Sales Scenario of Global Automotive Turbocharger Market to Remain Incremental Through 2026

Automotive turbocharger deployment is likely to be driven by steadily increasing demand for fuel-efficient engines in passenger, light-duty and heavy-duty vehicles. With gradually evolving technology landscape in the automotive sector, several automobile manufacturers are leveraging the benefits of automotive turbochargers to increase fuel efficiency and to accelerate engine performance.

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Integration of turbochargers in new vehicle engines are enabling heavy-duty automakers to significantly reduce harmful emissions along with providing enhanced power output. On the same lines, Cummins Inc., had launched a new 6.7 L turbo diesel engine for heavy-duty trucks in 2019. The engine enhances vehicle payload capacity and is integrated with improved Cummins-Holset Variable Geometry turbocharger.

The escalating demand for low-emission vehicles that are designed to comply with stringent government regulations is likely to create lucrative opportunities for auto component producers over the coming years. Estimates suggests that global automotive turbocharger market size will exceed USD 27 billion in annual valuation by 2026.

Escalating need for fuel-efficient & high-performance vehicles

Automotive turbochargers significantly improve engine performance along with reducing emissions. They boost the performance vehicles operating at high altitude conditions by enhancing engine power. These turbochargers are experiencing heavy demand from light commercial vehicles as well for the similar advantages offered.

In a bid to cater to the increasing consumer demand for high performance vans and trucks, several light commercial vehicle manufacturers are integrating these systems to new vehicle. Introduction of variable geometry chargers and variable nozzle turbine technologies has significantly increased the adoption of turbochargers in passenger cars as they provide flexible aspect ratio to boost engine performance at variable speeds by alternating the turbine geometry.

Consistent preference towards gasoline vehicle engines

With imposition of strict emission laws, the adoption of gasoline engines by vehicle manufacturers has been consistent over the past few years. This is in turn resulting in heavy adoption of gasoline turbochargers.

Such high adoption rate can be attributed to beneficial attributes of turbo systems as they function at high RPMs in in gasoline engines and require small combustion chambers, promoting engine downsizing in passenger cars. Increasing focus on light weight vehicles to reduce emissions is the main factors driving product proliferation.

Strict regulations on vehicle emissions across Europe

In a bid to tackle the rising burden of carbon and nitrous oxide emissions in environment, various countries across Europe have imposed strict regulations for vehicular emissions. The European Parliament formally adopted new CO2 emission standards for passenger vans and cars in 2019. Keeping the stringent regulations in consideration, various automotive manufacturers across the region are working on reducing emissions from vehicle exhaust, which has drastically shifted focus towards automotive turbochargers.

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Europe automotive turbocharger market size will grow exponentially over the analysis period on account of the presence of established automakers such as Audi, Daimler and BMW in the region. These players are gradually integrating advanced turbocharger systems in new vehicles to enhance engine performance and drivability. For instance, BMW announced the launch of its new BMW X5 SUV in 2019. The new model is equipped with twin-turbocharger technology, designed specifically for the European market.

Partial Chapter of the Table of Content

Chapter 1.   Methodology and Scope

1.1.  Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.  Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2.   Executive Summary

2.1.  Automotive turbocharger industry 360° synopsis, 2015 – 2026

2.1.1. Business trends

2.1.2. Vehicle trends

2.1.3. Technology trends

2.1.4. Fuel trends

2.1.5. Distribution channel trends

2.1.6. Regional trends

Chapter 3.   Automotive Turbocharger Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2015 – 2026

3.3.  Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Software & technology providers

3.3.4. System integrators

3.3.5. Distribution channel analysis

3.3.6. End-use landscape

3.3.7. Vendor matrix

3.4.  Comparison of turbo engine and non-turbo engine

3.5.  Pricing analysis, 2019

3.5.1. Pricing analysis, by region

3.5.1.1.    North America

3.5.1.2.    Europe

3.5.1.3.    Asia Pacific

3.5.1.4.    Latin America

3.5.1.5.    MEA

3.6.  Cost structure analysis, 2019

3.6.1. Manufacturing cost

3.6.2. Labor cost

3.6.3. Others

3.7.  Technology & innovation landscape

3.7.1. Engine downsizing

3.7.2. Electric turbocharger system

3.8.  Regulatory landscape

3.8.1.1.    North America

3.8.1.2.    Europe

3.8.1.3.    Asia Pacific

3.8.1.4.    Latin America

3.8.1.5.    MEA

3.9.  Industry impact forces

3.9.1. Growth drivers

3.9.1.1.    Implementation of stringent vehicle emission regulations across the globe

3.9.1.2.    Rising automotive production and sales

3.9.1.3.    Performance and safety improvements at higher altitudes

3.9.2. Industry pitfalls & challenges

3.9.2.1.    Growing demand for electric vehicles

3.10.    Growth potential analysis

3.11.     Porter’s analysis

3.11.1.  Supplier power

3.11.2.  Buyer power

3.11.3.  Threat of new entrants

3.11.4.  Threat of substitutes

3.11.5.  Internal rivalry

3.12.    Competitive landscape, 2019

3.12.1.  Company market share analysis, 2019

3.12.2.  Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.13.    PESTEL analysis

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