AUTOMOTIVE & TRANSPORTATION
Global Automative Turbocharger Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Turbocharger Market, By Technology (VNT/VGT, Wastegate, Electric, Twin-turbo, Free-floating, Double Axle), Material (Cast iron, Aluminum, Others), Components (Turbine, Compressor, Housing), Fuel Type (Diesel, Gasoline), Application (Agricultural tractors, Construction equipment), Vehicle Type (Passenger cars, Light commercial vehicles, Truck, Bus, CNG/Alternate fuels), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Automotive Turbocharger market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
A turbocharger is a forced induction device that is powered by the flow of exhaust gases in an internal combustion engine.
Market Dynamics
DRIVERS
- Enhanced engine performance and fuel economy
- Government rules and engine reduction to minimize vehicle weight, better engine performance and fuel economy
RESTRAINTS
- Increased maintenance costs and cooling oil requirements
- Increased adoption of electric vehicles is stifling growth.
OPPORTUNITIES
- Electric turbocharger development
- Advanced turbocharger developments for high powered vehicles
CHALLENGES
- Turbo lag
- Warranty benefits in aftermarket product
SEGMENTATION
MARKET SEGMENTATION
- Technology
- VNT/VGT
- Wastegate
- Electric
- Twin-turbo
- Free-floating
- Double Axle
- Material
- Cast iron
- Aluminum
- Others
- Components
- Turbine
- Compressor
- Housing
- Fuel Type
- Diesel
- Gasoline
- Application
- Agricultural tractors
- Construction equipment
- Vehicle Type
- Passenger cars
- Light commercial vehicles
- Truck
- Bus
- CNG/Alternate fuels
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Honeywell
- BorgWarner
- Continental
- Bosch
- Cummins
- ABB
- TEL
- Delphi Technologies
- Rotomaster International
- Turbonetics
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Turbocharger Market, by Technology
- 3.2 Global Automotive Turbocharger Market, by Material
- 3.3 Global Automotive Turbocharger Market, by Components
- 3.4 Global Automotive Turbocharger Market, by Fuel Type
- 3.5 Global Automotive Turbocharger Market, by Application
- 3.6 Global Automotive Turbocharger Market, by Vehicle Type
- 3.7 Global Automotive Turbocharger Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Enhanced engine performance and fuel economy
- 5.2.2 Government rules and engine reduction to minimize vehicle weight, better engine performance and fuel economy
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Increased maintenance costs and cooling oil requirements
- 5.3.2 Increased adoption of electric vehicles is stifling growth.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Electric turbocharger development
- 5.4.2 Advanced turbocharger developments for high powered vehicles
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Turbo lag
- 5.5.2 Warranty benefits in aftermarket product
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY TECHNOLOGY
- 6.1 Technology Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Turbocharger Market, by Technology (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY MATERIAL
- 7.1 Material Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Turbocharger Market, by Material (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY COMPONENTS
- 8.1 Components Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Turbocharger Market, by Components (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY FUEL TYPE
- 9.1 Fuel Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Turbocharger Market, by Fuel Type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY APPLICATION
- 10.1 Application Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Turbocharger Market, by Application (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY VEHICLE TYPE
- 11.1 Vehicle Type Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive Turbocharger Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA AUTOMOTIVE TURBOCHARGER MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Automotive Turbocharger Market, by Technology (2019-2032)
- 13.4 North America Automotive Turbocharger Market, by Material (2019-2032)
- 13.5 North America Automotive Turbocharger Market, by Components (2019-2032)
- 13.6 North America Automotive Turbocharger Market, by Fuel Type (2019-2032)
- 13.7 North America Automotive Turbocharger Market, by Application (2019-2032)
- 13.8 North America Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- 13.9 North America Automotive Turbocharger Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE AUTOMOTIVE TURBOCHARGER MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Automotive Turbocharger Market, by Technology (2019-2032)
- 14.4 Europe Automotive Turbocharger Market, by Material (2019-2032)
- 14.5 Europe Automotive Turbocharger Market, by Components (2019-2032)
- 14.6 Europe Automotive Turbocharger Market, by Fuel Type (2019-2032)
- 14.7 Europe Automotive Turbocharger Market, by Application (2019-2032)
- 14.8 Europe Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- 14.9 Europe Automotive Turbocharger Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC AUTOMOTIVE TURBOCHARGER MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Automotive Turbocharger Market, by Technology (2019-2032)
- 15.4 Asia-Pacific Automotive Turbocharger Market, by Material (2019-2032)
- 15.5 Asia-Pacific Automotive Turbocharger Market, by Components (2019-2032)
- 15.6 Asia-Pacific Automotive Turbocharger Market, by Fuel Type (2019-2032)
- 15.7 Asia-Pacific Automotive Turbocharger Market, by Application (2019-2032)
- 15.8 Asia-Pacific Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- 15.9 Asia-Pacific Automotive Turbocharger Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA AUTOMOTIVE TURBOCHARGER MARKET
- 19.1 South America Summary
- 19.2 Market Attractive Index
- 19.3 South America Automotive Turbocharger Market, by Technology (2019-2032)
- 19.4 South America Automotive Turbocharger Market, by Material (2019-2032)
- 19.5 South America Automotive Turbocharger Market, by Components (2019-2032)
- 19.6 South America Automotive Turbocharger Market, by Fuel Type (2019-2032)
- 19.7 South America Automotive Turbocharger Market, by Application (2019-2032)
- 19.8 South America Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- 19.12 South America Automotive Turbocharger Market, by Country (2019-2032)
- 19.12.1 Brazil
- 19.12.2 Argentina
- 19.12.3 Chile
- 19.12.4 Colombia
- 19.12.5 Rest of South America
- SECTION 20 - MIDDLE EAST AND AFRICA AUTOMOTIVE TURBOCHARGER MARKET
- 20.1 Middle East and Africa Summary
- 20.2 Market Attractive Index
- 20.3 Middle East and Africa Automotive Turbocharger Market, by Technology (2019-2032)
- 20.4 Middle East and Africa Automotive Turbocharger Market, by Material (2019-2032)
- 20.5 Middle East and Africa Automotive Turbocharger Market, by Components (2019-2032)
- 20.6 Middle East and Africa Automotive Turbocharger Market, by Fuel Type (2019-2032)
- 20.7 Middle East and Africa Automotive Turbocharger Market, by Application (2019-2032)
- 20.8 Middle East and Africa Automotive Turbocharger Market, by Vehicle Type (2019-2032)
- 20.9 Middle East and Africa Automotive Turbocharger Market, by Country (2019-2032)
- 20.9.1 Kingdom of Saudi Arabia
- 20.9.2 South Africa
- 20.9.3 U.A.E.
- 20.9.4 Egypt
- 20.9.5 Rest of Middle East and Africa
- SECTION 21 - COMPANY SHARE ANALYSIS
- 21.1 Global Automotive Turbocharger Market, Company Share Analysis
- 21.2 North America Automotive Turbocharger Market, Company Share Analysis
- 21.3 Europe Automotive Turbocharger Market, Company Share Analysis
- 21.4 Asia-Pacific Automotive Turbocharger Market, Company Share Analysis
- SECTION 22 - COMPANY PROFILES
- 22.1 Honeywell
- 22.1.1 Company Snapshot
- 22.1.2 Financial Overview
- 22.1.3 Product Portfolio
- 22.1.4 Recent Developments
- 22.2 BorgWarner
- 22.2.1 Company Snapshot
- 22.2.2 Financial Overview
- 22.2.3 Product Portfolio
- 22.2.4 Recent Developments
- 22.3 Continental
- 22.3.1 Company Snapshot
- 22.3.2 Financial Overview
- 22.3.3 Product Portfolio
- 22.3.4 Recent Developments
- 22.4 Bosch
- 22.4.1 Company Snapshot
- 22.4.2 Financial Overview
- 22.4.3 Product Portfolio
- 22.4.4 Recent Developments
- 22.5 Cummins
- 22.5.1 Company Snapshot
- 22.5.2 Financial Overview
- 22.5.3 Product Portfolio
- 22.5.4 Recent Developments
- 22.6 ABB
- 22.6.1 Company Snapshot
- 22.6.2 Financial Overview
- 22.6.3 Product Portfolio
- 22.6.4 Recent Developments
- 22.7 TEL
- 22.7.1 Company Snapshot
- 22.7.2 Financial Overview
- 22.7.3 Product Portfolio
- 22.7.4 Recent Developments
- 22.8 Delphi Technologies
- 22.8.1 Company Snapshot
- 22.8.2 Financial Overview
- 22.8.3 Product Portfolio
- 22.8.4 Recent Developments
- 22.9 Rotomaster International
- 22.9.1 Company Snapshot
- 22.9.2 Financial Overview
- 22.9.3 Product Portfolio
- 22.9.4 Recent Developments
- 22.10 Turbonetics
- 22.10.1 Company Snapshot
- 22.10.2 Financial Overview
- 22.10.3 Product Portfolio
- 22.10.4 Recent Developments
- SECTION 23 - RELATED REPORTS
- SECTION 24 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.