The global automotive turbocharger market size was US$ 12.5 billion in 2021. The global automotive turbocharger market is forecast to grow to US$ 31.7 billion by 2030, registering a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2022 to 2030.

An automotive turbocharger is used to exhaust gases from the engine in order to drive the turbine. Turbochargers are essential to boost fuel efficiency in the automotive. It also maintains the output and increases the power output.

COVID-19 Impact Analysis

The COVID-19 pandemic has negatively impacted the global automotive turbocharger market. Temporary shutdown of assembly lines, limitations in trade activities, and unavailability of raw materials were the primary factors limiting the market growth. In addition, import-export trade was highly impacted due to trade restrictions. As a result, it declined the demand for the automotive turbocharger.

Factors Influencing the Market

The rising demand for engine downsizing is propelling the growth of the global automotive turbocharger market.

The growth of the electric vehicle segment is driving the growth of the automotive turbocharger market. In addition, stringent government regulations towards vehicle emission, such as China-VI, Euro-6, and PROCONVE P-8 will surge the demand for the automotive turbocharger in the coming years.

The growing industrialization and favorable government initiatives to boost the trade of electric vehicles will ultimately contribute to the market growth.

Ongoing advancements in electric turbochargers will benefit the global automotive turbocharger market. Furthermore, the emergence of electrical assist turbos is gaining high traction due to their fuel efficiencies in electric vehicles. Thus, more such advancements will contribute to the growth of the global automotive turbocharger market.

The high maintenance cost of the automotive turbocharger may hamper the growth of the market.

Regional Analysis

Asia-Pacific automotive turbocharger market is forecast to register the highest growth rate due to the rising demand for automobiles and the presence of prominent automotive manufacturers in the region. Furthermore, countries like India and China are predicted to have maximum contribution in the global automotive turbocharger market during the study period, owing to the surging sales and production of automobiles. In addition, robust urbanization and industrialization in these countries will accelerate the growth of the Asia-Pacific automotive turbocharger market. Government initiatives for infrastructural development, together with increasing disposable income will prompt the growth of the Asia-Pacific automotive turbocharger market.

Competitors in the Market

Garrett Motion Inc.
Continental AG
BorgWarner Inc.
Mitsubishi Heavy Industries, Ltd.
IHI Corporation
Honeywell International Inc.
Cummins Inc.
ABB
Linamar Corporation
Rotomaster
Other prominent players
Market Segmentation

The global automotive turbocharger market segmentation focuses on Fuel Type, Vehicle Type, and Region.

Fuel Type Outlook

Gasoline
Diesel
Other
Vehicle Type Outlook

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Technology Outlook

VGT/VNT
wastegate
twin-turbo
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America