The Asia Pacific Turbocharger Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
Turbocharge refers to an essential component of the internal combustion (IC) engine that enhances its performance by expanding the air intake quantity in the combustion chamber by using ejected burnt air. An internal combustion engine requires more air for the combustion of extra fuel for significant power generation, which reduces its efficiency, and hence, the turbocharger is very important in fueling the efficiency by providing compressed air.
These turbochargers help in maximizing engine performance and boost fuel efficiency, which is estimated to bode well for the turbocharger market in the upcoming years. Turbocharger, specifically, operates better on high engine speed and does not need a power source to run. Additionally, it is also directed by the movement of burnt gases that are discharged by the engine. Currently, this technology is widely utilized in the automotive & aerospace industries. For instance, manufacturers use turbochargers in engines of racing cars to produce huge power even within harsh & high-temperature situations.
The increasing number of automotive vehicles in the nations like China and India along with the high production of automobiles would support the growth of the regional turbocharger market. In addition, there are several stringent emissions regulations enforced by the governments in this region, which motivates manufacturers to use turbochargers as it reduces carbon emissions. People are also increasingly inclining towards adopting turbocharger-based vehicles, which would augment the regional turbocharger market.
The production of the turbocharger is high in this region, which is supporting the growth of the regional turbocharger market. Additionally, the high awareness among the customers regarding the environmental problems, which is motivating them to adopt vehicles with lower carbon emissions to reduce the carbon level in the environment. This would bolster the growth of the regional turbocharger market.
The China market dominated the Asia Pacific Aftermarket Turbocharger Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $509.2 million by 2027. The Japan market is showcasing a CAGR of 7.8% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 8.8% during (2021 - 2027).
Based on Fuel Type, the market is segmented into Diesel and Gasoline. Based on Application, the market is segmented into Light Commercial Vehicle, Heavy Commercial Vehicle, Ships & Aircrafts, Agriculture & Construction, and Locomotives. Based on Material, the market is segmented into Aluminium and Cast Iron. Based on Technology, the market is segmented into Twin-turbo Technology, Wastegate Technology and Variable Geometry Technology (VGT). Based on End User, the market is segmented into Original Equipment Manufacturer (OEMs) and Aftermarket. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Turbocharger Market is Projected to reach USD 24.3 Billion by 2027, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Garrett Motion, Inc., BorgWarner, Inc., Cummins, Inc., Mitsubishi Heavy Industries Ltd., Precision Turbo & Engine (Wabtec Corporation), IHI Corporation (Dai-ichi Life), Turbo Dynamics Ltd, Marelli, Magnum Performance Turbos, Inc., and Kompressorenbau Bannewitz GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Fuel Type
By Application
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Ships & Aircrafts
- Agriculture & Construction
- Locomotives
By Material
By Technology
- Twin-turbo Technology
- Wastegate Technology
- Variable Geometry Technology (VGT)
By End User
- Original Equipment Manufacturer (OEMs)
- Aftermarket
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Garrett Motion, Inc.
- BorgWarner, Inc.
- Cummins, Inc.
- Mitsubishi Heavy Industries Ltd.
- Precision Turbo & Engine (Wabtec Corporation)
- IHI Corporation (Dai-ichi Life)
- Turbo Dynamics Ltd
- Marelli
- Magnum Performance Turbos, Inc.
- Kompressorenbau Bannewitz GmbH
TABLE 1 Asia Pacific Turbocharger Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Turbocharger Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Turbocharger Market
TABLE 4 Product Launches And Product Expansions– Turbocharger Market
TABLE 5 Acquisition and Mergers– Turbocharger Market
TABLE 6 Geographical Expansions– Turbocharger Market
TABLE 7 Asia Pacific Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Turbocharger Diesel Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Turbocharger Diesel Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Turbocharger Gasoline Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Turbocharger Gasoline Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Turbocharger Light Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Turbocharger Light Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Turbocharger Heavy Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Turbocharger Heavy Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Turbocharger Ships & Aircrafts Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Turbocharger Ships & Aircrafts Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Turbocharger Agriculture & Construction Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Turbocharger Agriculture & Construction Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Turbocharger Locomotives Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Turbocharger Locomotives Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Aluminium Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Aluminium Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Cast Iron Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Cast Iron Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Aftermarket Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Aftermarket Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Twin-turbo Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Twin-turbo Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Wastegate Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Wastegate Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 43 Asia Pacific Variable Geometry Technology (VGT) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 44 Asia Pacific Variable Geometry Technology (VGT) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 45 Asia Pacific Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 46 Asia Pacific Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 47 China Turbocharger Market, 2017 - 2020, USD Million
TABLE 48 China Turbocharger Market, 2021 - 2027, USD Million
TABLE 49 China Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 50 China Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 51 China Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 52 China Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 53 China Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 54 China Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 55 China Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 56 China Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 57 China Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 58 China Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 59 Japan Turbocharger Market, 2017 - 2020, USD Million
TABLE 60 Japan Turbocharger Market, 2021 - 2027, USD Million
TABLE 61 Japan Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 62 Japan Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 63 Japan Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 64 Japan Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 65 Japan Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 66 Japan Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 67 Japan Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 68 Japan Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 69 Japan Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 70 Japan Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 71 India Turbocharger Market, 2017 - 2020, USD Million
TABLE 72 India Turbocharger Market, 2021 - 2027, USD Million
TABLE 73 India Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 74 India Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 75 India Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 76 India Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 77 India Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 78 India Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 79 India Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 80 India Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 81 India Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 82 India Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 83 South Korea Turbocharger Market, 2017 - 2020, USD Million
TABLE 84 South Korea Turbocharger Market, 2021 - 2027, USD Million
TABLE 85 South Korea Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 86 South Korea Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 87 South Korea Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 88 South Korea Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 89 South Korea Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 90 South Korea Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 91 South Korea Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 92 South Korea Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 93 South Korea Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 94 South Korea Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 95 Singapore Turbocharger Market, 2017 - 2020, USD Million
TABLE 96 Singapore Turbocharger Market, 2021 - 2027, USD Million
TABLE 97 Singapore Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 98 Singapore Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 99 Singapore Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 100 Singapore Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 101 Singapore Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 102 Singapore Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 103 Singapore Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 104 Singapore Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 105 Singapore Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 106 Singapore Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 107 Malaysia Turbocharger Market, 2017 - 2020, USD Million
TABLE 108 Malaysia Turbocharger Market, 2021 - 2027, USD Million
TABLE 109 Malaysia Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 110 Malaysia Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 111 Malaysia Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 112 Malaysia Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 113 Malaysia Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 114 Malaysia Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 115 Malaysia Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 116 Malaysia Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 117 Malaysia Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 118 Malaysia Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 119 Rest of Asia Pacific Turbocharger Market, 2017 - 2020, USD Million
TABLE 120 Rest of Asia Pacific Turbocharger Market, 2021 - 2027, USD Million
TABLE 121 Rest of Asia Pacific Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 122 Rest of Asia Pacific Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 123 Rest of Asia Pacific Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 124 Rest of Asia Pacific Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 125 Rest of Asia Pacific Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 126 Rest of Asia Pacific Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 127 Rest of Asia Pacific Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 128 Rest of Asia Pacific Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 129 Rest of Asia Pacific Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 130 Rest of Asia Pacific Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 131 Key information – Garrett Motion, Inc.
TABLE 132 Key Information – BorgWarner, Inc.
TABLE 133 Key information – Cummins, Inc.
TABLE 134 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 135 Key information – Precision Turbo & Engine
TABLE 136 Key information – IHI Corporation
TABLE 137 Key information – Turbo Dynamics Ltd
TABLE 138 Key information – Marelli
TABLE 139 Key information – Magnum Performance Turbos, Inc.
TABLE 140 Key information – Kompressorenbau Bannewitz GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Apr – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: BorgWarner, Inc.
FIG 6 Recent strategies and developments: Cummins, Inc.
FIG 7 Recent strategies and developments: Marelli