Global Automotive Turbocharger Market by Engine Type (Diesel Engine and Gasoline Engine), By Vehicle Type (Light Vehicle and Heavy Vehicle), By Sales Channel (OEM and Aftermarket), and by Regions and Countries - Іnduѕtrу Ѕеgmеnt Оutlооk, Маrkеt Аѕѕеѕѕmеnt, Соmреtіtіоn Ѕсеnаrіо, Тrеndѕ аnd Fоrесаѕt, 2019-2029

Market.us announces publication of its most recently generated research report titled, “Global Automotive Turbocharger Market by Engine Type (Diesel Engine and Gasoline Engine), By Vehicle Type (Light Vehicle and Heavy Vehicle), By Sales Channel (OEM and Aftermarket), and by Region – Global Forecast to 2029.”, which offers a holistic view of the global Automotive Turbocharger market through systematic segmentation that covers every aspect of the target market. The global Automotive Turbocharger market is projected to be US$ 17,014.9 Mn in 2019 to reach US$ 40,783.2 Mn by 2029 at a CAGR of 9.2%.

The advent of automotive turbochargers has enabled vehicle manufacturers to reduce the size of internal combustion engines, but without compromising power, functionality, and efficiency. Adoption of turbochargers in diesel and gasoline engines has been increasing rapidly owing to these components’ ability to improve fuel efficiency, increase power output, and enhance various other aspects of the vehicle. A turbocharger comprises a compressor and turbine coupled on a single standard shaft. The turbine scavenges energy from hot exhaust gas flow and delivers it to the compressor, which compresses and feed the ambient air to the engine. Engine power is increased significantly because more air is supplied at each combustion stroke.

trending_up Total Revenue in 2018

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17,014.9 Mn

trending_up Market CAGR of the Next Ten Years

9.2%

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• By Type
• By Region
• By Application

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trending_up Market Revenue of the Next Ten Years

US$ 40,783.2 Mn

Increasing production and sales of light and heavy commercial vehicles, coupled with stringent regulations and statutes about vehicle emissions and fuel efficiency are among some of the major factors driving demand for automotive turbochargers. Also, increasing penetration of gasoline turbochargers, coupled with steady demand for gasoline-powered vehicles in developed and developing economies are among other factors driving growth of the global automotive turbocharger market.

Global Automotive Turbocharger Market Revenue (US$ Mn), 2019–2029

Technological advancements such as development and introduction of electrically assisted turbocharger with integrated electric motor for the purpose of generating electrical energy from exhaust gas flow or add torque to the turbine shaft for enhanced performance and improve fuel efficiency. This is expected to create new opportunities for manufacturers operating in the global automotive turbocharger market.

However, increasing demand for electric vehicles, coupled with increasing investment and tax exemption by governments of various countries for promoting usage of zero-emission vehicles is expected to restrain growth of the target market.

The global automotive turbocharger market is segmented on the basis of engine type, vehicle type, sales channel, and regions and countries. On the basis of engine type, the market is segmented into diesel engine segment and gasoline engine segment. On the basis of vehicle type, the market is segmented into light vehicle segment and heavy vehicle segment. On the basis of sales channel, the market is segmented into OEM segment and aftermarket segment.

Global Automotive Turbocharger Market Attractiveness Index by Engine Type, 2019

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific accounts for majority share in the global automotive turbocharger market, owing to increasing vehicle production in developing countries and increasing demand for diesel vehicles.  Growth of the market in regions such as Europe, South America, and MEA is expected to remain steady over the forecast period.

Major players in the market include BorgWarner Inc., Garrett Motion, Inc., Cummins Inc., Mitsubishi Heavy Industries, Ltd., IHI Corporation, Continental Aktiengesellschaft, Bosch Mahle Turbo Systems GmbH & Co. (BMTS), Rotomaster International, Precision Turbo & Engine Rebuilders, Inc., Turbo Energy Private Limited (TEL), Easyland Automotive Corporation (Jrone), Refone Auto Power Co., Ltd., Hunan TYEN Machinery Co., Ltd., Tonglint Industries Co., Ltd., and Ningbo GP Turbocharger Co. Ltd.

Segmentation for Global Automotive Turbocharger Market, based on Engine, Vehicle, Sales Channel and Region

Based on Engine:

• Diesel Engine
• Gasoline Engine

Based on Vehicle:

• Light Vehicle
• Heavy Vehicle

Based on Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Based on Region:

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Market Players included in the report:

• BorgWarner Inc.
• Garrett Motion Inc.
• Cummins Inc.
• Mitsubishi Heavy Industries Ltd.
• IHI Corporation
• Continental Aktiengesellschaft
• Bosch Mahle Turbo Systems GmbH & Co. (BMTS)
• Rotomaster International
• Precision Turbo & Engine Rebuilders Inc.
• Turbo Energy Private Limited (TEL)
• Easyland Automotive Corporation (Jrone)
• Refone Auto Power Co.Ltd.
• Hunan TYEN Machinery Co.Ltd.
• Tonglint Industries Co.Ltd.
• Ningbo GP Turbocharger Co. Ltd

For the Automotive Turbochargers Market research study, the following years have been considered to estimate the market size: