Top Companies in the Turbocharger Market | Vantage Market Research Growth Analysis, Past and Future analysis of Top Players
The Turbocharger Market is witnessing growth due to the severe emission norms and rising acceptance of Turbocharged Gasoline Direct Injection (TGDI) technology.
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Upcoming Trends in Turbocharger Market
The Global Turbocharger Market is valued at USD 16,982.4 Million in 2021 and is projected to reach a value of USD 22888.3 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 5.1% over the forecast period. Turbochargers are mechanical superchargers whose main objectives are to such fresh air into the engine. This gives combustion lots of benefits as more and more air and fuel in the combustion chamber the better the explosion, the more power you have, and more power means a lot of things to the car, first thing is you can go faster, second, it increases torque delivered to the wheels. More power to the engine allows numerous benefits to the car, the power of the engine relative to its size.
An increase in automotive production and a rise in demand to minimize fuel consumption are the prime drivers expected to generate revenue for the turbocharger market. Factors such as an increase in marine tourism, an increase in production of ships due to a rise in trade activities across the seas, and growing demand for marine Turbochargers from naval forces are boosting the growth of the global marine turbocharger market. Owing to the rise in disposable income, there is a significant rise in marine recreational activities. This includes whale watching, diving, and fishing. In addition to this, there is a surge in the demand for water sports.
Some of the key players operating in the turbocharger market are listed below:
|
Company Name |
Revenue in USD |
|
$15 Billion |
|
$45 Billion |
|
$24 Billion |
|
$19 Billion |
|
$34 Billion |
|
$9 Billion |
|
$3 Billion |
|
$5 Million |
|
$20 Million |
|
$6 Million |
BorgWarner Inc. is an American multinational automotive supplier headquartered in Auburn Hills, Michigan. In 2021 it had facilities at 96 sites in 24 countries and employed about 50,000 people. It is one of the 25 largest automotive suppliers in the world. Frédéric Lissalde has been CEO since 2018. The company is listed on the stock market as BWA (NYSE).
Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires, and other parts for the automotive and transportation industries. Continental is structured into six divisions: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and ADAS (Advanced Driver Assistance Systems). It is headquartered in Hanover, Lower Saxony. Continental is the world's fourth-largest tire manufacturer. Continental sells tires for automobiles, motorcycles, and bicycles worldwide under the Continental brand. It also produces and sells other brands with more select distribution such as Viking (limited global presence), General (US/Canada), Gislaved (Canada, Spain, Nordic Markets), Semperit (industrial applications), Euzkadi (Mexico/Latin America) and Barum to serve EU & Russia. Other brands are Uniroyal Europe, Sime Tyres, Sportiva, Mabor, Matador, AmeriSteel, Novum, Simex, Astrum Blue, and TecnoTread. Continental's customers include all major automobile, truck, and bus producers, such as Volkswagen, Daimler AG, BharatBenz, Ford, Volvo, Iveco, Schmitz, Koegel, Freightliner Trucks, BMW, General Motors, Toyota, Honda, Renault, PSA, and Porsche. The company is listed in the stock exchange market as CON (ETR). The company has 2,32,023 currently working and generated USD 377.2 billion in 2020.
Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes engines, filtration, and power generation products. The company was formed in 1919 and headquartered in Columbus, Indiana, United States.
Eaton Corporation PLC is a multinational power management company with 2020 sales of $17.86 billion, founded in the United States with global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, Ohio.
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.
IHI Corporation, formerly known as Ishikawajima-Harima Heavy Industries Co., Ltd., is a Japanese engineering corporation headquartered in Tokyo. The company is listed on the stock market as 7013 (TYO).
Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment, and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors.
Founded in 1987, Precision Turbo and Engine is one of the world's foremost manufacturers of high-performance, aftermarket Turbochargers. The company’s manufacturing facility, conveniently located in Northwest Indiana, has been a worldwide supplier of high-performance Turbochargers that have set the standard for uncompromised quality and unsurpassed performance since the late 1990s. Over the years, the company has designed, tested, and manufactured record-setting and championship-winning Turbochargers for all racing organizations, as well as Original Equipment Manufacturers such as General Motors.
Rotomaster is a turbocharger manufacturing company based in Vancouver, Canada. Rotomaster began operations in 1978 as an alternative supply for Turbochargers to original equipment manufacturers. In 2002, Rotomaster was reborn with new tooling to accompany its already existing range. Since then, Rotomaster has rapidly developed to provide a quality-driven supply of complete Turbochargers, cartridges, service kits, and components. Rotomaster is ISO certified to meet the demand for high-quality manufacturing required for its market segment and has developed with such standards to be recognized in the industry as a ‘top tier company. Rotomaster offers a wide range of products for Off-Highway, Industrial, Commercial Transport, Marine, Light Truck, and Passenger Car diesel/gas applications worldwide.
The company is a privately held organization founded in 1991. The company manufacturers Turbochargers, automotive performance, engine performance, marine, industrial, commercial, fleet services, tuning, engine mapping, turbo repairs, and car racing parts.
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