The global automotive turbocharger market is anticipated to grow at a 10.1%CAGR during 2021-2027 owing to improved engine power along with rising fuel economy which supports the adoption of turbochargers in ICE vehicles. Furthermore, strict emission norms and rising adoption of TGDI (Turbocharged Gasoline Direct Injection) technology, rising demand for vehicles with high power output, increased investment, and R&D activities to develop e-turbocharger will fuel the growth of the automotive turbocharger market.

The COVID-19 pandemic has impacted the industry's growth as it has forced the manufacturers to temporarily shut down assembly lines and slowed the economic growth. There were no new requirements for turbochargers to be installed in new vehicles or spare turbochargers to be replaced in existing vehicles because there were essentially no vehicular movements.

However, with rising demand for performance and luxury vehicles, the market is hoping to return to a more stable economic state, with strong sales estimates to satisfy the anticipated high demand of automotive turbocharger market.

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Based on technology, twin-turbo technology will witness significant growth as it reduces turbo lag caused due to single-stage turbos that define the time required by turbines to compress exhaust gases. This twin automotive turbocharger technology offers high output and delivers engines in sports cars and SUVs.

Asia-Pacific is anticipated to have a high CAGR during 2021-2027 owing to the increased production of cars in developing countries such as China and India, rising population base, mounting demand for diesel vehicles, stringent emission standards, mounting demand for cars having compact engines size, and rising disposable income.
Moreover, the increased penetration of light vehicles and diesel passenger cars in India and the increased demand for EVs in China will further propel the growth of the global automotive turbocharger market.

The prominent players in the automotive turbocharger industry include
GARRETT MOTION INC., Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., IHI Corporation, Honeywell International Inc., Cummins Inc., ABB, Linamar Corporation, and Rotomaster.

In April 2021, IHI Corporation and AVL List GmbH have signed a technical collaboration agreement for an electric turbocharger for fuel cell systems.

Source: VynZ Research