Turbocharger Manufacturing in the US - Industry Market Research Report

Fully charged: Downstream demand will grow in line with rebounding automobile production

The Turbocharger Manufacturing industry manufactures turbochargers for use in the engines of cars, light trucks and commercial vehicles. Turbochargers are turbine-driven induction devices that increase an engine's efficiency by forcing extra air into the combustion engine; by increasing the engine's efficiency, turbochargers economize on fuel and reduce carbon dioxide emissions. Therefore, demand for turbochargers fluctuates alongside automotive production, as well as shifting fuel-efficiency regulations. However, the COVID-19 (coronavirus) pandemic resulted in a sharp decline in demand for industry products in 2020 as supply chains were disrupted and downstream demand weakened, with industry revenue declining 11.4% in 2020. As a result, industry revenue is expected to ultimately fall at an annualized rate of 3.4% to $1.8 billion over the five years to 2022, despite an increase of 2.2% in 2022 alone as automobile production rises.

This industry manufactures turbochargers. Turbochargers are centrifugal compressors powered by the exhaust-gas turbine in an engine and are predominantly used in automobiles to enhance engine performance. Turbochargers can also enhance the performance of engines in aircraft, motorsport vehicles and commercial boats, although these products are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.