Turbocharger Market Trends, Business Overview, Industry Growth and Forecast to 2031

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

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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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