Global Automotive Turbocharger Market Size-Forecast to 2026
As per the research conducted by GME, the Global Automotive Turbocharger Market is estimated to be valued at USD 16.44 billion in 2021 and is projected to reach USD 25.41 billion by 2026 at a CAGR of 9.1%. The growing demand for fuel-efficient automobiles and the enforcement of government laws for emission management are all contributing to the overall market's expansion.
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Automotive Turbocharger Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/global-automotive-turbocharger-market-3305
By Fuel Type (Diesel, Gasoline, Alternate Fuel/CNG), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicle), By Technology (Variable Geometry Turbocharger (VGT/VNT), Wastegate Turbocharger, Electric Turbocharger), By Sales Channel (Original Equipment Manufacturer and Aftermarket), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis; By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• A significant growth aspect is a continual surge in the development & supply of lightweight & heavy vehicles around the world as a result of rapid urbanization.
• The prominence of the gasoline fuel type segment is a result of the deployment of Turbocharged Gasoline Direct Injection Engines (TGDI).
• The emergence of fuel cell technology in the passenger vehicle type segment is likely to accelerate the turbocharger market.
• Elevated air-fuel proportion & apex torque at low engine speeds, leads to the supremacy of variable geometry turbocharger (VGT/VNT).
• Long-term guarantees and solutions by turbocharger producers are responsible for the prominence of the aftermarket sales channel segment.
• Europe is foreseen to predominate because the leading automobile corporations in the world are based in European nations.
• Turbo International, Turbonetics, Honeywell, BorgWarner, Turbocharger Co. Ltd., MHI, IHI, Continental, Bosch Mahle, Cummins, ABB, among others, are the core players in the market.
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Fuel Type Outlook (Revenue, USD Billion, 2021-2026)
• Diesel
• Gasoline
• Alternate Fuel/CNG
Vehicle Type Outlook (Revenue, USD Billion, 2021-2026)
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicle Gasoline
Technology Outlook (Revenue, USD Billion, 2021-2026)
• Variable Geometry Turbocharger (VGT/VNT)
• Wastegate Turbocharger
• Electric Turbocharger Industrial
Sales Channel Outlook (Revenue, USD Billion, 2021-2026)
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
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