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The US is a well developed country with a large population of 331.4 Million people. Around 91.55% of the population has at least one vehicle for their use. The engines used in cars or heavy vehicles use fossil fuels like diesel or petrol to run on the road. The emissions caused by this vehicle are very high and directly pollute the environment. The efficiency of the engine was quite low also. In order to increase the efficiency of the engine, the turbocharger was used in the US. A turbocharger is a small turbine that sits between the engine and the exhaust. Plumbed to both, as well as the car's air intake, a turbocharger uses the exhaust gases to spin the turbine which then forces more air into your car's engine and increases the car's power. An internal combustion engine used in cars requires a large amount of air for the combustion of additional fuel for large power generation. That directly affects its efficiency, which means it decreases engine efficiency. Hence, a turbocharger plays an important role in enhancing efficiency by supplying compressed air. In the US, turbochargers are mainly installed in gasoline-powered engines. In the US, the government also focuses on the turbocharger market due to the lower emission of harmful gases because it increases the efficiency of the engine and reduces the low combustion of fuel. Turbochargers have generally transformed from an occasional add-on to a must-have in most light, medium, and heavy vehicles, spurring strong industry growth. Turbocharger manufacturing industry revenue to increase annually in billion in future.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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According to the report title “United States (US) Automotive Turbocharger Market Overview, 2027” the automotive turbocharger market in the US is expected to grow at a CAGR of around 8% in terms of value by the end of the forecast period. According to the report, the market for automotive turbochargers in the US is increasing year by year due to an increase in demand. The people of the US are now aware of the importance of the turbocharger and its benefits to the vehicle. The turbocharger increases the efficiency of the engine and also increases the life of the vehicle. In the US, based on technology type, there are three types of turbochargers: Variable Geometry Turbocharge (VGT), Wastegate Turbocharger, and Electric Turbocharger. A turbocharger equipped with Variable Turbine Geometry has a lower number of movable vanes which can direct exhaust flow onto the turbine blades. The vane angles are set through an actuator. The angle of the vanes varies throughout the engine RPM range to optimize turbine behaviour. A wastegate is a device that bypasses some exhaust flow around the turbine section of a turbocharger to control maximum boost. Electric turbos are designed to blend the efficiency of a turbocharged system with the help of an electric compressor by eliminating turbo lag. They combine a traditional turbo with a small electric air compressor driven by a powerful motor. In the US, the market share of Variable Geometry Turbocharger is much higher than the other two because of its high demand and low cost. The VGT provided more torque to the engine and improved its power. As per the report, the market share of VGT is expected to exceed 50% during the forecasted period.
In the United States, there are two types of turbochargers used, one for passenger vehicles and the other for commercial vehicles.Passenger vehicles consist of personal cars and vans. The turbocharger market used by passenger vehicles has a lower market share than the commercial vehicle turbocharger market. Commercial vehicles are mostly used in business for the transportation of raw materials and finished goods. In the US, commercial vehicle turbochargers are used mostly because the firm can afford that much cost of installation and for fast delivery. The vehicle should be in proper condition and the engine should be boosted up and made efficient by using the various types of turbocharger. According to the report, there is vigorous growth in the market for passenger vehicle turbochargers.
In the US, the turbochargers are also bifurcated on the basis of fuel type: diesel turbochargers and gasoline turbochargers. The term turbo-diesel refers to any diesel engine equipped with a turbocharger. Turbocharging a diesel engine can significantly increase its efficiency and power output, especially when used in combination with an intercooler. The turbocharger for gasoline applications has more advanced materials to tolerate the high thermal conditions. Nickel and special alloys are used for making the turbocharger. The market share of diesel turbochargers is greater than gasoline turbochargers because most commercial vehicles and heavy trucks use diesel as fuel. The cost of turbochargers used in gasoline is higher than diesel turbochargers because they are made up of special types of alloy and people are avoiding those turbochargers. From 2016 to 2021, the CAGR of diesel fuel turbocharger was 5.24%, and it is expected that it will be higher during the forecasted period.
In the US, there are two types of turbochargers: original equipment manufacturers (OEM) and aftermarket. The OEM is the original manufacturer or producer of the vehicle component. OEM turbochargers are more compatible than aftermarket turbochargers, and OEM also provides guarantees to the customer about their products, like turbochargers, while aftermarket provides cheaper and inferior quality turbochargers. The market share of OEM turbochargers is higher than the aftermarket. It is expected that the market attractiveness of OEM will be higher among people during the forecasted period. The various factors that enhance the growth of the automotive market are innovation, advanced technology, awareness among the people about its benefits, high demand for cars, etc.
BorgWarner Turbo Systems is a leading supplier of innovative turbocharging systems and a competent partner to the automotive industry worldwide. In the engine output range of 20-1000 kW per exhaust gas turbocharger, BorgWarner offers a broad range of products for passenger cars and commercial vehicles, as well as for industrial, locomotive, and marine engines.
COVID-19 affected the industry by forcing the manufacturers to shut down the assembly lines and pushing the economy down. With almost zero vehicular movements, there wasn't any new requirement for turbochargers to be installed in new vehicles and spare turbochargers for replacements in already present vehicles.
Considered in this report
- Geography: United States
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- United States automotive turbocharger market and its value and forecast along with its segments
- Various drivers and challenges
- On-going trends and developments
- Five force models
- Top profiled companies
- Strategic recommendation
Turbocharger by technology type
- Variable Geometry Turbocharger (VGT)
- Wastegate Turbocharger
- Electric Turbocharger
Turbocharger by vehicle type
- Passenger Vehicle
- Commercial vehicle
Turbocharger by fuel type
- Diesel
- Gasoline
Turbocharger by sales channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Table of Contents
1. List of Figures2. List of Table3. Executive Summary5. United States Macro Economic Indicators7. United States Automotive Turbocharger Market Trends12. Strategic Recommendations13. Disclaimer
4. Introduction
6. United States Automotive Turbocharger Market Category Analysis
8. United States Automotive Turbocharger Market Overview
9. United States Automotive Turbocharger Market Segmentations
10. United States Automotive Turbocharger Market Opportunity Assessment
11. Competitive Landscape
List of Figures
List of Tables