According to the report title, “Global Automotive Turbocharger Market, 2027”, publish by Actual Market research, the automotive turbocharger market is anticipated to grow at a CAGR of10.56% in value terms in the forecast period. To improve the overall performance and efficiency of a vehicle’s engine, different types of turbochargers are used in vehicles. According to the report, the turbocharger market is segregated into three major technology type i.e. variable geometry turbocharger (VGT), wastegate turbocharger and electric turbochargers. The Variable geometry turbocharger is leading the market with more than 65%of value share and it is expected to capture a higher market share in the forecast period. Follow by the wastegate turbocharger technology. An electric turbocharger is used to eliminate turbo lag and assist a normal turbocharger at lower engine speeds where a conventional turbocharger is not more efficient. So the penetration of electric turbochargers in vehicles is likely to increase in the future. By vehicle type, the market is segmented into passenger and commercial vehicles. Passenger vehicle is leading the market with more than 75% value share. Due to an increase in production of passenger, light commercial and commercial vehicles, it will allow the turbocharger market to grow at a faster rate in future.
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Covid-19: pandemic has created unparalleled challenges for the auto industry in the short-term.COVID-19 pandemic situation has resulted in diminish in automotive production which is directly proportionate to the decline in the automotive turbocharger market. On the other side, the pandemic situation has enforced the various firms in the turbocharger market to adopt new technologies during the operation, which will create a better chance for the growth of the turbocharger market.
Major companies present in the market : Garrett Motion Inc., Cummins Inc., Borgwarner Inc., Continental AG, Ishikawajima-Harima Heavy Industries Co., Limited, Mitsubishi Heavy Industries Limited, Turbo Energy Private Limited, Hunan Tyen Machinery Co., Ltd., Rotomaster International, BMTS Technology GmbH Co. KG, Fengcheng Xindongli Turbocharger Co., Limited
Considered in this report
- Geography: Middle East Africa
- Historic Year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- Global Automotive Turbocharger market with its value and forecast along with segments
- Region-wise automotive turbocharger market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Strategic recommendation Regions covered in the report
- North America
- Asia Pacific
- Latin America
- Middle East Africa
Types of Technology in the report
- Variable Geometry Turbocharger
- Wastegate Turbocharger
- Electric Turbocharger
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- What is the market size and forecast of Global Automotive Turbocharger Market Outlook Report, 2027?
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Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
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- What are the major companies in Global Automotive Turbocharger Market Outlook Report, 2027?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
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Table of Contents
- Executive Summary
- Report Methodology
- Market Structure
3.1. Market Considerate
3.2. Market Definition
- Economic /Demographic Snapshot
- Global Automotive Turbocharger Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Technology Type
5.2.3. By Vehicle Type
5.2.4. By Fuel Type
5.2.5. By Sales Channel
5.2.6. By Country
5.2.7. By Company
- North America Automotive Turbocharger Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Technology Type
6.2.3. By Vehicle Type
6.2.4. By Fuel Type
6.2.5. By Sales Channel
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