July 17, 2024

Turbocharger Market Size to Garner USD 64.69 Billion by 2032

The global Turbocharger market size was estimated to be around US$ 32.28 billion in 2022. It is projected to reach US$ 64.69 billion by 2032, indicating a CAGR of 7.2% from 2023 to 2032.

Turbocharger Market Size 2023 To 2032

Key Takeaways:

  • Europe region led the global market in 2022.
  • By Technology, the twin-turbo segment has accounted revenue share of 46% in 2022.
  • By Material, the cast Iron segment has generated a revenue share of 69% in 2022.
  • By Fuel Type, the diesel segment has captured a revenue share of around 59% in 2022.
  • By End User, the OEM type has held 68% of the total revenue share in 2022.

The market research report on the Turbocharger market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Turbocharger products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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Report Scope of the Turbocharger Market:

Report Coverage Details
Market Size in 2023 USD 34.6 Billion
Market Size by 2032 USD 64.69 Billion
Growth Rate from 2023 to 2032 CAGR of 7.2%
Largest Market Europe
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Technology, By Fuel Type, By Application, By Material, By End-User, and By Actuators
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Software as a Service (SaaS) Market Size to Garner USD 1,016.44 Billion by 2032

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global Turbocharger market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Turbocharger market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Turbocharger products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the Turbocharger market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on Turbocharger market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Turbocharger market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Key Market Players:

  • Rotomaster International
  • MITSUBISHI ELECTRIC CORPORATION
  • BorgWarner Inc.
  • CONTINENTAL AG.
  • Turbo Dynamics Ltd.
  • IHI Corporation
  • Cummins Inc.
  • Honeywell International Inc.
  • Eaton
  • Precision Turbo & Engine
  • Garrett Motion Inc.

Segments Covered in the Report:

By Technology

  • Twin-Turbo
  • Wastegate Technology
  • Variable Geometry Technology

By Fuel Type

  • Diesel
  • Gasoline

By Application

  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Ships & Aircrafts
  • Agriculture & Construction
  • Locomotives

By Material

  • Cast Iron
  • Aluminum

By End-User

  • Original Equipment Manufacturer
  • Aftermarket

By Actuators

  • Hydraulic
  • Pneumatic
  • Electric

By Geography

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

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Turbocharger Market 

5.1. COVID-19 Landscape: Turbocharger Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Turbocharger Market, By Technology

8.1. Turbocharger Market Revenue and Volume, by Technology, 2023-2032

8.1.1. Twin-Turbo

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Wastegate Technology

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Variable Geometry Technology

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Turbocharger Market, By Fuel Type

9.1. Turbocharger Market Revenue and Volume, by Fuel Type, 2023-2032

9.1.1. Diesel

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Gasoline

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Turbocharger Market, By Application

10.1. Turbocharger Market Revenue and Volume, by Application, 2023-2032

10.1.1. Light Commercial Vehicle

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Heavy Commercial Vehicle

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Ships & Aircrafts

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

10.1.4. Agriculture & Construction

10.1.4.1. Market Revenue and Volume Forecast (2020-2032)

10.1.5. Locomotives

10.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Turbocharger Market, By Material

11.1. Turbocharger Market Revenue and Volume, by Material, 2023-2032

11.1.1. Cast Iron

11.1.1.1. Market Revenue and Volume Forecast (2020-2032)

11.1.2. Aluminum

11.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 12. Global Turbocharger Market, By End-User

12.1. Turbocharger Market Revenue and Volume, by End-User, 2023-2032

12.1.1. Original Equipment Manufacturer

12.1.1.1. Market Revenue and Volume Forecast (2020-2032)

12.1.2. Aftermarket

12.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 13. Global Turbocharger Market, By Actuators

13.1. Turbocharger Market Revenue and Volume, by Actuators, 2023-2032

13.1.1. Hydraulic

13.1.1.1. Market Revenue and Volume Forecast (2020-2032)

13.1.2. Pneumatic

13.1.2.1. Market Revenue and Volume Forecast (2020-2032)

13.1.3. Electric

13.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 14. Global Turbocharger Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.1.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.1.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.1.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.1.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.1.7. U.S.

14.1.7.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.1.7.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.1.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.1.7.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.1.8. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.1.8.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.1.9.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.1.9.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.1.9.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.1.10. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.1.11. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.2.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.2.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.2.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.2.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.2.8.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.2.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.2.9. Market Revenue and Volume Forecast, by Material (2020-2032)

14.2.10. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.2.10.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.2.11. Germany

14.2.11.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.2.11.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.2.11.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.2.12. Market Revenue and Volume Forecast, by Material (2020-2032)

14.2.13. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.2.14. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.2.15.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.2.15.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.2.15.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.2.16. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.2.16.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.2.17.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.2.17.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.2.17.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.2.18. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.2.18.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.3. APAC

14.3.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.3.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.3.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.3.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.3.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.3.7. India

14.3.7.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.3.7.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.3.7.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.3.8. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.3.9. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.3.10. China

14.3.10.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.3.10.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.3.10.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.3.10.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.3.11. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.3.11.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.3.12. Japan

14.3.12.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.3.12.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.3.12.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.3.12.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.3.12.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.3.12.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.3.13.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.3.13.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.3.13.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.3.13.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.3.13.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.4. MEA

14.4.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.4.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.4.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.4.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.4.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.4.7. GCC

14.4.7.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.4.7.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.4.7.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.4.8. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.4.9. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.4.10. North Africa

14.4.10.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.4.10.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.4.10.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.4.10.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.4.11. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.4.12. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.4.13. South Africa

14.4.13.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.4.13.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.4.13.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.4.13.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.4.13.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.4.13.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.4.14.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.4.14.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.4.14.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.4.14.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.4.14.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.5. Latin America

14.5.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.5.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.5.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.5.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.5.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.5.7. Brazil

14.5.7.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.5.7.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.5.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.5.7.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.5.8. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.5.8.1. Market Revenue and Volume Forecast, by Actuators (2020-2032)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Volume Forecast, by Technology (2020-2032)

14.5.9.2. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)

14.5.9.3. Market Revenue and Volume Forecast, by Application (2020-2032)

14.5.9.4. Market Revenue and Volume Forecast, by Material (2020-2032)

14.5.9.5. Market Revenue and Volume Forecast, by End-User (2020-2032)

14.5.9.6. Market Revenue and Volume Forecast, by Actuators (2020-2032)

Chapter 15. Company Profiles

15.1. Rotomaster International

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. MITSUBISHI ELECTRIC CORPORATION

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. BorgWarner Inc.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. CONTINENTAL AG.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Turbo Dynamics Ltd.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. IHI Corporation

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Cummins Inc.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Honeywell International Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Eaton

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Precision Turbo & Engine

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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