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 US$ 14,141.8 million by 2033, up from US$ 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 | US$ 6,042.9 million |
| Expected Industry Size of Western Europe by 2033 | US$ 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 | US$ 6,042.9 million |
| Projected Industry Size by 2033 | US$ 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 US$ 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
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Actuator
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Actuator, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Actuator, 2023 to 2033
5.3.1. Electric
5.3.2. Hydraulic
5.3.3. Pneumatic
5.4. Y-o-Y Growth Trend Analysis By Actuator, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Actuator, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Fuel Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fuel Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fuel Type, 2023 to 2033
6.3.1. Diesel
6.3.2. Gasoline
6.4. Y-o-Y Growth Trend Analysis By Fuel Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Fuel Type, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
7.3.1. Twin Turbo
7.3.2. VGT
7.3.3. Waste gate
7.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
8.3.1. Aftermarket
8.3.2. OEM
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033
9.3.1. Agricultural Machinery
9.3.2. Construction Machinery
9.3.3. HCV
9.3.4. LCV
9.3.5. Passenger Cars
9.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2018 to 2022
10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2023 to 2033
10.3.1. UK
10.3.2. Germany
10.3.3. Italy
10.3.4. France
10.3.5. Spain
10.3.6. Rest of Western Europe
10.4. Market Attractiveness Analysis By Country
11. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Region
11.2.1.1. England
11.2.1.2. Scotland
11.2.1.3. Wales
11.2.1.4. Northern Ireland
11.2.2. By Actuator
11.2.3. By Fuel Type
11.2.4. By Product Type
11.2.5. By Sales Channel
11.2.6. By Vehicle Type
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Actuator
11.3.3. By Fuel Type
11.3.4. By Product Type
11.3.5. By Sales Channel
11.3.6. By Vehicle Type
11.4. Key Takeaways
12. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Region
12.2.1.1. North-east (Germany)
12.2.1.2. North-west (Germany)
12.2.1.3. Central (Germany)
12.2.1.4. South (Germany)
12.2.1.5. Other(Germany)
12.2.2. By Actuator
12.2.3. By Fuel Type
12.2.4. By Product Type
12.2.5. By Sales Channel
12.2.6. By Vehicle Type
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Actuator
12.3.3. By Fuel Type
12.3.4. By Product Type
12.3.5. By Sales Channel
12.3.6. By Vehicle Type
12.4. Key Takeaways
13. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Region
13.2.1.1. North (Italy)
13.2.1.2. Central (Italy)
13.2.1.3. South (Italy)
13.2.1.4. Islands (Italy)
13.2.2. By Actuator
13.2.3. By Fuel Type
13.2.4. By Product Type
13.2.5. By Sales Channel
13.2.6. By Vehicle Type
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Actuator
13.3.3. By Fuel Type
13.3.4. By Product Type
13.3.5. By Sales Channel
13.3.6. By Vehicle Type
13.4. Key Takeaways
14. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Region
14.2.1.1. Northern (France)
14.2.1.2. Central (France)
14.2.1.3. Southern (France)
14.2.1.4. Eastern (France)
14.2.2. By Actuator
14.2.3. By Fuel Type
14.2.4. By Product Type
14.2.5. By Sales Channel
14.2.6. By Vehicle Type
14.3. Market Attractiveness Analysis
14.3.1. By Region
14.3.2. By Actuator
14.3.3. By Fuel Type
14.3.4. By Product Type
14.3.5. By Sales Channel
14.3.6. By Vehicle Type
14.4. Key Takeaways
15. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Region
15.2.1.1. Basque Country
15.2.1.2. Andalusia
15.2.1.3. Extremadura
15.2.1.4. Catalonia
15.2.1.5. Valencia
15.2.1.6. Rest of Spain
15.2.2. By Actuator
15.2.3. By Fuel Type
15.2.4. By Product Type
15.2.5. By Sales Channel
15.2.6. By Vehicle Type
15.3. Market Attractiveness Analysis
15.3.1. By Region
15.3.2. By Actuator
15.3.3. By Fuel Type
15.3.4. By Product Type
15.3.5. By Sales Channel
15.3.6. By Vehicle Type
15.4. Key Takeaways
16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Actuator
16.2.2. By Fuel Type
16.2.3. By Product Type
16.2.4. By Sales Channel
16.2.5. By Vehicle Type
16.3. Market Attractiveness Analysis
16.3.1. By Actuator
16.3.2. By Fuel Type
16.3.3. By Product Type
16.3.4. By Sales Channel
16.3.5. By Vehicle Type
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Actuator
17.3.3. By Fuel Type
17.3.4. By Product Type
17.3.5. By Sales Channel
17.3.6. By Vehicle Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Garrett
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. BorgWarner
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Cummins Turbo Technologies
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Mitsubishi Heavy Industries
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. BTS Turbo
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. MECATRANS
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Continental AG
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Toyota Industries Corporation
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. BMTS Technology GmbH & Co. KG
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Weifang FuYuan Turbochargers Co., Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Automotive Turbocharger Industry Analysis in Western Europe
