Home > Reports > Turbocharger Market: Information by Fuel Type (Diesel, Gasoline, Others), Technology, Sales Channel, Application, and Re

Turbocharger Market: Information by Fuel Type (Diesel, Gasoline, Others), Technology, Sales Channel, Application, and Region— Forecast till 2029

Market Snapshot
Study Period:
Base Year:
Fastest Growing Market:
North America
Largest Market:
5.7 %
Key Players
Rotomaster International

Tanboress Technology Limited

Turbo Energy Private Limited

Turbonetics Inc

Napier Turbochargers Ltd

A turbocharger is a turbine-driven forced induction device that increases an internal combustion engine’s efficiency and power output by forcing extra air into the combustion chamber. This device primarily runs on fuels such as gasoline and diesel. Whereas, fuels such as electricity can be also used for operating these devices. Turbochargers have applications in automotive, agriculture, aircraft, locomotive, and others. The global turbocharger market has been segmented by fuel type, technology, application, and sales channel.

The turbocharger market is expected to generate USD 24,854 million in 2019 to USD 47,107 million in 2029.

Market Drivers

Growing Demand for High Fuel Economy and Stringent Vehicular Emission Regulations

Today, there is a much greater emphasis on the reduction of CO2 emissions and the improvement of fuel consumption of vehicles globally. Turbochargers are considered a great solution as they transform the exhaust gas released from the consumed fuel energy into power. In the past few years, turbochargers have gained significant traction among vehicle manufacturers. It allows them to reduce the combustion engine sizes, potentially cutting fuel consumption by more than 30%. Besides, the technology offers lesser CO2 emissions, improved fuel economy, and better engine performance than non-turbocharged engines.

Figure 1: Regulations Reducing CO2 Emissions of Major Regions


Source: Government Publications

The reduced carbon dioxide levels from the vehicles help the manufacturers comply with the increasingly stricter norms and regulations, thus boosting the product's demand. Nowadays, turbocharged engines attract a rising number of environment-friendly drivers backed by their performance benefits and high green credentials. With the added advantage of fuel economy, the technology improves fuel consumption up to 40% in diesel engines and up to 20% in gasoline engines, making it common in most lightweight passenger vehicles.

Over time, governments worldwide are strengthening carbon dioxide and nitrogen oxide emission standards for cleaner and healthier air. As seen above in the figure, the NOx emission standards in the U.S. for light-duty vehicles have significantly improved from 3.1 g/mi to 0.03 g/mi, thereby highlighting a 98% improvement from the 1970s, a major driver for turbochargers. The demand for turbochargers is projected to be on an upward growth trajectory in the coming future, strongly supported by its proven capacity to reduce emissions and to save energy.

Surge in Demand for Passenger Cars in the Emerging Economies

The automotive industry, over the past few years, witnessed tremendous growth in the emerging economies on account of the rapid development and increased investments in the regions. The emerging economies, including Asia-Pacific, Latin America, and Southeast Asia, experienced a high influx of OEMs investments to reduce production costs. The geographic diversification of the automakers has created a new manufacturing hub in the emerging markets. The expanding automobile industry, notably in China, Brazil, and India, opens potential avenues for the turbocharger market. The Thailand Automotive Aftersales Industry underlines that there will be over 18 million passenger cars in Thailand by 2020, thus presenting an attractive opportunity for turbochargers in the automotive aftermarket arena.

The rise in the urban population and increased consumer incomes are key factors driving passenger vehicles' demand. Additionally, the easy credit facilities and the increased mobility needs have led to a rise in passenger vehicle sales in these emerging markets. 

Around 25 million cars were sold in 2018 in India, and the number rose to 26.3 million K Units in 2019, as per the statistics published by the IBEF. The growing middle-class population and changing demographics to millennials are resulting in the strong growth of the passenger cars market, which is anticipated to fuel turbochargers' demand. The China Association of Automobile Manufacturers (CAAM) estimates a rise of 11.1% y-o-y growth in passenger cars' retail sales in 2021, with the sales volume reaching 2.14 million K Units. The rapid growth of the passenger vehicle segment and the shifting focus to electric vehicles is anticipated to create demand for turbochargers in the coming years. The market in the passenger car segment is expected to grow at a CAGR of 7.36% during the forecast period.

High Cost Associated with the Maintenance of the Turbochargers

Apart from the various advantages offered by turbochargers, there exist some limitations in using these technologies. One such downside of the turbochargers is their significantly high maintenance cost as a new replacement is expensive. Turbochargers become sluggish or seize in operation due to oil breakdown or degradation. The manufacturer's motor oil and service recommendations help in preventing premature turbo failure.

As the turbo engines are tough on motor oil, it becomes necessary to use high-quality motor oil for long-term turbocharger survival. High-quality motor oil means higher expenses on maintenance. However, the advances in motor oil and coolants have made turbochargers more eco-friendly. Still, the avoidance of oil changes could further add to the additional operating costs of the systems.

But as product innovation and investment in the industry increases, technologies such as variable geometry and twin-scroll are expected to spur more demand for turbochargers. The variable geometry technology segment in the market is expected to grow fastest at a CAGR of 8.06% in value from USD 3,962.8 million in 2019 to USD 8,314.3 million in 2029.

Increasing Demand for Electric Vehicles and Electric Turbochargers

The automotive industry embraces the technology of electric and hybrid vehicles, and more new models are expected to reach the road in the upcoming years. Government regulations aimed to protect the environment are a catalyst for the transformation of the automobile sector. Automakers are significantly investing in increasing the battery range while making the prices lower for hybrid vehicles.

The auto manufacturers are searching for ways to include turbo technology in new vehicle types such as battery-operated vehicles, hybrid and electric. Turbochargers play a significant role in the automobile engine and are expected to hold importance in the engine mix in the future.

Incorporation of Turbo Chargers Across Various Vehicle Types

Vehicle manufacturers are incorporating turbo technology in hybrids, fuel, and battery-electric systems. The turbochargers and the related technologies are widely used to regenerate energy and provide EVs with a backup power source. The range anxiety among consumers and lack of infrastructure are hindering the battery-operated vehicles market. However, the inclusion of a turbo range extender for backup situations is expected to alleviate the EV range anxiety and fuel the market growth.

Figures recorded by the International Energy Agency (IEA) exhibit the surge in the PHEV stock in the major parts of the world. In 2019, there were around 0.77 million PHEVs on China's roads, up from 0.54 million in 2018. The upward growth in the stocks of electric vehicles and stringent environmental regulations helps bolster the global demand for turbochargers in the next few years.

Several innovations based on the turbocharger technology for new hybrid engines and power trains present the automobile industry with new opportunities, thus driving the market forward. The electric fuel segment has been included in the other segment which is expected to grow at a healthy CAGR of 5.85% in value.

Key Players

Refone Auto Power Co Ltd, Rotomaster International, Tanboress Technology Limited, Turbo Energy Private Limited, Turbonetics, Inc. (Wabtec Corporation), Napier Turbochargers Ltd, WeifangFuYuan Turbochargers Co Ltd, Aerocharger, LLC, Ningbo Motor Industrial Co Ltd, PBS Turbo s.r.o., Precision Turbo & Engine Inc., ABB Ltd., BMTS Technology GmbH & Co. KG, BorgWarner Inc., Marelli Holdings Co. Ltd., Continental AG, Cummins Inc., Eaton Corporation, Garrett Motion Inc., Hartzell Engine Technologies LLC. (Aeroforce), Honeywell International Inc., Hunan Tianyan Machinery Co Ltd, IHI Corporation, Kawasaki Heavy Industries, Ltd, KompressorenbauBannewitz GmbH, LI JUN Enterprise Co Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries Ltd

Recent Developments

  • BorgWarner expanded its coverage with the new GTA45 replacement turbochargers for the Detroit Diesel Series 60 engine, Series 60 EPA-2004 in Nov 2020
  • Continental extends its line of turbochargers for the aftermarket – BMW, MINI, and brands of VW group in Nov 2020
  • Garrett Motion Inc added another electrification technology innovation to its portfolio with the recently announced development of the world’s first “E-Turbo” for passenger vehicles with Mercedes-AMG. in July 2020

Global Turbocharger Market Segmentation

By Fuel Type

  • Diesel
  • Gasoline
  • Others

By Technology

  • Wastegate Technology
  • Variable Geometry Technology
  • Twin-turbo Technology
  • Others

By Sales Channel

  • OEMs
  • Aftermarket

By Application

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Agriculture
  • Aircrafts & Marine
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico


  • Germany
  • The U.K
  • Switzerland
  • Italy
  • Spain
  • France
  • Russia
  • Rest of Europe


  • China
  • South Korea
  • Australia
  • India
  • Japan
  • Vietnam
  • Indonesia
  • Rest of Asia-Pacific

Central, South America and Caribbean

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central, South America and Caribbean

The Middle East

  • Saudi Arabia
  • Oman
  • Qatar
  • The UAE
  • Turkey
  • Rest of ME


  • Nigeria
  • Tanzania
  • South Africa
  • Ghana
  • Rest of Africa

Frequently Asked Questions (FAQs)

The rise in the urban population and increased consumer incomes, increasing demand for electric vehicles, and electric turbochargers are the key factors expected to drive Turbocharger Market during the forecast period.
In 2029 Global Turbocharger Market was valued at USD 47,107 million.
Refone Auto Power Co Ltd, Rotomaster International, Turbo Energy Private Limited, Turbonetics, Inc., Napier Turbochargers Ltd, WeifangFuYuan Turbochargers Co Ltd, Aerocharger, LLC, Ningbo Motor Industrial Co Ltd, PBS Turbo s.r.o., Precision Turbo & Engine Inc., ABB Ltd are the top players in Turbocharger Market.
North America is expected to hold the highest market share in Turbocharger Market.
Passenger Cars Application Segment is expected to be the leading segment in Turbocharger Market during the forecast period.
The turbocharger market is expected to generate USD 24,854 million in 2019 to USD 47,107 million in 2029.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Table of Content Download Sample

Copyright . All rights Reserved By Straits Research