Automotive Turbochargers Market Report 2025

This Automotive Turbochargers market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The automotive turbochargers market size has grown strongly in recent years. It will grow from $15.47 billion in 2024 to $16.68 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to fuel efficiency regulations, performance enhancement demands, downsizing of engines, emission control standards, increased use in military industry.

The automotive turbochargers market size is expected to see strong growth in the next few years. It will grow to $23.01 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing demand for electric turbochargers, increasing demand for fuel-efficient vehicles, rising demand for high-performance vehicles, growing demand for commercial vehicles, increasing demand for hybrid vehicles. Major trends in the forecast period include integration of lightweight materials, development of twin-scroll turbochargers, application of 48v electric turbocharging systems, adoption of e-boosting technology.

The automotive turbocharger market is witnessing growth driven by the increasing demand for passenger cars. Turbocharged engines offer higher power density and fuel efficiency, attracting consumers seeking enhanced horsepower and torque. This surge in demand for passenger cars, particularly in developing economies with improved purchasing power and low-interest rates, is boosting the need for automotive turbochargers. For instance, data released by the European Automobile Manufacturers' Association (ACEA) in March 2022 revealed a 5. 5% rise in US passenger car sales, reaching 11. 9 million units in 2021. Additionally, US auto facilities manufactured over 6. 3 million passenger cars in the same year, marking a 3. 1% increase.

The automotive turbocharger market is expected to experience growth fueled by escalating fuel prices. Rising fuel costs, primarily gasoline and diesel, have prompted consumers and manufacturers to turn to automotive turbochargers to enhance fuel efficiency and diminish fuel consumption. In January 2023, statistics from the Bureau of Labor Statistics indicated a 19. 4% increase in fuel prices from December 2021 to December 2022. Furthermore, the Office for National Statistics reported a significant 48% rise in automotive fuel prices in 2022 compared to 2021 in the UK. Consequently, the surge in fuel prices is a driving force behind the expansion of the automotive turbocharger market.

Leading companies in the automotive turbocharger market are concentrating on the development of technologically advanced products, such as turbochargers for both hybrid and non-hybrid vehicles, to improve performance and efficiency. Turbochargers are devices that utilize exhaust gas to spin a turbine, which compresses incoming air into the engine, enhancing its efficiency and power output by allowing a greater volume of air and fuel to enter the combustion chamber. For example, in April 2023, Garrett, a company specializing in turbocharging, introduced its advanced turbochargers. These turbochargers from Garrett Motion are specifically designed to support hydrogen internal combustion engine (H2-ICE) vehicles that use hydrogen as fuel. This innovative technology is particularly significant in China, where substantial investments are being made in hydrogen fueling infrastructure and green hydrogen initiatives. Consequently, there is growing support for large commercial hydrogen internal combustion engine vehicles (HICEVs), positioning Garrett Motion's turbochargers as a prominent player in this emerging market.

Leading companies in the automotive turbocharger market are prioritizing the development of technologically advanced products, such as twin turbochargers, to enhance engine performance, improve fuel efficiency, and reduce emissions. Twin turbochargers consist of two separate turbocharging units used in an internal combustion engine to increase air intake and boost performance, leading to enhanced power output and efficiency by minimizing turbo lag and maximizing airflow across the engine's operating range. For example, in September 2024, BorgWarner, a US-based company that designs and manufactures systems for the transportation industry, introduced turbochargers for the Chevrolet Corvette ZR1. This turbocharger is notable for being the largest passenger car turbocharger in the world, specifically designed for GM's 5.5-liter flat-plane crankshaft V8 engine in the Corvette ZR1, delivering an impressive 1,064 hp and 828 lb-ft (1,122 Nm) of torque. The turbocharger features a 76mm forged milled compressor wheel with a ported shroud and a 67mm turbine wheel housed within a mono-scroll turbine design for optimal efficiency. Additionally, it incorporates an exhaust manifold with equal-length runners to enhance both engine performance and sound. BorgWarner's expertise in the NTT IndyCar Series influenced GM's choice to utilize its twin ball-bearing turbochargers.

In a significant move in August 2022, Cummins Inc., a US-based company specializing in diesel and alternative fuel engines and generators, acquired Meritor Inc. for $3. 7 billion. This strategic acquisition aims to enhance Cummins Inc. 's range of engines while integrating axle and brake technology into its existing product portfolio. Meritor Inc., a US-based automotive company, is known for its manufacturing of automotive turbochargers. This acquisition aligns with Cummins Inc. 's strategy to expand its technological offerings and broaden its product line in the automotive sector.

Major companies operating in the automotive turbochargers market include Honeywell International Inc., Borg-Warner Automotive Inc., Mitsubishi Heavy Industries Ltd., IHI Corporation, Continental AG, Bosch Mahle GmbH, Cummins Inc., Delphi Technologies, Precision Turbo & Engine Inc., Turbonetics Inc., Turbo International Inc., ABB Asea Brown Boveri Ltd., Turbo Energy Private Limited, Rotomaster International Inc., Fuyuan Turbocharger Co. Ltd., Hunan Tyen Machinery Co. Ltd., Magnum Performance Turbos Inc., Mahle GmbH, Eaton Corporation, Napier Turbochargers Ltd., OptiCat LLC, Keyuan Industry Trading Co. Ltd., Kelin Motor Vehicle Air Conditioning Co. Ltd., Cimos D. D. Avtomobilska Industrija, Robust Power Inc., Turbotech Pvt. Ltd., Aeristech Ltd., Melet Turbo, Aerocharger Ballistics, Turbosmart Pty Ltd.

An automotive turbocharger is a turbine-driven, forced induction device designed to enhance the power output of an internal combustion engine. It achieves this by introducing additional compressed air into the combustion chamber, thereby improving the engine's efficiency and allowing for increased power per engine cycle.

The primary vehicle categories for automotive turbochargers are Passenger Commercial Vehicles (PCV), Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV). PCVs are passenger cars with a capacity of no more than 8 seats, excluding the driver's seat, and a maximum mass of 3. 5 tons. LCVs are commercial carrier vehicles with a weight not exceeding 3. 5 metric tons, while HCVs are carrier vehicles with a gross combination mass (GCM) exceeding 3. 5 metric tons. Various technologies are employed in automotive turbochargers, including Variable Geometry Turbocharger (VGT/VNT), Wastegate, and Twin-Turbo. Sales channels for automotive turbochargers encompass Original Equipment Manufacturers (OEM) and the aftermarket. Additionally, the fuel types utilized by automotive turbochargers include both gasoline and diesel. These distinctions in vehicle types, technologies, sales channels, and fuel types collectively contribute to the diverse landscape of the automotive turbocharger market.

The automotive turbocharger market research report is one of a series of new reports that provides automotive turbocharger market statistics, including automotive turbocharger industry global market size, regional shares, competitors with an automotive turbocharger market share, detailed automotive turbocharger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive turbocharger industry. This automotive turbocharger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Western Europe was the largest region in the automotive turbocharger market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive turbochargers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automotive turbochargers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive turbocharger market of sales of single-turbo, twin-turbo, twin-scroll turbo, variable geometry turbo, variable twin scroll turbo, and electric turbo. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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