Feb 6, 2024   SOURCE: BusinessWire

Global Automotive Turbocharger Market Outlook 2023-2036: Sales on the Rise as Owners Seek Improved Vehicle Performance with Asia-Pacific in Pole Position - ResearchAndMarkets.com

The "Global Automotive Turbocharger Market Outlook 2023-2036" report has been added to ResearchAndMarkets.com's offering.

The global automotive turbocharger market is anticipated to grow at a CAGR of 7.85% over the forecast period, i.e., 2024-2036. The market is estimated to garner a revenue of USD 30.9 billion by the end of 2036, up from a revenue of USD 11.6 billion in the year 2023.

The growing consumer demand for cars to use less fuel and emit fewer emissions, growing use of gasoline-powered vehicles, and new product launches by companies are the few factors that are driving the market growth.

The global automotive turbocharger market is segmented by type, component, fuel type, sales channel, vehicle type, and by region. On the basis of vehicle type, the market is segmented into passenger cars, heavy commercial vehicles, light commercial vehicles.

By the end of 2036, the passenger cars segment is anticipated to garner the largest revenue of around USD 21.9 billion, up from a revenue of nearly USD 8 billion in the year 2022. This industry has grown as a result of the rising demand for automotive turbochargers in passenger automobiles, which are widely used to increase engine performance and fuel economy.

On the basis of region, the global automotive turbocharger market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By the end of 2036, it is predicted that the Asia Pacific market would have the highest revenue of around USD 15 billion out of all the markets in the other areas.

Moreover, in the year 2023, the regional market generated a revenue of nearly USD 5 billion. The use of turbochargers has increased due to increased awareness of environmental issues and stricter emission regulations, as they help lower overall vehicle emissions. Automobile turbocharger aftermarket sales are growing as more owners look to improve the performance of their current cars.

Global Automotive Turbocharger Market Valuation, Business Viewpoint and Forecast, 2023-2036: Worldwide Factors Fostering the Industry Growth

Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036

  • Wastegate Turbocharger, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Variable Geometry Turbocharger, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Twin Turbo, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036

Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036

  • Compressor, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Turbine, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Central Hub Rotating Assembly (CHRA), Market Value (USD Million) Current and Future Projections, 2023-2036
  • Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Fuel Type, 2023-2036
  • Gasoline, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Diesel, Market Value (USD Million), Current and Future Projections, 2023-2036

Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Sales Channel, 2023-2036

  • OEM, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Aftermarket, Market Value (USD Million), Current and Future Projections, 2023-2036

Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Vehicle Type, 2023-2036

  • Passenger Cars, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Light Commercial Vehicles, Market Value (USD Million), Current and Future Projections, 2023-2036
  • Heavy Commercial Vehicles, Market Value (USD Million), Current and Future Projections, 2023-2036

Global Automotive Turbocharger Market Valuation, Business Viewpoint, and Forecast by Region, 2023-2036

  • North America, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Latin America, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Europe, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Japan, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036
  • Middle East & Africa, Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2023-2036

Comprehensive Analysis of Leading Players in the Market

  • Cummins Inc.
  • Rotomaster
  • Continental AG
  • BorgWarner Inc.
  • MITSUBISHI HEAVY INDUSTRIES Ltd.
  • Vitesco Technologies GmbH
  • IHI Corporation
  • Garrett Motion Inc.
  • Bullseye Power Turbo Chargers
  • Turbo Energy Private Limited (TEL)

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