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India is a vast country with a large population. The automotive industry in India is the fourth-largest in the world, with an increase in the growth of the automobile industry causing an increase in the emission level of carbon content and oxides of nitrogen and sulphur in the environment due to the combustion of diesel and gasoline fuel in engines. Government's strict steps towards the emission of harmful gases from automobiles, is leading to the growth in the market for turbochargers. A turbocharger is a device that improves the power output of engines using exhaust gas to increase overall air intake in the combustion chamber. Fuel combustion is dependent on the quantity of fuel and the amount of air available in the combustion chamber. The turbocharger allows more compressed air inside the engine’s intake manifold, resulting in more efficient fuel combustion and hence superior power output, improved fuel efficiency, and lower exhaust emissions. In India, many automobile companies like Tata Motors and Mahindra use turbo engines in their various models.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 titled India Automotive Turbocharger Market Overview, 2027 the automotive turbocharger market in the country is expected to grow at a CAGR of more than 10% value market size by the end of the forecast period. According to the report, the increase in the demand for automobiles among the people of India has had a great impact on the automotive turbocharger market. In India, different segments of turbochargers are available and, according to their requirements, automakers are demanding them. On the basis of vehicle type, passenger vehicle turbochargers and commercial vehicle turbochargers are available. Passenger vehicle turbochargers are more preferred for small cars and minivans, while commercial turbochargers are used in heavy-duty trucks. On the basis of technology type, Variable Geometry Turbocharger (VGT), Wastegate turbocharger, and electric turbocharger are available. VGT provides efficiency to the engine at different conditions of the engine and it is cost-efficient also. On the basis of fuel type, there are two types of turbochargers: diesel fuel turbochargers and gasoline fuel turbochargers. Gasoline fuel turbochargers are less fuel efficient and have low demand in the Indian market. By sales channel, there are two types of turbochargers: original equipment manufacturer (OEM) and aftermarket turbocharger. OEM turbochargers are the most popular among automobile companies due to their extraordinary performance in various models of cars.
Turbo-diesel is the name given to the diesel fuel turbocharger. The turbocharger in a diesel engine can significantly increase its efficiency and power output, especially when used in combination with an intercooler. Gasoline Engine A turbocharger is a device that forces more air into an internal combustion engine. This additional airflow makes the oxygen levels in the exhaust gas high enough to keep the burning fuel ignited and increases its power output. In India, the market growth of diesel fuel turbochargers during the forecasted period is expected to be more vigorous. The turbocharger in the OEM is designed to improve the power delivery from the engine and reduce fuel consumption. Vehicles are usually equipped with a turbocharger for better high-end performance, which has made it one of the most important components of all the parts. An aftermarket is used for repairing or replacing a faulty turbocharger. The aftermarket turbocharger parts are available on e-commerce and it is very easy to find them as they can be searched according to specific requirements. The CAGR of the aftermarket is expected to be moderate during the forecasted period.
A variable geometry turbocharger is a type of turbocharger which is designed in such a way that it allows the effective ratio (A/R ratio) of the turbo to be altered throughout the engine RPM range to optimise the turbine behaviour. In a wastegate turbocharger, the wastegate is a valve that controls the flow of exhaust gases to the turbine wheel in a turbocharged engine system. The diversion of exhaust gases regulates the turbine speed, which in turn regulates the rotating speed of the compressor. Different electronic devices and boost technologies were used in an electric turbocharger to optimise the turbocharger function motor and compressor that are used in the electric turbocharger. Among all three types of turbochargers during the forecasted period, the market share of the VGT is expected to be the maximum.
Commercial vehicle turbochargers are generally used for business purposes. In India, the market share of passenger vehicle turbochargers is high due to increasing demand for fuel efficiency in passenger vehicles. Passenger vehicle turbochargers provide adequate torque to the engine of a light weight vehicle during operation and more efficient power to the engine at various speeds. Passenger vehicle turbocharger market attractiveness is expected to be at a peak during the forecasted period. The various drivers that fueled the growth of automotive turbochargers include government strict rules and regulations, improvements in engine efficiency, proper fuel consumption, and the availability of funds. other hand, various challenges to the market are the growth of the EV market, different problems regarding turbochargers like turbo lag, and heat effect in the engine.
Passenger vehicle OEMs as well as commercial vehicle players count on us as one of the largest turbocharger manufacturers in the domestic market. Cummins is one of the largest players in the M & HV market thanks to its joint venture (Tata Cummins Ltd) with Tata Motors Ltd (for supplies of M & HV engines). Turbo Energy, Honeywell Turbo Technologies India Pvt Ltd, and Cummins Turbo Technologies Ltd (CTT) together supplied more than 90% of the domestic turbocharger demand.
COVID-19 has resulted in a decline in vehicle production, which is directly proportionate to the decline in the overall turbocharger market. In addition to that, the impact of COVID-19 would limit the purchasing power of buyers. COVID-19 disrupted the entire automotive and turbocharger supply chain system. The availability of labour and raw materials in India is decreasing as a result of the lockdown.
Considered in this report
- Geography: India
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- India 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. India Macro Economic Indicators7. India Automotive Turbocharger Market Trends12. Strategic Recommendations13. Disclaimer
4. Introduction
6. India Automotive Turbocharger Market Category Analysis
8. India Automotive Turbocharger Market Overview
9. India Automotive Turbocharger Market Segmentations
10. India Automotive Turbocharger Market Opportunity Assessment
11. Competitive Landscape
List of Figures
List of Tables