Automotive Turbocharger Market worth $18.4 billion by 2025
                     MarketsandMarkets 
Presents
Automotive Turbocharger Market 
worth $18.4 billion by 2025
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market-919.html
 
The report "Automotive Turbocharger Market by Technology (VGT, 
Wastegate, Electric), Material (Cast Iron, Aluminum), Component, 
Fuel Type, Application (Agriculture, Construction), Vehicle 
(Passenger Car, LCV, Truck & Bus), Aftermarket, Region - Global 
Forecast to 2025", size is projected to grow at a CAGR of 10.5% over the 
forecast period, to reach USD 18.4 billion by 2025 from USD 11.1 billion in 
2020. 
Factors such as decreased emission limits in new emission regulations, fuel 
shift towards gasoline passenger cars & especially towards GDI engines and 
focused technological advancements in electric turbocharger technology for 
mild-hybrid vehicles are projected to create a potential demand for 
automotive turbochargers in the coming years.
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Browse 249 market data Tables and 62 Figures spread through 242 
Pages and in-depth TOC on "Automotive Turbocharger Market”
Automotive turbocharger market is dominated by manufacturers such 
Honeywell (US), BorgWarner (US), MHI (Japan), IHI (Japan), and Continental 
(Germany), Bosch Mahle (Germany), Cummins  (US), ABB (Switzerland), TEL 
(India), and Delphi Technologies (UK), Rotomaster International (Canada), 
Precision Turbo & Engine INC(US), Turbonetics(US),
 Turbo International (US), Kompressorenabu Bannewitz GMBH(Germany), 
Turbo Dynamic Ltd.(UK), Fuyuan Turbocharger Co. Ltd.(China), Hunan Tyen 
Machinery Co. Ltd. (China), Ningbo Motor Industrial Co. Ltd. (China), Calsonic 
Kansei (Japan).
The wastegate turbocharger type is estimated to hold the largest 
share in the market
Wastegate turbochargers are expected to hold the largest share (in terms of 
volume) in 2020, of the total turbochargers market. Wastegate 
turbochargers, being more economical than VGT type, Asia Oceania is 
estimated to showcase the most significant demand for this type of 
turbocharges, as the region prefers economic passenger cars (especially in 
countries such as China and India). However, the developed areas of the 
world are mostly using the advanced & comparatively expensive VGT type. 
Currently, the installation rate for VGT is lower in Asia. However, owing to its 
better efficiency (than wastegate turbos) and new emission regulations, 
which are expected to be introduced in India and China in the coming years, 
the demand for VGT is likely to increase in Asian countries post-2020.
Passenger car is estimated to be the fastest-growing segment in the 
automotive turbocharger market
The passenger car segment is expected as the largest market for automotive 
turbochargers as it contributes to more than 50% of the global vehicle 
production. COVID-19 will have a major impact on the production of 
passenger cars in 2020. 
Passenger car production, which hit 74 million in 2019, will observe a decline 
of 15% in 2020. Efforts from various automakers to start vehicle production 
would help in a steady recovery post-2020. For instance, automakers in 
China, such as Volkswagen, Nissan, Hyundai, and Honda, have announced 
the reopening of their plants in the country. In Europe, Toyota, Volkswagen, 
and Audi have resumed operations.
According to ICCT, the turbocharger technology in the EU has increased the 
average passenger car engine power by 30% to 97 kW, and the engine 
displacement decreased by 7%, reducing the overall weight of the vehicles, 
and hence emissions. , With a change in fuel type from diesel to gasoline and 
advancements in 48V mild-hybrid cars the demand for gasoline and electric 
turbochargers is projected to grow in the passenger car segment in the 
coming years.
Asia Pacific: The region with the largest demand for automotive 
turbochargers
Asia Pacific countries such as China, Japan, South Korea, and India are the 
largest vehicle producers globally. These countries accounted for 49% of the 
global vehicle production in 2019. The global production of vehicles in 2020 
will observe a 15% decline due to COVID-19. China, India, and Japan, which 
account for a large share of the global passenger car production, will observe 
a drop of 15%, 17%, and 14%, respectively, in 2020 as compared to 2019. 
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9
 
Factors responsible for the steady growth of automotive 
turbocharger market the post-2020 recovery of vehicle production 
are:
• Stringent emission norms - China VI, with its limits lower than Euro VI set 
to be implemented in 2020, and India’s BS-VI standards set to be 
implemented in 2020 (skipping BS V norms).
• The increasing popularity of TGDI - 50% of passenger cars are equipped 
with TGDI, and this rate estimated to grow further in the future. As per 
SIAM, India is also shifting toward gasoline vehicles with diesel vehicles 
share dropping to 19% from 50%, further fueling the turbocharger market. 
Countries like Japan and South Korea have the majority of their passenger 
cars running on gasoline engines and are leading countries with an active 
market for wastegate turbochargers.
• One of the essential drivers to consider is the growing production of mild 
hybrid vehicles. Other growing economies, such as Thailand and Indonesia, 
are providing incentives to OEMs to set up their hubs to produce mild-
hybrid HEVs for cleaner transportation. Other factors, such as increased 
fuel prices, will positively affect the turbocharger market.
• The key OEMs in this region include Brilliance Auto, Shanghai Automotive 
Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai 
Motor Group, and Honda Motor Co., Ltd. Hence, Asia Pacific is the largest 
market for automotive turbocharger
Don’t miss out on business opportunities in Automotive Turbocharge
r Market. Speak to our analyst and gain crucial industry insights that
 will help your business grow.
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