Automotive Turbocharger Parts Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 18.6 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global automotive turbocharger parts market was valued at approximately USD 14.5 billion in 2022. With a compound annual growth rate (CAGR) of around 7.8% projected from 2023 to 2030, the market is expected to reach nearly USD 30.2 billion by the end of this forecast period. This robust growth is driven by increasing vehicle production, technological advancements in turbocharging, and the rising demand for fuel-efficient and high-performance engines. The market encompasses a range of components including turbochargers, actuators, and intercoolers, all contributing to enhanced engine efficiency and reduced emissions.
Opportunity analysis reveals significant potential in emerging markets where automotive industry expansion is accelerating. Regions such as Asia-Pacific are experiencing heightened demand due to rapid urbanization and rising disposable incomes, leading to a surge in automotive sales. Additionally, advancements in turbocharger technology, such as the development of electric turbochargers and integrated turbocharging systems, are creating new opportunities for growth. As automotive manufacturers and suppliers continue to innovate and adapt to stringent emission regulations, the market is poised for substantial evolution and investment opportunities in the coming years.
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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 Global 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
Global (United States, Global 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 Global 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. Global Automotive Turbocharger Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Turbocharger Parts Market, By Type
6. Global Automotive Turbocharger Parts Market, By Application
7. Global Automotive Turbocharger Parts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Turbocharger Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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