Automotive Turbocharger Market Size

Automotive Turbocharger Market size was over USD 15.17 billion in 2024 and is poised to exceed USD 36.12 billion by the end of 2037, growing at over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive turbocharger is estimated at USD 16.01 billion.

The market for automotive turbochargers has grown significantly in recent years, mostly because people are choosing higher-performance cars and there are lower emission regulations. In addition to giving the car more power, turbochargers are also referred to as "free power" sources because they run without using the engine. The total number of passenger vehicles sold rose from 30,69,523 to 38,90,114. In comparison to the prior year, sales of passenger cars grew from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units in FY-2022-2023.

In addition to these, today's newest cars are increasingly more likely to have turbochargers, mostly due to increased government fuel economy regulations. Since their introduction a century ago, turbochargers have seen substantial technological and scientific development. Rather than depending on exhaust gases to spin the compressor wheel, they employ an electric motor. In addition to reducing turbo lag and offering an instant boost at low engine speeds, electric turbochargers can enhance engine response.