Turbocharger Market Size, Share, and Trends 2024 to 2034

The global turbocharger market size is calculated at USD 39.76 billion in 2025 and is predicted to reach around USD 73.12 billion by 2034, accelerating at a CAGR of 7.02% from 2025 to 2034. The Asia Pacific turbocharger market size surpassed USD 16.30 billion in 2025 and is expanding at a CAGR of 7.15% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 3268
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Turbocharger Market 

5.1. COVID-19 Landscape: Turbocharger Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Turbocharger Market, By Technology

8.1. Turbocharger Market Revenue and Volume, by Technology

8.1.1. Twin-Turbo

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Wastegate Technology

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Variable Geometry Technology

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Turbocharger Market, By Fuel Type

9.1. Turbocharger Market Revenue and Volume, by Fuel Type

9.1.1. Diesel

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Gasoline

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Turbocharger Market, By Application

10.1. Turbocharger Market Revenue and Volume, by Application

10.1.1. Light Commercial Vehicle

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Heavy Commercial Vehicle

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Ships & Aircrafts

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Agriculture & Construction

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Locomotives

10.1.5.1. Market Revenue and Volume Forecast

Chapter 11. Global Turbocharger Market, By Material

11.1. Turbocharger Market Revenue and Volume, by Material

11.1.1. Cast Iron

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Aluminum

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Turbocharger Market, By End-User

12.1. Turbocharger Market Revenue and Volume, by End-User

12.1.1. Original Equipment Manufacturer

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Aftermarket

12.1.2.1. Market Revenue and Volume Forecast

Chapter 13. Global Turbocharger Market, By Actuators

13.1. Turbocharger Market Revenue and Volume, by Actuators

13.1.1. Hydraulic

13.1.1.1. Market Revenue and Volume Forecast

13.1.2. Pneumatic

13.1.2.1. Market Revenue and Volume Forecast

13.1.3. Electric

13.1.3.1. Market Revenue and Volume Forecast

Chapter 14. Global Turbocharger Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Volume Forecast, by Technology

14.1.2. Market Revenue and Volume Forecast, by Fuel Type

14.1.3. Market Revenue and Volume Forecast, by Application

14.1.4. Market Revenue and Volume Forecast, by Material

14.1.5. Market Revenue and Volume Forecast, by End-User

14.1.6. Market Revenue and Volume Forecast, by Actuators

14.1.7. U.S.

14.1.7.1. Market Revenue and Volume Forecast, by Technology

14.1.7.2. Market Revenue and Volume Forecast, by Fuel Type

14.1.7.3. Market Revenue and Volume Forecast, by Application

14.1.7.4. Market Revenue and Volume Forecast, by Material

14.1.8. Market Revenue and Volume Forecast, by End-User

14.1.8.1. Market Revenue and Volume Forecast, by Actuators  

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Volume Forecast, by Technology

14.1.9.2. Market Revenue and Volume Forecast, by Fuel Type

14.1.9.3. Market Revenue and Volume Forecast, by Application

14.1.9.4. Market Revenue and Volume Forecast, by Material

14.1.10. Market Revenue and Volume Forecast, by End-User

14.1.11. Market Revenue and Volume Forecast, by Actuators

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Volume Forecast, by Technology

14.2.2. Market Revenue and Volume Forecast, by Fuel Type

14.2.3. Market Revenue and Volume Forecast, by Application

14.2.4. Market Revenue and Volume Forecast, by Material  

14.2.5. Market Revenue and Volume Forecast, by End-User

14.2.6. Market Revenue and Volume Forecast, by Actuators

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Volume Forecast, by Technology

14.2.8.2. Market Revenue and Volume Forecast, by Fuel Type

14.2.8.3. Market Revenue and Volume Forecast, by Application

14.2.9. Market Revenue and Volume Forecast, by Material  

14.2.10. Market Revenue and Volume Forecast, by End-User

14.2.10.1. Market Revenue and Volume Forecast, by Actuators  

14.2.11. Germany

14.2.11.1. Market Revenue and Volume Forecast, by Technology

14.2.11.2. Market Revenue and Volume Forecast, by Fuel Type

14.2.11.3. Market Revenue and Volume Forecast, by Application

14.2.12. Market Revenue and Volume Forecast, by Material

14.2.13. Market Revenue and Volume Forecast, by End-User

14.2.14. Market Revenue and Volume Forecast, by Actuators

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Volume Forecast, by Technology

14.2.15.2. Market Revenue and Volume Forecast, by Fuel Type

14.2.15.3. Market Revenue and Volume Forecast, by Application

14.2.15.4. Market Revenue and Volume Forecast, by Material

14.2.16. Market Revenue and Volume Forecast, by End-User

14.2.16.1. Market Revenue and Volume Forecast, by Actuators

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Volume Forecast, by Technology

14.2.17.2. Market Revenue and Volume Forecast, by Fuel Type

14.2.17.3. Market Revenue and Volume Forecast, by Application

14.2.17.4. Market Revenue and Volume Forecast, by Material

14.2.18. Market Revenue and Volume Forecast, by End-User

14.2.18.1. Market Revenue and Volume Forecast, by Actuators

14.3. APAC

14.3.1. Market Revenue and Volume Forecast, by Technology

14.3.2. Market Revenue and Volume Forecast, by Fuel Type

14.3.3. Market Revenue and Volume Forecast, by Application

14.3.4. Market Revenue and Volume Forecast, by Material

14.3.5. Market Revenue and Volume Forecast, by End-User

14.3.6. Market Revenue and Volume Forecast, by Actuators

14.3.7. India

14.3.7.1. Market Revenue and Volume Forecast, by Technology

14.3.7.2. Market Revenue and Volume Forecast, by Fuel Type

14.3.7.3. Market Revenue and Volume Forecast, by Application

14.3.7.4. Market Revenue and Volume Forecast, by Material

14.3.8. Market Revenue and Volume Forecast, by End-User

14.3.9. Market Revenue and Volume Forecast, by Actuators

14.3.10. China

14.3.10.1. Market Revenue and Volume Forecast, by Technology

14.3.10.2. Market Revenue and Volume Forecast, by Fuel Type

14.3.10.3. Market Revenue and Volume Forecast, by Application

14.3.10.4. Market Revenue and Volume Forecast, by Material

14.3.11. Market Revenue and Volume Forecast, by End-User

14.3.11.1. Market Revenue and Volume Forecast, by Actuators

14.3.12. Japan

14.3.12.1. Market Revenue and Volume Forecast, by Technology

14.3.12.2. Market Revenue and Volume Forecast, by Fuel Type

14.3.12.3. Market Revenue and Volume Forecast, by Application

14.3.12.4. Market Revenue and Volume Forecast, by Material

14.3.12.5. Market Revenue and Volume Forecast, by End-User

14.3.12.6. Market Revenue and Volume Forecast, by Actuators

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Volume Forecast, by Technology

14.3.13.2. Market Revenue and Volume Forecast, by Fuel Type

14.3.13.3. Market Revenue and Volume Forecast, by Application

14.3.13.4. Market Revenue and Volume Forecast, by Material

14.3.13.5. Market Revenue and Volume Forecast, by End-User

14.3.13.6. Market Revenue and Volume Forecast, by Actuators

14.4. MEA

14.4.1. Market Revenue and Volume Forecast, by Technology

14.4.2. Market Revenue and Volume Forecast, by Fuel Type

14.4.3. Market Revenue and Volume Forecast, by Application

14.4.4. Market Revenue and Volume Forecast, by Material

14.4.5. Market Revenue and Volume Forecast, by End-User

14.4.6. Market Revenue and Volume Forecast, by Actuators

14.4.7. GCC

14.4.7.1. Market Revenue and Volume Forecast, by Technology

14.4.7.2. Market Revenue and Volume Forecast, by Fuel Type

14.4.7.3. Market Revenue and Volume Forecast, by Application

14.4.7.4. Market Revenue and Volume Forecast, by Material

14.4.8. Market Revenue and Volume Forecast, by End-User

14.4.9. Market Revenue and Volume Forecast, by Actuators

14.4.10. North Africa

14.4.10.1. Market Revenue and Volume Forecast, by Technology

14.4.10.2. Market Revenue and Volume Forecast, by Fuel Type

14.4.10.3. Market Revenue and Volume Forecast, by Application

14.4.10.4. Market Revenue and Volume Forecast, by Material

14.4.11. Market Revenue and Volume Forecast, by End-User

14.4.12. Market Revenue and Volume Forecast, by Actuators

14.4.13. South Africa

14.4.13.1. Market Revenue and Volume Forecast, by Technology

14.4.13.2. Market Revenue and Volume Forecast, by Fuel Type

14.4.13.3. Market Revenue and Volume Forecast, by Application

14.4.13.4. Market Revenue and Volume Forecast, by Material

14.4.13.5. Market Revenue and Volume Forecast, by End-User

14.4.13.6. Market Revenue and Volume Forecast, by Actuators

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Volume Forecast, by Technology

14.4.14.2. Market Revenue and Volume Forecast, by Fuel Type

14.4.14.3. Market Revenue and Volume Forecast, by Application

14.4.14.4. Market Revenue and Volume Forecast, by Material

14.4.14.5. Market Revenue and Volume Forecast, by End-User

14.4.14.6. Market Revenue and Volume Forecast, by Actuators

14.5. Latin America

14.5.1. Market Revenue and Volume Forecast, by Technology

14.5.2. Market Revenue and Volume Forecast, by Fuel Type

14.5.3. Market Revenue and Volume Forecast, by Application

14.5.4. Market Revenue and Volume Forecast, by Material

14.5.5. Market Revenue and Volume Forecast, by End-User

14.5.6. Market Revenue and Volume Forecast, by Actuators

14.5.7. Brazil

14.5.7.1. Market Revenue and Volume Forecast, by Technology

14.5.7.2. Market Revenue and Volume Forecast, by Fuel Type

14.5.7.3. Market Revenue and Volume Forecast, by Application

14.5.7.4. Market Revenue and Volume Forecast, by Material

14.5.8. Market Revenue and Volume Forecast, by End-User

14.5.8.1. Market Revenue and Volume Forecast, by Actuators

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Volume Forecast, by Technology

14.5.9.2. Market Revenue and Volume Forecast, by Fuel Type

14.5.9.3. Market Revenue and Volume Forecast, by Application

14.5.9.4. Market Revenue and Volume Forecast, by Material

14.5.9.5. Market Revenue and Volume Forecast, by End-User

14.5.9.6. Market Revenue and Volume Forecast, by Actuators

Chapter 15. Company Profiles

15.1. Rotomaster International

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. MITSUBISHI ELECTRIC CORPORATION

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. BorgWarner Inc.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. CONTINENTAL AG.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Turbo Dynamics Ltd.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. IHI Corporation

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Cummins Inc.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Honeywell International Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Eaton

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Precision Turbo & Engine

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global turbocharger market size is expected to increase USD 73.12 billion by 2034 from USD 37.09 billion in 2024.

The global turbocharger market will register growth rate of 7.02% between 2025 and 2034.

The major players operating in the turbocharger market are Rotomaster International, MITSUBISHI ELECTRIC CORPORATION, BorgWarner Inc., CONTINENTAL AG., Turbo Dynamics Ltd., IHI Corporation, Cummins Inc., Honeywell International Inc., Eaton, Precision Turbo & Engine, Garrett Motion Inc., and Others.

The driving factors of the turbocharger market are the stringent emission norms & increase in sales of gasoline passenger cars and better engine performance & fuel economy would accelerate market expansion.

Asia Pacific region will lead the global turbocharger market during the forecast period 2025 to 2034.

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