Automotive Turbocharger Market Research Report: Information By Type (Gasoline, Diesel and New Energy Engine), (Passenger Car and Commercial Vehicle) - Forecast till 2030

Automotive Turbocharger Market Analysis 

Automotive Turbocharger Market is anticipated to touch USD 10,759 Million at a 10.10% CAGR between 2022-2030, states the latest Market Research Future’s (MRFR) automotive turbocharger market forecast report. The strong market growth is due to the strict car emission regulations and the booming global automotive industry.

COVID-19 Analysis

Several industries have endured the brunt of the COVID-19 pandemic, and the list also includes the automotive turbocharger industry. The automotive industry in its entirety has suffered from the reduction in car production due to the outbreak, which resulted in the closure of assembly and manufacturing plants, and disruption in the automotive components export. This had a grave impact on the automotive turbocharger market growth, with its growth directly related to vehicle production. Following the outbreak, most countries had undergone a complete lockdown for a couple of months that in turn had impacted the production of cars. Due to the lockdown, manufacturing facilities had to close down, and there was a delay in the production of cars, commercial cars to be more specific, which come with turbochargers, thus hindering the automotive turbocharger market size.

The spread of this deadly virus has unfortunately put supply chain activities to a halt that resulted in a gap between demand-supply. Owing to the lifting of the lockdowns gradually in a few countries, most companies are resuming their operations with safety measures to make sure that there is a constant supply of equipment and parts to their end users and dealers and also that their employees are healthy and safe. The resumption in the manufacturing sector overall is likely to fuel the sales and production of cars equipped with turbochargers that in turn is likely to bolster the automotive turbocharger market share.

Market Dynamics

• Drivers

Demand for Fuel Efficient Engines to Bolster Market Growth

The burgeoning need for fuel-efficient car engines and gasoline engines are predicted to bolster market growth over the forecast period.

Additional factors adding to the automotive turbochargers market revenue include the steady rise in the production and manufacture of heavy and lightweight cars worldwide due to robust urbanization, need for enhanced engine power, strict environmental regulations, demand for power generating cars, need for fuel-efficient engines, global trade activities, on-going industrialization, and increasing demand for automobile turbocharger from developing and developed countries.

• Opportunities

Use of Electric Turbochargers to Offer Robust Opportunities 

The increasing demand for the use of electric turbochargers in cars is likely to offer robust opportunities to market players in the upcoming years.

• Restraints

 Rising Adoption of Electric Cars to Act as a Market Restraint

The rising adoption of electric cars owing to the implementation of strict emission standards worldwide is likely to impede the use of ICE engines in cars, thus having a negative impact on the market growth over the forecast period.

• Challenges

High Market Price to Act as a Market Challenge

The high market price of such components may act as a market challenge for key players in the upcoming years. Besides, overheating issues and turbo lag may also limit market growth.

Market Segmentation

Global Automotive Turbocharger Market, according to MRFR’s automotive turbocharger market statistics report, has been segmented based on application and type.

Gasoline Segment to Lead Automotive Turbocharger Market

By type, the global turbocharger market is segmented into new energy engine, diesel, and gasoline. Of these, the gasoline segment, both in terms of volume and value, will lead the market over the forecast period. The increasing adoption of petrol engine turbocharger from passenger vehicles is adding to the growth of the segment.

Passenger Vehicles Segment to Dominate Automotive Turbocharger Market

By application, the global turbocharger market is segmented into commercial cars and passenger vehicles. Of these, the passenger vehicles, both in terms of volume and value, will dominate the market over the forecast period. The growing need for passenger vehicles among a huge pool of population coupled with the expansion of worldwide auto-manufacturers into new emerging markets is adding to the growth of the segment. The commercial car segment, on the other hand, is likely to grow at a high CAGR for the increase in commercial activities like goods and public transportation globally. 

Regional Analysis 

Asia Pacific to Lead Automotive Turbocharger Market

By region, the global automotive turbocharger market report covers the opportunities and recent trends across Europe, the Asia Pacific (APAC), North America, and Rest of the World. Of these, the APAC region will lead the market over the forecast period. It is likely to grow at a 9.16% CAGR by 2023. Rising production of cars in emerging countries of China and India, large population base, burgeoning need for diesel vehicles, economic shifts and upcoming emission norms, rise in disposable income, growing demand for automobiles, demand for cars with compact engine size, strict vehicle emission regulations, the growing buying power of consumers in China and India, and high penetration of light vehicles and diesel passenger cars in India are adding to the global automotive turbocharger market growth in the region.

North America to Hold Second-Largest Share in Automotive Turbocharger Market

The global automotive turbocharger market in North America is predicted to hold the second-largest share over the forecast period. Growing demand for new cars, implementation of government regulations on car emissions, regulatory bodies like the US EPA having introduced strict emission regulations for on-road cars such as commercial buses and trucks and passenger vehicles, need for engines with more fuel efficiency, adoption of automotive turbochargers in every car segment, and rising consumer inclination towards low-emission cars, are adding to the global automotive turbocharger market growth in the region.

Competitive Landscape

The global automotive turbocharger market is highly fragmented and competitive in nature due to the presence of key industry players. These players operating in the industry are laying emphasis on strategies such as mergers and acquisitions, geographical presence, & product portfolio to stay at the forefront and also cater to customers burgeoning needs.

Key Players

• Fengcheng Xindongli Turbocharger Co. Ltd (China)


• Precision Turbo and Engine (US)


• Bullseye Power LLC (US)


• Bosch Mahle (Germany)


• Cummins Inc. (the US)


• Continental AG (Germany)


• IHI Corporation (Japan)


• Mitsubishi Heavy Industries Ltd (Japan)


• BorgWarner Inc. (US)


• Honeywell International Inc. (US)

Recent Developments

• January 2021- Ferrari has introduced its first turbocharged formula one race car, 126C. 


• January 2021- Nemesis Lamborghini Huracan Performante has received a twin-turbocharger kit in order to boost the already jaw-dropping performance of the car.

Report Scope 

The automotive turbocharger market report provides a market forecast and analysis on a regional as well as a global basis. Detailed research has been carried out on how the different market dynamics are likely to impact the scenario of the market, in the current times as well as the future. The market trends, opportunities, drivers, and restraints, too, have been analyzed with an aim to arm and also equip clients better with regards to decision-making. For a comprehensive understanding and assessing the opportunities and trends of the market better, this report has been bifurcated categorically into several segments that also entail the geographical segmentation. The report begins with a detailed market overview and highlights on the definition & market taxonomy, coupled with the value chain, pricing analysis, drivers & restraints. Each segment discusses the quantitative and qualitative market aspects elaborately

By Type

• New Energy Engine 


• Diesel


• Gasoline 

By Application

• Passenger Vehicles 


• Commercial Cars

By Region 

• North America


• Europe 


• Asia Pacific (APAC)


• Rest of the World (RoW)