The global twin turbochargers market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for diesel engines in emerging economies such as India and China. The twin turbochargers are used in diesel engines which are more fuel efficient than gasoline engines and hence, they are gaining popularity among car manufacturers. In addition, the growing demand for high-performance vehicles is also driving the growth of this market.
The global twin turbochargers market by type is segmented into tandem and parallel turbochargers. Tandem turbos have two sets of exhaust gas turbines that work together to provide more power than a single set would produce on its own while parallel turbos have two sets that work independently from one another but both provide power when needed by an engine's needs. The tandem turbos segment accounted for over 50% share in 2017 owing to their higher efficiency levels as compared with parallel turbos which account for less than 10%.
The global twin turbochargers market by application is segmented into diesel engine and gasoline engine applications. Diesel engines accounted for over 60% share in 2017 owing to their higher efficiency levels as compared with gasoline engines which account for less than 40%.
Some Of The Growth Factors Of This Market:
- The twin turbocharger market is driven by the increasing demand for high-performance vehicles and the need for improved fuel efficiency.
- The twin turbocharger market is also driven by the increasing demand for diesel engines in passenger cars and light commercial vehicles.
- Increasing demand for diesel engines in passenger cars and light commercial vehicles will drive the growth of the twin turbocharger market.
- Increasing use of electric powertrains in passenger cars will drive the growth of the twin turbocharger market.
Industry Growth Insights published a new data on “Twin Turbochargers Market”. The research report is titled “Twin Turbochargers Market research by Types (Tandem Turbo, Parallel Turbo), By Applications (Diesel Engine, Gasoline Engine), By Players/Companies Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch, Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Twin Turbochargers Market Research Report
By Type
Tandem Turbo, Parallel Turbo
By Application
Diesel Engine, Gasoline Engine
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch, Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Twin Turbochargers Market Report Segments:
The global Twin Turbochargers market is segmented on the basis of:
Types
Tandem Turbo, Parallel Turbo
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
Diesel Engine, Gasoline Engine
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:
- Honeywell
- BorgWarner
- MHI
- IHI
- Cummins
- Bosch
- Mahle
- Continental
- Hunan Tyen
- Weifu Tianli
- Kangyue
- Weifang Fuyuan
- Shenlong
- Okiya Group
- Zhejiang Rongfa
- Hunan Rugidove
Highlights of The Twin Turbochargers 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:
- Tandem Turbo
- Parallel Turbo
- By Application:
- Diesel Engine
- Gasoline Engine
- 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 Twin Turbochargers 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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?
Twin turbochargers are two identical turbochargers that are mounted on the same shaft. They work in tandem to increase the power and torque of an engine.
Some of the key players operating in the twin turbochargers market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch, Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove.
The twin turbochargers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Twin Turbochargers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Twin Turbochargers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Twin Turbochargers Market - Supply Chain
4.5. Global Twin Turbochargers Market Forecast
4.5.1. Twin Turbochargers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Twin Turbochargers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Twin Turbochargers Market Absolute $ Opportunity
5. Global Twin Turbochargers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Twin Turbochargers Market Size and Volume Forecast by Type
5.3.1. Tandem Turbo
5.3.2. Parallel Turbo
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Twin Turbochargers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Twin Turbochargers Market Size and Volume Forecast by Application
6.3.1. Diesel Engine
6.3.2. Gasoline Engine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Twin Turbochargers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Twin Turbochargers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Twin Turbochargers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Twin Turbochargers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Twin Turbochargers Demand Share Forecast, 2019-2026
9. North America Twin Turbochargers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Twin Turbochargers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Twin Turbochargers Market Size and Volume Forecast by Application
9.4.1. Diesel Engine
9.4.2. Gasoline Engine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Twin Turbochargers Market Size and Volume Forecast by Type
9.7.1. Tandem Turbo
9.7.2. Parallel Turbo
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Twin Turbochargers Demand Share Forecast, 2019-2026
10. Latin America Twin Turbochargers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Twin Turbochargers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Twin Turbochargers Market Size and Volume Forecast by Application
10.4.1. Diesel Engine
10.4.2. Gasoline Engine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Twin Turbochargers Market Size and Volume Forecast by Type
10.7.1. Tandem Turbo
10.7.2. Parallel Turbo
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Twin Turbochargers Demand Share Forecast, 2019-2026
11. Europe Twin Turbochargers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Twin Turbochargers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Twin Turbochargers Market Size and Volume Forecast by Application
11.4.1. Diesel Engine
11.4.2. Gasoline Engine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Twin Turbochargers Market Size and Volume Forecast by Type
11.7.1. Tandem Turbo
11.7.2. Parallel Turbo
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Twin Turbochargers Demand Share, 2019-2026
12. Asia Pacific Twin Turbochargers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Twin Turbochargers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Twin Turbochargers Market Size and Volume Forecast by Application
12.4.1. Diesel Engine
12.4.2. Gasoline Engine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Twin Turbochargers Market Size and Volume Forecast by Type
12.7.1. Tandem Turbo
12.7.2. Parallel Turbo
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Twin Turbochargers Demand Share, 2019-2026
13. Middle East & Africa Twin Turbochargers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Twin Turbochargers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Twin Turbochargers Market Size and Volume Forecast by Application
13.4.1. Diesel Engine
13.4.2. Gasoline Engine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Twin Turbochargers Market Size and Volume Forecast by Type
13.7.1. Tandem Turbo
13.7.2. Parallel Turbo
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Twin Turbochargers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Twin Turbochargers Market: Market Share Analysis
14.2. Twin Turbochargers Distributors and Customers
14.3. Twin Turbochargers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BorgWarner
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MHI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cummins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mahle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Continental
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hunan Tyen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Weifu Tianli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kangyue
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Weifang Fuyuan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shenlong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Okiya Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zhejiang Rongfa
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hunan Rugidove
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
