openPR Logo
Press release

Automotive Turbocharger Market 2022 Regional Analysis, Future Scenario by 2030 | Top Vendors Cummins, BorgWarner, Honeywell International, Continental AG, IHI

01-05-2022 08:47 AM CET | Logistics & Transport

Press release from: Market Research Future

Automotive Turbocharger Market

Automotive Turbocharger Market

Automotive Turbocharger Market Overview

Automotive Turbocharger Market is anticipated to touch USD 24,223.3 Million at a 7.97% CAGR between 2017- 2023, states the latest Market Research Future’s (MRFR) Automotive Turbocharger Market forecast report. The strong market growth is due to the strict car emission regulations and the booming global automotive industry.

The automotive turbocharger industry is experiencing a high demand for the last few years and is estimated to experience significant growth in the forecasted period. Turbochargers are used in car engines to stop the extra amount of air flowing into the cylinder of the engine. These are responsible for boosting the horsepower of the engine without even increasing the weight of the vehicle. This is a great benefit of turbochargers, and so the demand for turbochargers has increased among people. This creates a huge opportunity for the market of turbochargers.

Governments across the world have taken strict policies in order to reduce the emissions from vehicles. Hence, the demand for turbochargers is likely to increase more in the coming years because turbochargers help in reducing the emissions caused by vehicles and increases fuel efficiency. However, the increase in the adoption of electric cars due to the stringent emission standards can restrain the growth of the market.

Get free sample pdf @

The global automotive turbocharger market size is estimated to show a huge expansion in the coming years due to the growth that is expected at a valuation of USD 24,223.3 million at a CAGR of 7.97%. This market growth is estimated based on the sudden increase in the global automotive industry and the strict regulations imposed on the emission of vehicles.

Market Segmentation

The automotive turbocharger market is segmented on the basis of material, application, and type. On the basis of materials, the automotive turbocharger market is further segmented into aluminum, cast iron, and other such materials. On the basis of application, the market is segmented into passenger vehicles and commercial vehicles. The segment of passenger vehicles is expected to lead the automotive turbocharger industry during the forecast period.

The need for passenger vehicles is increasing with the rise in the population rate of the countries. Based on type, the market of the automotive turbocharger is further segmented into gasoline, diesel, and new energy engine. Among these, the segment of gasoline is going to be leading in the automotive turbocharger market due to its value and volume. There has been a significant increase in the demand for passenger vehicles which is adding to the automotive turbocharger market growth of the gasoline segment.

Speak to Analyst @

Regional Overview

Geographically, the automotive turbocharger market size is segmented into five major regions. They are the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa. Among these, the Asia Pacific region is expected to lead the automotive turbocharger industry during the forecast period. Due to the large population of China and India, the demand for cars is increasing, which in turn is increasing the production of the cars. The rise in disposable income, strict regulations in vehicle emission, and high demand for diesel passenger cars in India are boosting up the growth of the market. North America is also expected to hold the second position in the automotive turbocharger market trends due to the growing demand for passenger vehicles and the adoption of turbochargers in the engines.

Industry News

The sudden outbreak of the COVID-19 pandemic has affected the automotive turbocharger market growth immensely. The spread of the virus has led to a halt in the supply chain, which created a huge gap between demand and supply. However, the lifting of the lockdowns in a few countries is allowing the companies to resume their work with safety measures in order to make sure that the supply chain is no more disrupted. The reopening of the market operations will soon boost the sales of cars linked with turbochargers which in turn will increase the automotive turbocharger market share.

Browse complete report @

Table Of Content

1 Executive Summary

2 Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Assumptions 15

2.4 Market Structure 16

3 Research Methodology

3.1 Research Process 17

3.2 Primary Research 17

3.3 Secondary Research 18

3.4 Market Size Estimation 18

3.5 Forecast Model 20

4 Market Dynamics

4.1 Drivers 21

4.1.1 Continuous Growth In Global Automotive Industry 21

4.1.2 Sales Of Vehicle, 2012-2020 22

4.1.3 Stringent Vehicle Emission Regulations 22

4.2 Restraint 22

4.2.1 Availability Of Cheap Conventional Technologies 22

4.3 Opportunities 22

4.3.1 Increased Investment In Turbocharger Development Technologies 22

5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis 23

5.2 Porter's Five Forces Analysis 23

5.2.1 Threat Of New Entrants 23

5.2.2 Bargaining Power Of Suppliers 24

5.2.3 Bargaining Power Of Buyers 24

Ask for your specific company profile and country level customization on reports.

Request for Customization @

Also Read More From MRFR:    
Automotive Semiconductor Market
Ball Bearing Market
3D Printing in Automotive Market
All-Terrain Vehicle Market

Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America 
Phone: +1 628 258 0071(US)  
+44 2035 002 764(UK)

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Turbocharger Market 2022 Regional Analysis, Future Scenario by 2030 | Top Vendors Cummins, BorgWarner, Honeywell International, Continental AG, IHI here

News-ID: 2517567 • Views: 385

More Releases from Market Research Future

Silo Bags Market 2020-2026 | Top Trends and Key Players Analysis Report
Transparency Market Research delivers key insights for the silo bags market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2026. In terms of growth, the global silo bags market is projected to witness growth of 6% by the end of 2026, owing to the benefit of storing grains for a long time, and providing protection against insects. Access Complete Report of Silo Bags
Farm Tractor Market to Grow at a CAGR of 3.88 from 2019 to 2027 | Industry Trend …
A farm tractor is a special designed vehicle with large rear tyres for use in agricultural soil. Farm tractors are powered by either gasoline or diesel. Farmers are under pressure to equip them with advanced automated agricultural technology as the world's population grows, as does the demand for food. As a result, there is a high demand for farm tractors, thereby indicating a high sales growth for the farm tractors
Automotive Antenna Market | Deep Research Study with Forecast to 2027
The global automotive antenna market is anticipated to expand at a CAGR of ~4% during the forecast period, owing to a rise in the demand for connected vehicles and related technology in vehicles across the globe. Advent of connected vehicles and automatic systems has increased the number of automotive antennas used per vehicle. The automotive antenna market is presently focused on several multiple functions, including remote-less entry, navigation, telematics, tire pressure
Pickup Truck Market 2020 - 2030 | Current Insight with Future Aspect Analysis
According to the report, the global pickup truck market is projected to reach US$ 950 Bn by 2030, expanding at a CAGR of ~2% during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in

All 5 Releases

More Releases for Automotive

Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Global Automotive Windshield Market
“Global Automotive Windshield Industry 2021 Market Research Report” Purchase This Report by calling at +1-888-631-6977. Windshields, also known as windscreens, are curved glasses placed in the front of a vehicle to protect the occupant from the wind and road debris such as mud and dust. It also enhances the aerodynamics of the vehicle. Technavio’s analysts forecast the global automotive windshield market to grow at a CAGR of 4.64% during the period
Automotive Market Outlook 2016
This document is a series of scorecards for major Automotive markets which review historic (2011-2015), short term (2016-2020) and medium/long term (2021-2030) performance of light vehicle sales in the markets covered by the Automotive system. A ranking from 1 to 10 is assigned to each macro and micro driver that impact demand, which is multiplied by a score ranging from +5 (positive) to -5 (negative) for the three time periods,
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM