North America Automotive Turbocharger Parts Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The North America automotive turbocharger parts market is experiencing a significant surge due to increased consumer demand for more fuel-efficient vehicles. In particular, the growing adoption of turbocharged engines in both passenger and commercial vehicles is driving the market's expansion. Turbochargers enhance engine performance by increasing air intake, enabling smaller engines to achieve higher power outputs while maintaining fuel efficiency. This has made them a preferred choice among automotive manufacturers, especially in light of stricter fuel economy standards and growing environmental awareness.
In the commercial sector, the demand for turbochargers has also risen as fleet operators look to reduce operating costs through improved fuel economy. With more stringent emission regulations in place, manufacturers are increasingly incorporating turbocharger systems into their designs to meet the required performance benchmarks. This trend is most visible in heavy-duty trucks, where turbocharging technology is employed to boost engine power while reducing emissions.
As automakers continue to focus on sustainability, the need for advanced turbocharger components, such as turbine wheels, compressors, and bearings, has significantly increased. Manufacturers are turning to precision-engineered, lightweight, and durable parts to meet the higher demands placed on these systems. Additionally, the integration of electric turbochargers, a rapidly emerging technology, is becoming a focal point of research and development for automotive companies across North America.
Alongside these technological advancements, the market is also seeing the rise of aftermarket services. Consumers and businesses alike are seeking high-quality replacement parts that can enhance the longevity and performance of their vehicles. This growing interest in automotive turbocharger parts has encouraged a surge in the production of reliable aftermarket options that provide both affordability and performance.
In summary, the automotive industry in North America is increasingly reliant on turbocharger technology to meet performance, fuel efficiency, and emission standards. As these components evolve and improve, the demand for high-quality turbocharger parts is poised to remain strong, shaping the future of the North America automotive turbocharger parts market.
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Indo Schöttle
KBB
Turbotech Precision Products Ltd.
AIKOKU Alpha Corporation
STEWART Manufacturing LLC
CIMOS d.d. Automotive Industry
DaidoMetal Co.
Ltd
PHESSIO TURBO
Doncasters
Tianjin New Wei San Industrial Co.
Ltd
Kehua Holdings Co.
Ltd
Lihu Corporation
Shanghai Sinotec Co.
Ltd.
Wuxi BEST
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Automotive Turbocharger Parts Market
Gasoline Engine
Diesel Engine
Other
Based on Types the Market is categorized into Below types that held the largest Automotive Turbocharger Parts market share In 2023.
Impeller
Intermediate Shell
Precision Bearing Parts
Other
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Automotive Turbocharger Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Automotive Turbocharger Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Automotive Turbocharger Parts Market, By Type
6. North America Automotive Turbocharger Parts Market, By Application
7. North America Automotive Turbocharger Parts Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Automotive Turbocharger Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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