Automotive Turbocharger Market Size & Share, by Type (Wastegate Turbocharger, Variable Geometry Turbocharger, Twin Turbo); Component (Compressor, Turbine, Central Hub Rotating Assembly {CHRA}); Fuel Type (Gasoline, Diesel); Sales Channel (OEM, Aftermarket); Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 305
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Automotive Turbocharger Market size was over USD 15.17 billion in 2024 and is poised to exceed USD 36.12 billion by the end of 2037, growing at over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive turbocharger is estimated at USD 16.01 billion.

The market for automotive turbochargers has grown significantly in recent years, mostly because people are choosing higher-performance cars and there are lower emission regulations. In addition to giving the car more power, turbochargers are also referred to as "free power" sources because they run without using the engine. The total number of passenger vehicles sold rose from 30,69,523 to 38,90,114. In comparison to the prior year, sales of passenger cars grew from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units in FY-2022-2023.

In addition to these, today's newest cars are increasingly more likely to have turbochargers, mostly due to increased government fuel economy regulations. Since their introduction a century ago, turbochargers have seen substantial technological and scientific development. Rather than depending on exhaust gases to spin the compressor wheel, they employ an electric motor. In addition to reducing turbo lag and offering an instant boost at low engine speeds, electric turbochargers can enhance engine response.


Automotive Turbocharger Market overview
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Automotive Turbocharger Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Consumer Demand for Cars to Use Less Fuel and Emit Fewer Emissions- Automakers who are trying to meet strict emissions and fuel economy rules find turbochargers appealing because they force more air into the combustion chamber, improving engine efficiency and reducing emissions. Turbochargers increase engine efficiency, which reduces emissions. Compressed air that enters the engine facilitates greater fuel and air mixing, which results in more thorough and clean burning. As a result, less pollution, including CO2 and NOx, is released into the atmosphere, which harms the ecosystem and increases air pollution and global warming. The average passenger automobile emits 4.6 metric tons of CO2 annually, according to EPA figures. About 8,887 grams of CO2 are released for every gallon of petrol used. With turbocharging, manufacturers may lower engine sizes and consequently emissions without sacrificing the power and performance that consumers demand.
  • Growing Use of Gasoline-Powered Vehicles Contributes to The Market's Expansion- Due to their excellent performance and minimal CO2 emissions, diesel engines have become the preferred fuel option for automakers. On the other hand, because modern gasoline-powered cars are more popular and have improved in providing comparable benefits, the percentage of new registrations for diesel vehicles has been steadily declining for some years. Over the course of the projected period, this trend is anticipated to build considerable speed. According to estimates, roughly 50% of automobiles sold might have turbochargers, and growth in that percentage is anticipated to continue. The trend of using diesel engines with turbochargers to increase engine performance and fuel efficiency is gradually shifting. Given the environmental regulations, the automotive turbocharger market has benefited from the gradual change in revenue from diesel turbochargers to petrol superchargers.
  • New Product Launch by Companies is a Significant Trend in Automotive Turbocharger- In an effort to assist engine manufacturers in adhering to emission regulations, Cummins introduced the seventh generation of its 400 series Variable Geometry Turbocharger (VGT). In comparison to the company's prior turbochargers, the new VGT series boasts 5% greater turbocharger efficiency. Cummins is committed to creating new technology while also advancing its current ones. The 8th generation HE400VGT, which is primarily designed to provide best-in-class performance, dependability, and durability for the 10-15L heavy-duty vehicle market, is another product that the business plans to introduce.

Challenges

  • The Rise of Vehicle Turbochargers is Impacted by Installation Hazards and Turbo Lag- Cars with turbocharger systems are subject to a market constraint known as turbo lag. It is distinguished by the time it takes to reach the combustion chamber's maximum pressure before the vehicle's full performance potential is realized. Racing situations demand precise timing in order to avoid premature turbo lag, which can lead to a loss of control, particularly in tight corners when tire grip is already reduced. When turbocharger systems are installed incorrectly, the engine they are attached to may sustain serious damage. The air supply capacity of turbochargers is commonly measured in pounds per square inch (PSI) and used to evaluate them.
  • Because more parts are susceptible to wear and tear over time, turbocharged engines may require more maintenance than non-turbocharged engines.
  • Higher octane fuel, which can cost more than standard fuel, might be necessary for a turbocharged engine.

Automotive Turbocharger Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 15.17 billion

Forecast Year Market Size (2037)

USD 36.12 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Automotive Turbocharger Segmentation

Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles)

Automotive turbocharger market share from the passenger cars segment is expected to cross 70% by 2037. In passenger cars, turbochargers are frequently utilized to improve engine performance and fuel economy. A lot of automakers equip their cars with turbocharging technology to increase power output without sacrificing fuel efficiency. It is anticipated that the number of people who drive passenger cars worldwide will almost quadruple to two billion by 2040.

Fuel Type (Gasoline, Diesel)

The gasoline geometry turbocharger segment in the automotive turbocharger market is the largest and is set to reach 83% revenue share by 2037. Because they increase engine efficiency and power production, turbochargers are essential for improving the performance of gasoline-powered cars. Variable geometry (VG) solutions will be essential for many future petrol applications as European emission standards continue to push the limit. Fuel efficiency can be greatly increased by continually adjusting the turbine operating point throughout all engine operating points with a VG system. Moreover, MHI has created technologies like twin scroll and dual entry turbines for gasoline-powered cars that drastically minimize turbo lag. By striking a balance between performance and environmental impact, turbochargers play a crucial role in assisting petrol engines in meeting increasingly strict emission laws. The market is characterized by a highly competitive environment, with major competitors consistently funding research and development to bring forth advances in turbocharging specifically designed for gasoline-powered cars.

Our in-depth analysis of the global automotive turbocharger market includes the following segments:

Type

  • Wastegate Turbocharger
  • Variable Geometry Turbocharger
  • Twin Turbo

Component

  • Compressor
  • Turbine
  • Central Hub Rotating Assembly (CHRA)

Fuel Type

  •  Gasoline
  • Diesel

Sales Channel

  • OEM
  • Aftermarket

Vehicle Type

  • Passenger Cars
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles

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Automotive Turbocharger Industry - Regional Synopsis

APAC Market Forecast

The automotive turbocharger market share in Asia Pacific is projected to surpass 48% by the end of 2037. The improving socioeconomic conditions and the increasing production of passenger and commercial vehicles in nations like China and India are driving the current market's notable rise in the area. Manufacturers of turbochargers have found China to be a sizable market in recent years. When they delivered their 20 millionth turbocharger in China, Garrett Motion declared in 2020 that they had reached a significant milestone. Moreover, the manufacturing of passenger cars in China has increased significantly in recent years, which is expected to have a beneficial impact on the market for automotive turbochargers. China's total passenger car production in 2021 was 21.408 million units, according to the China Association of Automobile Manufacturers (CAAM).

North America Market Statistics

The North America automotive turbocharger market share is projected to surpass 22% by 2037.  The market for automotive turbochargers will be impacted by developments in battery-powered vehicle technology as well as the increased inclination of consumers toward electric vehicles in the region. Zero-emission car adoption is accelerating due to different governments' favorable incentives and increased emphasis on eco-friendly transportation and sustainable mobility. The swift adoption of electric vehicles is causing a threat to traditional turbocharged petrol and diesel-powered cars. The obstacles will be surmounted, though, by growing consumer demand for small-displacement SUVs and crossovers in the North America region.

Research Nester
Automotive Turbocharger Market share
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Companies Dominating the Automotive Turbocharger Landscape

    • Turbonetics, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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)

In the News

  • Continental extended its line of turbochargers for the aftermarket – BMW, MINI, and brands of the VW group. Continental is now providing the independent spare parts market with more high-efficiency turbochargers that are identical to those installed by manufacturers. In addition to those for Ford, it is supplying products for marques and models of the Volkswagen Group. These include Audi A3, Audi Q2, Seat Ateca, Seat Leon, Skoda Octavia, Skoda Kodiaq, VW Passat, and VW Tiguan, to name just a few.
  • A global designer, developer, producer, and distributor of timing drive systems and components for the automotive aftermarket, Cloyes Gear & Products, Inc. ("Cloyes"), strategically purchased Rotomaster. Because of their combined wealth of knowledge as Tier One aftermarket suppliers, Cloyes and Rotomaster will greatly benefit from one another's growing businesses. Furthermore, because Rotomaster serves more than 75% of addressable cars already in operation (VIO), Cloyes' clientele will grow even further.

Author Credits:  Saima Khursheed


  • Report ID: 305
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive turbocharger is estimated at USD 16.01 billion.

The automotive turbocharger market size was over USD 15.17 billion in 2024 and is poised to exceed USD 36.12 billion by the end of 2037, growing at over 6.9% CAGR during the forecast period i.e., between 2025-2037. Increasing choices of people for higher-performance cars and lower emission regulations will drive the market growth.

Asia Pacific industry is likely to hold largest revenue share 48% by 2037, due to improving socioeconomic conditions along with increasing production of passenger and commercial vehicles in nations like China and India.

The major players in the market are Cummins Inc., Rotomaster, Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Vitesco Technologies GmbH, IHI Corporation, Garrett Motion Inc., Bullseye Power Turbo Chargers, and Turbo Energy Private Limited (TEL).
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