Global automotive turbocharger market is anticipated to grow at a significant CAGR of 8.3% during the forecast period (2024-2031). Enhanced engine performance and fuel efficiency, government regulations, and engine downsizing to reduce vehicle weight are the key market drivers for the global market. The rise in demand for fuel-efficient engines and gasoline engines is expected to supplement the growth of the turbocharger market during the forecast period.
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Advancements in the Automotive Turbocharger Market
- In June 2023, the new X300-L series of Car turbos from Accelleron were introduced for two-stroke engines. The platform-based and simple-service concept combined with Accelleron’s Turbo Insights digital technology establishes a new standard for turbocharging and gives ship operators the flexibility to adapt.
- In June 2023, the Wuhan plant’s expansion was completed with the installation of Garrett Motion’s first high-speed automated production line for advanced Variable Nozzle Technology (VNT), which is utilized in turbo-passenger vehicles.
- In May 2023, Carrar partnered with Gentherm, a manufacturer of thermal management systems for automotive applications, along with a leader in temperature management for medical patients, to deliver two-phase immersion thermal management systems for Electric Vehicle (EV) battery modules that control liquid-level, vapor, and pressure simultaneously.
- In May 2021, the HOLSET M turbocharger, created especially for heavy-duty and off-highway applications, was introduced by Cummins Inc. It accommodates the requirements of various applications, it comes in a variety of sizes and configurations.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Industry
o By Technology Type
o By Fuel Type
o By Vehicle Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- BorgWarner, Inc., Continental AG, Cummins, Inc., Honeywell International, Inc., and Mitsubishi Electric Corp. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Turbocharger Market Report Segment
By Industry
- Automotive
- Aerospace & Defense
- Marine
- Agriculture & Construction
By Technology Type
- Variable Geometry Turbocharger/Variable Nozzle Turbine
- Wastegate Turbocharger
- Electric Turbocharger
By Engine Type
- Gasoline
- Diesel
- Alternate Fuel/CNG
By Sales Channel
- OEM
- Aftermarket
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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