Automotive Turbocharger Market

Automotive Turbocharger Market worth $31.6 billion by 2025

The report "Automotive Turbocharger Market by Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Ice & Hybrid Vehicle, Fuel Type, Off-Highway (Agricultural, Construction, Locomotive), Aftermarket, and Region - Global Forecast to 2025", is estimated to be USD 16.9 billion in 2018 and is projected to reach USD 31.6 billion by 2025, at a CAGR of 9.4% from 2018 to 2025. The growth of the automotive turbocharger market is influenced by factors such as the increasing production of commercial vehicles that have turbochargers as a standard fitment and shift from diesel to gasoline cars. In addition, changing consumer preferences for greater power generating vehicles, increasing use of gasoline turbocharger, and stringent emission regulations are expected to drive the growth of the market.

Browse 105 market data Tables and 59 Figures spread through 163 Pages and in-depth TOC on "Automotive Turbocharger Market by Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Ice & Hybrid Vehicle, Fuel Type, Off-Highway (Agricultural, Construction, Locomotive), Aftermarket, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/turbochargers-market-919.html

VGT/VNT technology is projected to be the largest market for automotive turbocharger in the near future

VGT/VNT technology is expected to dominate the automotive turbocharger market. This technology facilitates the change of the effective aspect ratio, also called the A/R ratio, based on any change in engine speed. It helps to overcome the limitation of fixed geometry turbocharger (FGT)/wastegate turbocharger in which the effective area between vanes remains the same throughout its working. VGT turbocharger is widely used in Europe and North America.

Gasoline turbocharger is expected to be the fastest growing market during the forecast period

The need to increase fuel economy and reduce emission has compelled OEMs to use turbochargers in petrol vehicles. The growing stringency of emission regulations in Europe and North America has led to the increasing installation of turbochargers in passenger cars. However, the demand for gasoline turbocharger is lesser in Asian countries such as China and India as the cost of a gasoline turbocharger is higher than diesel turbocharger. Also, the use of support technologies such as gasoline direct injection increases the overall cost of the car.

Asia Oceania is projected to be the largest and fastest growing automotive turbocharger market

The Asia Oceania market is estimated to account for the largest share, by value, of the automotive turbocharger market in 2018. The market growth in the region can be attributed to upcoming emission regulations such as China 6 in China and BS 6 in India. These regulations will increase the demand for fuel-efficient vehicles, which in turn will drive the automotive turbocharger market in Asia. As small cars dominate the Asia Oceania market, OEMs are increasingly focusing on engine downsizing with turbocharger application.

Europe is estimated to be the second largest market for automotive turbocharger market. However, the decline in diesel cars in Europe will shift the focus toward gasoline turbochargers for passenger cars. Also, the increasing adoption of gasoline direct injection coupled with stricter CO2 emission targets will drive the demand for gasoline turbochargers in Europe.

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Report Code
AT 2628
PR Published ON
6/14/2018
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