Dublin, July 22, 2020 (GLOBE NEWSWIRE) -- The "Automotive Turbocharger Market by Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Component, Fuel Type, Application (Agriculture, Construction), Vehicle (Passenger Car, LCV, Truck & Bus), Aftermarket, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global automotive turbocharger market size is expected to grow at a CAGR of 10.5% during the forecast period, where the revenue in 2020 is estimated to be USD 11.1 billion and is projected to reach USD 18.4 billion by 2025.

The growth of the automotive turbocharger market is influenced by factors such as upcoming regulation in Asian countries such as China and India, increased production of mild - hybrid vehicles, and increased popularity of TGDI among others. Some of the market restraining factors are the declining share of diesel vehicles, a recent decline in global vehicle production, and possible shift towards electric cars.

Aluminum is estimated to be the fastest-growing material for turbochargers.

The automotive turbocharger consists of various components like turbines, turbocharger housing, compressor housing, bearings, and turbocharger shaft. Cast Iron, Aluminum, Stainless Steel, Nickel - based alloys, Titanium - alloys are the essential materials used for the manufacturing of turbochargers. The durability of turbocharger components at high temperatures depends upon the type of material been used for it. Owing to the light-weighting trend, and the benefits offered by Aluminum over cast iron, the demand for Al is estimated to be the largest in the coming years.

Passenger car segment is estimated as the largest market for turbochargers.

Passenger car is the major market for turbochargers in the vehicle segment, considering the overall production globally. According to ACEA, the passenger car production hit 74.9 million in 2019 and is expected to go beyond ~70 - 72 million by 2024 - 2025, with Asia Pacific and North America being the leading regions. In 2019, Asia Oceania passenger car production was around 40.2 million units as compared to 43.8 million units in 2017. In 2019, the Asia Oceania region accounted for 79.4% of the global passenger car production. On the other hand, China accounted for 29.2% of the worldwide passenger car production, which makes Asia Oceania is the largest market for turbochargers.

Asia Oceania to dominate the automotive turbocharger market.

Asia Oceania is estimated to be the largest market for automotive turbochargers. The automotive industry has changed the landscape of the Asia Pacific region. Increased production of automobiles, the presence of key players such as IHI, continental AG, Mitsubishi heavy industries, BorgWarner have broadened the scope for turbochargers in this region. China's passenger car production is estimated to cross 20 million by 2024, with 50% of them already equipped with TGDI now will expand the turbocharger market. Other emerging economies stress on cleaner vehicles such as Mild hybrid vehicles, and stringent emission norms will positively impact the turbocharger industry in the future.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Automotive Turbocharger Market, Premium Insights4.1 Attractive Opportunities in Automotive Turbocharger Market4.2 Automotive Turbocharger Market, by Technology4.3 Automotive Turbocharger Market, by Fuel Type4.4 Automotive Turbocharger Market, by Vehicle Type4.5 Automotive Turbocharger Market, by Material4.6 Automotive Turbocharger Market, by Off-Highway Vehicles4.7 Automotive Turbocharger Market, by Region4.8 Automotive Turbocharger Aftermarket

5 Market Overview5.1 Introduction5.2 Years Considered for the Study5.3 Currency and Pricing5.4 Market Dynamics5.4.1 Drivers5.4.1.1 Decrease in Emission Limits in Upcoming Emission Regulations5.4.1.2 Increased Demand for Passenger Car Gasoline Engines5.4.2 Restraints5.4.2.1 Higher Maintenance Cost and More Cooling Oil Requirements5.4.2.2 Decrease in Vehicle Production in the Last Few Years5.4.3 Opportunities5.4.3.1 Electric Turbochargers Will Give a Boost to the Future Demand for Turbochargers5.4.4 Challenges5.4.4.1 Turbo Lag5.4.4.2 Durable, Temperature Resistant, Economical Materials for Turbochargers5.5 Revenue Shift for the Turbocharger Manufacturers

6 Covid-19 Impact Analysis6.1 Covid-19 Impact Analysis on Automotive Market6.2 Covid-19 Impact Analysis on Turbocharger Market6.2.1 Automotive Turbocharger Market Scenario6.2.1.1 Realistic Scenario6.2.1.2 High Covid-19 Impact Scenario6.2.1.3 Low Covid-19 Impact Scenario

7 Automotive Turbocharger Market, by Vehicle Type7.1 Introduction7.1.1 Research Methodology7.1.2 Assumptions7.1.3 Industry Insights7.1.4 Global Vehicle Production Data7.2 Passenger Cars7.2.1 Increasing Passenger Car Production Will Boost the Turbocharger Market in Asia-Pacific and Europe7.3 Light Commercial Vehicles7.3.1 Increasing Trend of Turbocharger Application in Lcv Will Boost the Growth of the North America Market7.4 Truck7.4.1 Growth in Construction, Infrastructure & Transportation Sectors to Drive the Automotive Turbocharger Demand7.5 Bus7.5.1 Increasing Demand for Public and Private Transportation to Boost the Market for Buses in Asia

8 Automotive Turbocharger Market, by Fuel Type8.1 Introduction8.1.1 Research Methodology8.1.2 Assumptions8.1.3 Industry Insights8.2 Diesel8.2.1 Increasing Stringent Emission Norms Will Impact the Automotive Turbocharger Market8.3 Gasoline8.3.1 Increasing Demand from Europe Will Drive the Market for Gasoline Vehicles8.4 Alternate Fuel/Cng8.4.1 Subsidized Price and Environmental Benefits Will Help Cng Vehicles to Grow

9 Automotive Turbocharger Market, by Technology9.1 Introduction9.1.1 Research Methodology9.1.2 Assumptions9.1.3 Industry Insights9.2 Variable Geometry Turbocharger (Vgt/Vnt)9.2.1 Demand for High Efficiency and Low Carbon Emission Technology Will Drive the Variable Geometry Turbocharger Market9.3 Wastegate Turbocharger9.3.1 Increasing Demand for Small Cars in Asia-Pacific Will Drive the Wastegate Turbocharger Market9.4 Electric Turbocharger9.4.1 Use of 48V Architecture in Future Cars and Plug-In Hybrid Will Drive the Electric Turbocharger Market9.5 Variable Twin Scroll Turbocharger9.6 Twin Turbocharger9.6.1 Two Stage Series Turbocharger9.6.2 Two Stage Parallel Turbocharger9.6.3 Twin Scroll Turbocharger9.7 Free-Floating Turbocharger9.8 Double Axle Turbocharger

10 Automotive Turbocharger Market, by Material10.1 Introduction10.1.1 Research Methodology10.1.2 Assumptions10.1.3 Industry Insights10.2 Cast Iron10.2.1 Demand for Cost Effective and Heat Resistant Material Will Help the Cast Iron Market to Grow10.3 Aluminum10.3.1 Use of Aluminum Turbine Housing in Ldv Will Increase in Future10.4 Other Materials10.4.1 Use of Other Materials in Performance Cars Will Drive the Turbocharger Market

11 Automotive Turbocharger Market, by Component11.1 Introduction11.1.1 Industry Insights11.2 Turbine11.3 Compressor11.4 Housing

12 Off-Highway Turbocharger Market, by Industry12.1 Introduction12.1.1 Research Methodology12.1.2 Assumptions12.1.3 Industry Insights12.2 Agriculture Tractor12.2.1 Increasing Demand for High Performance Power Tractor Will Drive the Demand for Automotive Turbocharger12.3 Construction Equipment12.3.1 Growth in Construction & Infrastructure Activities in Asia-Pacific and North America Will Drive the Market

13 Automotive Turbocharger Aftermarket, by Vehicle Type13.1 Introduction13.1.1 Research Methodology13.1.2 Assumptions13.1.3 Industry Insights13.2 Light Commercial Vehicle (LCV)13.2.1 Increasing Adoption of Turbocharger for Lcv in North America Will Boost the Demand in Future13.3 Heavy Commercial Vehicle (HCV)13.3.1 Hcv Will Lead the Market, Due to the High Miles Driven Compare With the LCV's

14 Automotive Turbocharger Market, by Region14.1 Introduction14.2 Asia-Pacific14.3 Europe14.4 North America14.5 Row

15 Recommendations by Markets and Markets15.1 Asia-Pacific Will Be the Major Market for Automotive Turbocharger15.2 Electric Turbocharger Can Be a Key Focus for Manufacturers15.3 Conclusion

16 Competitive Landscape16.1 Overview16.2 Automotive Turbocharger Market: Market Ranking Analysis16.3 Competitive Scenario16.3.1 New Product Developments16.3.2 Expansions16.3.3 Competitive Leadership Mapping16.3.4 Visionary Leaders16.3.5 Innovators16.3.6 Dynamic Differentiators16.3.7 Emerging Companies16.4 Competitive Leadership Mapping: Turbocharger Manufacturers16.4.1 Strenght of Product Portfolio16.4.2 Business Strategy Excellence16.5 Competitive Leadership Mapping: Component Suppliers16.5.1 Strength of Product Portfolio16.5.2 Business Strategy Excellence16.6 Right to Win

17 Company Profiles17.1 Key Players17.1.1 Honeywell17.1.2 Continental AG17.1.3 Borgwarner17.1.4 Mitsubishi Heavy Industries17.1.5 IHI17.1.6 BMTS Technology17.1.7 Cummins17.1.8 ABB17.1.9 TEL17.1.10 Delphi Technologies17.2 Additional Company Profiles17.2.1 North America17.2.1.1 Rotomaster International17.2.1.2 Precision Turbo & Engine Inc.17.2.1.3 Turbonetics Inc.17.2.1.4 Turbo International17.2.2 Europe17.2.2.1 Kompressorenbau Bannewitz GmbH17.2.2.2 Turbo Dynamics Ltd.17.2.2.3 Cimos17.2.3 Asia-Pacific17.2.3.1 Calsonic Kansei17.2.3.2 Weifang Fuyuan Turbocharger Co. Ltd.17.2.3.3 Hunan Tyen Machinery Co. Ltd.17.2.3.4 Ningbo Motor Industrial Co. Ltd.

18 Automotive Turbocharger Adjacent Markets19 AppendixFor more information about this report visit https://www.researchandmarkets.com/r/yrgnet

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$18.4 Billion Worldwide Automotive Turbocharger Industry to 2025 - Players Include Honeywell, Continental & Borgwarner Among Others - Yahoo...