Automotive Turbocharger Market worth $26.4 billion by 2027
                     MarketsandMarkets 
Presents
Automotive Turbocharger Market 
worth $26.4 billion by 2027
https://
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-919.html
 
The report "Automotive Turbocharger Market by Technology (VGT, 
Wastegate, Electric), Material (Cast Iron, Aluminum), Fuel Type, 
On-Highway Vehicles (Passenger Car, LCV, Truck & Bus), OHV 
(Agriculture, Construction), Aftermarket and Region - Global 
Forecast to 2027", The automotive turbocharger market is projected to 
grow at a CAGR of 9.8% over the forecast period, to reach a market size 
of USD 26.4 billion by 2027 from USD 12.5 Billion in 2019. 
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.
Browse 141 market data Tables and 53 Figures spread 
through 178 Pages and in-depth TOC on "Automotive 
Turbocharger Market”
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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 2018, 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 Segment is estimated to be the fastest-growing 
segment in Automotive Turbocharger Market
The passenger car segment is expected as the largest market for 
automotive turbochargers as the vehicle segment contributes to >60% 
of the global vehicle production. According to ACEA, the passenger car 
production hit 79 million in 2018 and is expected to go beyond 100 
million by 2024-2025, with Asia Pacific and North America being the 
leading regions. 
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 largest demand for Automotive 
Turbochargers
Owing to stringent emission norms - China VI, with its limits lower than Euro 
VI set to be implemented in 2020, India’s BS-VI standards set to be 
implemented in 2020 (skipping BS V norms) have propelled the market for 
automotive turbochargers in the region.
According to MarketsandMarkets Analysis, the increasing popularity of TGDI 
with China leading, 50% of passenger cars equipped with TGDI and estimated 
to grow further in the future. As per SIAM, India is also shifting towards 
gasoline vehicles with diesel vehicles share dropping to 19% from 50%, 
further fueling the turbocharger market. Countries like Japan, South Korea, 
have majority of their passenger cars run on gasoline engines and are 
leading countries with an active market for wastegate turbochargers.
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One of the essential drivers to consider is the growing production of mild 
hybrid vehicles to achieve 20% by 2025.  Other growing economies, 
governments such as Thailand, Indonesia are providing incentives to 
OEMs to set up their hubs to produce HEVs to produce cleaner 
transportation. Other factors such as increased fuel prices, will positively 
affect the turbocharger market.
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Key Market Players
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).
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