The Europe Turbocharger Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
A turbo is built by joining two halves together by using a shaft. Hot exhaust gasses rotate the turbine on one side, which is attached to an additional turbine that takes the air in and compresses it into the engine. Through this compression, the engine produces more power and efficiency since the high amount of air goes into the combustion chamber, wherein extra fuel would be added for more power.
Moreover, turbochargers have witnessed a rapid increase in popularity because turbochargers are widely used in heavy commercial vehicles, light commercial vehicles, ships & aircraft, heavy-duty vehicles, and locomotives, due to a wide range of benefits offered by them like higher fuel-efficiency and enhanced engine performance related to power and output. Additionally, it also assists automotive manufacturers to fulfill regulatory standards related to carbon emission. For example, the government of Europe enforced emission targets on new light commercial vehicles, in which every vehicle is needed to get a label showing its CO2 emission level and fuel efficiency.
There are several European nations like France, Spain, Italy, and Germany that are the home for many top automotive companies across the world. This mature automotive industry in Europe is among the key factors fueling the growth of the regional turbocharger market. Though, Europe is the most affected region by the COVID-19 pandemic particularly nations like Spain and Italy. The increasing preference of customers towards the downsized petrol engine is motivating manufacturers to use turbochargers to reduce the size of the engine in automobiles.
The stringent government regulations to control air pollution and carbon emission from vehicles are creating lucrative opportunities for turbocharger manufacturers. Additionally, various benefits of using turbochargers in vehicles and other transportation mediums are gaining more popularity among the manufacturers and thus, propelling the growth of the turbocharger market in this region.
The Germany market dominated the Europe Turbocharger Heavy Commercial Vehicle Market by Country 2020, thereby, achieving a market value of $380.9 million by 2027. The UK market is exhibiting a CAGR of 5.9% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 7.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Turbocharger Market Size will Hit 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Turbocharger Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 8 Europe Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 9 Europe Turbocharger Diesel Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Turbocharger Diesel Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Turbocharger Gasoline Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Turbocharger Gasoline Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 14 Europe Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 15 Europe Turbocharger Light Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Turbocharger Light Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Turbocharger Heavy Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Turbocharger Heavy Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Turbocharger Ships & Aircrafts Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Turbocharger Ships & Aircrafts Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Turbocharger Agriculture & Construction Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Turbocharger Agriculture & Construction Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Turbocharger Locomotives Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Turbocharger Locomotives Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 26 Europe Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 27 Europe Aluminium Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Aluminium Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Cast Iron Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Cast Iron Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 32 Europe Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 33 Europe Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 35 Europe Aftermarket Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 36 Europe Aftermarket Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 37 Europe Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 38 Europe Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 39 Europe Twin-turbo Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 40 Europe Twin-turbo Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 41 Europe Wastegate Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 42 Europe Wastegate Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 43 Europe Variable Geometry Technology (VGT) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 44 Europe Variable Geometry Technology (VGT) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 45 Europe Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 46 Europe Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 47 Germany Turbocharger Market, 2017 - 2020, USD Million
TABLE 48 Germany Turbocharger Market, 2021 - 2027, USD Million
TABLE 49 Germany Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 50 Germany Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 51 Germany Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 52 Germany Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 53 Germany Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 54 Germany Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 55 Germany Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 56 Germany Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 57 Germany Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 58 Germany Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 59 UK Turbocharger Market, 2017 - 2020, USD Million
TABLE 60 UK Turbocharger Market, 2021 - 2027, USD Million
TABLE 61 UK Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 62 UK Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 63 UK Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 64 UK Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 65 UK Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 66 UK Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 67 UK Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 68 UK Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 69 UK Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 70 UK Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 71 France Turbocharger Market, 2017 - 2020, USD Million
TABLE 72 France Turbocharger Market, 2021 - 2027, USD Million
TABLE 73 France Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 74 France Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 75 France Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 76 France Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 77 France Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 78 France Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 79 France Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 80 France Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 81 France Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 82 France Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 83 Russia Turbocharger Market, 2017 - 2020, USD Million
TABLE 84 Russia Turbocharger Market, 2021 - 2027, USD Million
TABLE 85 Russia Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 86 Russia Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 87 Russia Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 88 Russia Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 89 Russia Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 90 Russia Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 91 Russia Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 92 Russia Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 93 Russia Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 94 Russia Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 95 Spain Turbocharger Market, 2017 - 2020, USD Million
TABLE 96 Spain Turbocharger Market, 2021 - 2027, USD Million
TABLE 97 Spain Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 98 Spain Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 99 Spain Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 100 Spain Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 101 Spain Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 102 Spain Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 103 Spain Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 104 Spain Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 105 Spain Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 106 Spain Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 107 Italy Turbocharger Market, 2017 - 2020, USD Million
TABLE 108 Italy Turbocharger Market, 2021 - 2027, USD Million
TABLE 109 Italy Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 110 Italy Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 111 Italy Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 112 Italy Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 113 Italy Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 114 Italy Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 115 Italy Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 116 Italy Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 117 Italy Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 118 Italy Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 119 Rest of Europe Turbocharger Market, 2017 - 2020, USD Million
TABLE 120 Rest of Europe Turbocharger Market, 2021 - 2027, USD Million
TABLE 121 Rest of Europe Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 122 Rest of Europe Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 123 Rest of Europe Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 124 Rest of Europe Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 125 Rest of Europe Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 126 Rest of Europe Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 127 Rest of Europe Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 128 Rest of Europe Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 129 Rest of Europe Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 130 Rest of Europe 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