Automotive Turbochargers Market Report

The global automotive turbochargers market is anticipated to show healthy growth in future as awareness about green automotive technology and focus on reducing carbon dioxide emissions increase. Turbochargers are considered to be effective in manufacturing low-emission, high-performance automobiles. High use of turbochargers in premium vehicles and gradually increasing penetration of electric turbochargers in the automotive industry are likely to create profit-making opportunities for manufacturers. Players competing in the global automotive turbochargers market are predicted to develop strategies to improve their operational performance, market footprint, and product differentiation. Signing merger and acquisition and partnership agreements could be one of the business strategies used in the global automotive turbochargers market.

Increasing adoption of turbo technology for luxury vehicles and high-performance sports cars is expected to promise robust growth to the global automotive turbochargers market. In October 2019, German automobile company, BMW announced about its new M8 Competition Gran Coupe and M8 Gran Coupe luxury car models. According to BMW, these car models feature a 4.4-litre V8 engine with M TwinPower Turbo technology.

Market to Benefit from Strong Demand for Low-emission and High-performance Vehicles

The global automotive turbochargers market is expected to gain growth on the back of increasing focus of automobile manufacturers on launching low-emission and cleaner vehicles. Demand for automotive turbochargers could improve in future as governments further tighten emission regulations. High use of automotive turbochargers in gasoline vehicles is also anticipated to increase the demand. Introduction of more technologically advanced products that can perform in low-speed as well as high-speed conditions could support the growth of the global automotive turbochargers market. Increasing preference for vehicles offering improved fuel economy and higher performance levels is predicted to work in the favor of the global automotive turbochargers market.

Factors Expected to Increase Use of Automotive Turbocharger in Gasoline Vehicles

Players to Invest in Innovation and Research and Development to Stay Competitive

The report covers key players of the global automotive turbochargers market such as Honeywell, Weifang Fuyuan, BorgWarner, Weifu Tianli, IHI, Hunan Tyen, MHI, Continental, Cummins, and Bosch Mahle. Companies operating in the global automotive turbochargers market are likely to focus more on innovation and research and development to improve their revenue growth.

In May 2019, Continental, a German automotive manufacturing company, announced that it will reveal a ring catalyst turbocharger at the 40th Vienna Motor Symposium. According to the company, its ring catalyst turbocharger promotes engine efficiency and offers emission robustness and fuel savings. In April 2019, the company announced that its powertrain business will operate as an independent company named Vitesco Technologies. The portfolio of the new company includes turbochargers.

Market Segments

By Product Type

●   Mono-turbo

●  Twin-turbo

By Application

●  Sedan

●  SUV and Pickup

●  Others

Based on product type, the global automotive turbochargers market is segmented into twin-turbo and mono-turbo. Automotive manufacturers are observed to mainly use twin-turbo technology in luxury and top-of-the-line cars. Known for significantly increasing the turbocharging effect, twin-turbo technology is commonly used in V-engines. The twin-turbo segment is expected to gain growth in the global automotive turbochargers market as the demand for high-speed and premium cars increases. On the basis of application, the global automotive turbochargers market is segmented into SUV and pickup, sedan, and others.

By Region        

According to market experts, the global automotive turbochargers market is anticipated to witness strong growth of Europe in the coming years. This could be due to the implementation of strict regulations and policies related to vehicle emissions such as carbon dioxide, and fuel economy. The automotive turbochargers market in Europe is also expected to benefit from the emergence of electric turbochargers, which could be used in battery or other electric vehicles. On the other hand, Asia Pacific is predicted to register a faster CAGR during the forecast period 2019-2025. Expansion of the automotive industry and high use of gasoline vehicles could be among top growth drivers of the Asia Pacific automotive turbochargers market. 

The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.

Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.