Adoption of turbochargers is a very efficient way for automobile manufacturers to produce engines that can meet both the new environmental regulations and the consumers’ requirements. According to Goldstein Research, there will be more than 170 million vehicles equipped with turbochargers will be running on roads by 2024. However, increasing adoption of hybrid technologies and electric vehicles is expected to obstruct the growth of automotive turbochargers market in upcoming years. Global automotive turbochargers market accounted for USD 7.3 billion in 2015 and further the market is expected to expand at a CAGR of 6.8% over the forecast period i.e. 2016-2024. North-America and Europe are showcasing the fastest adoption rate of turbocharged vehicles. In 2011, there were less than 7% of new cars and trucks in North-America were sold equipped with turbochargers. In 2015, the market share of turbocharged vehicles has tripled and reached to 21% in United States. In Europe, more than 67% vehicles in showrooms are turbocharged, with more than 50% diesel powered engines.

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Automotive Turbochargers Market Segmentation

• By Technology Type
o Variable Geometry Turbochargers
o Twin Turbo
o Wastegate Technology
• By Vehicles Type
o Light Commercial Vehicles (LCV)
o Heavy Commercial vehicles (HCV)
o Passenger Cars
• By Fuel Type
o Diesel
o Gasoline
• By End-User
o Manufacturers (OEMs)
o Aftermarket

• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

“Global Automotive Turbochargers Market Outlook 2024” contains detailed overview of the global automotive turbochargers market in terms of market segmentation by product, by fuel types, by end-users type. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global automotive turbochargers market which includes profiling of companies such as Honeywell International Inc., BorgWarner Inc., Cummins Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Continental AG, Bosch Mahle Turbo Systems, Rotomaster Inc, Turbo Energy PVT LTD etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global automotive turbochargers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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