The global turbocharger market is expected to grow at a CAGR of around 5.9% from 2020 to 2027 and poised to reach the market value of around US$ 25,887.0 Mn by 2027.
A turbocharger or “turbo” is a turbine-driven forced induction device used to improve the engine's volumetric efficiency by increasing the density of the intake gas to allow more power per engine cycle. Basically, it’s a device particularly used to supercharge an engine. The turbocharger is an integral part of the internal combustion (IC) engine and considered as the most important automotive accessories nowadays.
Market Dynamics
The benefits associated with the turbocharger, such as optimum engine performance, enhanced fuel efficiency, and suitability in high engine speed is driving the market value. The rising imposition of automotive emission regulations particularly to encourage cleaner and low-emission vehicle usage is supporting the market value. Manufacturers are employing turbochargers in engines of fast racing cars to generate a high amount of power even under harsh and high-temperature conditions is further propelling the market growth. Moreover, the increasing installation of turbochargers in gasoline engines to keep internal combustion (IC) engines cleaner is projected to provide potential opportunities over the estimated period.
On the flip side, an excessive rise in engine temperature, owing to the overheating issues associated with the turbochargers and increasing electric vehicle market is likely to hamper the growth during the forecast timeframe.
Diesel segment accounted for the major share in the market
By fuel type, the diesel segment is leading the market with a major share in terms of value. The dependency of the transportation industry on diesel engines, particularly for heavy-duty performances is primarily supporting the market value. The rapid industrialization has fueled the demand for commercial or heavy-duty vehicles are supporting the market value. Moreover, the gasoline segment is anticipated to exhibit the fastest growth over the forecast period from 2020 to 2027.
OEMs segment accounted for the major share in the market
By end-user, original equipment manufacturers (OEMs) are leading the market with major share in terms of value. The stringent regulatory norms on emission are leading to the incorporation of the downsizing engine by the OEMs for the majority of new vehicles.
The market research study on “Turbocharger Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Turbocharger market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Turbocharger market, its fuel type, vehicle type, technology, end-user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global turbocharger market size and volume, and segment markets by fuel type, vehicle type, technology, end-user, and geography along with the information on companies operating in the market. The turbocharger market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific region is projected to experience fastest growth over the estimated period
In 2019, Asia Pacific accounted for the major share and the region is also projected to continue with the fastest rate over the forecast period from 2020 to 2027. The region is particularly gaining growth on account of increasing vehicle production as well as demand. The developing economies like China and India are supporting the market value. Major manufacturers are investing in the regional market owing to the high purchasing power of people coupled with the expanding automotive sector.
The players profiled in the report include BorgWarner Inc., Continental AG, Cummins Inc., EATON Corporation, Honeywell International Corporation, IHI Corporation, Mitsubishi Heavy Industries, Precision Turbo & Engine, Rotomaster International and Turbo Dynamics Ltd.
Market Segmentation
Market By Fuel Type
Market By Vehicle type
- Passenger vehicle
- Light Duty Vehicle
- Medium & Heavy Duty Vehicle
- Off-Highway Vehicles
Market By Technology
- Twin-turbo Technology
- Wastegate Technology
- Variable Geometry Technology (VGT)
Market By End-User
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Turbocharger
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Turbocharger Market By Fuel Type
1.2.2.1. Global Turbocharger Market Revenue and Growth Rate Comparison By Fuel Type (2016-2027)
1.2.2.2. Global Turbocharger Market Revenue Share By Fuel Type in 2019
1.2.2.3. Diesel
1.2.2.4. Gasoline
1.2.3. Turbocharger Market By Vehicle type
1.2.3.1. Global Turbocharger Market Revenue and Growth Rate Comparison By Vehicle type (2016-2027)
1.2.3.1.1. Passenger vehicle
1.2.3.1.2. Light Duty Vehicle
1.2.3.1.3. Medium & Heavy Duty Vehicle
1.2.3.1.4. Off-Highway Vehicles
1.2.4. Turbocharger Market By Technology
1.2.4.1. Global Turbocharger Market Revenue and Growth Rate Comparison By Technology (2016-2027)
1.2.4.2. Twin-turbo Technology
1.2.4.3. Wastegate Technology
1.2.4.4. Variable Geometry Technology (VGT)
1.2.5. Turbocharger Market By End-User
1.2.5.1. Global Turbocharger Market Revenue and Growth Rate Comparison By End-User (2016-2027)
1.2.5.2. Original Equipment Manufacturer (OEMs)
1.2.5.3. Aftermarket
1.2.6. Turbocharger Market By Geography
1.2.6.1. Global Turbocharger Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.6.2. North America Turbocharger Market Revenue and Growth Rate(2016-2027)
1.2.6.3. Europe Turbocharger Market Revenue and Growth Rate(2016-2027)
1.2.6.4. Asia-Pacific Turbocharger Market Revenue and Growth Rate(2016-2027)
1.2.6.5. Latin America Turbocharger Market Revenue and Growth Rate(2016-2027)
1.2.6.6. Middle East and Africa (MEA) Turbocharger Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
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 Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Turbocharger Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Turbocharger Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Turbocharger Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Turbocharger Major Manufacturers in 2019
CHAPTER 4. TURBOCHARGER MARKET BY FUEL TYPE
4.1. Global Turbocharger Revenue By Fuel Type
4.2. Diesel
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Gasoline
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. TURBOCHARGER MARKET BY VEHICLE TYPE
5.1. Global Turbocharger Revenue By Vehicle type
5.2. Passenger vehicle
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Light Duty Vehicle
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Medium & Heavy Duty Vehicle
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. Off-Highway Vehicles
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. TURBOCHARGER MARKET BY TECHNOLOGY
6.1. Global Turbocharger Revenue By Technology
6.2. Twin-turbo Technology
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Wastegate Technology
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.4. Variable Geometry Technology (VGT)
6.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. TURBOCHARGER MARKET BY END-USER
7.1. Global Turbocharger Revenue By End-User
7.2. Original Equipment Manufacturer (OEMs)
7.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.3. Aftermarket
7.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA TURBOCHARGER MARKET BY COUNTRY
8.1. North America Turbocharger Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. North America Turbocharger Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Turbocharger Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 9. EUROPE TURBOCHARGER MARKET BY COUNTRY
9.1. Europe Turbocharger Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Europe Turbocharger Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC TURBOCHARGER MARKET BY COUNTRY
10.1. Asia-Pacific Turbocharger Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Asia-Pacific Turbocharger Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA TURBOCHARGER MARKET BY COUNTRY
11.1. Latin America Turbocharger Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Latin America Turbocharger Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA TURBOCHARGER MARKET BY COUNTRY
12.1. Middle East & Africa Turbocharger Market Revenue and Growth Rate, 2016 - 2027 ($Million)
12.2. Middle East & Africa Turbocharger Market Revenue Share Comparison, 2016 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Fuel Type, 2016 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Vehicle type, 2016 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By End-User, 2016 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. BorgWarner Inc
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Continental AG
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Cummins Inc
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. EATON Corporation
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Honeywell International Corporation
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. IHI Corporation
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Mitsubishi Heavy Industries
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Precision Turbo & Engine
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Rotomaster International
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Turbo Dynamics Ltd
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Others
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
