Automotive Turbocharger Market

Automotive Turbocharger Market by Diesel & Gasoline Turbo (VGT, Wastegate, e-Turbo), Component (Turbine Wheel, Compressor Wheel, Housing), Material, Off-Highway Equipment, Vehicle Type, Fuel Type, Aftermarket and Region - Global Forecast to 2030

Report Code: AT 2628 Apr, 2024, by marketsandmarkets.com

[330 Pages Report] The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth of the automotive turbocharger market is propelled by harsh emission regulations and shifting consumer inclination for high-performance vehicles. As the automotive industry is transitioning from diesel to gasoline light-duty vehicles and a surge in vehicle hybridization, there could be a promising opportunity for turbocharger manufacturers in gasoline and hybrid variants.

Automotive Turbocharger Market

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Automotive Turbocharger Market Opportunities

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Market Dynamics

DRIVER: Stringent emission regulations and a surge in sales of gasoline-powered passenger vehicles.

There are various reasons for the decline in the growth of diesel engines. Among them are escalating fuel costs, heightened concerns about global warming, and the higher price tags associated with diesel vehicles compared to petrol counterparts. However, the increasing popularity of gasoline-powered vehicles is driving the demand for turbochargers tailored for petrol engines. Turbocharger manufacturers are thus likely to shift their focus and allocate resources toward developing and producing gasoline turbochargers to meet this rising demand. In countries such as India, South Korea, and Indonesia, the demand for diesel vehicles has slowed, while there has been an increase in demand for petrol engines. Various emission standards, such as Euro 6, China VI, and PROCONVE P-8, have further stimulated the market for gasoline engines. Consequently, this drives the production of turbochargers for passenger cars and contributes to a cleaner environment with reduced pollution.

RESTRAINT: Higher maintenance cost and more cooling oil requirements

Adding a turbocharger to the engine offers advantages; the system operates under more strenuous conditions, leading to wear and tear. Turbochargers must endure high temperatures from exhaust gases, reaching up to 1200°F. Therefore, it's crucial to circulate cooling oil frequently to maintain optimal temperatures and prevent overheating. Maintaining turbochargers requires clean, high-quality oil for efficient operation, and neglecting regular oil changes can lead to premature failure. Consequently, turbocharged engines incur higher maintenance costs due to the need for cooling oil.

Additionally, replacing turbos can be costly. Inadequate maintenance of turbochargers can result in premature failures, further burdening the engine's cooling oil system. However, advancements in water-cooled turbochargers aim to address these issues, making them more consumer-friendly.

OPPORTUNITY: Development of electric turbochargers

The emergence of electric turbochargers presents a significant opportunity in the automotive industry. These innovative turbochargers eliminate turbo lag and deliver enhanced power and improved fuel efficiency. Integrating a high-powered turbine with a motor-driven compressor allows electric turbochargers to engage instantly when the driver accelerates, offering seamless performance.

With fewer technical challenges compared to traditional models, electric turbochargers offer a range of benefits. Key industry players like BorgWarner (US), Garrett Motion Inc. (Switzerland), and IHI Corporation (Japan) have successfully introduced their 48V e-turbochargers, renowned for their fuel efficiency and superior power output. Garrett Motion is developing e-turbos for mass-market passenger vehicles, with a claimed fuel efficiency improvement of up to 10%. These e-turbos have the potential to reduce NOx emissions by up to 20% in diesel engines, with most cases seeing a fuel efficiency improvement of about 2-4%. Other manufacturers, such as Mitsubishi and BorgWarner, are also advancing their electric turbo technology, reflecting the industry's shift towards e-turbo development. Thus, the demand for electric turbochargers will grow in the coming years, signaling a promising opportunity for the automotive sector.

CHALLENGE:Turbo lag

The challenge of turbo lag persists in conventional turbochargers, where there's a delay in generating positive pressure once exhaust gases hit the turbine blades. This lag, exacerbated by frictional and thermal losses, hampers quick acceleration and has hindered the widespread adoption of turbocharged engines. To combat this, manufacturers are innovating with smaller, quicker-spooling turbos and electrically assisted variants, which provide an immediate boost. These advancements drive performance improvements in turbocharged engines, leading to a growing presence of such vehicles in the market, with this trend expected to persist.

Automotive Turbocharger Market Ecosystem.

The major OEMs of the automotive turbocharger market have the latest technologies, diversified portfolios, and strong distribution networks globally. The major players in the automotive turbocharger market are BorgWarner Inc. (US), Garrett Motion Inc. (Switzerland), Mitsubishi Heavy Industry Ltd. (Japan), and IHI Corporation (Japan).

Automotive Turbocharger  Market Ecosystem

Heavy-duty vehicles hold the largest demand for automotive turbochargers aftermarket.

The automotive turbochargers aftermarket for heavy-duty vehicles (HDV) is estimated to grow steadily during the forecasted period. The growth in the aftermarket for heavy vehicles such as trucks and buses can be attributed to the increasing average life of vehicles, rising average miles driven per year, changing consumer preferences for high-power vehicles, and higher replacement rates, mainly in the European and North American markets. These vehicles have extended hours of continuous operation under rigorous conditions. The average miles driven by HCVs in different regions range from 35,000 miles to 40,000 miles per year, either hauling heavy loads or transporting passengers, which puts significant strain on their engines. As a result, turbochargers in heavy-duty vehicles are subject to greater wear and tear, leading to a higher demand for replacements in the aftermarket.

Further, heavy-duty vehicles are prevalent in regions with robust industrial & commercial activities and well-established transportation infrastructures and economies, such as North America and Europe. Additionally, stringent emission regulations in these regions prompt fleet owners to upgrade their turbochargers to remain compliant and more efficient and eco-friendly models. These factors subsequently help to demonstrate the future growth opportunities in the turbocharger aftermarket for the heavy-duty vehicle segment.

Cast iron will dominate the Automotive Turbocharger Material market.

Cast iron is the top choice for manufacturing automotive turbochargers due to its exceptional heat resistance and ability to withstand high temperatures, reaching up to 900°C. Due to this resilience and durability, cast iron is widely preferred for manufacturing turbocharger housing. Grey cast iron, Ductile Iron, and Silicon Molybdenum are some of the cast iron material grades used for automotive turbocharger housing. Several tier-1 suppliers are using this material to make turbochargers. For instance, Mitsubishi Heavy Industries (MHI) offers turbine housings constructed from cast iron, capable of withstanding temperatures of up to 700°C, and austenitic stainless cast steel, engineered to resist temperatures surpassing 1,000°C. Alternatively, aluminum alloy is another material that grows faster than cast iron and has a vision for weight reduction. According to DergiPark (an academic community), using aluminum alloy to make central turbocharger housing is expected to reduce the weight by 60%. Moreover, due to the robust properties such as strength, machinability, cost-effectiveness, and ease of manufacturing, cast iron contributes to its widespread adoption by key automotive turbocharger companies. Hence, cast iron is anticipated to dominate the material type segment for the automotive turbocharger market.

The agricultural tractors will be the fastest growing turbochargers market in the off-highway application.

The demand for turbochargers in the higher HP tractors has kept rising in recent years. These higher HP tractors (>80HP) are usually fitted with turbochargers due to their ability to increase engine power without significant additional displacement. This is particularly useful for large-scale agricultural operations, where greater horsepower is necessary to handle heavy loads or operate large implements efficiently. Europe is the largest market for high-powered tractors due to the increasing traction of tractors with high-pulling power and the growing demand for commercial agriculture. North America and some parts of Asia also have lower demand for higher HP tractors, whereas large-scale agriculture and mechanization are prevalent in these regions. Major players, such as John Deere, CNH Industrial, and AGCO Corporation, continue to invest in research and development to enhance the capabilities of turbocharged tractors, aiming to meet the evolving needs of farmers worldwide. John Deere 8R Series, Case IH Magnum Series, Massey Ferguson 8700 Series, John Deere 9RX Series, New Holland T9 Series, and Kubota Corporation M7 Series are some tractors equipped with turbochargers. Hence, with the growing sales of high-HP tractors for commercial farming of 100 hectares and larger farmlands which can easily handle a wide range of implements such as rakes, scrapers, and spreaders, the demand for turbochargers is also expected to grow in the future

Asia Pacific is the largest market for automotive turbochargers from 2024-2030.

Asia Pacific is estimated to be the largest market for automotive turbochargers owing to the largest production share of passenger cars and commercial vehicles. Major countries such as China and India have a higher demand for economy & mid-range cars (including Class A, B, and C), with gasoline engines contributing to nearly 50% and 90% in 2023. Asia Pacific is dominated by small cars, such as SUVs and cross-over, where the OEMs focus on engine downsizing with various turbocharger technologies. Considering the recent government initiatives to promote alternate fuel vehicles, the OEMs have introduced downsized gasoline direct injection (GDI) with turbochargers to get similar or better power than naturally aspirated engines. For instance, Hyundai Motors, Kia, Volkswagen, Skoda, Mahindra and Mahindra, Toyota, Suzuki, and Tata are major OEMs offering smaller gasoline engines fitted with turbochargers. This will be a win-win situation for OEMs and consumers as they will get similar performance to naturally aspirated engines with much increase in vehicle cost. Further, the region also makes the maximum contribution to the production of commercial vehicles, and almost all heavy commercial vehicles, including heavy trucks and buses, are driven by diesel fuel and installed with turbochargers. Improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand along with increasing industrialization, e-commerce, and infrastructural development, the production of ICE heavy trucks and commercial vehicles are likely to continue to dominate, which will subsequently boost the turbochargers in the Asia Pacific region.

Asia Pacific Automotive Turbocharger Market Size, and Share

The LCV segment is projected to be the fastest-growing automotive turbocharger market.

Light commercial vehicles (LCVs) are favored by small-scale businesses and urban areas primarily for their diesel engines, renowned for their robust engine performance and ample torque. The use of turbochargers in LCVs is increasingly common, offering a many benefits such as enhanced fuel efficiency, heightened power output, and reduced emissions. According to AECC, China leads in diesel-based LCV sales with 1.5 million units, followed by India with 500 thousand units. Diesel turbocharged LCV sales in the Asia Pacific region are projected to reach 2.5 million units by 2025, at a CAGR of 6.5% from 2020 to 2025. The escalating demand for LCVs is attributed to the rapid urbanization witnessed in the Asia Pacific region. With urban populations on the rise, there is an increasing reliance on LCVs for logistics and transportation needs. Furthermore, the growing e-commerce sector plays an important role in propelling the LCV market forward, as these companies heavily depend on LCVs for efficient delivery of goods to customers.

Key Market Players

The automotive turbocharger market is consolidated. BorgWarner Inc. (US), Garrett Motion Inc. (Switzerland), Mitsubishi Heavy Industries Ltd. (Japan), IHI Corporation (Japan), and Cummins Inc. (US) are the key companies operating in the market. These companies adopted new product launches, partnerships, and joint ventures to gain traction in the market.

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Scope of the Report

Report Attribute

Details

The base year for estimation

2030

Forecast period

2024 - 2030

Market Growth forecast 

USD 22.9 Billion by 2030 from USD 15.2 Billion in 2024 at 7.1% CAGR

Top Players

BorgWarner Inc. (US), Garrett Motion Inc. (Switzerland), Mitsubishi Heavy Industry Ltd. (Japan), IHI Corporation (Japan), and Cummins Inc. (US).

Segments Covered

 

By Vehicle Type

Passenger cars, LCVs, Trucks, Buses

By Fuel Type

Gasoline, Diesel, Alternate fuel/CNG

Diesel Turbochargers, By Turbo Type

VGT, Wastegate, E-Turbocharger

Gasoline Turbochargers, By Turbo Type

VGT, Wastegate, E-Turbocharger

Gasoline Turbochargers, By Vehicle Type

Passenger cars, LCVs, Trucks, Buses

By Material

Cast Iron, Aluminium, and Others

By Component

Turbine wheel, Compressor wheel, Housing

Off-highway Turbochargers, By Application

Agriculture Tractors, Construction Equipment, Mining Equipment

Aftermarket, By vehicle type

LCV and HCV

By Region

Asia Pacific, North America, Europe, Rest of the World

Recent Developments

  • In June 2023, Garrett Motion announced the completion of the expansion of its Wuhan Plant which included the installation of its first high-speed automated production line for advanced variable nozzle technology (VNT) used in turbo-passenger vehicles.
  • In April 2023, Garrett Motion Inc. unveiled its latest turbocharger and e-mobility technologies at Auto Shanghai 2023. Its innovative E-turbos enhance power and fuel efficiency, enabling vehicles to achieve the performance levels of larger engines from previous generations while utilizing increasingly compact engines.
  • In June 2023, IHI was honored with a supplier commendation in the form of a letter of appreciation from Yanmar Global Experts for its commendable efforts and contributions toward ensuring the stable supply of turbochargers throughout 2022. The award was focused on the adoption of new turbochargers and the company's role in facilitating consistent procurement, with particular emphasis placed on two key aspects that received high praise.
  • In March 2022, BMTS showcased its Turbo technology at the Vienna Motor Symposium 2022. Its intention was to address the increasing demand for mobility, meet climate targets, and ensure future affordability in the mobility sector.
  • In September 2022, Garrett Motion showcased E-Turbos at the IAA Transportation Exhibit. The plan was to promote the use of E-Turbos in vehicles and focus on the improvements that E-Turbos have compared to traditional turbochargers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
           FIGURE 1 AUTOMOTIVE TURBOCHARGER MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources referred to for vehicle production
                    2.1.1.2 Key secondary sources referred to for MARKET sizing
                    2.1.1.3 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 List of primary participants
    2.2 AUTOMOTIVE TURBOCHARGER MARKET SIZE ESTIMATION 
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH (ON-HIGHWAY VEHICLES)
                    FIGURE 6 MARKET ESTIMATION: APPROACH 1 - BOTTOM-UP
           2.2.2 BOTTOM-UP APPROACH (OFF-HIGHWAY EQUIPMENT)
                    FIGURE 7 OFF-HIGHWAY MARKET ESTIMATION: BOTTOM-UP APPROACH
           2.2.3 TOP-DOWN APPROACH
                    FIGURE 8 MARKET ESTIMATION, BY MATERIAL: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
           2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.5 RESEARCH ASSUMPTIONS AND RISK ANALYSIS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RECESSION IMPACT ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    3.1 REPORT SUMMARY 
           FIGURE 10 AUTOMOTIVE TURBOCHARGER MARKET OUTLOOK
           FIGURE 11 MARKET, BY TURBO TYPE, 2024–2030
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE TURBOCHARGER MARKET 
           FIGURE 12 STRINGENT EMISSION AND FUEL ECONOMY REGULATIONS TO DRIVE MARKET
    4.2 MARKET, BY VEHICLE TYPE 
           FIGURE 13 PASSENGER CAR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY FUEL TYPE 
           FIGURE 14 ALTERNATIVE FUEL/CNG TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    4.4 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY TURBO TYPE 
           FIGURE 15 VGT TO BE LEADING SEGMENT DURING FORECAST PERIOD
    4.5 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE 
           FIGURE 16 PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.6 AUTOMOTIVE DIESEL TURBOCHARGER MARKET, BY TURBO TYPE 
           FIGURE 17 E-TURBO TO BE FASTEST-GROWING SEGMENTING FORECAST PERIOD
    4.7 MARKET, BY MATERIAL 
           FIGURE 18 CAST IRON MATERIAL TO DOMINATE MARKET DURING FORECAST PERIOD
    4.8 OFF-HIGHWAY MARKET, BY APPLICATION 
           FIGURE 19 AGRICULTURAL TRACTORS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
    4.9 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE 
           FIGURE 20 LCV SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.10 MARKET, BY REGION 
           FIGURE 21 ASIA PACIFIC TO DOMINATE MARKET IN 2024
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Strict laws related to NOx and CO2 emission levels
                               TABLE 1 OVERVIEW OF EMISSION REGULATION SPECIFICATIONS FOR PASSENGER CARS, 2017–2023
                               TABLE 2 EMISSION NORMS FOR PASSENGER CARS, BY COUNTRY
                               FIGURE 23 EUROPE: CHANGE IN EMISSION LIMITS
                               FIGURE 24 INDIA: CHANGE IN EMISSION LIMITS
                               FIGURE 25 CHINA: CHANGE IN EMISSION LIMITS
                    5.2.1.2 Increasing demand for passenger cars with gasoline engines
                               FIGURE 26 PASSENGER CAR TRENDS IN EUROPE, BY FUEL TYPE, 2023–2030 (VOLUME SHARE)
           5.2.2 RESTRAINTS
                    5.2.2.1 High maintenance costs and cooling oil requirements
                    5.2.2.2 Increasing adoption of electric vehicles
                               FIGURE 27 ELECTRIC VEHICLE SALES, BY VEHICLE TYPE, 2019 VS. 2030
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of electric turbochargers
           5.2.4 CHALLENGES
                    5.2.4.1 Turbo lag
                    5.2.4.2 Availability of very few materials to withstand high temperature of turbocharger components
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 28 UPCOMING EMISSION REGULATIONS TO SHIFT FOCUS TO TURBOCHARGED GASOLINE ENGINES AND ELECTRIC PROPULSION
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 29 ECOSYSTEM ANALYSIS
           5.4.1 TURBOCHARGER COMPONENT MANUFACTURERS
           5.4.2 TURBOCHARGER MANUFACTURERS
           5.4.3 OEMS
                    TABLE 3 ROLE OF COMPANIES IN ECOSYSTEM
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 30 SUPPLY CHAIN ANALYSIS
    5.6 PATENT ANALYSIS 
           5.6.1 INTRODUCTION
                    FIGURE 31 PATENT ANALYSIS
           5.6.2 LIST OF MAJOR PATENTS
                    TABLE 4 INNOVATIONS AND PATENT REGISTRATIONS
    5.7 PRICING ANALYSIS 
           5.7.1 TURBO TYPE, BY REGION
                    TABLE 5 AVERAGE REGIONAL PRICE TREND: BY TURBO TYPE AND REGION (USD/UNIT), 2020−2024
                    FIGURE 32 AVERAGE SELLING PRICE TREND, BY TURBO TYPE, 2020−2024
           5.7.2 VEHICLE TYPE, BY REGION
                    TABLE 6 AVERAGE REGIONAL PRICE TREND: BY VEHICLE TYPE, BY REGION (USD/UNIT), 2020−2024
    5.8 CASE STUDY ANALYSIS 
           5.8.1 DEVELOPMENT OF EBOOSTER TECHNOLOGY BY BORGWARNER TO REDUCE EMISSIONS
           5.8.2 DEVELOPMENT OF HIGH-EFFICIENCY GAS ENGINE WITH TWO-STAGE TURBOCHARGING SYSTEM BY MITSUBISHI HEAVY INDUSTRIES LTD
           5.8.3 GARRETT MOTION DEVELOPED E-TURBOCHARGERS FOR PASSENGER CARS
           5.8.4 DEVELOPMENT OF KEY TECHNOLOGY FOR EU7– HYBRIDIZED POWERTRAIN BY GARRETT
           5.8.5 TURBOCHARGER HOUSING DESIGN BY IHI CORPORATION
           5.8.6 DEVELOPMENT OF NATURAL GAS TURBOCHARGER TECHNOLOGY BY CUMMINS TURBO TECHNOLOGIES
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 KEY TECHNOLOGIES
                    5.9.1.1 Electric turbochargers
                    5.9.1.2 Two-stage turbochargers
           5.9.2 ADJACENT TECHNOLOGY
                    5.9.2.1 Turbocharger speed sensors
    5.10 REGULATORY LANDSCAPE 
           5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.10.2 EMISSION REGULATIONS
                    5.10.2.1 On-road vehicles
                               TABLE 11 TIMELINE OF EURO REGULATIONS FOR HEAVY-DUTY ENGINES AND PASSENGER VEHICLES
                               TABLE 12 HISTORICAL OVERVIEW OF ON-ROAD VEHICLE EMISSION REGULATIONS FOR PASSENGER CARS, 2016–2021
                               FIGURE 33 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR HEAVY-DUTY VEHICLES, 2019–2030
                    5.10.2.2 Non-road mobile machinery (NRMM) emission regulation outlook
                               FIGURE 34 NRMM EMISSION REGULATION OUTLOOK, OFF-HIGHWAY VEHICLES, 2019–2030
    5.11 FUEL ECONOMY NORMS 
           5.11.1 US
                    TABLE 13 US: CAFE STANDARDS FOR EACH MODEL YEAR IN MILES PER GALLON, 2019−2025
           5.11.2 EUROPE
           5.11.3 CHINA
                    TABLE 14 CHINA: CHINA 6A AND 6B STANDARD, 2021 ONWARDS
           5.11.4 INDIA
    5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP VEHICLE TYPES
                    TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP VEHICLE TYPES
           5.12.2 BUYING CRITERIA
                    FIGURE 36 KEY BUYING CRITERIA FOR TOP TURBO TYPES
                    TABLE 16 KEY BUYING CRITERIA FOR TOP TURBO TYPES
    5.13 KEY CONFERENCES AND EVENTS 
                    TABLE 17 KEY CONFERENCES AND EVENTS, 2024−2025
    5.14 TRADE DATA ANALYSIS 
           5.14.1 IMPORT DATA
                    TABLE 18 US: IMPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 19 CHINA: IMPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 20 JAPAN: IMPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 21 GERMANY: IMPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 22 FRANCE: IMPORT SHARE, BY COUNTRY, 2019−2023 (USD)
           5.14.2 EXPORT DATA
                    TABLE 23 US: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 24 CHINA: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 25 JAPAN: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 26 INDIA: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 27 GERMANY: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
                    TABLE 28 FRANCE: EXPORT SHARE, BY COUNTRY, 2019−2023 (USD)
    5.15 IMPACT OF REGULATIONS/TRADE AGREEMENTS ON AUTOMOTIVE TURBOCHARGER MARKET, BY REGION 
           5.15.1 NORTH AMERICA
                    5.15.1.1 United States-Mexico-Canada Agreement (USMCA)
                    5.15.1.2 Investment summary
                    5.15.1.3 Impact on automotive components, including turbochargers
           5.15.2 ASIA PACIFIC
                    5.15.2.1 Regional Comprehensive Economic Partnership (RCEP)
                    5.15.2.2 Japan-ASEAN Free Trade Agreement (JAEPA)
                    5.15.2.3 Make in India
           5.15.3 EUROPE
                    5.15.3.1 EU-Japan Economic Partnership Agreement (EPA)
    5.16 INVESTMENT SCENARIO 
                    FIGURE 37 INVESTMENT SCENARIO, 2020−2024
                    TABLE 29 LIST OF FEW FUNDING IN 2020−2021
 
6 AUTOMOTIVE DIESEL TURBOCHARGER MARKET, BY TURBO TYPE (Page No. - 109)
    6.1 INTRODUCTION 
           FIGURE 38 MARKET, BY TURBO TYPE, 2024 VS. 2030
           TABLE 30 MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 31 MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
           TABLE 32 MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
           TABLE 33 MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
    6.2 VARIABLE GEOMETRY TURBOCHARGER (VGT) 
           6.2.1 RISING DEMAND FOR TECHNOLOGIES OFFERING HIGH EFFICIENCY AND LOW CARBON EMISSION TO DRIVE MARKET
                    TABLE 34 VGT: AUTOMOTIVE DIESEL TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 35 VGT: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 36 VGT: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 37 VGT: MARKET, BY REGION, 2024–2030 (USD MILLION)
    6.3 WASTEGATE TURBOCHARGER 
           6.3.1 INCREASING DEMAND FOR SMALL CARS IN ASIA PACIFIC TO DRIVE MARKET
                    TABLE 38 WASTEGATE TURBOCHARGER: AUTOMOTIVE DIESEL TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 39 WASTEGATE TURBOCHARGER: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 40 WASTEGATE TURBOCHARGER: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 41 WASTEGATE TURBOCHARGER: MARKET, BY REGION, 2024–2030 (USD MILLION)
    6.4 ELECTRIC TURBOCHARGER (E-TURBO) 
           6.4.1 INCREASING USE OF MILD HYBRID VEHICLES TO DRIVE MARKET
                    TABLE 42 E-TURBO: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 43 E-TURBO: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 44 E-TURBO: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 45 E-TURBO: MARKET, BY REGION, 2024–2030 (USD MILLION)
    6.5 VARIABLE TWIN-SCROLL TURBOCHARGER 
    6.6 TWIN TURBOCHARGER 
           6.6.1 TWO-STAGE SERIES TURBOCHARGER
           6.6.2 TWO-STAGE PARALLEL TURBOCHARGER
           6.6.3 TWIN-SCROLL TURBOCHARGER
    6.7 FREE-FLOATING TURBOCHARGER 
    6.8 DOUBLE AXLE TURBOCHARGER 
    6.9 PRIMARY INSIGHTS 
 
7 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY TURBO TYPE (Page No. - 120)
    7.1 INTRODUCTION 
           FIGURE 39 MARKET, BY TURBO TYPE, 2024 VS. 2030
           TABLE 46 MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 47 MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
           TABLE 48 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
           TABLE 49 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
    7.2 VARIABLE GEOMETRY TURBOCHARGER/VARIABLE NOZZLE TURBOCHARGER (VGT/VNT) 
           7.2.1 INCREASING DEMAND FOR HIGH-PERFORMANCE VEHICLES TO DRIVE MARKET
                    TABLE 50 VGT: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 51 VGT: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 52 VGT: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 53 VGT: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    7.3 WASTEGATE TURBOCHARGER 
           7.3.1 NEED FOR SMALLER AND MORE EFFICIENT ENGINES TO DRIVE MARKET
                    TABLE 54 WASTEGATE TURBOCHARGER: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 55 WASTEGATE TURBOCHARGER: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 56 WASTEGATE TURBOCHARGER: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 57 WASTEGATE TURBOCHARGER: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    7.4 ELECTRIC TURBOCHARGER (E-TURBO) 
           7.4.1 ENGINE DOWNSIZING TO IMPROVE FUEL EFFICIENCY AND REDUCE EMISSIONS TO DRIVE MARKET
                    TABLE 58 E-TURBO: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 59 E-TURBO: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 60 E-TURBO: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 61 E-TURBO: AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    7.5 VARIABLE TWIN-SCROLL TURBOCHARGER 
    7.6 TWIN TURBOCHARGER 
           7.6.1 TWO-STAGE SERIES TURBOCHARGER
           7.6.2 TWO-STAGE PARALLEL TURBOCHARGER
           7.6.3 TWIN-SCROLL TURBOCHARGER
    7.7 PRIMARY INSIGHTS 
 
8 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE (Page No. - 131)
    8.1 INTRODUCTION 
           FIGURE 40 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE, 2024 VS, 2030
           TABLE 62 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 63 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
           TABLE 64 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
           TABLE 65 AUTOMOTIVE GASOLINE TURBOCHARGER MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
    8.2 PASSENGER CAR 
           8.2.1 CONSUMER PREFERENCES AND ADVANCEMENTS IN TECHNOLOGY TO DRIVE MARKET
                    TABLE 66 PASSENGER CAR: GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 67 PASSENGER CAR: GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 68 PASSENGER CAR: GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 69 PASSENGER CAR: GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    8.3 LIGHT COMMERCIAL VEHICLE (LCV) 
           8.3.1 LOWER UPFRONT COSTS OF LCVS WITH GASOLINE ENGINES TO DRIVE MARKET
                    TABLE 70 LCV: GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 71 LCV: GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 72 LCV: GASOLINE TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 73 LCV: GASOLINE TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    8.4 PRIMARY INSIGHTS 
 
9 AUTOMOTIVE TURBOCHARGER MARKET, BY VEHICLE TYPE (Page No. - 139)
    9.1 INTRODUCTION 
           FIGURE 41 MARKET, BY VEHICLE TYPE, 2024 VS. 2030
           TABLE 74 MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 75 MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
           TABLE 76 MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
           TABLE 77 MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
    9.2 PASSENGER CAR 
           9.2.1 TREND FOR SMALLER AND MORE FUEL-EFFICIENT GASOLINE ENGINES TO DRIVE MARKET
                    TABLE 78 PASSENGER CAR TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 79 PASSENGER CAR TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 80 PASSENGER CAR TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 81 PASSENGER CAR TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.3 LIGHT COMMERCIAL VEHICLE (LCV) 
           9.3.1 GROWING PRODUCTION OF LCVS WITH DIESEL ENGINES TO DRIVE MARKET
                    TABLE 82 LCV TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 83 LCV TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 84 LCV TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 85 LCV TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.4 TRUCK 
           9.4.1 GROWTH IN CONSTRUCTION AND TRANSPORTATION INDUSTRIES TO DRIVE MARKET
                    TABLE 86 TRUCK TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 87 TRUCK TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 88 TRUCK TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 89 TRUCK TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.5 BUS 
           9.5.1 INCREASE IN DEMAND FOR PUBLIC AND PRIVATE TRANSPORTATION TO DRIVE MARKET
                    TABLE 90 BUS TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 91 BUS TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                    TABLE 92 BUS TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 93 BUS TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.6 PRIMARY INSIGHTS 
 
10 AUTOMOTIVE TURBOCHARGER MARKET, BY FUEL TYPE (Page No. - 150)
     10.1 INTRODUCTION 
               FIGURE 42 MARKET, BY FUEL TYPE, 2024 VS. 2030 (USD MILLION)
               TABLE 94 MARKET, BY FUEL TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 95 MARKET, BY FUEL TYPE, 2024–2030 (THOUSAND UNITS)
               TABLE 96 MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION)
               TABLE 97 MARKET, BY FUEL TYPE, 2024–2030 (USD MILLION)
     10.2 DIESEL 
             10.2.1 INCREASING DEMAND FOR HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET
                       TABLE 98 DIESEL: AUTOMOTIVE TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 99 DIESEL: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 100 DIESEL: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 101 DIESEL: MARKET, BY REGION, 2024–2030 (USD MILLION)
     10.3 GASOLINE 
             10.3.1 ABILITY TO INCREASE ENGINE EFFICIENCY AND DECREASE FUEL USE TO DRIVE MARKET
                       TABLE 102 GASOLINE: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 103 GASOLINE: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 104 GASOLINE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 105 GASOLINE: MARKET, BY REGION, 2024–2030 (USD MILLION)
     10.4 ALTERNATIVE FUEL/CNG 
             10.4.1 CHANGING GOVERNMENT REGULATIONS TO DRIVE MARKET
                       TABLE 106 ALTERNATIVE FUEL/CNG: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 107 ALTERNATIVE FUEL/CNG: MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 108 ALTERNATIVE FUEL/CNG: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 109 ALTERNATIVE FUEL/CNG: MARKET, BY REGION, 2024–2030 (USD MILLION)
     10.5 PRIMARY INSIGHTS 
 
11 AUTOMOTIVE TURBOCHARGER MARKET, BY COMPONENT (Page No. - 159)
     11.1 INTRODUCTION 
               FIGURE 43 AUTOMOTIVE TURBOCHARGER MARKET, BY COMPONENT, 2024 VS. 2030
            TABLE 110 MARKET, BY COMPONENT, 2019–2023 (THOUSAND UNITS)
               TABLE 111 MARKET, BY COMPONENT, 2024–2030 (THOUSAND TONS)
               TABLE 112 MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
               TABLE 113 MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
     11.2 TURBINE WHEEL 
             11.2.1 GROWING DEMAND FOR LDVS TO DRIVE MARKET
                       TABLE 114 TURBINE WHEEL: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 115 TURBINE WHEEL: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 116 TURBINE WHEEL: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 117 TURBINE WHEEL: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     11.3 COMPRESSOR WHEEL 
             11.3.1 ADDITIVE MANUFACTURING TO DRIVE MARKET
                       TABLE 118 COMPRESSOR WHEEL: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 119 COMPRESSOR WHEEL: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 120 COMPRESSOR WHEEL: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 121 COMPRESSOR WHEEL: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     11.4 HOUSING 
             11.4.1 LDV SEGMENT TO DRIVE MARKET
                       TABLE 122 HOUSING: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 123 HOUSING: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 124 HOUSING: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 125 HOUSING: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     11.5 PRIMARY INSIGHTS 
 
12 AUTOMOTIVE TURBOCHARGER MARKET, BY MATERIAL (Page No. - 167)
     12.1 INTRODUCTION 
               FIGURE 44 MARKET, BY MATERIAL, 2024 VS. 2030
               TABLE 126 MARKET, BY MATERIAL, 2019–2023 (THOUSAND TONS)
               TABLE 127 MARKET, BY MATERIAL, 2024–2030 (THOUSAND TONS)
               TABLE 128 MARKET, BY MATERIAL, 2019–2023 (USD MILLION)
               TABLE 129 MARKET, BY MATERIAL, 2024–2030 (USD MILLION)
     12.2 CAST IRON 
             12.2.1 GROWING DEMAND FOR COST-EFFECTIVE AND HEAT-RESISTANT MATERIALS TO DRIVE MARKET
                       TABLE 130 CAST IRON: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND TONS)
                       TABLE 131 CAST IRON: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND TONS)
                       TABLE 132 CAST IRON: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 133 CAST IRON: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     12.3 ALUMINUM 
             12.3.1 INCREASING USE OF ALUMINUM TURBINE HOUSING IN LDVS TO DRIVE MARKET
                       TABLE 134 ALUMINUM: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND TONS)
                       TABLE 135 ALUMINUM: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND TONS)
                       TABLE 136 ALUMINUM: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 137 ALUMINUM: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     12.4 OTHER MATERIALS 
               TABLE 138 OTHER MATERIALS: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND TONS)
               TABLE 139 OTHER MATERIALS: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND TONS)
               TABLE 140 OTHER MATERIALS: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 141 OTHER MATERIALS: MARKET, BY VEHICLE TYPE, 2024–2030 USD MILLION)
     12.5 PRIMARY INSIGHTS 
 
13 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION (Page No. - 175)
     13.1 INTRODUCTION 
               FIGURE 45 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION, 2024 VS. 2030
               TABLE 142 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION, 2019–2023 (THOUSAND UNITS)
               TABLE 143 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION, 2024–2030 (THOUSAND UNITS)
               TABLE 144 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
               TABLE 145 OFF-HIGHWAY TURBOCHARGER MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
     13.2 AGRICULTURAL TRACTORS 
             13.2.1 INCREASING DEMAND FOR HIGH-PERFORMANCE POWER TRACTORS TO DRIVE MARKET
                       TABLE 146 AGRICULTURAL TRACTOR TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 147 AGRICULTURAL TRACTOR TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 148 AGRICULTURAL TRACTOR TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 149 AGRICULTURAL TRACTOR TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
     13.3 CONSTRUCTION EQUIPMENT 
             13.3.1 GROWTH IN CONSTRUCTION INDUSTRY IN ASIA PACIFIC AND NORTH AMERICA TO DRIVE MARKET
                       TABLE 150 CONSTRUCTION EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 151 CONSTRUCTION EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 152 CONSTRUCTION EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 153 CONSTRUCTION EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
     13.4 MINING EQUIPMENT 
             13.4.1 GROWING MINING ACTIVITIES TO DRIVE MARKET
                       TABLE 154 MINING EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 155 MINING EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 156 MINING EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 157 MINING EQUIPMENT TURBOCHARGER MARKET, BY REGION, 2024–2030 (USD MILLION)
     13.5 PRIMARY INSIGHTS 
 
14 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE (Page No. - 184)
     14.1 INTRODUCTION 
                       FIGURE 46 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION)
               TABLE 158 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 159 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
               TABLE 160 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 161 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     14.2 LIGHT COMMERCIAL VEHICLE (LCV) 
             14.2.1 GROWING DEMAND FOR TURBOCHARGER REPLACEMENTS FOR LCVS TO DRIVE MARKET
                       TABLE 162 LCV TURBOCHARGER AFTERMARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 163 LCV TURBOCHARGER AFTERMARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 164 LCV TURBOCHARGER AFTERMARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 165 LCV TURBOCHARGER AFTERMARKET, BY REGION, 2024–2030 (USD MILLION)
     14.3 HEAVY COMMERCIAL VEHICLE (HCV) 
             14.3.1 EXTENSIVE USE OF HCVS IN LOGISTICS AND TRANSPORTATION TO DRIVE MARKET
                       TABLE 166 HCV TURBOCHARGER AFTERMARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                       TABLE 167 HCV TURBOCHARGER AFTERMARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
                       TABLE 168 HCV TURBOCHARGER AFTERMARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 169 HCV TURBOCHARGER AFTERMARKET, BY REGION, 2024–2030 (USD MILLION)
     14.4 PRIMARY INSIGHTS 
 
15 AUTOMOTIVE TURBOCHARGER MARKET, BY REGION (Page No. - 191)
     15.1 INTRODUCTION 
               FIGURE 47 MARKET, BY REGION, 2024–2030
               TABLE 170 MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
               TABLE 171 MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
               TABLE 172 MARKET, BY REGION, 2019–2023 (USD MILLION)
               TABLE 173 MARKET, BY REGION, 2024–2030 (USD MILLION)
             15.1.1 MARKET, BY TURBO TYPE
                       TABLE 174 MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 175 MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 176 MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
                       TABLE 177 MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
     15.2 ASIA PACIFIC 
             15.2.1 ECONOMIC RECESSION IMPACT
                       FIGURE 48 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 178 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
                       TABLE 179 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
                       TABLE 180 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 181 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
             15.2.2 AUTOMOTIVE TURBOCHARGER MARKET, BY TURBO TYPE
                       TABLE 182 ASIA PACIFIC:MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 183 ASIA PACIFIC: MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 184 ASIA PACIFIC: MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
                       TABLE 185 ASIA PACIFIC: MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
             15.2.3 CHINA
                       15.2.3.1 Growing demand for TGDI engines to drive MARKET
                                   TABLE 186 CHINA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 187 CHINA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 188 CHINA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 189 CHINA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.4 INDIA
                       15.2.4.1 Growth in sales of gasoline vehicles to drive market
                                   TABLE 190 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 191 INDIA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 192 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 193 INDIA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.5 JAPAN
                       15.2.5.1 Growing performance-oriented vehicle market to drive market
                                   TABLE 194 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 195 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 196 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 197 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.6 SOUTH KOREA
                       15.2.6.1 Growing popularity of gasoline vehicles to drive market
                                   TABLE 198 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 199 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 200 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 201 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.7 THAILAND
                       15.2.7.1 Government incentives and stringent emission norms to drive market
                                   TABLE 202 THAILAND: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 203 THAILAND: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 204 THAILAND: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 205 THAILAND: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.8 INDONESIA
                       15.2.8.1 Rising demand for fuel-efficient vehicles and stricter emission standards to drive market
                                   TABLE 206 INDONESIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 207 INDONESIA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 208 INDONESIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 209 INDONESIA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.2.9 REST OF ASIA PACIFIC
                       TABLE 210 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 211 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 212 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 213 REST OF ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     15.3 EUROPE 
             15.3.1 ECONOMIC RECESSION IMPACT
                       FIGURE 49 EUROPE: MARKET SNAPSHOT
                       TABLE 214 EUROPE: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
                       TABLE 215 EUROPE: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
                       TABLE 216 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 217 EUROPE: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
             15.3.2 AUTOMOTIVE TURBOCHARGER MARKET, BY TURBO TYPE
                       TABLE 218 EUROPE: MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 219 EUROPE: MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 220 EUROPE: MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
                       TABLE 221 EUROPE: MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
             15.3.3 GERMANY
                       15.3.3.1 Strict emission norms and shift toward gasoline vehicles to drive MARKET
                                   TABLE 222 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 223 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 224 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 225 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.4 FRANCE
                       15.3.4.1 Government regulations and presence of domestic automakers to drive market
                                   TABLE 226 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 227 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 228 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 229 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.5 UK
                       15.3.5.1 Target to reduce CO2 emissions from cars to drive market
                                   TABLE 230 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 231 UK: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 232 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 233 UK: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.6 SPAIN
                       15.3.6.1 Commitment to reducing carbon footprint to drive market
                                   TABLE 234 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 235 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 236 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 237 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.7 ITALY
                       15.3.7.1 Government subsidies and demand for high-performance vehicles to drive market
                                   TABLE 238 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 239 ITALY: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 240 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 241 ITALY: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.8 RUSSIA
                       15.3.8.1 Stringent emission norms to drive market
                                   TABLE 242 RUSSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 243 RUSSIA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 244 RUSSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 245 RUSSIA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.3.9 TURKEY
                       15.3.9.1 Reduced emission limits for diesel vehicles and increased fuel prices to drive market
                                   TABLE 246 TURKEY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 247 TURKEY: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 248 TURKEY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 249 TURKEY: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
               15.3.10 REST OF EUROPE
                                   TABLE 250 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 251 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 252 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 253 REST OF EUROPE: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     15.4 NORTH AMERICA 
             15.4.1 ECONOMIC RECESSION IMPACT
                       TABLE 254 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
                       TABLE 255 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
                       TABLE 256 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 257 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
             15.4.2 MARKET, BY TURBO TYPE
                       TABLE 258 NORTH AMERICA: MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 259 NORTH AMERICA: MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 260 NORTH AMERICA: MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
                       TABLE 261 NORTH AMERICA: MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
             15.4.3 US
                       15.4.3.1 Stringent emission norms and adoption of gasoline TGDI engines to drive market
                                   TABLE 262 US: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 263 US: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 264 US: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 265 US: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.4.4 CANADA
                       15.4.4.1 Growing demand for high fuel economy to drive market
                                   TABLE 266 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 267 CANADA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 268 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 269 CANADA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.4.5 MEXICO
                       15.4.5.1 Rising fuel prices and stringent emission norms to drive market
                                   TABLE 270 MEXICO: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 271 MEXICO: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 272 MEXICO: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 273 MEXICO: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     15.5 REST OF THE WORLD (ROW) 
             15.5.1 RECESSION IMPACT
                       TABLE 274 ROW: MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)
                       TABLE 275 ROW: MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)
                       TABLE 276 ROW: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 277 ROW: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
             15.5.2 AUTOMOTIVE TURBOCHARGER MARKET, BY TURBO TYPE
                       TABLE 278 ROW: MARKET, BY TURBO TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 279 ROW: MARKET, BY TURBO TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 280 ROW: MARKET, BY TURBO TYPE, 2019–2023 (USD MILLION)
                       TABLE 281 ROW: MARKET, BY TURBO TYPE, 2024–2030 (USD MILLION)
             15.5.3 BRAZIL
                       15.5.3.1 Increasing sales of diesel vehicles to drive MARKET
                                   TABLE 282 BRAZIL: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 283 BRAZIL: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 284 BRAZIL: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 285 BRAZIL: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.5.4 ARGENTINA
                       15.5.4.1 Increasing use of commercial vehicles and shift toward alternate fuels to drive market
                                   TABLE 286 ARGENTINA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 287 ARGENTINA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 288 ARGENTINA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 289 ARGENTINA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.5.5 IRAN
                       15.5.5.1 Emission regulations and exploration of natural gas reserves to drive market
                                   TABLE 290 IRAN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 291 IRAN: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 292 IRAN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 293 IRAN: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.5.6 SOUTH AFRICA
                       15.5.6.1 Increasing production of automobiles and use of HCVs to drive market
                                   TABLE 294 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 295 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                                   TABLE 296 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 297 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
             15.5.7 OTHERS
                       TABLE 298 OTHERS: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                       TABLE 299 OTHERS: MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)
                       TABLE 300 OTHERS: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                       TABLE 301 OTHERS: MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
     15.6 PRIMARY INSIGHTS 
 
16 COMPETITIVE LANDSCAPE (Page No. - 251)
     16.1 OVERVIEW 
     16.2 MARKET SHARE ANALYSIS, 2023 
               FIGURE 50 SHARE OF LEADING PLAYERS IN AUTOMOTIVE TURBOCHARGER MARKET, 2023
               TABLE 302 DEGREE OF COMPETITION, 2023
               FIGURE 51 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020 VS. 2023
     16.3 KEY PLAYERS' STRATEGIES/RIGHT TO WIN, 2022–2024 
               TABLE 303 KEY GROWTH STRATEGIES, 2022–2024
     16.4 COMPANY EVALUATION MATRIX (AUTOMOTIVE TURBOCHARGER MANUFACTURERS) 
             16.4.1 STARS
             16.4.2 EMERGING LEADERS
             16.4.3 PERVASIVE PLAYERS
             16.4.4 PARTICIPANTS
                       FIGURE 52 COMPANY EVALUATION MATRIX (AUTOMOTIVE TURBOCHARGER MANUFACTURERS), 2024
             16.4.5 COMPANY FOOTPRINT (AUTOMOTIVE TURBOCHARGER MANUFACTURERS)
                       FIGURE 53 MARKET: COMPANY FOOTPRINT, 2023
             16.4.6 VEHICLE TYPE FOOTPRINT
                       TABLE 304 MARKET: VEHICLE TYPE FOOTPRINT, 2023
             16.4.7 TURBO TYPE FOOTPRINT
                       TABLE 305 MARKET: TURBO TYPE FOOTPRINT, 2023
             16.4.8 REGION FOOTPRINT
                       TABLE 306 MARKET: REGION FOOTPRINT, 2023
     16.5 COMPANY EVALUATION MATRIX (AUTOMOTIVE TURBOCHARGER COMPONENT MANUFACTURERS) 
             16.5.1 STARS
             16.5.2 EMERGING LEADERS
             16.5.3 PERVASIVE PLAYERS
             16.5.4 PARTICIPANTS
                       FIGURE 54 COMPANY EVALUATION MATRIX (AUTOMOTIVE COMPONENT MANUFACTURERS), 2023
             16.5.5 COMPANY FOOTPRINT (AUTOMOTIVE TURBOCHARGER COMPONENT MANUFACTURERS)
                       FIGURE 55 AUTOMOTIVE TURBOCHARGER (COMPONENT MANUFACTURERS) MARKET: COMPANY FOOTPRINT
             16.5.6 REGION FOOTPRINT
                       TABLE 307 AUTOMOTIVE TURBOCHARGER (COMPONENT MANUFACTURERS) MARKET: REGION FOOTPRINT
             16.5.7 COMPONENT FOOTPRINT
                       TABLE 308 AUTOMOTIVE TURBOCHARGER (COMPONENT MANUFACTURERS) MARKET: COMPONENT FOOTPRINT
     16.6 COMPETITIVE SCENARIOS AND TRENDS 
             16.6.1 PRODUCT LAUNCHES
                       TABLE 309 MARKET: PRODUCT LAUNCHES, JANUARY 2021− DECEMBER 2022
             16.6.2 DEALS
                       TABLE 310 MARKET: DEALS, 2021
             16.6.3 OTHER DEVELOPMENTS
                       TABLE 311 MARKET: OTHER DEVELOPMENTS, JANUARY 2021–DECEMBER 2023
             16.6.4 EXPANSIONS
                       TABLE 312 EXPANSIONS, JANUARY 2022–DECEMBER 2023
     16.7 SUPPLIER ANALYSIS 
               TABLE 313 MARKET: WHO SUPPLIES WHOM, 2021−2024
     16.8 COMPANY VALUATION 
               FIGURE 56 COMPANY VALUATION, 2023 (USD BILLION)
     16.9 FINANCIAL METRICS 
               FIGURE 57 FINANCIAL METRICS, 2023
     16.10 PRODUCT COMPARISON 
     16.11 LIST OF SUPERALLOY MANUFACTURERS 
                       TABLE 314 LIST OF SUPERALLOY MANUFACTURERS
     16.12 LIST OF TURBINE WHEEL MANUFACTURERS 
                       TABLE 315 LIST OF TURBINE WHEEL MANUFACTURERS
 
17 COMPANY PROFILES (Page No. - 277)
(Business overview, Products offered, Recent developments & MnM View)*
     17.1 KEY PLAYERS 
             17.1.1 BORGWARNER INC.
                       TABLE 316 BORGWARNER INC.: COMPANY OVERVIEW
                       FIGURE 58 BORGWARNER INC.: COMPANY SNAPSHOT
                       TABLE 317 BORGWARNER INC.: PRODUCTS OFFERED
                       TABLE 318 BORGWARNER INC.: PRODUCT LAUNCHES
                       TABLE 319 BORGWARNER INC.: DEALS
                       TABLE 320 BORGWARNER INC.: OTHERS
             17.1.2 GARRETT MOTION INC.
                       TABLE 321 GARRETT MOTION INC.: COMPANY OVERVIEW
                       FIGURE 59 GARRETT MOTION INC.: COMPANY SNAPSHOT
                       TABLE 322 GARRETT MOTION INC.: PRODUCTS OFFERED
                       TABLE 323 GARRETT MOTION INC.: PRODUCT LAUNCHES
                       TABLE 324 GARRETT MOTION INC.: DEALS
                       TABLE 325 GARRETT MOTION INC.: EXPANSIONS
                       TABLE 326 GARRETT MOTION INC.: OTHERS
             17.1.3 MITSUBISHI HEAVY INDUSTRIES LTD.
                       TABLE 327 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY OVERVIEW
                       FIGURE 60 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT
                       TABLE 328 MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCTS OFFERED
                       TABLE 329 MITSUBISHI HEAVY INDUSTRIES LTD.: DEALS
             17.1.4 IHI CORPORATION
                       TABLE 330 IHI CORPORATION: COMPANY OVERVIEW
                       FIGURE 61 IHI CORPORATION: COMPANY SNAPSHOT
                       TABLE 331 IHI CORPORATION: PRODUCTS OFFERED
                       TABLE 332 IHI CORPORATION: DEALS
                       TABLE 333 IHI CORPORATION: OTHERS
             17.1.5 CUMMINS INC.
                       TABLE 334 CUMMINS INC.: COMPANY OVERVIEW
                       FIGURE 62 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 335 CUMMINS INC.: PRODUCTS OFFERED
                       TABLE 336 CUMMINS INC.: PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 337 CUMMINS INC.: EXPANSIONS
             17.1.6 BMTS TECHNOLOGY
                       TABLE 338 BMTS TECHNOLOGY: COMPANY OVERVIEW
                       TABLE 339 BMTS TECHNOLOGY: PRODUCTS OFFERED
                       TABLE 340 BMTS TECHNOLOGY: DEALS
                       TABLE 341 BMTS TECHNOLOGY: OTHERS
                       TABLE 342 BMTS TECHNOLOGY: EXPANSIONS
             17.1.7 VITESCO TECHNOLOGIES GMBH
                       TABLE 343 VITESCO TECHNOLOGIES GMBH: COMPANY OVERVIEW
                       FIGURE 63 VITESCO TECHNOLOGIES GMBH: COMPANY SNAPSHOT
                       TABLE 344 VITESCO TECHNOLOGIES GMBH: PRODUCTS OFFERED
                       TABLE 345 VITESCO TECHNOLOGIES GMBH: DEALS
             17.1.8 CHANGCHUN FAWER-IHI TURBOCHARGER CO., LTD
                       TABLE 346 CHANGCHUN FAWER-IHI TURBOCHARGER CO., LTD: COMPANY OVERVIEW
                       TABLE 347 CHANGCHUN FAWER-IHI TURBOCHARGER CO., LTD: PRODUCTS OFFERED
             17.1.9 TURBO ENERGY PRIVATE LIMITED
                       TABLE 348 TURBO ENERGY PRIVATE LIMITED: COMPANY OVERVIEW
                       TABLE 349 TURBO ENERGY PRIVATE LIMITED: PRODUCTS OFFERED
             17.1.10 CONTINENTAL AG
                                   TABLE 350 CONTINENTAL AG: COMPANY OVERVIEW
                                   FIGURE 64 CONTINENTAL AG: COMPANY SNAPSHOT
                                   TABLE 351 CONTINENTAL AG: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     17.2 OTHER PLAYERS 
             17.2.1 ROTOMASTER
                       TABLE 352 ROTOMASTER: COMPANY OVERVIEW
             17.2.2 NINGBO WEIFU TIANLI SUPERCHARGING TECHNOLOGY CO., LTD.
                       TABLE 353 NINGBO WEIFU TIANLI SUPERCHARGING TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             17.2.3 TURBONETICS INC.
                       TABLE 354 TURBONETICS INC.: COMPANY OVERVIEW
             17.2.4 TURBO INTERNATIONAL
                       TABLE 355 TURBO INTERNATIONAL: COMPANY OVERVIEW
             17.2.5 KOMPRESSORENBAU BANNEWITZ GMBH
                       TABLE 356 KOMPRESSORENBAU BANNEWITZ GMBH: COMPANY OVERVIEW
             17.2.6 MAGNUM PERFORMANCE TURBOS
                       TABLE 357 MAGNUM PERFORMANCE TURBOS: COMPANY OVERVIEW
             17.2.7 WEIFANG FUYUAN TURBOCHARGER CO., LTD.
                       TABLE 358 WEIFANG FUYUAN TURBOCHARGER CO., LTD.: COMPANY OVERVIEW
             17.2.8 HUNAN TYEN MACHINERY CO., LTD.
                       TABLE 359 HUNAN TYEN MACHINERY CO., LTD.: COMPANY OVERVIEW
             17.2.9 MAN ENERGY SOLUTIONS
                       TABLE 360 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW
             17.2.10 KEYYANG PRECISION CO., LTD
                                   TABLE 361 KEYYANG PRECISION CO., LTD: COMPANY OVERVIEW
             17.2.11 FUYUAN TURBOCHARGER CO. LTD
                                   TABLE 362 FUYUAN TURBOCHARGER CO. LTD: COMPANY OVERVIEW
 
18 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 321)
     18.1 ASIA PACIFIC TO BE MAJOR MARKET FOR AUTOMOTIVE TURBOCHARGERS 
     18.2 ELECTRIC TURBOCHARGERS TO BE KEY FOCUS FOR MANUFACTURERS 
     18.3 CONCLUSION 
 
19 APPENDIX (Page No. - 323)
     19.1 KEY INDUSTRY INSIGHTS 
     19.2 DISCUSSION GUIDE 
     19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     19.4 CUSTOMIZATION OPTIONS 
             19.4.1 MARKET, BY SALES CHANNEL
             19.4.2 OFF-HIGHWAY TURBOCHARGER MARKET, BY TECHNOLOGY
             19.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS
     19.5 RELATED REPORTS 
     19.6 AUTHOR DETAILS 

The research study involved various secondary sources, such as company annual reports/presentations, industry association publications, automotive turbocharger magazine articles, directories, technical handbooks, world economic outlook, trade websites, technical articles, and databases, which were used to identify and collect information for an extensive study of the automotive turbocharger market. Primary sources—experts from related industries, automobile OEMs, and suppliers—were interviewed to obtain and verify critical information and assess prospects and market estimations.

Secondary Research

The automotive turbocharger market is directly dependent on vehicle production. The vehicle production is derived from various secondary sources such as automotive industry organizations, corporate filings (such as annual reports, investor presentations, and financial statements), trade analysis, paid repositories, and automotive associations such as Organisation Internationale des Constructeurs d'Automobiles (OICA). Historical production data was collected and analyzed, and the industry trend is considered to arrive at the forecast, further validated by primary research. All the data was collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. Primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.

After interacting with industry experts, brief sessions with highly experienced independent consultants were conducted to reinforce the findings from the primaries. This and the in-house subject matter experts’ opinions have led to the findings described in this report's remainder.

Automotive Turbocharger  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the automotive turbocharger market. This approach considered the vehicle production statistics for each vehicle type (passenger cars, LCVs, trucks, and buses) at a country and regional level. The country-level penetration of turbochargers in gasoline, diesel & alternate fuel/CNG engines is derived through country-wise model mapping of vehicle types, validated through primary respondents. This gives the country-level gasoline and diesel turbochargers market by vehicle and turbo types. The summation of the country-level markets gives the regional market, and further summation of the regional markets provides the global on-highway turbocharger market. A similar methodology was followed to estimate the automotive turbocharger market for off-highway vehicles (construction equipment, agricultural tractors, and mining equipment).

Automotive Turbocharger Market: Bottom-Up Approach

Automotive Turbocharger  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Automotive Turbocharger Market: Top-Down Approach

The top-down approach was followed to determine the market size, in terms of volume, for turbochargers by material. The global automotive turbocharger market derives the region-wise volume of turbocharged light-duty (passenger car & LDV) and heavy-duty (HDV) vehicles. The average weight of the turbocharger is derived from secondary sources and is validated through primary interviews. The average percentage of cast iron, aluminum, and other materials for turbocharger components is derived from secondary sources. Then, the total number of turbocharged LDVs is multiplied by the average weight of the turbocharger and the share of each material type. This gives the total weight of each material type. This calculation was repeated for heavy-duty vehicles as well.

Automotive Turbocharger  Market Top Down Approach

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by the primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Market Definition

A turbocharger can compress more air into the engine’s cylinder. The oxygen molecules are packed closer together when the air is compressed. This increase in the air means more fuel can be added to a naturally aspirated engine of the same size. The same engine then generates increased mechanical power and improves the overall efficiency of the combustion process. Therefore, the engine size can be reduced to a turbocharged engine, leading to better packaging, weight-saving benefits, and improved fuel economy.

Key Stakeholders

  • On-highway vehicles and off-highway Equipment Manufacturers
  • Automotive Turbocharger and Component Manufacturers
  • Raw material Suppliers
  • Automotive OEMs
  • Regulatory Bodies
  • Software providers
  • Traders, dealers, Suppliers, and Distributors

Report Objectives

  • To define, describe, and forecast the size of the global automotive turbocharger market in terms of value (USD million) and volume (million units)
    • By Vehicle Type (Passenger cars, LCVs, HCVs, Trucks, Buses) at the regional level
    • By Fuel Type (Gasoline, Diesel, Alternate fuel/CNG) at the regional level
    • Diesel Turbocharger Market, By Turbo Type (VGT, Wastegate, E-Turbocharger) at the regional level
    • Gasoline Turbocharger Market, By Turbo Type (VGT, Wastegate, E-Turbocharger) at the regional level
    • Gasoline Turbocharger Market, By Vehicle Type (Passenger cars, LCVs, HCVs, Trucks, Buses) at the regional level
    • By Material (Cast Iron, Aluminum, Others) at the regional level
    • By Component (Turbine wheel, Compressor wheel, Housing) at the regional level 
    • Off-highway automotive turbocharger Market, By Application (Agriculture Tractors, Construction Equipment, and Mining Equipment) at a regional level
    • Aftermarket, By vehicle type (LCV and HCV) at a regional level.
    • By Region (Asia Pacific, Europe, North America, and the Rest of the World) by turbo type and vehicle type
    • Country-level analysis of class-wise and usage-wise segments (Asia Pacific, Europe, and North America)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the competitive landscape of the global players in the market, along with their market share/ranking
  • To analyze the competitive leadership mapping of the global automotive turbocharger manufacturers and automotive turbocharger component suppliers in the market.
  • To analyze recent developments, including expansions and new product launches, undertaken by key industry participants in the market
  • To strategically analyze the market with trade analysis, case studies, patent analysis, supply chain analysis, market ecosystem, pricing analysis, and the impact of the recession.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

The following customization options are available for the report:

Automotive Turbocharger Market, By Sales Channel

  • Original Equipment Manufacturer
  • Aftermarket

Off-highway TURBOCHARGER MARKET, BY technology

  • Wastegate
  • Variable Geometry Turbochargers (VGT)
  • Electric Actuator

Note: This market sizing will be further segmented at the regional level.

Detailed Analysis And Profiling Of Additional Market Players

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 2628
Published ON
Apr, 2024
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