Automotive Turbocharger Industry Analysis in Western Europe
Demand Forecast for Automotive Turbocharger in Western Europe, by VGT and Twin Turbo Type, 2023 to 2033
Significant Momentum of EV Businesses to Augment Prospects for the Sale of Automotive Turbocharger in Western Europe
Analytical Study of Automotive Turbocharger in Western Europe from 2023 to 2033
The adoption of Automotive Turbocharger in Western Europe is estimated to display a promising CAGR of 8.9% through 2033. The sales of automotive turbocharger in Western Europe are expected to reach a valuation of USD 14,141.8 million by 2033, up from USD 6,042.9 million in 2023.
The significant adoption of automotive turbocharger in Western Europe can be attributed to the strict fuel-efficiency norms and emission regulations enforced by governments in the region. The increasing demand for engine downsizing to minimize the overall weight is expected to propel the requirement for turbochargers throughout the region. Leading players in the automotive sector are providing integrated and innovative products to boost their acceptability.
According to the analysis, Germany is set to attract stakeholders as opportunities for electric and hybrid vehicle development are relatively higher in the country. The increasing presence of leading participants and rising research and development efforts are expected to foster the growth of the automotive turbocharger industry in Germany.
Attributes
Details
Industry Size of Western Europe countries in 2023
USD 6,042.9 million
Expected Industry Size of Western Europe by 2033
USD 14,141.8 million
Forecast CAGR between 2023 to 2033
8.9%
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Top Trends Driving the Adoption of Automotive Turbocharger in Western Europe
The surging adoption of sensor technology for predictive maintenance and real-time monitoring of turbochargers is a running trend in Western Europe.
An increasing number of key players are integrating vehicle connectivity systems with turbocharger data for elevated performance management.
The emergence of new growth prospects comes as the trend of downsized engines with turbochargers continues to maintain performance and boost fuel efficiency in vehicles.
The rising utilization of digital twin technology for optimization and simulation of turbocharger performance is likely to augment sales of automotive turbocharger in Western Europe.
Country-wise Insights
Stringent Regulations for Vehicle Emission to Augment Sales of Automotive Turbocharger in Germany
Country
Forecast CAGR % (2023 to 2033)
Germany
9.5%
Germany is a significant contributor to the regional sales of automotive turbocharger. Following factors highlight the key points driving the automotive turbocharger industry in Germany:
The execution of strict emission regulations, especially in alignment with European Union (EU) standards, is stimulating the use of turbocharger. These systems assist automakers in meeting these standards by lowering emissions and enhancing engine efficiency. Demand for turbochargers is predicted to increase as adherence to emission standards becomes progressively more crucial.
Germany is known for its robust automotive sector, home to automakers like BMW, Volkswagen, and Mercedes-Benz. Leading automakers are embracing turbocharger technology to elevate engine performance and enhance fuel efficiency. As the Germany automotive sector continues to evolve, the demand for turbochargers is set to scale up during the forecast period.
Growth of Logistics Sector to Boost Adoption Rate of Automotive Turbocharger in France
Country
Forecast CAGR % (2023 to 2033)
France
9.1%
The automotive turbocharger industry in France is expected to witness a healthy growth pace over the forecast period. Mentioned below are the leading factors catalyzing sales of automotive turbocharger in this country:
The steady expansion of the commercial vehicle sector in France is providing solid momentum to the sales of automotive turbocharger in the country. Turbochargers enable improved power efficiency and output.
The scope of turbochargers is expected to increase with the rise in the use of commercial vehicles. The demand is set to specifically surge in the transportation and logistics sectors.
Spurring sales of vehicles is predicted to boost the utilization of automotive turbocharger for enhanced fuel efficiency and engine performance.
Increasing Growth Prospects for International and Domestic Manufacturers in Spain
Country
Forecast CAGR % (2023 to 2033)
Spain
8.6%
The adoption rate of automotive turbocharger in Spain is predicted to be 8.6% CAGR throughout the forecast period. Following factors are strengthening the sales of turbochargers in the country:
Surging purchases of low-emission vehicles, such as electric and hybrid vehicles, which employ turbochargers to enhance fuel efficiency and reduce emissions.
The accelerating popularity of turbocharged vehicles, including commercial vehicles, passenger cars, and buses in the country.
The expansion of production facilities by leading turbocharger manufacturers in Spain to meet the growing demand for automotive turbocharger.
Upsurge in the Demand for Performance Cars Propelling the Sales of Automotive Turbocharger in the United Kingdom
Country
Forecast CAGR % (2023 to 2033)
The United Kingdom
8.8%
The automotive turbocharger sales in the United Kingdom are projected to increase on the back of following factors:
The increasing utilization of turbochargers to comply with stringent emission regulations, as they help reduce emissions and enhance combustion efficiency.
The growing demand for performance-oriented vehicles is driving the sales of automotive turbocharger, as they assist in increasing the horsepower and torque of gasoline engines. Hence, this meets the demands of performance enthusiasts.
Automotive Turbocharger is Set to Contribute to Innovative Breakthroughs in Italy
Country
Forecast CAGR % (2023 to 2033)
Italy
8.9%
Italy is projected to witness a CAGR of 8.9% in the sales of automotive turbocharger through 2033. Several factors contribute to the increasing purchases of automotive turbocharger in Italy:
The increasing preference for vehicles with improved fuel efficiency, owing to fluctuating gas prices, is augmenting sales of turbochargers. Turbochargers assist in boosting fuel efficiency without sacrificing the output.
Turbocharger providers are expected to assist automakers in distinguishing their vehicles by combining efficiency, power, and performance.
Healthy competition in Italy is projected to bring innovation to the product offerings of key players.
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Category-wise Insights
VGT Precision Turbo and Engines to Have a High Share in Western Europe
Product
Value Share % (2023)
VGT
66.7%
As per the latest study by our analysts, the variable geometry turbocharger (VGT) segment is projected to account for a value share of 66.7% in 2023. This high demand for VGT can be attributed to its ability to enhance performance, boost fuel efficiency, upgrade technological features, and broaden its application range. Such attributes of VGT are contributing to its increasing popularity.
Construction Machinery Takes up Half of the Regional Industry’s Share
Vehicles
Value Share % (2023)
Construction Machinery
50.7%
The construction machinery segment is projected to acquire a value share of 50.7% in 2023. Construction machinery employs automotive turbocharger due to their lightweight and compact structure size, making them easy to install in limited spaces. Other factors propelling the utilization of automotive turbocharger in construction machinery include:
Turbochargers can scale up an engine’s power and torque by up to 50%, making them essential for construction machinery that is required to lift heavy loads and operate in demanding conditions.
The extended operating time of construction machinery along with the increasing demand to lower fuel costs are pushing the use of turbochargers, which improve fuel efficiency by up to 20%.
Strategic Plan of Leading Players in the Western Europe Automotive Turbocharger Industry
Key suppliers of automotive turbocharger in Western Europe are focusing on widening their product offerings to cater to the dynamic demands of various automotive segments. This is expected to consist of turbochargers for an extensive range of engine configurations and sizes.
Companies are further creating turbochargers for alternative fuel vehicles like hydrogen-powered and electric cars. Additionally, firms in Western Europe are investing in strategic collaborations and partnerships with other firms in the automotive sector. These include technology companies, suppliers, and vehicle manufacturers.
By doing so, firms intend to leverage their resources and expertise to create innovative products. Manufacturers of automotive turbocharger in Western Europe are also concentrating on acquisition and new product launches to widen their footprint.
Key Developments Occurring in Automotive Turbocharger in Western Europe
In October 2020, Continental AG announced its collaboration with Citigroup Inc. to explore the potential sale of its turbocharger business.
In December 2022, BorgWarner revealed its intention to intensify its focus on electric drive systems and latest combustion technologies, with aftermarket and fuel systems becoming a distinct listed company. The main products of the company include turbochargers, electric drive modules, high-voltage heaters, electric motors, and inverters.
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Key Players Providing Automotive Turbocharger in Western Europe
BorgWarner
Garrett Motion
Honeywell Turbo Technologies
IHI Corporation
Mitsubishi Turbocharger Corporation
Valeo
Continental
Hitachi Automotive Systems
Denso
Bosch
Pierburg
Mitsubishi Heavy Industries
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
USD 6,042.9 million
Projected Industry Size by 2033
USD 14,141.8 million
Anticipated CAGR between 2023 to 2033
8.9% CAGR
Historical Analysis of Demand for Automotive Turbocharger in Western Europe
2018 to 2022
Demand Forecast for Automotive Turbocharger in Western Europe
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of Key Factors Influencing Automotive Turbocharger Adoption in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers
Key Countries Analyzed
Germany, Italy, France, United Kingdom, Spain, The Netherlands, BENELUX, Rest of Europe
