$26+ Billion Automotive Turbocharger Market Forecast Report, 2019-2027

DUBLIN, Nov. 26, 2019 /PRNewswire/ -- The "Automotive Turbocharger Market by Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Fuel Type, On-Highway Vehicles (Passenger Car, LCV, Truck & Bus), OHV (Agriculture, Construction), Aftermarket and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

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The global automotive turbocharger market is projected to reach USD 26,350 million by 2027 from USD 12,461 million in 2019, at a CAGR of 9.8%.

The automotive turbocharger market is dominated by a few global players and several regional players. Some of the key players in the automotive turbocharger market are Garrett Motion (Switzerland), Continental AG (Germany), BorgWarner (US), and IHI (Japan).

Growing stringency in emission regulations and speculated increase in gasoline turbocharger demand are projected to drive the automotive turbocharger market globally.

The growth of the automotive turbocharger market is influenced by factors such as upcoming regulation in Asian countries such as China and India, increased production of mild-hybrid vehicles, and increased popularity of TGDI among others. Some of the market restraining factors are the declining share of diesel vehicles, a recent decline in global vehicle production, and possible shift towards electric cars.

Aluminum is estimated to be the fastest-growing material for turbochargers

The automotive turbocharger consists of various components like turbine, turbocharger housing, compressor housing, bearings, and turbocharger shaft. Cast Iron, Aluminum, Stainless Steel, Nickel-based alloys, Titanium-alloys are the essential materials used for the manufacturing of turbochargers. The durability of turbocharger components at high temperatures depends upon the type of material been used for it. Owing to the light-weighting trend, and the benefits offered by Aluminum over cast iron, the demand for Al is estimated to be the largest in the coming years.

Passenger car segment is estimated as the largest market for turbocharger.

Passenger cars is the major market for turbochargers in the vehicle segment considering the overall production globally. According to ACEA, the passenger car production hit 79 million in 2018 and is expected to go beyond 100 million by 2024-2025, with Asia Pacific and North America being the leading regions. In 2018, Asia Oceania passenger car production was around 43.4 million units as compared to 44.8 million units in 2017. In 2018, the Asia Oceania region accounted for 61.5% of the global passenger car production, whereas China accounted for 33.3% of the global passenger car production, which makes Asia Oceania is the largest market for turbochargers.

Asia Oceania to dominate the automotive turbocharger market.

Asia Oceania is estimated to be the largest market for automotive turbochargers. The automotive industry has changed the landscape of the Asia Pacific region. Increased production of automobiles, the presence of key players such as IHI, continental AG, Mitsubishi heavy industries, BorgWarner have broadened the scope for turbochargers in this region. China's passenger car production is estimated to cross 24 million by 2024, with 50% of them already equipped with TGDI now will expand the turbocharger market. Other emerging economies stress on cleaner vehicles such as Mild hybrid vehicles, and stringent emission norms will positively impact the turbocharger industry in the future.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Automotive Turbocharger Market, Premium Insights
4.1 Attractive Opportunities in the Automotive Turbocharger Market
4.2 Automotive Turbocharger Market, By Technology
4.3 Automotive Turbocharger Market, By Fuel Type
4.4 Automotive Turbocharger Market, By Vehicle Type
4.5 Automotive Turbocharger Market, By Material
4.6 Automotive Turbocharger Market, By Off-Highway Vehicles
4.7 Automotive Turbocharger Market, By Region
4.8 Automotive Turbocharger Aftermarket

5 Market Overview
5.1 Introduction
5.2 Years Considered for the Study
5.3 Currency and Pricing
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Decrease in Emission Limits in Upcoming Emission Regulations
5.4.1.2 Increased Demand for Passenger Car Gasoline Engines
5.4.2 Restraints
5.4.2.1 Higher Maintenance Cost and More Cooling Oil Requirements
5.4.2.2 Decrease in Vehicle Production in the Last Few Years
5.4.3 Opportunities
5.4.3.1 Electric Turbochargers Will Give a Boost to the Future Demand for Turbochargers
5.4.4 Challenges
5.4.4.1 Turbo Lag
5.4.4.2 Durable, Temperature Resistant, Economical Materials for Turbochargers
5.5 Revenue Shift for the Turbocharger Manufacturers
5.6 Automotive Turbocharger Market, Scenarios (2017-2027)
5.6.1 Automotive Turbocharger Market, Most Likely Scenario
5.6.2 Automotive Turbocharger Market, Optimistic Scenario
5.6.3 Automotive Turbocharger Market, Pessimistic Scenario

6 Automotive Turbocharger Market, By Vehicle Type
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumptions
6.1.3 Global Vehicle Production Data
6.2 Passenger Cars
6.2.1 Increasing Passenger Car Production Will Boost the Turbocharger Market in Asia Pacific and Europe
6.3 Light Commercial Vehicles
6.3.1 Increasing Trend of Turbocharger Application in LCV Will Boost the Growth of the North America Market
6.4 Truck
6.4.1 Growth in Construction, Infrastructure & Transportation Sectors to Drive the Automotive Turbocharger Demand
6.5 Bus
6.5.1 Increasing Demand for Public and Private Transportation to Boost the Market for Buses in Asia

7 Automotive Turbocharger Market, By Fuel Type
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions
7.1.3 Industry Insights
7.2 Diesel
7.2.1 Increasing Stringent Emission Norms Will Impact the Automotive Turbocharger Market
7.3 Gasoline
7.3.1 Increasing Demand From Europe Will Drive the Market for Gasoline Vehicles
7.4 Alternate Fuel/CNG
7.4.1 Subsidized Price and Environmental Benefits Will Help CNG Vehicles to Grow

8 Automotive Turbocharger Market, By Technology
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 Variable Geometry Turbocharger (VGT/VNT)
8.2.1 Demand for High Efficiency and Low Carbon Emission Technology Will Drive the Variable Geometry Turbocharger Market
8.3 Wastegate Turbocharger
8.3.1 Increasing Demand for Small Cars in Asia Pacific Will Drive the Wastegate Turbocharger Market
8.4 Electric Turbocharger
8.4.1 Use of 48v Architecture in Future Cars and Plug-In Hybrid Will Drive the Electric Turbocharger Market
8.5 Variable Twin Scroll Turbocharger
8.6 Twin Turbocharger
8.6.1 Two Stage Series Turbocharger
8.6.2 Two Stage Parallel Turbocharger
8.6.3 Twin Scroll Turbocharger
8.7 Free-Floating Turbocharger
8.8 Double Axle Turbocharger
8.9 Market Leaders

9 Automotive Turbocharger Market, By Material
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions
9.1.3 Industry Insights
9.2 Cast Iron
9.2.1 Demand for Cost-Effective and Heat Resistant Material Will Help the Cast Iron Market to Grow
9.3 Aluminum
9.3.1 Use of Aluminum Turbine Housing in Ldv Will Increase in Future
9.4 Other Materials
9.4.1 Use of Other Materials in Performance Cars Will Drive the Turbocharger Market

10 Automotive Turbocharger Market, By Components
10.1 Introduction
10.1.1 Industry Insights
10.2 Turbine
10.3 Compressor
10.4 Housing

11 Off-Highway Turbocharger Market, By Industry
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions
11.1.3 Industry Insights
11.2 Agriculture Tractor
11.2.1 Increasing Demand for High-Performance Power Tractor Will Drive the Demand for Automotive Turbocharger
11.3 Construction Equipment
11.3.1 Growth in Construction & Infrastructure Activities in Asia Pacific and North America Will Drive the Market

12 Automotive Turbocharger Aftermarket, By Vehicle Type
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions
12.1.3 Industry Insights
12.2 Light Commercial Vehicle (LCV)
12.2.1 Increasing Adoption of Turbocharger for LCV in North America Will Boost the Demand in Future
12.3 Heavy Commercial Vehicle (HCV)
12.3.1 HCV Will Lead the Market, Due to the High Miles Driven Compare With the LCV's

13 Automotive Turbocharger Market, By Region
13.1 Introduction
13.1.1 Research Methodology
13.1.2 Assumptions/Limitations
13.1.3 Industry Insights
13.2 Asia Pacific
13.2.1 Asia Pacific Vehicle Production Data
13.2.2 Increase in Passenger Car Sales Will Drive the Market
13.2.3 China
13.2.3.1 China Vehicle Production Data
13.2.3.2 Emission Norms, Popularity of TGDI Will Drive the Market
13.2.4 India
13.2.4.1 India Vehicle Production Data
13.2.4.2 Increase in Gasoline Vehicles Will Drive the Market
13.2.5 Japan
13.2.5.1 Increasing use of TGDI Engine Will Drive the Market
13.2.5.2 Increased Production of Hev Will Drive the Market
13.2.6 South Korea
13.2.6.1 South Korea Vehicle Production Data
13.2.6.2 Emission Norms, Shift Towards Gasoline Will Drive the Market
13.2.7 Thailand
13.2.7.1 Thailand Vehicle Production Data
13.2.7.2 Stringent Emission Norms to Drive the Market
13.2.8 Indonesia
13.2.8.1 Indonesia Vehicle Production Data
13.2.8.2 Availability of High-Quality Gasoline, Government Incentives to Promote Clean Transportation Will Drive the Market
13.2.9 Rest of Asia Pacific
13.2.9.1 Rest of Asia Pacific Vehicle Production Data
13.2.9.2 Stringent Emission Norms, Growing Economy Will Drive the Market
13.3 Europe
13.3.1 Europe Vehicle Production Data
13.3.2 Stringent Emission Limits Will Drive the Market
13.3.3 Germany
13.3.3.1 Germany Vehicle Production Data
13.3.3.2 Emission Norms, Shift Toward Gasoline Vehicles Will Drive the Market
13.3.4 France
13.3.4.1 France Vehicle Production Data
13.3.4.2 Production of Mild Hybrid Vehicles, Ban on Diesel Vehicles Will Drive the Market
13.3.5 UK
13.3.5.1 UK Vehicle Production Data
13.3.5.2 Lenient Gasoline Emission Norms Will Drive the Market
13.3.6 Spain
13.3.6.1 Spain Vehicle Production Data
13.3.6.2 Increased Sales of Gasoline Vehicles Will Drive the Market
13.3.7 Italy
13.3.7.1 Italy Vehicle Production Data
13.3.7.2 Government Subsidies, Mild Hybrid Vehicles Will Drive the Market
13.3.8 Russia
13.3.8.1 Russia Vehicle Production Data
13.3.8.2 Stringent Emission Norms, Popularity of Ngv Will Drive the Market
13.3.9 Turkey
13.3.9.1 Turkey Vehicle Production Data
13.3.9.2 Reduced Emission Limits for Diesel Vehicles Will Drive the Market
13.3.10 Poland
13.3.10.1 Growing Production of Heavy-Duty Vehicles, Presence of Key Players Will Drive the Market
13.3.11 Slovakia
13.3.11.1 Stringent Emission Norms, Increased Production of Passenger Cars Will Drive the Market
13.3.12 Rest of Europe
13.3.12.1 Rest of Europe Vehicle Production Data
13.3.12.2 Stringent Emission Norms, Growing Economy Will Drive the Market
13.4 North America
13.4.1 North America Vehicle Production Data
13.4.2 Increasing Demand for TGDI Will Drive the Market
13.4.3 US
13.4.3.1 US Vehicle Production Data
13.4.3.2 Increasing Adaption of TGDI Engine And, Stringent Emission Norms Will Drive the Market
13.4.4 Canada
13.4.4.1 Canada Vehicle Production Data
13.4.4.2 Demand for Higher Fuel Economy Will Drive the Market
13.4.5 Mexico
13.4.5.1 Mexico Vehicle Production Data
13.4.5.2 Rising Fuel Prices, Stringent Emission Norms Will Drive the Market
13.5 RoW
13.5.1 RoW Vehicle Production Data
13.5.2 Growing Economy, Stringent Emission Norms Will Drive the Market
13.5.3 Brazil
13.5.3.1 Brazil Vehicle Production Data
13.5.3.2 Increased Sales of Diesel Vehicles, Mild Hybrid Vehicles Will Drive the Market
13.5.4 Argentina
13.5.4.1 Argentina Vehicle Production Data
13.5.4.2 Shift Toward Alternate Fuels Will Drive the Market
13.5.5 Iran
13.5.5.1 Iran Vehicle Production Data
13.5.5.2 Stringent Emission Norms, Exploration of Natural Gas Reserves Will Drive the Market
13.5.6 South Africa
13.5.6.1 South Africa Vehicle Production Data
13.5.6.2 Increased Popularity of TGDI, Presence of Key Players Will Drive the Market
13.5.7 Others
13.5.7.1 Others Vehicle Production Data
13.5.7.2 Push Toward Cleaner Transportation Will Drive the Market

14 Recommendations
14.1 Asia Pacific Will be the Major Market for Automotive Turbocharger
14.2 Electric Turbocharger Can be a Key Focus for Manufacturers
14.3 Conclusion

15 Competitive Landscape
15.1 Overview
15.2 Automotive Turbocharger Market: Market Ranking Analysis
15.3 Competitive Scenario
15.3.1 New Product Developments
15.3.2 Expansions
15.3.3 Competitive Leadership Mapping
15.3.4 Visionary Leaders
15.3.5 Innovators
15.3.6 Dynamic Differentiators
15.3.7 Emerging Companies
15.4 Competitive Leadership Mapping: Turbocharger Manufacturers
15.4.1 Strenght of Product Portfolio
15.4.2 Business Strategy Excellence
15.5 Competitive Leadership Mapping: Component Suppliers
15.5.1 Strength of Product Portfolio
15.5.2 Business Strategy Excellence
15.6 Right to Win

16 Company Profiles
16.1 Key Players
16.1.1 Honeywell
16.1.2 Continental AG
16.1.3 Borgwarner
16.1.4 Mitsubishi Heavy Industries
16.1.5 IHI
16.1.6 Bmts Technology
16.1.7 Cummins
16.1.8 ABB
16.1.9 TEL
16.1.10 Delphi Technologies
16.2 Additional Company Profiles
16.2.1 North America
16.2.1.1 Rotomaster International
16.2.1.2 Precision Turbo & Engine Inc.
16.2.1.3 Turbonetics Inc.
16.2.1.4 Turbo International
16.2.2 Europe
16.2.2.1 Kompressorenbau Bannewitz GmbH
16.2.2.2 Turbo Dynamics Ltd.
16.2.2.3 Cimos
16.2.3 Asia-Pacific
16.2.3.1 Calsonic Kansei
16.2.3.2 Weifang Fuyuan Turbocharger Co. Ltd.
16.2.3.3 Hunan Tyen Machinery Co. Ltd.
16.2.3.4 Ningbo Motor Industrial Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/gusstd

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