The report covers comprehensive information about market trends, volume (Units) and value (US$ Mn) projections, market dynamics, competition landscape, and recent developments regarding the global automotive turbochargers market for the study period 2018 to 2028.

The global automotive turbochargers market is expected to reach over US$ 22,777.0 Mn by the end of forecast period, registering a CAGR of 9.0%. According to the analysis, the demand for automotive turbochargers is expected to keep increasing and gain significant traction in the coming years. Increasing automotive turbochargers installations in gasoline engines, regulatory scenario, and healthy demand from the automotive industry are expected to reinforce the outlook of the global automotive turbochargers market.

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By Product Type, the Variable-geometry Technology segment dominates the Global Automotive Turbochargers Market

The three major types of automotive turbochargers covered in the research study are wastegate, variable-geometry technology and twin turbo type. Variable-geometry turbochargers are majorly installed in diesel commercial vehicles and passenger cars.

Furthermore, variable-geometry technology automotive turbochargers offer different aspect ratios (A/R ratio) for different engines. The aspect ratios for low-speed engines and high-speed engines are very different. A fixed geometry turbocharger aspect ratio is fixed so it can’t be used for all type of engines and therefore, variable-geometry turbochargers are used for maximum output.

The variable-geometry technology segment is estimated to gain 140 BPS between 2018 and 2028, owing to the strong demand from South East Asian Countries, Middle East & Africa and North America. The segment is estimated to be the most attractive among all its counterparts. It is expected to expand at a CAGR of 9.3% to reach US$ 15,817.7 Mn by the end of 2028.

Growing Demand for Engine Downsizing to optimize Vehicle Performance is slated to drive the growth of the Global Automotive Turbochargers Market

Efficient utilization of resources or raw materials, decreasing waste production and increasing efficiency are the key focus areas for manufacturers in the automotive turbochargers market. Automotive turbochargers help in increasing the power output of engines by allowing more air per intake to the combustion chamber of powertrains. As compared to the naturally-charged atmospheric pressure engines, automotive turbochargers are a more efficient and eco-friendly technology as they offer increased engine power without increasing piston displacement.

The above stated technology is termed as engine downsizing and helps in improving vehicle performance by reducing fuel consumption in IC engines. Furthermore, automotive turbocharger manufacturing companies are closely working with customers through partnership programs focused on fuel economy, engine downsizing and emission control. This may further lead to significant benefits, such as enhanced safety, lower prices, greener solutions and more fun drives.

North America and China are expected to steer the Global Automotive Turbochargers Market Growth in the Near Future

The North America automotive turbochargers market is expected to witness a trend of engine downsizing with the rising demand for gasoline engines from light trucks and passenger cars. The region is expected to shift towards smaller turbocharged engines from larger naturally-aspirated engines, with the current average size of 3.0 L six-cylinder. With the strong demand for light vehicles in North America, the manufacturers of automotive turbochargers are providing more twin-scroll turbo technology support.

On the other hand, China is estimated to impose tough carbon emission and fuel economy regulations on car manufacturers with wider adoption of electrification and development of gasoline turbocharged engines.

Outlook of the Automotive Turbochargers Market

Western Europe is expected to dominate the global automotive turbochargers market in terms of installations over total vehicle sales. China and North America are expected to gain traction over the forecast period, owing to the anticipated increase in adoption and installation in these regions. All other regions are expected to exhibit moderate growth in the same period.

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Automotive Turbochargers Market – Competitive Landscape

The global automotive turbochargers market is mostly consolidated where the top three players, i.e. Honeywell International Inc., BorgWarner Inc. and IHI Corporation, accounted for nearly an 83% market share by 2017 end.

In the recent past, the automotive turbochargers market has witnessed significant developments from a competition perspective. Product innovations, mergers, and acquisitions are some of the key preferred strategies opted by key players to sustain and enter in the global automotive turbochargers market.

In 2017, Honeywell introduced Garrett G Series turbochargers, which are developed with latest technologies in design, aerodynamics and materials to meet the aftermarket demand
In April 2018, BorgWarner Inc. introduced 17 new replacement turbochargers for automakers, positioning itself as a major supplier in the aftermarket channelrominent players covered in the automotive turbochargers market include Honeywell International Inc. (Garret Advancing Motion), BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co, Eaton Corporation plc, Weifang FuYuan Turbochargers Co., Ltd. and Mitsubishi Heavy Industries, among others.