Global automotive turbocharger market is anticipated to grow at a significant CAGR of 13.6% during the forecast period (2024-2031). The market growth is attributed to the growing demand for fuel-efficient engines without compromising performance enforced emission regulations are compelling automakers to implement turbocharging technologies globally. Turbochargers are used in commercial vehicles to minimize operating costs, comply with environmental regulations, reduce pollutants, and improve the efficiency of freight and people transportation. For instance, in April 2023, Garrett Motion Inc. introduced advanced technologies geared toward turbocharging, electrification, and software connectivity. Garrett’s range of variable nozzle turbines (VNT), double-axle VNTs (DAVNT), and wastegate turbo technologies intensify power density and increase fuel economy for both gasoline and diesel applications of passenger and commercial vehicles.
Browse the full report description of “Automotive Turbocharger Market Size, Share & Trends Analysis Report by Technology Type (Variable Geometry Turbocharger/ Variable Nozzle Turbine, Wastegate Turbocharger and Electric Turbocharger). by Fuel Type (Gasoline, Diesel and Alternate Fuel/ CNG). by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/automotive-turbocharger-market
To offer improved turbocharger efficiency, which helps customers in engine downsizing, the variable geometry turbocharger has a better transient response, enhanced compressor side oil leak robustness, and dual sourcing on key components for supply chain flexibility. The latest generation turbocharger will offer best-in-class performance for on-highway heavy-duty trucks coupled with improved fuel economy at key vehicle running points. For instance, in August 2022, Cummins Inc. announced to introduction of the 8th generation Holset series 400 variable geometry turbocharger. Cummins Turbo Technologies (CTT) offers customers to reduce emissions and advance fuel economy through innovative new air handling technologies.
Advanced and modernized materials and the bearing system contribute to a performance turbocharger significantly lighter than the competition. Turbochargers have been intentionally designed to be as tightly packaged as possible while not impacting or compromising performance. For instance, in November 2023, Turbsomart introduced an all-new Turbsomart Performance range of turbochargers. Aerodynamics of the compressor wheels have been created with aggressive low-speed movement in mind to aid in higher power levels at lower shaft speeds. The 7+7 Splitter Blade design uses a tapered back-cut wheel recessed into the center housing for optimal airflow management.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Technology Type
o By Fuel Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BorgWarner Inc., Cummins Inc., Honeywell International Inc., IHI Corp., and Mitsubishi Heavy Industries, Ltd., among others.
Key questions addressed by the report.
Global Automotive Turbocharger Market Report Segment
By Technology Type
By Fuel Type
By Vehicle Type
Global Automotive Turbocharger Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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