Growing automotive production and sales and the need to improve performance and safety at higher altitudes are expected to drive the demand for the Turkey automotive turbocharger market in the forecast period, 2023-2027.
According to TechSci Research report, “Turkey Automotive Turbocharger Market By Region, Competition Forecast & Opportunities, 2027”, the Turkey automotive turbocharger market is expected to witness significant growth in the forecast period, 2023-2027. The market is driven by the rise in the number of vehicle sales and manufacturing and increased urbanization and industrialization and changing standards of living. Increasing concerns regarding greenhouse emissions and deteriorating air quality have made automobile manufacturers focus on technological advancements to control the emission. The rise in applications of automotive turbochargers in light-weight vehicles, off-road machinery, and passenger cars due to automotive turbochargers’ ability to improve fuel-efficiency engine performance is expected to boost Turkey’s automotive turbocharger market growth in the coming years.
However, the high maintenance costs and growing popularity of electric vehicles may restrain the Turkey automotive turbocharger market growth over the forecast period.
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Turkey automotive turbocharger market is segmented into vehicle type, engine type, technology type, operation type, regional distribution, and competitive landscape.
Based on vehicle type, the market is divided into passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV). Passenger car is expected to hold the largest market share in the forecast period, 2023-2027. Several market players have invested and commercialized the fuel cell vehicle turbochargers as it increases the power generation efficiency by delivering clean air to fuel cell batteries. The adoption of advanced technologies by the passenger car manufacturers are expected to bolster the market demand in the coming years.
Based on engine type, the market is bifurcated into gasoline and diesel. Gasoline engines are expected to capture the highest market share in the forecast period. They are witnessing high demand as they are highly fuel-efficient. Also, the stringent emission norms implemented by the leading authorities is accelerating the demand for gasoline powered turbocharger.
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Based on technology type, the market is divided into wastegate, VGT/VNT, and electric turbocharger. VGT/VNT is dominating the market and is expected to maintain its dominance through the next five years. It is majorly used in diesel-powered vehicles. VGT/VNT technology has high performance, and the growing popularity of downsized vehicles are expected to boost the segment demand.
Based on operation type, the market is divided into conventional turbocharger and e-turbocharger. E-turbocharger is expected to account for significant market share in the forecast period as they offer more power and better fuel efficiency due to the elimination of turbo lag. E-turbocharger are a combination of motor-driven compressor and high-powered compressor which can function as soon as the driver presses on the pedal. E-turbos are fuel-efficient and offer better output.
Major market players operating in the Turkey automotive turbocharger market are:
- Garrett Motion Inc.
- ABB Turkey
- Garret Motion Inc.
- BorgWarner Inc.
- IHI Corporation
- Mitsubishi Heavy Industries Ltd.
- Bosch Mahle Turbosystems GmbH
- Cummins Turbo Technologies, Inc.
- Magnum Performance Turbos Inc.
- Continental AG
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“Turkey is strong production and engineering center for the global automotive industry. According to government data, 1.3 million vehicles will be produced in Turkey in 2021, and it ranks 13 in global automotive production and 4 in Europe automotive production. There are 159 suppliers in research and development and design centers in Turkey, which are accredited by the Ministry of Industry and Technology. The government actively supports the automotive industry and supports the integration of new technology in automobiles. The growing demand to produce fuel-efficient vehicles to comply with the European Union standards and increase the number of export vehicles to other countries is expected to propel the Turkey automotive turbocharger market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Turkey Automotive Turbocharger Market By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Engine Type (Gasoline, Diesel), By Technology Type (Wastegate, VGT/VNT, Electric Turbocharger), By Operation Type (Conventional Turbocharger, e-Turbocharger), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Turkey automotive turbocharger market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey automotive turbocharger market.
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