Automotive Turbocharger Market Size, Share, Trends and Industry Report | 2032

Automotive Turbocharger Market Outlook

According to the report, the global automotive turbocharger market size attained a value of USD 13.31 billion in 2023. Aided by the increasing demand for fuel-efficient vehicles and the growing applications of turbochargers in the automotive industry, the market is projected to further grow at a compound annual growth rate (CAGR) of 10.4% between 2024 and 2032 to reach a value of USD 32.21 billion by 2032.

An automotive turbocharger is a device designed to increase the efficiency and power output of an internal combustion engine by forcing extra compressed air into the combustion chamber. This results in improved engine performance without increasing fuel consumption, making turbochargers a key component in modern automotive engineering. Turbochargers are widely used in gasoline and diesel engines, particularly in passenger cars, commercial vehicles, and high-performance vehicles, where increased power and efficiency are essential.

The global automotive turbocharger market is witnessing robust growth, driven by increasing regulatory pressure on automotive manufacturers to reduce emissions and improve fuel efficiency. With growing concerns about environmental sustainability and stringent emission regulations being implemented globally, turbochargers are becoming integral to reducing fuel consumption and cutting carbon emissions, which further drives market expansion.

Market Drivers

One of the primary drivers of the global automotive turbocharger market is the rising demand for fuel-efficient vehicles. As fuel prices fluctuate and environmental awareness grows, consumers and automotive manufacturers alike are seeking ways to improve fuel efficiency. Turbochargers play a significant role in this regard by enabling smaller engines to produce higher power outputs, often referred to as “engine downsizing.” Engine downsizing, where smaller engines are equipped with turbochargers to achieve the performance of larger engines, is becoming a preferred method to meet consumer demand for both fuel efficiency and vehicle power.

Stringent government regulations aimed at reducing carbon emissions and improving fuel economy are further boosting the adoption of turbochargers in vehicles. Major regions such as North America, Europe, and Asia-Pacific have implemented stringent emission standards that automotive manufacturers must comply with. In response, manufacturers are increasingly turning to turbocharged engines, which help meet these regulatory requirements by improving fuel efficiency and reducing harmful emissions. For instance, the Euro 6 emission standards in Europe and the Corporate Average Fuel Economy (CAFE) regulations in the United States have led to widespread adoption of turbocharging technologies in both passenger and commercial vehicles.

The growing popularity of electric and hybrid vehicles is another factor contributing to the growth of the automotive turbocharger market. While electric vehicles (EVs) do not use traditional internal combustion engines, hybrid vehicles often rely on turbocharged engines to optimize fuel efficiency and performance. Additionally, the use of turbochargers in high-performance sports cars continues to drive market demand, as consumers in this segment seek vehicles with increased power and acceleration capabilities without sacrificing fuel efficiency.

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Key Trends in the Market

Several key trends are shaping the global automotive turbocharger market. One of the most significant trends is the increasing adoption of hybrid and electric turbocharging systems. Hybrid turbochargers, which combine traditional exhaust-driven turbochargers with electric motors, are gaining popularity in hybrid vehicles, offering improved performance and fuel efficiency. These systems help reduce turbo lag, a common issue in traditional turbochargers, and provide a seamless power delivery. As hybrid vehicles continue to gain market share, the demand for hybrid turbocharging systems is expected to grow.

Another key trend is the growing use of advanced materials and manufacturing techniques in turbocharger production. Automakers and turbocharger manufacturers are increasingly focusing on lightweight materials such as titanium and aluminum to reduce the overall weight of turbocharger components, improving fuel efficiency and vehicle performance. Additionally, the use of 3D printing technology in turbocharger manufacturing is gaining traction, allowing for more precise and cost-effective production of complex components.

Moreover, the shift towards downsized engines is driving innovation in turbocharger technology. As automakers continue to downsize engines to meet fuel economy and emission standards, turbochargers are becoming essential for maintaining power and performance. This trend is expected to drive demand for more advanced and efficient turbocharging systems, particularly in the passenger car segment.

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Automotive Turbocharger Market Segmentation

The market can be divided based on fuel type, vehicle type, technology, component, and region.

Market Breakup by Fuel Type

• Diesel
• Gasoline
• Others

Market Breakup by Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

Market Breakup by Technology

• Variable Geometry Turbocharger (VGT)
• Wastegate Turbocharger
• Electric Turbocharger
• Twin Turbocharger
  • Two Stage Series Turbocharger
  • Two Stage Parallel Turbocharger
  • Twin Scroll Turbocharger
• Free-Floating Turbocharger
• Double Axle Turbocharger

Market Breakup by Component

• Housing
• Compressor
• Turbine

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive turbocharger market. Some of the major players explored in the report by Expert Market Research are as follows:

• Continental AG
• Honeywell International Inc.
• Mitsubishi Heavy Industries, Ltd.
• BorgWarner Inc.
• Cummins Inc.
• BMTS Technology GmbH & Co. KG
• Others

Challenges and Restraints

Despite its positive outlook, the global automotive turbocharger market faces several challenges and restraints. One of the most significant challenges is the high cost of turbocharger systems. Turbochargers are more complex and expensive to manufacture than naturally aspirated engines, leading to higher vehicle prices. This can limit their adoption in price-sensitive markets, particularly in developing regions where consumers may prioritize affordability over performance and fuel efficiency.

Another challenge facing the market is the increasing adoption of electric vehicles (EVs). As governments and consumers alike shift towards EVs as a cleaner alternative to internal combustion engine (ICE) vehicles, the demand for turbochargers is expected to decline in the long term. However, the impact of EV adoption on the turbocharger market is expected to be gradual, as the transition to fully electric vehicles will take time and ICE vehicles are likely to remain a dominant segment of the global automotive market for the foreseeable future.

Future Outlook

The global automotive turbocharger market is poised for continued growth over the next decade, driven by the increasing demand for fuel-efficient vehicles, stringent emission regulations, and the rising popularity of electric and hybrid vehicles. As automotive manufacturers continue to prioritize fuel efficiency and sustainability, turbochargers will play a critical role in enhancing engine performance while reducing carbon emissions.

Technological advancements in turbocharger design, such as the development of electric turbochargers and advanced variable geometry systems, are expected to further fuel market growth. These innovations will enable turbochargers to deliver even greater performance improvements, particularly in hybrid and electric vehicle applications.

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