The global turbocharger market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2023-2029). One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance, In November 2020, Cummins launcheda new compressor stage to the Series 800 Holset turbocharger. The Series 800 Turbocharger takes a jump forward and has been revitalized to bringnoteworthy improvements in performance, temperature capability,flow range, and seal robustness.
Furthermore, in August 2020, Cummins Turbo Technologies (CTT), another manufacturer of commercial turbochargers, developed the 7th generation of 400 series Variable Geometry Turbocharger (VGT) to help engine producers meet forthcoming emission standards and offer efficient fuel economy. Additionally, in October 2019, Garrett Motion Inc. developed E-Turbo for mass-market passenger vehicles with an addition of a small electric motor on the shaft between two wheels to enhance the turbo immediately off idle. This eliminated lags between the times a driver executes the accelerator and felt acceleration. Electrification removed design constraints, prioritizing turbine effectiveness at low engine speeds to drive the compressor.This has increased better options available for end-users and increased the demand for various turbochargers.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Industry
- By Technology
- By Sales channel
- By Engine Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including BorgWarner, Inc., Continental AG, Cummins, Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd., Honeywell International, Inc., and others.
Turbocharger Market Report Segment
By Industry
- Automotive
- Aerospace & Defense
- Marine
- Agriculture & Construction
By Technology
- Twin-Turbo Technology
- Variable Geometry Technology
- Wastegate Technology
By Sales Channel
- OEM
- Aftermarket
By Engine Type
- Diesel Engine
- Gasoline Engine
- Hybrid Engines
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Turbocharger Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Eaton Corporation PLC
- Hunan Rugidove Turbocharging Systems Co. Ltd.
- Ihi Turbo America
- Kangyue Technology Co., Ltd.
- MAHLE GmbH
- Magnum Performance Turbos, Inc.
- MAN Energy Solutions
- Napier Turbochargers Ltd.
- Okiya Group Co., Ltd.
- Precision Turbo & Engine Rebuilders, Inc.
- Rotomaster International
- Fengcheng Pacific Shenlong Turbocharger Co., Ltd.
- Turbo Energy Private Ltd (Tel)
- Turbo One Pte. Ltd.
- Zhejiang Rongfa Motor Engine Co., Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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