle
East & Africa Turbocharger
Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
12.1.2.1.   By Type
12.1.2.2.   By Fuel Type
12.1.2.3.   By Material
12.1.2.4.   By End Use
12.1.2.5.   By Country
12.1.2.5.1. U.A.E.
12.1.2.5.1.1.  Â
By Type
12.1.2.5.1.2.  Â
By Fuel Type
12.1.2.5.1.3.  Â
By Material
12.1.2.5.1.4.  Â
By End Use
12.1.2.5.2. Saudi Arabia
12.1.2.5.2.1.  Â
By Type
12.1.2.5.2.2.  Â
By Fuel Type
12.1.2.5.2.3.  Â
By Material
12.1.2.5.2.4.  Â
By End Use
12.1.2.5.3. Egypt
12.1.2.5.3.1.  Â
By Type
12.1.2.5.3.2.  Â
By Fuel Type
12.1.2.5.3.3.  Â
By Material
12.1.2.5.3.4.  Â
By End Use
12.1.2.5.4. South Africa
12.1.2.5.4.1.  Â
By Type
12.1.2.5.4.2.  Â
By Fuel Type
12.1.2.5.4.3.  Â
By Material
12.1.2.5.4.4.  Â
By End Use
12.1.2.5.5. Rest of Middle East & Africa
12.1.2.5.5.1.  Â
By Type
12.1.2.5.5.2.  Â
By Fuel Type
12.1.2.5.5.3.  Â
By Material
12.1.2.5.5.4.  Â
By End Use
13. South America
Turbocharger Market: Estimates &
Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1.  South America Turbocharger
Market Introduction
13.1.2.  South America Turbocharger
Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
13.1.2.1.   By Type
13.1.2.2.   By Fuel Type
13.1.2.3.   By Material
13.1.2.4.   By End Use
13.1.2.5.   By Country
13.1.2.5.1. Brazil
13.1.2.5.1.1.  Â
By Type
13.1.2.5.1.2.  Â
By Fuel Type
13.1.2.5.1.3.  Â
By Material
13.1.2.5.1.4.  Â
By End Use
13.1.2.5.2. Argentina
13.1.2.5.2.1.  Â
By Type
13.1.2.5.2.2.  Â
By Fuel Type
13.1.2.5.2.3.  Â
By Material
13.1.2.5.2.4.  Â
By End Use
13.1.2.5.3. Colombia
13.1.2.5.3.1.  Â
By Type
13.1.2.5.3.2.  Â
By Fuel Type
13.1.2.5.3.3.  Â
By Material
13.1.2.5.3.4.  Â
By End Use
13.1.2.5.4. Rest of South America
13.1.2.5.4.1.  Â
By Type
13.1.2.5.4.2.  Â
By Fuel Type
13.1.2.5.4.3.  Â
By Material
13.1.2.5.4.4.  Â
By End Use
14. Competition Landscape
14.1. Global Turbocharger Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Turbocharger Market
Competition White Space Analysis, By Application
14.3. Global Turbocharger Market
Competition Heat Map Analysis, By End User
14.4. Global Turbocharger Market
Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.  BorgWarner
Inc.
15.1.1.   Company Overview & Key Stats
15.1.2.   Financial Performance & KPIs
15.1.3.   Reinforcement Portfolio
15.1.4.   Business Strategy & Recent
Developments
15.1.5.   Technology and Pricing
15.1.6.   Key Suppliers
* Similar details would be provided
for all the players mentioned belowÂ
15.2.     Garrett Motion
Inc.
15.3.     Mitsubishi
Heavy Industries Ltd
15.4.     IHI
Corporation
15.5.     Cummins Inc.
15.6.     CONTINENTAL AG
15.7.     Precision
Turbo & Engine
15.8.     Rotomaster
International. Â
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & ConclusionÂ
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
In 2023 around 58,163 units of turbocharger were sold.
Europe acquired a market value of USD 7.26 billion in 2023 and is estimated to reach a value of USD 16.95 billion by 2035 with a CAGR of 8.0% during the forecast period.
Automotive dominated the market with a share of 86.01% during the forecast period.
Only Three Thousand Four Hundred Ninety Nine US dollar