Automotive Turbocharger Market Size

The global automotive turbocharger market size was valued at $12.94 billion in 2024 and is projected to reach $20.42 billion by 2030, growing at a CAGR of 7.9% during the forecast period.

Automotive Turbocharger Market Overview

An automotive turbocharger is a forced induction device that increases the efficiency and power output of an internal combustion engine by compressing the intake air before it enters the combustion chamber. It consists of two main components: a turbine and a compressor, connected by a common shaft. The turbine is driven by exhaust gases expelled from the engine, causing it to spin and drive the compressor. As the compressor rotates, it draws in and compresses air, which is then forced into the engine's cylinders at a higher pressure and density. This compressed air allows for more fuel to be burned, resulting in increased power and torque output without the need for a larger engine displacement. Turbochargers are commonly used in both gasoline and diesel engines across various vehicle types, including passenger cars, trucks, and commercial vehicles, to improve performance, fuel efficiency, and reduce emissions.

Automotive Turbocharger Market Dynamics

• The automotive turbocharger market is expected to witness significant growth in the future due to the stringent emissions regulations driving the demand for fuel-efficient turbocharged engines, increasing adoption of downsized engines by automotive manufacturers to meet fuel economy targets, and growing demand for higher engine power and torque output in passenger vehicles and commercial vehicles.

• Additionally, the technological advancements leading to the development of more efficient and durable turbocharger systems, expansion of the automotive industry in emerging markets, creating opportunities for turbocharger manufacturers, and integration of electric turbochargers and hybrid turbocharger systems to improve performance and efficiency are the prominent factors driving the growth of the automotive turbocharger market.

• However, the high initial cost of turbocharged engines compared to naturally aspirated engines, concerns regarding turbocharger reliability and durability, particularly in harsh operating conditions, and challenges associated with turbocharger lag and response time affecting driving experience are restraining the market growth.

• On the contrary, the expansion of aftermarket turbocharger sales and services, particularly for engine enthusiasts and tuners, collaboration between turbocharger manufacturers and automotive OEMs to develop custom-tailored solutions, and growth in the electric vehicle market driving demand for turbochargers in hybrid and plug-in hybrid vehicles are creating opportunities for market growth.

By Engine Type, the Gasoline Automotive Turbochargers Segment Emerge as the Dominant Segment

Turbochargers enable gasoline engines to achieve higher power outputs and torque while maintaining fuel efficiency by increasing the air intake pressure. This allows for more efficient combustion, reducing fuel consumption and emissions. Moreover, the downsizing trend in engine design, where manufacturers replace larger engines with smaller, turbocharged ones, has further propelled the demand for gasoline turbochargers. Downsizing not only reduces fuel consumption but also lowers vehicle weight, contributing to enhanced overall efficiency. Additionally, advancements in turbocharger technology, such as twin-scroll designs and variable geometry turbochargers, have optimized performance across a broader range of engine speeds, addressing concerns about turbo lag and delivering a smoother driving experience. Consequently, the gasoline automotive turbocharger segment has witnessed significant growth as automakers continue to prioritize cleaner and more fuel-efficient engine technologies to meet regulatory requirements and consumer expectations.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market

The Asia Pacific region is anticipated to demonstrate considerable influence in the worldwide market due to its substantial share in the production of both passenger cars and commercial vehicles. Key countries like China and India exhibit strong demand for economy and mid-range cars, particularly in classes A, B, and C, with gasoline engines comprising a significant proportion, reaching nearly 50% and 90% respectively by 2023. In Asia Pacific, there's a prevalent trend towards smaller vehicles such as SUVs and crossovers, prompting original equipment manufacturers (OEMs) to focus on engine downsizing strategies employing various turbocharger technologies. In response to government initiatives promoting alternative fuel vehicles, OEMs have introduced downsized gasoline direct injection (GDI) engines with turbochargers to achieve comparable or superior power outputs to naturally aspirated engines. 

Major automotive manufacturers including Hyundai Motors, Kia, Volkswagen, Skoda, Mahindra and Mahindra, Toyota, Suzuki, and Tata are among those offering smaller gasoline engines equipped with turbochargers. This approach benefits both OEMs and consumers by delivering similar engine performance to naturally aspirated engines at a modest increase in vehicle cost. Moreover, the region's dominance in the production of commercial vehicles, particularly heavy trucks and buses, predominantly fueled by diesel and equipped with turbochargers, is significant. With improving socio-economic conditions and increasing industrialization, e-commerce, and infrastructural development in emerging economies such as China, India, Indonesia, and Thailand, the production of internal combustion engine (ICE) heavy trucks and commercial vehicles is expected to continue thriving, consequently driving the demand for turbochargers in the Asia Pacific region.

List of the Key Players Profiled in the Report Includes: 

• ABB

• Aptiv PLC

• BorgWarner Inc.

• Continental GT

• Cummins Inc.

• Garrett Motion Inc. 

• IHI Corporation

• Mahle

• Mitsubishi Heavy Industries Ltd. 

• Ningbo Motor Industrial Co. Ltd.

• Precision Turbo and Engine Inc.

• Robert Bosch GmbH

• Rotomaster International

• Turbonetics

Recent Developments:

• In June 2023, Garrett Motion declared the finalization of the enhancement of its Wuhan Plant, encompassing the installation of its inaugural high-speed automated production line for advanced variable nozzle technology (VNT) utilized in turbo-passenger vehicles.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Engine Type: 

• Gasoline Automotive Turbochargers

• Diesel Automotive Turbochargers

• Alternative Fuel/CNG

Market by, Technology: 

• Twin Turbo

• Variable Geometry Turbocharger

• Wastegate Turbocharger

• Electric Turbocharger

Market by, Material:

• Cast Iron Automotive Turbochargers

• Aluminium Automotive Turbochargers

• Other Materials 

Market by, Operation:

• Conventional Turbochargers

• E- Turbochargers

Market by, Vehicle: 

• Passenger Vehicles

o Hatchbacks

o Sedans 

o Utility Vehicles

• Light Commercial Vehicles

• Trucks

• Buses & Coaches

• Off - Road Vehicles

o Agriculture Tractors & Equipment

o Construction & Mining  Equipment

• Industrial Vehicles 

Market by, Sales Channel:

• OEMs

• Aftermarket

Market by, Geography:

The automotive turbocharger market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis

• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report oAutomotive Turbocharger Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.

• Analysis of the market structure by identifying various segments and sub-segments of the market.

• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.

• Understand major player profiles in the market and analyze their business strategies.

• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.