Global Automotive Turbocharger Market By Engine (Diesel Engine, Gasoline Engine), By Vehicle (Light Vehicle, Heavy Vehicle), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket, Land Based, Naval), and Region - Global Forecast to 2030

“Global Automotive Turbocharger Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global automotive turbocharger market has been segmented on the basis of engine, vehicle, sales channel, as well as regions and countries. The Global Automotive Turbocharger Market was valued at UЅD $18,443.2 Мn in 2020, and is projected to achieve a valuation of UЅD $40.783.2 Мn by 2030, at a САGR of 9.2%.

Request Covid - 19 Impact

Report Coverage and Deliverables

PDF report and online dashboard will help you understand:

• Competitive benchmarking
• Market forecasts
• Company market shares
• Market opportunities
• Latest trends & dynamics

Request a Free Sample Copy

View Infographic

Overview:

A turbocharger, colloquially known as a turbo, is a turbine-driven, forced induction device that increases an internal combustion engine’s efficiency and power output by forcing extra compressed air into the combustion chamber.

Dynamics:

The steady increase in the manufacture and production of lightweight and heavy automobiles across the world owing to robust urbanization is a primary factor that is expected to exponentially boost the revenue growth of the global automotive turbocharger market over the next 10 years.

Moreover, the numerous vehicle manufacturers are looking to expand their respective manufacturing and assembly facilities to cater to the aforementioned increase in the demand for automobiles, is also a factor that is slated to further compliment future market growth opportunities for this global industry.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global automotive turbocharger market is no different, and this is expected to have a significantly negative impact on the revenue growth of this industry in the coming years. Additionally, the steady increase in the demand for zero-emission or electric vehicles is also a factor that will impede on future market growth opportunities for this given industry.

Nonetheless, the steady increase in the demand for fossil fuel-powered vehicles across the world, especially in emerging economies, owing to factors such as surging population figures, higher disposable incomes, etc., is a factor that is anticipated to positively influence the revenue growth of the global automotive turbocharger market in the foreseeable future.

Segmentation of the global automotive turbocharger market is as follows:

In terms of engine type, the diesel engine segment accounted for the maximum number of revenue shares of the global automotive turbocharger market in 2020, and is expected to continue doing so over the forecast period. The petrol engine segment is also anticipated to index a high CAGR over the next 10 years.

With regards to vehicle type, the light vehicle segment accounted for the highest number of revenue shares of the global automotive turbocharger market in 2020, and is anticipated to register the highest CAGR over the next decade. However, the heavy vehicle segment is also expected to register considerable revenue growth in the years to come.

On the basis of sales channel, the Original Equipment Manufacturer (OEM) segment accounted for the majority number of revenue shares in 2020, and this segment is slated to expand exponentially over the course of the forecast period.

Regional Segmentation and Analysis:

Markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global automotive turbocharger market in 2020, and they are expected to index the highest CAGR over the remainder of this forecast period. The markets in Europe and North America accounted for the second-, and the third-most number of revenue shares in 2020, and are anticipated to continue doing so over the next 10 years.

Segmentation of the Global Automotive Turbocharger Market:

Segmentation by Engine:

• Diesel Engine
• Gasoline Engine

Segmentation by Vehicle:

• Light Vehicle
• Heavy Vehicle

Segmentation by Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA