Market Overview:
The global vehicle turbocharger market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vehicles with better fuel efficiency and performance. Turbochargers are used in petrol-powered cars, diesel-powered cars, motorcycles, trucks and other vehicles to improve their performance by increasing their power output and fuel efficiency. The global vehicle turbocharger market is segmented on the basis of type into mechanical turbocharging and exhaust turbocharging. The mechanical turbocharging segment is further sub-segmented into centrifugal superchargers and Roots superchargers. The exhaust turbocharging segment is further sub-segmented into single stage turbosystems and two stage turbosystems. On the basis of application, the market is divided into petrol powered cars, diesel powered cars, motorcycles, trucks and others (including buses). Geographically, the global vehicle turbocharger market has been segmented into North America, Latin America Europe Asia Pacific Middle East & Africa (MEA).
Product Definition:
A turbocharger is an exhaust gas-driven compressor that increases the power output of an engine by forcing more air into the cylinders. Turbochargers are used in a variety of applications, including cars, trucks, locomotives, ships, and aircraft.
Mechanical Turbocharging:
Turbochargers are mechanical devices that increase the flow of air and fuel into an engine, which further increases the speed of the engine. The working principle is simple; a turbine is attached to a shaft, which rotates due to its own weight. As it turns, it creates a vacuum in its wake by spinning backward (if viewed from behind), which draws in air and fuel.
Exhaust Turbocharging:
Exhaust turbocharging is an alternative fuel technology used to increase the power of internal combustion engines by forcing more air into the engine cylinder. It works by using a turbine-like device, which forces more oxygen into the engine, thus increasing its efficiency. The exhaust gas in this process is compressed and heated to high temperatures which increases its power output compared to traditional systems where gases are forced in at atmospheric pressure.
Application Insights:
Petrol powered cars led the global vehicle turbocharger market and accounted for more than 54.0% share of the total revenue in 2017. Rising demand for petrol-powered vehicles in developing countries including India, China, Thailand and Indonesia is expected to drive the segment growth over the forecast period. In addition, growing sales of diesel vehicles across various regions is anticipated to augment demand from 2018 to 2030 as they provide better efficiency compared with gasoline engines when it comes to charging electric vehicles.
The diesel engine has been gaining popularity among consumers due largely to its lower emissions which are considered beneficial for human health owing largely to technological advancements made in recent years regarding emission control systems on trucks and buses along with automobiles that use these engines globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030. The region has been witnessing increasing demand for diesel engines as these are more economical than petrol engines in terms of fuel consumption per passenger kilometer. This factor is anticipated to boost the growth of turbochargers in this region over the forecast period.
Europe accounted for a significant share in 2017 and will retain its dominant position throughout the forecast years owing to stringent emission norms and regulations implemented by various regulatory bodies, such as EEA, EU6and national legislations pertainingto vehicular emissions across countries like Germany, France Italy etc.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for vehicle turbochargers is expected to grow at a CAGR of more than 7% from 2016 to 2020. This can be attributed to the increasing demand for fuel-efficient vehicles, as turbochargers help improve the fuel economy of a vehicle by up to 30%.
- Stringent emission norms: Stringent emission norms across regions are also driving the growth of the global market for vehicle turbochargers. For instance, Euro 6 emission norms that came into effect in September 2015 in Europe mandate that all new passenger cars must have emissions below 120 g/km of CO2. Turbocharged engines help achieve these stringent emissions standards by providing better combustion and reduced exhaust gas emissions.
- Rising popularity of diesel vehicles: The popularity of diesel vehicles is another key factor driving the growth of the global market for vehicle turbochargers. Diesel engines are known to offer better performance and fuel economy as compared with gasoline engines, which has led to their increasing adoption in developed countries such as Europe and North America . This is further expected to boost demand for vehicular turbochargers in these regions over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Turbocharger Market Research Report
By Type
Mechanical Turbocharging, Exhaust Turbocharging
By Application
Petrol Powered Cars, Diesel Powered Cars, Motorcycles, Truck, Others
By Companies
Borgwarner Inc., Bosch Mahle Turbo Systems GmbH & Co. Kg, Continental AG, Cummins Inc., Eaton Corporation PLC, Honeywell International Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Rotomaster International, Turbo Energy Private Limited, Borgwarner Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Turbocharger Market Report Segments:
The global Vehicle Turbocharger market is segmented on the basis of:
Types
Mechanical Turbocharging, Exhaust Turbocharging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrol Powered Cars, Diesel Powered Cars, Motorcycles, Truck, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Borgwarner Inc.
- Bosch Mahle Turbo Systems GmbH & Co. Kg
- Continental AG
- Cummins Inc.
- Eaton Corporation PLC
- Honeywell International Inc.
- IHI Corporation
- Mitsubishi Heavy Industries Ltd.
- Rotomaster International
- Turbo Energy Private Limited
- Borgwarner Inc.
Highlights of The Vehicle Turbocharger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Turbocharging
- Exhaust Turbocharging
- By Application:
- Petrol Powered Cars
- Diesel Powered Cars
- Motorcycles
- Truck
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Turbocharger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vehicle turbocharger is a device that helps increase the power and performance of an engine. Turbochargers are usually located on the exhaust side of the engine, and they use air to spin a turbine which in turn creates more pressure and airflow inside the engine. This increased airflow allows for higher fuel economy as well as increased power.
Some of the major companies in the vehicle turbocharger market are Borgwarner Inc., Bosch Mahle Turbo Systems GmbH & Co. Kg, Continental AG, Cummins Inc., Eaton Corporation PLC, Honeywell International Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Rotomaster International, Turbo Energy Private Limited, Borgwarner Inc..
The vehicle turbocharger market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Turbocharger Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Turbocharger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Turbocharger Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Turbocharger Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Turbocharger Market Size & Forecast, 2020-2028
4.5.1 Vehicle Turbocharger Market Size and Y-o-Y Growth
4.5.2 Vehicle Turbocharger Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mechanical Turbocharging
5.2.2 Exhaust Turbocharging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Petrol Powered Cars
6.2.2 Diesel Powered Cars
6.2.3 Motorcycles
6.2.4 Truck
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Turbocharger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Turbocharger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mechanical Turbocharging
9.6.2 Exhaust Turbocharging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Petrol Powered Cars
9.10.2 Diesel Powered Cars
9.10.3 Motorcycles
9.10.4 Truck
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mechanical Turbocharging
10.6.2 Exhaust Turbocharging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Petrol Powered Cars
10.10.2 Diesel Powered Cars
10.10.3 Motorcycles
10.10.4 Truck
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mechanical Turbocharging
11.6.2 Exhaust Turbocharging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Petrol Powered Cars
11.10.2 Diesel Powered Cars
11.10.3 Motorcycles
11.10.4 Truck
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mechanical Turbocharging
12.6.2 Exhaust Turbocharging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Petrol Powered Cars
12.10.2 Diesel Powered Cars
12.10.3 Motorcycles
12.10.4 Truck
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mechanical Turbocharging
13.6.2 Exhaust Turbocharging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Petrol Powered Cars
13.10.2 Diesel Powered Cars
13.10.3 Motorcycles
13.10.4 Truck
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Turbocharger Market: Competitive Dashboard
14.2 Global Vehicle Turbocharger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Borgwarner Inc.
14.3.2 Bosch Mahle Turbo Systems GmbH & Co. Kg
14.3.3 Continental AG
14.3.4 Cummins Inc.
14.3.5 Eaton Corporation PLC
14.3.6 Honeywell International Inc.
14.3.7 IHI Corporation
14.3.8 Mitsubishi Heavy Industries Ltd.
14.3.9 Rotomaster International
14.3.10 Turbo Energy Private Limited
14.3.11 Borgwarner Inc.
