Our
Clients
: Aug, 2020
: 100
:
Global Turbocharger Market Analysis by Type, Technology, Component, Actuators, Material, Fuel Type, Application, End-User and Region and segments forecast till 2033
Market Overview
The global Turbocharger Market was worth USD 16,130 million in 2022 and is anticipated to amplify at a CAGR of 5.3% over 2023-2033, thereby accumulating USD 24,230 million by end of the analysis timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 16,130 Million |
Market Forecast in 2033 | USD 24,230 Million |
CAGR % 2023-2033 | 5.3% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Technology, Component, Actuators, Material, Fuel Type, Application, End-User |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Continental Ag, Borgwarner Inc., Mitsubishi Heavy Industries, Ihi Corporation, Bmts Technology, Cummins Inc., Abb, Tel, Delphi Technologies (Borgwarner), Rotomaster International, Precision Turbo & Engine Inc., Turbonetics Inc., Turbo International, Kompressorenbau Bannewitz Gmbh, Turbo Dynamics Ltd., Cimos, Marelli Corporation, Weifang Fuyuan Turbocharger Co., Ltd., Hunan Tyen Machinery Co., Ltd., Ningbo Motor Industrial Co., Ltd., and Others |
Turbocharger is a crucial part of Internal Combustion (IC) engine, which improvises its performance by raising the amount of air intake in the combustion chamber with the help of ejected burnt air. An IC engine requires extra air for combustion of additional fuel for large power generation that decreases its efficiency, thus, turbocharger plays a significant role in enhancing the efficiency by supplying compressed air. Global turbocharger market is expected to exhibit a notable growth in the coming years as these chargers ensure optimum engine performance and enhanced fuel efficiency.
Turbocharger particularly works best on high engine speed and does not require any power source to operate. It is driven by flow of burnt gases discharged by engine. Presently, this technology is majorly used in automotive and aerospace industries. For example, manufacturers employ turbochargers in engines of fast racing cars to generate high amount of power even under harsh and high temperature conditions.
Factors such as improved engine performance and fuel efficiency, government regulations and engine downsizing to reduce vehicle weight drive the growth of the turbocharger market. Moreover, turbocharger installation and excessive rise in engine temperature, owing to overheating issues in turbochargers are the factors that might hamper the augmentation of the turbocharger market. However, hike in demand for fuel efficient engines and gasoline engines is expected to supplement the growth of the turbocharger market during the forecast period.
Adding a turbocharger to the engine is beneficial, but the system tends to work more rigorously, resulting in wear and tear of the system. The turbocharger needs to withstand hot exhaust gases with temperatures as high as 1200F. Hence, it becomes essential to circulate cooling oil as often as possible to keep the turbocharger cool. Thus, a turbocharged engine has high maintenance cost owing to the requirement of cooling oil. The replacement of turbos is also expensive. Poor maintenance of the turbochargers can lead to premature failures, which increase the load on engine cooling oil. Thus the new advancements in water-cooled turbochargers will make them consumer-friendly.
There are variety of reasons for the decline in the growth of diesel engines. Some of them are hiked fuel prices, rising global warming, and higher prices of diesel vehicles than petrol vehicles. In countries like India, South Korea, and Indonesia, diesel vehicles have seen a significant slowdown, and the demand for petrol engines has stimulated. Various emission norms such as Euro-6, China-VI, and PROCONVE P-8 have propelled the market for gasoline engines. This has augmented the growth of passenger car turbochargers production.
Turbo lag is a wide end challenge with conventional turbochargers. Turbo lag is the time a turbocharger takes to engender a positive pressure from the time the exhaust gases hit the turbine blades. As there are frictional and thermal losses, it takes time for a turbocharger to generate enough pressure to suck the air in. If a turbocharger is not installed properly, it will also create leakages, further worsening the turbo lag. Most diesel engines are equipped with conventional turbos, which have this lag.
Technology Insights
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.
Application Insights
The passenger car segment is estimated to be the largest and the fastest-growing market for automotive turbochargers because of the higher production of passenger cars than commercial vehicles.
Regional Insights
The turbocharger market is segmented into 5 major countries as North America, Europe, Latin America, Asia-pacific and Middle East and Africa. Asia Pacific region is expected to be the largest market. The growth can be attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The increased vehicle production and upcoming stringent emission norms in China and India will boost the automotive turbocharger market.
Competitive Analysis
Continental Ag, Borgwarner Inc., Mitsubishi Heavy Industries, Ihi Corporation, Bmts Technology, Cummins Inc., Abb, Tel, Delphi Technologies (Borgwarner), Rotomaster International, Precision Turbo & Engine Inc., Turbonetics Inc., Turbo International, Kompressorenbau Bannewitz Gmbh, Turbo Dynamics Ltd., Cimos, Marelli Corporation, Weifang Fuyuan Turbocharger Co., Ltd., Hunan Tyen Machinery Co., Ltd., Ningbo Motor Industrial Co., Ltd., and Others.
Global Turbocharger Market- Segmental Analysis
Based on Technology
Twin-turbo Technology
Two Stage Series Turbocharger
Two Stage Parallel Turbocharger
Twin Scroll Turbocharger
Wastegate Technology
Variable Geometry Turbocharger (Vgt/Vnt)
Electric Turbocharger
Free-Floating Turbocharger
Double Axle Turbocharger
Sequential Turbo System
Quad Turbos
Variable Vane Turbos
Others
Based on Types
Radial Flow Turbocharger
Mechanical Flow Turbocharger
Axial Flow Turbocharger
Exhaust Gas Turbocharger
Based on Component
Turbine
Housing
Compressor
Based on Actuators
Hydraulic
Pneumatic
Electric
Based on Material
Cast Iron
Aluminium
Others
Based on Fuel type
Gasoline
Diesel
Alternate Fuel or CNG
Based on End-User
Original Equipment Manufacturer
Aftermarket
Why to buy this Report?
The report provides quantitative and qualitative aspect for Turbocharger Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Turbocharger Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
1. Global Turbocharger Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Global Turbocharger Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million) & Volume (Units)
1.4. Global Turbocharger Market Scope and Market Estimation
1.4.1. Global Turbocharger Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Turbocharger Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Global Turbocharger Market Segmentation
1.5.1. Technology of Global Turbocharger Market
1.5.2. Types of Global Turbocharger Market
1.5.3. Component Material of Global Turbocharger Market
1.5.4. Actuators of Global Turbocharger Market
1.5.5. Material of Global Turbocharger Market
1.5.6. Fuel Type of Global Turbocharger Market
1.5.7. End User of Global Turbocharger Market
1.5.8. Application of Global Turbocharger Market
1.5.9. Key Regions of Global Turbocharger Market
2. Global Turbocharger Market - Executive Summary
2.1. Global Turbocharger Market Summary & Snapshot
2.2. Global Turbocharger Market, By Technology (US$ Million) & (Units)
2.3. Global Turbocharger Market, By Types (US$ Million) & (Units)
2.4. Global Turbocharger Market, By Component (US$ Million) & (Units)
2.5. Global Turbocharger Market, By Actuators (US$ Million) & (Units)
2.6. Global Turbocharger Market, By Material (US$ Million) & (Units)
2.7. Global Turbocharger Market, By Fuel Type (US$ Million) & (Units)
2.8. Global Turbocharger Market, By End User (US$ Million) & (Units)
2.9. Global Turbocharger Market, By Application (US$ Million) & (Units)
2.10. Global Turbocharger Market, By Geography (US$ Million) & (Units)
2.11. Global Turbocharger Market Outlook & Future Opportunities
3. Global Turbocharger Market Trends, Outlook, and Factors Analysis
3.1. Global Turbocharger Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Turbocharger Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Decrease in NOx Emission Limits In Upcoming Emission Regulations
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.2. Restraints
3.2.2.1. Higher Maintenance Costs and More Cooling Oil Requirements
3.2.2.2. Restraint 2
3.2.3. Opportunities
3.2.3.1. Development of Electric Turbochargers
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Turbocharger Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Turbocharger Market
3.9.1. By Technology
3.9.2. By Types
3.9.3. By Component
3.9.4. By Actuators
3.9.5. By Material
3.9.6. By Fuel Type
3.9.7. By End User
3.9.8. By Application
3.9.9. By Region
4. Global Turbocharger Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Turbocharger Market, 2020 2021 (US$ Million) & (Units)
4.2. Global Turbocharger Market, By Technology, 2020 to 2021 (US$ Million) & (Units)
4.3. Global Turbocharger Market, By Types, 2020 to 2021 (US$ Million) & (Units)
4.4. Global Turbocharger Market, By Component, 2020 to 2021 (US$ Million) & (Units)
4.5. Global Turbocharger Market, By Actuators (US$ Million) & (Units)
4.6. Global Turbocharger Market, By Material (US$ Million) & (Units)
4.7. Global Turbocharger Market, By Fuel Type (US$ Million) & (Units)
4.8. Global Turbocharger Market, By End User (US$ Million) & (Units)
4.9. Global Turbocharger Market, By Application (US$ Million) & (Units)
4.10. Global Turbocharger Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Technology
5.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Technology, 2022 & 2033
5.2. Global Turbocharger Market Size (US$ Million) & (Units) Estimates and Forecasts, by Technology, 2022 to 2033
5.2.1. Twin-turbo Technology
5.2.1.1. Two Stage Series Turbocharger
5.2.1.2. Two Stage Parallel Turbocharger
5.2.1.3. Twin Scroll Turbocharger
5.2.2. Wastegate Technology
5.2.3. Variable Geometry Turbocharger (Vgt/Vnt)
5.2.4. Electric Turbocharger
5.2.5. Free-Floating Turbocharger
5.2.6. Double Axle Turbocharger
5.2.7. Sequential Turbo System
5.2.8. Quad Turbos
5.2.9. Variable Vane Turbos
5.2.10. Others
6. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Types
6.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Types, 2022 & 2033
6.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Types, 2022 to 2033
6.2.1. Radial Flow Turbocharger
6.2.2. Exhaust Gas Turbocharger
6.2.3. Axial Flow Turbocharger
6.2.4. Mechanical Turbocharger
7. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Component
7.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
7.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Segment _3, 2022 to 2033
7.2.1. Turbine
7.2.2. Compressor
7.2.3. Housing
8. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Actuators
8.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Actuators, 2022 & 2033
8.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Actuators _3, 2022 to 2033
8.2.1. Hydraulic
8.2.2. Pneumatic
8.2.3. Electric
9. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Material
9.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Material, 2022 & 2033
9.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Material _3, 2022 to 2033
9.2.1. Cast Iron
9.2.2. Aluminum
9.2.3. Others
10. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Fuel Type
10.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Fuel Type, 2022 & 2033
10.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Fuel Type _3, 2022 to 2033
10.2.1. Gasoline
10.2.2. Diesel
10.2.3. Alternate Fuel/CNG
11. Global Turbocharger Market Estimates & Forecast Trend Analysis, by End User
11.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033
11.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by End User_3, 2022 to 2033
11.2.1. Original Equipment Manufacturer (OEMs)
11.2.2. Aftermarket
12. Global Turbocharger Market Estimates & Forecast Trend Analysis, by Application
12.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
12.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Application _3, 2022 to 2033
12.2.1. Ships & Aircrafts
12.2.2. Passenger Vehicles
12.2.2.1. Hatchbacks
12.2.2.2. Sedans
12.2.2.3. Utility Vehicles
12.2.3. Light Commercial Vehicles
12.2.4. Trucks
12.2.5. Buses & Coaches
12.2.6. Off-road Vehicles
12.2.6.1. Agriculture Tractors & Equipment
12.2.6.2. Construction & Mining Equipment
12.2.7. Industrial Vehicles (Forklift, etc.)
13. Global Turbocharger Market Analysis and Forecast, by Region
13.1. Global Turbocharger Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
13.2. Global Turbocharger Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033
13.2.1. North America
13.2.2. Europe
13.2.3. Asia Pacific
13.2.4. Middle East and Africa
13.2.5. Latin America
14. North America Turbocharger Market: Estimates & Forecast Trend Analysis
14.1. North America Global Turbocharger Market Assessments & Key Findings
14.2. North America Global Turbocharger Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. North America Global Turbocharger Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
14.3.1. By Technology
14.3.2. By Types
14.3.3. By Component
14.3.4. By Actuators
14.3.5. By Material
14.3.6. By Fuel Type
14.3.7. By End User
14.3.8. By Application
14.3.9. By Major Country
14.3.9.1. The U.S.
14.3.9.2. Canada
15. Europe Turbocharger Market: Estimates & Forecast Trend Analysis
15.1. Europe Global Turbocharger Market Assessments & Key Findings
15.2. Europe Global Turbocharger Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Europe Global Turbocharger Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
15.3.1. By Technology
15.3.2. By Types
15.3.3. By Component
15.3.4. By Actuators
15.3.5. By Material
15.3.6. By Fuel Type
15.3.7. By End User
15.3.8. By Application
15.3.9. By Major Country
15.3.9.1. Germany
15.3.9.2. The U.K.
15.3.9.3. France
15.3.9.4. Italy
15.3.9.5. Spain
15.3.9.6. Rest of Europe (includes all other European countries)
16. Asia Pacific Turbocharger Panels Market: Estimates & Forecast Trend Analysis
16.1. Asia Pacific Global Turbocharger Market Assessments & Key Findings
16.2. Asia Pacific Global Turbocharger Market Share (%) Estimates and Forecasts, 2022 & 2033
16.3. Asia Pacific Global Turbocharger Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
16.3.1. By Technology
16.3.2. By Types
16.3.3. By Component
16.3.4. By Actuators
16.3.5. By Material
16.3.6. By Fuel Type
16.3.7. By End User
16.3.8. By Application
16.3.9. By Major Country
16.3.9.1. China
16.3.9.2. Japan
16.3.9.3. India
16.3.9.4. ASEAN
16.3.9.5. South Korea
16.3.9.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
17. Middle East & Africa Turbocharger Market: Estimates & Forecast Trend Analysis
17.1. Middle East & Africa Global Turbocharger Market Assessments & Key Findings
17.2. Middle East & Africa Global Turbocharger Market Share (%) Estimates and Forecasts, 2022 & 2033
17.3. Middle East & Africa Global Turbocharger Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
17.3.1. By Technology
17.3.2. By Types
17.3.3. By Component
17.3.4. By Actuators
17.3.5. By Material
17.3.6. By Fuel Type
17.3.7. By End User
17.3.8. By Application
17.3.9. By Major Country
17.3.9.1. GCC
17.3.9.2. South Africa
17.3.9.3. Egypt
17.3.9.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
18. Latin America Turbocharger Panels Market: Estimates & Forecast Trend Analysis
18.1. Latin America Market Assessments & Key Findings
18.2. Latin America Global Turbocharger Market Share (%) Estimates and Forecasts, 2022 & 2033
18.3. Latin America Global Turbocharger Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
18.3.1. By Technology
18.3.2. By Types
18.3.3. By Component
18.3.4. By Actuators
18.3.5. By Material
18.3.6. By Fuel Type
18.3.7. By End User
18.3.8. By Application
18.3.9. By Major Country
18.3.9.1. Brazil
18.3.9.2. Mexico
18.3.9.3. Rest of Latin America (includes all other Latin America countries)
19. Competitive Landscape
19.1. Market Revenue Share Analysis (%), by Major Players (2021)
19.2. Market Competition Matrix, by Leading Players
19.3. List of Emerging, Prominent and Leading Players
19.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
20. Company Profiles
20.1. Garrett Motion Inc. (Honeywell)
20.1.1. Company Overview & Insights
20.1.2. Financial Performance
20.1.3. Technology / Service Portfolio
20.1.4. Geographical Footprint & Share
20.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
20.2. Continental Ag
20.3. Borgwarner Inc.
20.4. Mitsubishi Heavy Industries
20.5. Ihi Corporation
20.6. Bmts Technology
20.7. Cummins Inc.
20.8. Abb
20.9. Tel
20.10. Delphi Technologies (Borgwarner)
20.11. Rotomaster International
20.12. Precision Turbo & Engine Inc
20.13. Turbonetics Inc.
20.14. Turbo International
20.15. Kompressorenbau Bannewitz Gmbh
20.16. Turbo Dynamics Ltd.
20.17. Cimos
20.18. Marelli Corporation
20.19. Weifang Fuyuan Turbocharger Co., Ltd.
20.20. Hunan Tyen Machinery Co., Ltd.
20.21. Ningbo Motor Industrial Co., Ltd.
20.22. Others
21. Assumptions and Research Methodology
21.1. Data Mining
21.2. Secondary Research
21.3. Primary Research
21.4. Subject Matter Expert Advice
21.5. Quality Check
21.6. Final Review
21.7. Data Triangulation
21.8. Bottom-Up Approach
21.9. Top Down Approach
21.10. Research Flow
21.11. Key Insights from Industry Experts
21.12. Data Sources
21.13. Assumptions
21.14. Limitations
22. Conclusions and Recommendations
22.1. Key Research Findings and Conclusion
22.2. Key Insights & Recommendations from Analysts