Automotive Turbocharger Market Share

  • Report ID: 305
  • Published Date: Jun 13, 2025
  • Report Format: PDF, PPT

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.

Automotive Turbocharger Market Share

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive turbocharger is estimated at USD 16.34 billion.

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.

Asia Pacific is anticipated to hold largest industry share of 48% by 2034.

The key market players 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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