Automotive Variable Geometry Turbocharger Market is anticipated to reach US$ 1.06 Bn by 2029 from US$ 2.95 Bn in 2022 at a CAGR of 20.12% during a forecast period.Automotive Variable Geometry Turbocharger Market Overview
A variable turbocharger is designed to have a higher air-fuel ratio and higher peak torque at low engine speeds. The variable turbocharger increases vehicle acceleration and engine pressure differential control, which can be used to control the flow of exhaust gas recirculation (EGR) in a diesel engine. Globally, higher government emission requirements allowed engine makers to use more innovative turbocharger technology. Variable turbo-loading technology is widely used in a variety of automobiles, including off-road, highways, and marine internal combustion engine applications.To know about the Research Methodology :- Request Free Sample Report The report also covers the detailed analysis of the global automotive variable geometry turbocharger industry with the classifications of the market based on fuel type, vehicle type and region. Analysis of past market dynamics from 2022 to 2029 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Automotive Variable Geometry Turbocharger Market Dynamics
The market for Automotive Variable Geometry Turbochargers is expected to grow as the demand for gasoline engine vehicles grows due to their lightweight. Since diesel turbochargers emit hazardous gases, most original equipment manufacturers are focusing on gasoline turbocharger development. Furthermore, the global Automotive Variable Geometry Turbocharger market is expected to be driven by various emission laws and regulations implemented by governments around the world. Similarly, agricultural vehicles, construction equipment, and off-road vehicles all use variable turbochargers. Most construction equipment is equipped with variable turbochargers, which is creating a high demand for construction equipment across the Asia Pacific due to rapid infrastructure growth. This in turn is expected to boost the automotive variable geometry turbocharger market in the Asia Pacific.Automotive Variable Geometry Turbocharger Market Segmentation Analysis
By Fuel Type, the gasoline segment is anticipated to emerge as the fastest-growing segment, registering a CAGR of xx% during the forecast period. Due to the strict emission regulations, turbocharged gasoline direct engines (TGDI) have been widely used in gasoline vehicles. These factors are fueling the global automotive turbocharger market's growth in the gasoline segment. Likewise, OEMs are also moving towards CNG or alternative fuel vehicles, including heavy commercial vehicles, with increasing stringency in pollution regulation. While the use of alternative fuel vehicles is still limited, advantages such as improved fuel efficiency, cleaner energy, and lower costs than conventional fuels are expected to boost demand during the forecast period. This is expected to drive the growth of the global automotive variable geometry turbocharger market. By Vehicle Type, the passenger vehicle segment is anticipated to emerge as the fastest-growing segment, registering a CAGR of XX% during the forecast period. This is largely due to the increased stringency of government legislation leading to carbon emissions around the world. For example, in 2022, the Supreme Court of India issued new Bharat Stage VI (BS-VI) emission standards, effectively prohibiting the selling of vehicles fitted with BS-IV engines. The government's introduction of such regulations has allowed manufacturers to use automotive turbochargers in passenger vehicles and heavy-duty vehicles. These factors are expected to drive growth in the passenger vehicle segment of the global automotive turbocharger market. Asia Pacific holds the largest share of the global automotive variable geometry turbochargers market and is projected to develop at a volume CAGR of xx% during the forecast period. The rapid acceleration of industrialization and urbanization increased automobile sales, and the presence of major manufacturing firms in developing countries such as India, China, and South Korea are expected to drive the Asia Pacific automotive variable geometry turbochargers market. Similarly, the existence of major turbocharger manufacturers such as Honeywell International Inc., which has significant R&D facilities, is expected to fuel the growth of the automotive variable geometry turbochargers market in North America.Automotive Variable Geometry Turbocharger Market Scope: Inquire before buying
Global Automotive Variable Geometry Turbocharger Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 1.06 Bn. Forecast Period 2023 to 2029 CAGR: 20.12% Market Size in 2029: US $ 2.95 Bn. Segments Covered: by Fuel Type • Diesel • Gasoline by Vehicle Type • Passenger vehicles • Light commercial vehicles Automotive Variable Geometry Turbocharger Market by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Automotive Variable Geometry Turbocharger Market Key Players
• Honeywell International Inc • Robert Bosch GmbH • Continental AG • Delphi Technologies • Mahle GmbH • Cummins Inc • Precision Turbo and Engine Inc. • Turbo International • Calsonic Kansei • Ningbo Motor Industrial Co. Ltd • Garrett Motion Inc • BorgWarner • IHI • Mitsubishi Heavy Industries • Noporvis Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Variable Geometry Turbocharger Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Automotive Variable Geometry Turbocharger Market? Ans: The Global Automotive Variable Geometry Turbocharger Market is growing at a CAGR of 20.12% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Variable Geometry Turbocharger Market report? Ans: Global Automotive Variable Geometry Turbocharger Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Variable Geometry Turbocharger Market? Ans: The important key players in the Global Automotive Variable Geometry Turbocharger Market are – Honeywell International Inc, Robert Bosch GmbH, Continental AG, Delphi Technologies, Mahle GmbH, Cummins Inc, Precision Turbo and Engine Inc., Turbo International, Calsonic Kansei, Ningbo Motor Industrial Co. Ltd, Garrett Motion Inc, BorgWarner, IHI, Mitsubishi Heavy Industries, Noporvis 5. What is the study period of this Market? Ans: The Global Automotive Variable Geometry Turbocharger Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Variable Geometry Turbocharger Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Variable Geometry Turbocharger Market 3.4. Geographical Snapshot of the Automotive Variable Geometry Turbocharger Market, By Manufacturer share 4. Global Automotive Variable Geometry Turbocharger Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Variable Geometry Turbocharger Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Variable Geometry Turbocharger Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Variable Geometry Turbocharger Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 7.1.1. Diesel 7.1.2. Gasoline 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Passenger vehicles 7.2.2. Light commercial vehicles 8. Global Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 9.1.1. Diesel 9.1.2. Gasoline 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Passenger vehicles 9.2.2. Light commercial vehicles 10. North America Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Automotive Variable Geometry Turbocharger Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Fuel Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Variable Geometry Turbocharger Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Cummins Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Honeywell International Inc 45.5. Robert Bosch GmbH 45.6. Continental AG 45.7. Delphi Technologies 45.8. Mahle GmbH 45.9. Cummins Inc 45.10. Precision Turbo and Engine Inc. 45.11. Turbo International 45.12. Calsonic Kansei 45.13. Ningbo Motor Industrial Co. Ltd 45.14. Garrett Motion Inc 45.15. BorgWarner 45.16. IHI 45.17. Mitsubishi Heavy Industries 45.18. Noporvis 46. Primary Key Insights