The global Automotive Turbocharger Market had a valuation of USD 16.6 million in 2022 and is anticipated to achieve a value of USD 28.05 million by 2032, with a projected revenue compound annual growth rate (CAGR) of 6% over the forecast period. Several factors, such as the increasing demand for fuel-efficient automobiles, the need for enhanced engine performance, and government regulations aimed at reducing emissions, play a significant role in propelling the market's revenue expansion.

Given the escalating costs of fuel and growing environmental concerns, there is an increasing request for vehicles that offer improved fuel efficiency. Turbochargers play a pivotal role in elevating engine performance and boosting power output, ultimately leading to more efficient fuel consumption. Moreover, the market for turbochargers is being stimulated by the pursuit of superior engine performance. Turbochargers are employed across a range of vehicle types, including passenger cars, heavy-duty trucks, and off-road machinery, to enhance engine power and torque.

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Competitive Landscape:

  • BorgWarner Inc.
  • Cummins Inc.
  • Honeywell International Inc.
  • IHI Corporation
  • Mitsubishi Heavy Industries Ltd.
  • Continental AG
  • Eaton Corporation
  • Robert Bosch GmbH
  • ABB Ltd.
  • Garrett Advancing Motion
  • Mahle GmbH

Drivers of Automotive Turbocharger Market

  • Stringent Emission Regulations: As governments worldwide continue to tighten emissions standards, automakers are increasingly turning to turbochargers to reduce emissions and improve fuel efficiency. Turbochargers enable smaller, more efficient engines to produce the same or even more power, thereby reducing CO2 emissions.
  • Fuel Efficiency: Turbochargers help improve the fuel efficiency of both gasoline and diesel engines. This is particularly important as fuel economy requirements become more stringent, and consumers demand vehicles that consume less fuel.
  • Growing Automotive Industry: The global automotive industry's growth, especially in emerging markets like China and India, drives the demand for turbochargers. As more vehicles are manufactured, the demand for turbochargers increases.
  • Performance Enhancement: Many car enthusiasts and consumers seek vehicles with improved performance. Turbochargers can provide a significant boost in horsepower and torque, making them attractive for sports and high-performance cars.

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

 

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Further market segmentation

Vehicle Type Outlook:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Technology Type Outlook:

  • Single Turbo
  • Twin Turbo
  • Electric Turbo

Fuel Type Outlook:

  • Gasoline
  • Diesel

 

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