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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| 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:
| 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:
| 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:
| 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:
| 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:
Principal Consultant
| 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.
| 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:
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
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| 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 |
| Key Companies Profiled | BorgWarner; Garrett Motion; Honeywell Turbo Technologies; IHI Corporation; Mitsubishi Turbocharger Corporation; Valeo; Continental; Hitachi Automotive Systems; Denso; Bosch; Pierburg; Mitsubishi Heavy Industries |
The anticipated CAGR for automotive turbocharger in Western Europe through 2033 is 8.9%.
Demand for automotive turbocharger in Western Europe is expected to reach USD 14,141.8 million by 2033.
Investment in strategic partnerships is the go-to strategy of manufacturers.
Construction machinery prominently employs automotive turbocharger in Western Europe.
VGT takes a considerable share of the automotive turbocharger industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Actuator 5.1. Electric 5.2. Hydraulic 5.3. Pneumatic 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Fuel Type 6.1. Diesel 6.2. Gasoline 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Twin Turbo 7.2. VGT 7.3. Waste gate 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Aftermarket 8.2. OEM 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 9.1. Agricultural Machinery 9.2. Construction Machinery 9.3. HCV 9.4. LCV 9.5. Passenger Cars 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. UK 10.2. Germany 10.3. Italy 10.4. France 10.5. Spain 10.6. Rest of Western Europe 11. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 14. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 15. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. Garrett 18.2. BorgWarner 18.3. Cummins Turbo Technologies 18.4. Mitsubishi Heavy Industries 18.5. BTS Turbo 18.6. MECATRANS 18.7. Continental AG 18.8. Toyota Industries Corporation 18.9. BMTS Technology GmbH & Co. KG 18.10. Weifang FuYuan Turbochargers Co., Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Automotive Turbocharger Industry Analysis in Western Europe
