Automotive Turbocharger Market Size to Reach $10.10 Billion by 2026; Growing Usage of Small Engines to Skyrocket Demand

The automotive turbocharger market size is projected to reach USD 10.10 billion by 2026. It is likely to gain impetus from the increasing utilization of small engines in automobiles. These are mainly preferred by the masses nowadays because of their ability to reduce the emissions of carbon in the atmosphere. Fortune Business Insights™ put forward this information in a recent study, titled, “Automotive Turbocharger Market Size, Share & Industry Analysis, By Technology Type (Variable Geometry Turbocharger, Wastegate Turbocharger, and Electric Turbocharger), By Fuel Type (Gasoline and Diesel), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2026.” The study further states that the market stood at USD 8.20 billion in 2018. However, it would exhibit a CAGR of 2.89% during the forecast period between 2019 to 2026.

Garrett Motion to Launch E-turbo for Passenger Vehicles in 2021

In October 2019, Garrett Motion Inc., a cutting-edge technology provider based in Switzerland, announced its plan to create the world’s first ‘E-Turbo’ which will be launched by the end of 2021. These will be specially developed for mass market passenger vehicles. The company thought of launching this because of the rising inclination of automakers towards electrified engine technology. It would aid in meeting the vital industry challenges for new regulatory emission targets and surging energy efficiency, while maintaining affordability and better vehicle performance. E-Turbo is likely to be of premium quality and will be best suited for high-performance vehicles.

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https://www.fortunebusinessinsights.com/automotive-turbocharger-market-102663

Urgent Need to Curb Emission of Carbon to Drive Growth

The adoption of turbochargers provides enhanced fuel efficiency of vehicles. Hence, its popularity is increasing worldwide. They not only propel the power output of engines, but also boost the internal combustion by allowing more air to come inside the engine. Besides, they are environmentally friendly and deliver high efficiency. Certain advantages of using turbochargers include minimal waste production and optimum utilization of resources. The governments of various countries have implemented multiple rules and norms to control the emission of carbon in the atmosphere. To do so, they are setting up emission standards for the manufacturing companies. These factors are expected to augment the market growth of automotive turbocharger in the coming years. However, the rising shift of the masses towards zero emission vehicles may hamper growth.

Key Manufacturers Adopt the Strategy of Novel Product Launches to Strengthen Position  

The market consists of many big, medium, and small companies that are trying to cater to the needs of their consumers by keeping up with the automotive turbocharger market trends. Some of them are launching new products, whereas the others are planning to unveil unique turbochargers in future.

Fortune Business Insights™ provides a list of all the companies present in the automotive turbocharger market. They are as follows:

• Garrett Motion


• Continental GT


• Aptiv PLC


• Turbonetics


• ABB


• Cummins Inc.


• Ningbo Motor Industrial Co. Ltd.


• Precision Turbo and Engine Inc.


• Robert Bosch GmbH


• Mahle


• Rotomaster International


• Mitstubishi Heavy Industries. Ltd


• IHI Corporation


• Kompressorenabau Bannewitz GmbH


• Fuyuan Turbocharger Co, Ltd


• Marelli Corporation


• Turbo Dynamics

A Noteworthy Industry Development:

• May 2019: Continental Powertrain launched its new ring catalyst turbocharger at the 40th Vienna Motor Symposium. It is can be blended with the EMICAT® electrical heating technology and hybrid vehicles to minimize emissions and save fuel even after prolonged engine-off phases.

Further Report Findings-

• North America procured USD 2.62 billion automotive turbocharger market revenue in 2018 owing to the implementation of strict rules and regulations in the U.S. by the Environmental Protection Agency (EPA) for lowering carbon emission.


• Asia Pacific to hold the largest share stoked by the rapid industrialization, growing urbanization, and improvements of the available infrastructure.


• Based on technology type, the wastegate turbocharger segment held 40.5% market share for automotive turbocharger in 2018 backed by its ability to provide maximum torque and engine power.

The market can be segmented in the following way: