The North America Turbocharger Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
As the demand for vehicles is increasing across the world, several companies are aiming to use eco-friendly and energy-efficient parts in vehicle engines to minimize the consumption of fuel and pollution in the atmosphere. Turbochargers minimize the power loss and reduce the emission of numerous gases from various vehicles that further result in air pollution. In addition, turbochargers are small in size, which helps them in decreasing the size of the whole engine and vehicle. The increasing application of IC engines in motor vehicles and the constant researches on the deployment of turbochargers in other industries is anticipated to open new growth avenues for turbocharger manufacturers.
The ongoing trend for the deployment of advanced and efficient turbochargers in vehicles has gained momentum owing to its benefits like higher vehicle efficiency. It has helped turbocharger manufacturers to carry out constant improvements in current turbochargers, and thus, propelling the growth of the turbocharger market.
The superior engine performance with fuel efficiency, reduction in the overall size & weight of vehicles, and government regulations are among the key factors fueling the growth of the turbocharger market. However, difficulties in the deployment of the turbocharger and a high rise in the temperature of the engine, due to overheating issues associated with turbochargers are major aspects hampering the growth of the turbocharger market. Though, the growing demand for fuel-efficient engines & gasoline engines is projected to support the growth of the turbocharger market over the forecast period.
The growing adoption of a turbocharged engine is one of the key aspects augmenting the growth of the regional turbocharger market in the coming years. In addition, the trend of downsized engines in automobiles among the customers is supporting the growth of the regional turbocharger market. However, the increasing popularity of shared vehicles and the high customer awareness would bolster the growth of the regional turbocharger market.
The strict government rules and regulations about controlling the air pollution and carbon-emission level would motivate manufacturers to use turbochargers in the production of various vehicles like trucks, cars, ships, and aircraft. This increasing usage of turbochargers in various vehicles is supporting the growth of the regional turbocharger market. Additionally, the increasing prices of fuel and the growing adoption of substitute fuel vehicles would impact the regional growth of the market in the coming years.
The US market dominated the North America Turbocharger Gasoline Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,703.8 million by 2027. The Canada market is experiencing a CAGR of 10.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.5% 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 U.S., Mexico, Canada, and Rest of North America.
Based on Surface Type, the market is segmented into 2D and3D. Based on Deployment Type, the market is segmented into Computer based and Camera based. Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. Based on Surface Type, the market is segmented into 2D and3D. Based on Deployment Type, the market is segmented into Computer based and Camera based. Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Turbocharger Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Turbocharger Market, by Fuel Type
1.4.2 North America Turbocharger Market, by Application
1.4.3 North America Turbocharger Market, by Material
1.4.4 North America Turbocharger Market, by Technology
1.4.5 North America Turbocharger Market, by End User
1.4.6 North America Turbocharger Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Apr – 2021, Jun) Leading Players
Chapter 4. North America Turbocharger Market by Fuel Type
4.1 North America Turbocharger Diesel Market by Country
4.2 North America Turbocharger Gasoline Market by Country
Chapter 5. North America Turbocharger Market by Application
5.1 North America Turbocharger Light Commercial Vehicle Market by Country
5.2 North America Turbocharger Heavy Commercial Vehicle Market by Country
5.3 North America Turbocharger Ships & Aircrafts Market by Country
5.4 North America Turbocharger Agriculture & Construction Market by Country
5.5 North America Turbocharger Locomotives Market by Country
Chapter 6. North America Turbocharger Market by Material
6.1 North America Aluminium Turbocharger Market by Country
6.2 North America Cast Iron Turbocharger Market by Country
Chapter 7. North America Turbocharger Market by End User
7.1 North America Original Equipment Manufacturer (OEMs) Turbocharger Market by Country
7.2 North America Aftermarket Turbocharger Market by Country
Chapter 8. North America Turbocharger Market by Technology
8.1 North America Twin-turbo Technology Turbocharger Market by Country
8.2 North America Wastegate Technology Turbocharger Market by Country
8.3 North America Variable Geometry Technology (VGT) Turbocharger Market by Country
Chapter 9. North America Turbocharger Market by Country
9.1 US Turbocharger Market
9.1.1 US Turbocharger Market by Fuel Type
9.1.2 US Turbocharger Market by Application
9.1.3 US Turbocharger Market by Material
9.1.4 US Turbocharger Market by End User
9.1.5 US Turbocharger Market by Technology
9.2 Canada Turbocharger Market
9.2.1 Canada Turbocharger Market by Fuel Type
9.2.2 Canada Turbocharger Market by Application
9.2.3 Canada Turbocharger Market by Material
9.2.4 Canada Turbocharger Market by End User
9.2.5 Canada Turbocharger Market by Technology
9.3 Mexico Turbocharger Market
9.3.1 Mexico Turbocharger Market by Fuel Type
9.3.2 Mexico Turbocharger Market by Application
9.3.3 Mexico Turbocharger Market by Material
9.3.4 Mexico Turbocharger Market by End User
9.3.5 Mexico Turbocharger Market by Technology
9.4 Rest of North America Turbocharger Market
9.4.1 Rest of North America Turbocharger Market by Fuel Type
9.4.2 Rest of North America Turbocharger Market by Application
9.4.3 Rest of North America Turbocharger Market by Material
9.4.4 Rest of North America Turbocharger Market by End User
9.4.5 Rest of North America Turbocharger Market by Technology
Chapter 10. Company Profiles
10.1 Garrett Motion, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.2 BorgWarner, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional & Segmental Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Acquisitions and Mergers:
10.2.5.3 Product Launches and Product Expansions:
10.3 Cummins, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisitions and Mergers:
10.3.5.3 Product Launches and Product Expansions:
10.4 Mitsubishi Heavy Industries Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Partnerships, Collaborations, and Agreements:
10.4.4.2 Product Launches and Product Expansions:
10.5 Precision Turbo & Engine (Wabtec Corporation)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional & Segmental Analysis
10.5.4 Recent strategies and developments:
10.5.4.1 Product Launches and Product Expansions:
10.6 IHI Corporation (Dai-ichi Life)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional & Segmental Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.7 Turbo Dynamics Ltd
10.7.1 Company Overview
10.8 Marelli
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.8.2.3 Geographical Expansions:
10.9 Magnum Performance Turbos, Inc.
10.9.1 Company Overview
10.10. Kompressorenbau Bannewitz GmbH
10.10.1 Company Overview
TABLE 1 North America Turbocharger Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 8 North America Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 9 North America Turbocharger Diesel Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Turbocharger Diesel Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Turbocharger Gasoline Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Turbocharger Gasoline Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 14 North America Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 15 North America Turbocharger Light Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Turbocharger Light Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Turbocharger Heavy Commercial Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Turbocharger Heavy Commercial Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Turbocharger Ships & Aircrafts Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Turbocharger Ships & Aircrafts Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Turbocharger Agriculture & Construction Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Turbocharger Agriculture & Construction Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Turbocharger Locomotives Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Turbocharger Locomotives Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 26 North America Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 27 North America Aluminium Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Aluminium Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Cast Iron Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Cast Iron Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 32 North America Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 33 North America Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Original Equipment Manufacturer (OEMs) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Aftermarket Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Aftermarket Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 38 North America Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 39 North America Twin-turbo Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Twin-turbo Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Wastegate Technology Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Wastegate Technology Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Variable Geometry Technology (VGT) Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Variable Geometry Technology (VGT) Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Turbocharger Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Turbocharger Market by Country, 2021 - 2027, USD Million
TABLE 47 US Turbocharger Market, 2017 - 2020, USD Million
TABLE 48 US Turbocharger Market, 2021 - 2027, USD Million
TABLE 49 US Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 50 US Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 51 US Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 52 US Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 53 US Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 54 US Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 55 US Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 56 US Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 57 US Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 58 US Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 59 Canada Turbocharger Market, 2017 - 2020, USD Million
TABLE 60 Canada Turbocharger Market, 2021 - 2027, USD Million
TABLE 61 Canada Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 62 Canada Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 63 Canada Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 64 Canada Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 65 Canada Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 66 Canada Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 67 Canada Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 68 Canada Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 69 Canada Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 70 Canada Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 71 Mexico Turbocharger Market, 2017 - 2020, USD Million
TABLE 72 Mexico Turbocharger Market, 2021 - 2027, USD Million
TABLE 73 Mexico Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 74 Mexico Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 75 Mexico Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 76 Mexico Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 77 Mexico Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 78 Mexico Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 79 Mexico Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 80 Mexico Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 81 Mexico Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 82 Mexico Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 83 Rest of North America Turbocharger Market, 2017 - 2020, USD Million
TABLE 84 Rest of North America Turbocharger Market, 2021 - 2027, USD Million
TABLE 85 Rest of North America Turbocharger Market by Fuel Type, 2017 - 2020, USD Million
TABLE 86 Rest of North America Turbocharger Market by Fuel Type, 2021 - 2027, USD Million
TABLE 87 Rest of North America Turbocharger Market by Application, 2017 - 2020, USD Million
TABLE 88 Rest of North America Turbocharger Market by Application, 2021 - 2027, USD Million
TABLE 89 Rest of North America Turbocharger Market by Material, 2017 - 2020, USD Million
TABLE 90 Rest of North America Turbocharger Market by Material, 2021 - 2027, USD Million
TABLE 91 Rest of North America Turbocharger Market by End User, 2017 - 2020, USD Million
TABLE 92 Rest of North America Turbocharger Market by End User, 2021 - 2027, USD Million
TABLE 93 Rest of North America Turbocharger Market by Technology, 2017 - 2020, USD Million
TABLE 94 Rest of North America Turbocharger Market by Technology, 2021 - 2027, USD Million
TABLE 95 Key information – Garrett Motion, Inc.
TABLE 96 Key Information – BorgWarner, Inc.
TABLE 97 Key information – Cummins, Inc.
TABLE 98 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 99 Key information – Precision Turbo & Engine
TABLE 100 Key information – IHI Corporation
TABLE 101 Key information – Turbo Dynamics Ltd
TABLE 102 Key information – Marelli
TABLE 103 Key information – Magnum Performance Turbos, Inc.
TABLE 104 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