Automotive Turbochargers Market Size worth over $27bn by 2026

Automotive Turbochargers Market size is set to surpass USD 27 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Automotive turbochargers market growth is supported by increasing adoption of fuel-efficient engines, producing low noise and emissions levels. Exhaust emissions from engines that cause increased noise levels in vehicles are alternatively used to drive the air turbine in automotive turbochargers. Turbochargers also assist in significantly reducing the noise that Naturally Aspirated (NA) engines produce when they intake air for combustion, thereby making the engines quieter.

 

Request Sample Buy NowInquiry Before Buying

 

Increasing adoption of turbochargers in heavy-duty vehicles for high altitude compensation

Growing need for logistics connectivity to remote places across the globe will drive the automotive turbochargers market demand for the HCVs. Heavy-duty vehicles operating at high altitudes are rapidly adopting turbochargers for increasing power output and enhancing engine performance. Lower air density at high altitude levels leads to a loss of power in automobile engines. Turbochargers assist in solving this problem by compressing more air into the engine cylinders, providing enhanced engine power.  
 

Automotive turbocharger manufacturers are focusing on developing turbochargers for high-performance, high-speed engines through several R&D activities. For instance, in June 2019, ABB Ltd. launched its new A200H turbocharger, which provides lower operating costs, high engine efficiency, and enhanced power in high altitude regions compared to its predecessors. The A200-H also provides enhanced pressure ratios in the range of 6.5 to 1 with the help of new turbine stage, turbine wheel, and diffuser.
 

Global Automotive Turbocharger Market

Get more details on this report - Request Free Sample PDF
 

<h2> The VGT/VNT segment to grow impressively with developments in turbocharger technologies

The Variable Geometry Turbine (VGT) / Variable Nozzle Turbine (VNT) technology segment is expected to witness a significant growth during the forecast timeline due to their ability to efficiently maintain the aspect ratio of the engine.
 

VGT/VNT technology is suitable for low displacement engines in passenger cars. Passenger cars operate at variable speeds and require engine power boost at low and high speeds. VGT/VNT turbos provide adjustable turbine housing geometry to small passenger car engines, maintaining optimum aspect ratio and reducing turbo lag in engines.
 

Furthermore, the VGT/VNT automotive turbochargers market growth can be credited to increasing focus of automobile manufacturers on enhancing the engine power. Major companies in this market are launching new-generation VNT turbochargers for applications in a wide range of vehicles such as pick-up trucks, delivery vans, heavy-duty trucks, etc.
 

Component providers in this market are introducing new parts that are assisting in continuous improvement of turbochargers. For instance, in February 2020, Pierburg GmbH launched new versions of linear and rotary turbo actuators for VNT and Wastegate turbos. These actuators aid automotive turbocharger manufacturers to provide reduced weight, improved operating time, and high number of cycles on new models.
 

Browse key industry insights spread across 276 pages with 541 market data tables and 30 figures & charts from the report, “Automotive Turbochargers Market Size By Vehicle (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-turbocharger-market

 

Increasing demand for engine downsizing in diesel-powered vehicles

The diesel segment accounted for about 65% of the automotive turbochargers market share in 2019. Diesel engines are expected to dominate the automobile industry, particularly in LCV and HCV sectors. Automobile manufacturers are focusing on improving engine performance and reducing the vehicle weight to control CO2 and NOX emissions from vehicles.
 

For instance, in January 2019, Chevrolet’s work truck Silverado 1500 was equipped with BorgWarner’s 2.7 L turbo four-cylinder engine. This engine provides a turbocharger with dual volute technology, which aids the company to significantly downsize the engine with increased power output, driving the market.
 

Increasing adoption of turbochargers by automobile manufacturers across the globe

The OEMs held around 90% of the market in 2020 on account of presence of numerous established players in the market. Automobile manufacturers rely on OEMs for the supply of crucial engine components, such as automotive turbochargers, for all categories of vehicles. Increasing production of fuel-efficient engines with enhanced power output will fuel the market growth.
 

APAC region expected to witness rapid growth in the market

The Asia Pacific automotive turbochargers market is anticipated to observe lucrative gains till 2026 owing to growing passenger car penetration along with increase in consumer disposable income. Presence of established automotive turbocharger manufacturers, such as IHI, Mitsubishi Heavy Industries, and TEL, coupled with ongoing R&D initiatives are the major factors driving the market size.
 

The automobile manufacturers in the region are focusing on integrating advanced automotive turbocharger systems in vehicles to enhance the overall engine performance, attributing to industry trend. For instance, in August 2020, Kia Motors will launch Kia Sonet, a small SUV equipped with 1.0 L turbo-powered gasoline engine for the Indian market.
 

Some leading players in the automotive turbochargers market include Honeywell International Inc., Banks Power, BorgWarner, Cimos D.D., BMTS Technology, Cummins Inc., IHI Corporation, Mitsubishi Heavy Industries, Montupet, Rotomaster, Precision Turbo & Engine, The Turbo Engineers GmbH, Turbo Energy Pvt Ltd, Linamar Corporation, Turbonetics Inc., and Magnum Performance Turbos.
 

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X