Automotive Turbocharger Market

Automotive Turbocharger Market Expected to Surpass US$ 34 Bn, Globally, by 2026
Transparency Market Research has published a new report titled, “Automotive
Turbocharger Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2018–2026”. According to the report, the global automotive turbocharger
market is anticipated to surpass US$ 34 Bn by 2026, expanding at a CAGR of more
than 5% during the forecast period.
The market is expanding at a significant rate, as a turbocharged engine of a vehicle
offers several advantages over a conventional engine, such as lower emission of
exhaust gases owing to better combustion of the air-fuel mixture in the combustion
chamber, higher power, and enhanced fuel economy. Stringent emission norms are a
major factor driving the automotive turbocharger market, as it helps vehicle
manufacturers to comply with emission norms. Countries such as China are levying
low excise duty on small engines, thus boosting the adoption of turbochargers, as
automakers can deliver high power with a small engine.
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Rise in consumer demand for performance and improved fuel economy is expected to
drive the automotive turbocharger market. Adoption of turbocharger enables a smaller
engine to deliver greater output, thus helping in downsizing the engine and saving
fuel. Increase in consumer awareness regarding emissions is also a major driver for
the automotive turbocharger market. The turbocharger helps proper combustion, thus
producing lower levels of particulate matter in diesel engines. Increasingly stringent
norms by governments, particularly for NOx, is expected to boost the automotive
turbocharger market. The automotive turbocharger market is expected to expand at a
significant pace during the forecast period, as turbocharger is an effective green
technology that improves fuel economy cost-effectively.
The automotive turbocharger market in Europe is mature due to the presence of a
high number of diesel vehicles in the region. However, the diesel engine segment of
the market is expected to contract during the forecast period due to higher emission
levels of diesel engines, discouraging their sale. The gasoline segment is expected to
expand at a considerable pace during the forecast period.
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In terms of operation, the e-turbocharger segment is expected to expand at a high
growth rate during the forecast period. Turbo lag is eliminated in e-turbochargers, as
they are driven by an electric motor. Moreover, they generate electricity, which
assists the alternator, thus further helping the engine to achieve better fuel economy.
Rise in sale of luxury and high speed vehicles is expected to boost the demand for
twin turbo type turbocharger. The VGT/VNT (Variable geometry or nozzle
turbocharger) segment is expected to hold a significant share of the market due to its
low boost threshold and efficiency at higher speeds. VGT/VNT turbochargers have
been utilized primarily in diesel engines due to their ability to operate in low
temperatures. However, development in material technology has enabled their
adoption in gasoline engines and hence, the gasoline segment of the market is
expected to expand at a steady pace during the forecast period.

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