Automotive Turbocharger Market Outlook:
Automotive Turbocharger Market size was valued at USD 15.42 billion in 2024 and is set to exceed USD 30.33 billion by 2034, registering over 7% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of automotive turbocharger is estimated at USD 16.34 billion.
Key Automotive Turbocharger Market Insights Summary:
Asia Pacific is expected to contribute more than 48% to the overall automotive turbocharger market share by the end of 2034.
The North America automotive turbocharger market share is forecasted to exceed 22% by 2034.
By 2034, the gasoline geometry turbocharger segment is anticipated to capture an 83% revenue share.
The passenger cars segment is projected to account for over 70% of the automotive turbocharger market share by 2034.
Key Growth Trends:
- Growing Consumer Demand for Cars to Use Less Fuel and Emit Fewer Emissions
- Growing Use of Gasoline-Powered Vehicles Contributes to The Market's Expansion
Key Players:
- 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).
Market Size and Growth Projections:
- 2024 Market Size: USD 15.42 billion
- 2025 Market Size: USD 16.34 billion
- Projected Market Size: USD 30.33 billion by 2034
- Growth Forecasts: 7% CAGR (2025-2034)
- Largest Region: Asia Pacific (48% Share by 2034)
- Fastest Growing Region: Asia Pacific
The market growth is 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.
Moreover, 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 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 Size and Forecast:
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2034 |
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CAGR |
7% |
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Base Year Market Size (2024) |
USD 15.42 billion |
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Forecast Year Market Size (2034) |
USD 30.33 billion |
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Regional Scope |
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Automotive Turbocharger Market Segmentation:
Vehicle Type Segment Analysis
Automotive turbocharger market share from the passenger cars segment is expected to cross 70% by 2034. 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 Segment Analysis
The gasoline geometry turbocharger segment in the automotive turbocharger market is set to reach 83% revenue share by 2034. 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:
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Vishnu Nair
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Automotive Turbocharger Market Regional Analysis:
APAC Market Insights
The automotive turbocharger market share in Asia Pacific is projected to surpass 48% by the end of 2034. The improving socioeconomic conditions and the increasing production of passenger and commercial vehicles in nations like China and India are driving the market expansion. 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 positive 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 Insights
North America automotive turbocharger market share is expected to surpass 22% by 2034. 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.
Key Automotive Turbocharger Market Players:
- 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)
Recent Developments
- 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: Jun 13, 2025
- Report Format: PDF, PPT
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Automotive Turbocharger Market Report Scope
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