市场调查报告书
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1500297
全球汽车涡轮增压器市场 2024-2031Global Automotive Turbocharger Market 2024-2031 |
预计全球汽车涡轮增压器市场在预测期内(2024-2031年)复合年增长率将达到13.6%。市场成长归因于对节能汽车的需求不断增加、污染法规更加严格,以及汽车产业对提高全球性能的持续重视。涡轮增压器被认为是提高引擎效率的重要汽车零件。涡轮机由系统在燃烧过程中使用的引擎废气提供动力。透过使用此涡轮机,轴用于推动压缩机叶轮。引擎从压缩机叶轮接收压缩空气,压缩机叶轮吸入并压缩外部空气。
市场动态
Global Automotive Turbocharger Market Size, Share & Trends Analysis Report by Technology Type (Variable Geometry Turbocharger/ Variable Nozzle Turbine, Wastegate Turbocharger and Electric Turbocharger), by Fuel Type (Gasoline, Diesel and Alternate Fuel/ CNG), by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)) Forecast Period (2024-2031)
The global automotive turbocharger market is anticipated to grow at a significant CAGR of 13.6% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for fuel-efficient cars, stricter pollution regulations, and the automotive industry's ongoing emphasis on improving performance globally. Turbochargers are regarded as an essential automobile part ability to boost engine efficiency. The turbine is powered by engine exhaust gas used by the system during combustion. A shaft is used to propel the compressor wheel by use of this turbine. The engine receives compressed air from the compressor wheel, which draws in and compresses outside air.
Market Dynamics
Growing Demand for Improving Fuel Efficiency
The increased fuel efficiency of automobiles by the installation of automotive turbochargers is a major factor driving the growth of the automotive turbocharger market. Allowing more air to enter the combustion engine of powertrains will increase internal combustion and engine power output. Owing to their ability to deliver high engine power without raising piston displacement, these turbochargers offer excellent economy and are environmentally benign. Additionally, the primary drivers of the automotive turbocharger market's growth are improved efficiency, low waste output, and optimal resource usage. Stricter rules and restrictions have been put in place by the government to stop the rising fuel emissions. Additionally, the government is enforcing regulations and establishing pollution standards that auto manufacturers must adhere to when producing vehicles.
Increasing Adoption of Downsizing of Engines
Increasing downsizing of car engines has been a common practice in the automotive industry. Without altering the piston displacement, the automotive turbocharger system increases engine output power. This factor causes engines with higher performance and better fuel efficiency to be reduced in size. Manufacturing businesses are incorporating turbochargers to increase engine power and torque while downsizing engines by reducing the number of cylinders and piston displacement. The market for automotive turbochargers is expanding as a result of the growing acceptance of engine downsizing in cars. Reduced engine size results in increased fuel efficiency, low cost, high durability, and safety.
Market Segmentation
Our in-depth analysis of the global automotive turbocharger market includes the following segments technology type, fuel type, and vehicle type.
Variable Geometry Turbocharger/Variable Nozzle Turbine is Projected to Hold as the Largest Segment
Based on the technology type, the global automotive turbocharger market is sub-segmented into variable geometry turbochargers/variable nozzle turbines, wastegate turbochargers, and electric turbochargers. Among these variable geometry turbocharger/variable nozzle turbines, the sub-segment is expected to hold the largest share of the market. The primary factors supporting the increased adoption of VGT turbochargers owing to low-end torque, reduced turbo latency, and accurate boost control for different engine loads and speeds. Resulting in being extensively utilized globally to fulfill strict pollution standards, boost fuel efficiency, and enhance engine performance. Owing to their adaptability, VGT turbochargers are widely used in a wide range of vehicle types, including buses, heavy-duty trucks, and passenger and commercial cars. To improve performance, efficiency, and reliability, the key market players including Cummins Turbo Technologies, BorgWarner Inc., and Garrett Motion Inc. are investing in the integration of advanced electronic control units (ECUs) to enhance the performance of VGT technology.
Passenger Cars Sub-segment to Hold a Considerable Market Share
Based on vehicle type, the global automotive turbocharger market is sub-segmented into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Among these, the passenger cars sub-segment is expected to hold a considerable share of the market. OEMs have switched from manufacturing diesel vehicles to gasoline-powered ones for several reasons, such as stricter emissions laws that target diesel, higher taxes on diesel fuel and vehicles to limit demand, and the closing gap between gasoline and diesel models' fuel efficiency and performance. Furthermore, Gasoline Direct Injection (GDI) systems are frequently seen in gasoline-powered automobiles. These systems provide higher power and torque statistics while improving fuel efficiency by up to 20.0% when compared to conventional gasoline engines. According to the European Automobile Manufacturers' Association (ACEA), in May 2023, in 2022, 85.4 million motor vehicles were produced globally, an increase of 5.7% compared to 2021.
The global automotive turbocharger market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Demand for Automotive Turbochargers in Asia-Pacific
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to numerous prominent automotive turbocharger companies and providers such as Advanced Tuning Products, Inc., Bullseye Power Turbo Chargers, Comp Turbo Technology Inc., and FULL-RACE in the region. The growth is mainly attributed to the increasing adoption of internal combustion engines by automakers in response to the nation's stronger emission regulations driving the market growth in the region. The demand for high-performance, fuel-efficient vehicles has led to significant growth in the automotive turbocharger market. To enhance the amount of fuel and air that burn and produce power, turbochargers compress air before it enters the engine. The government in the region introduced regulations for automotive turbochargers to reduce greenhouse gas emissions. For instance, in December 2023, the US Environment Protection Agency that the sedan/wagon and car SUV vehicle types must meet the car standards under EPA's light-duty GHG regulations, while truck SUVs, pickups, and minivans/vans must meet separate truck standards. In the model year 2022, 37.0% of all new vehicles were cars and 63.0% of all new vehicles were trucks under EPA's light-duty GHG regulations.
The major companies serving the global automotive turbocharger market include BorgWarner Inc., Cummins Inc., Honeywell International Inc., IHI Corp., and Mitsubishi Heavy Industries, Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in April 2024, Accelleron partnered with BEMAC to improve access to digital solutions for engines and turbochargers. The role of digital solutions is growing resulting in new seamless access to Accelleron's digital capabilities via MaSSA-One enabling a smooth transition to digitalization and contributing to efficient operations.
Recent Development