The global market for Turbocompressor was estimated to be worth US$ 13861 million in 2024 and is forecast to a readjusted size of US$ 19344 million by 2031 with a CAGR of 5.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Turbocompressor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global turbocompressor sales will reach 66 million units, with an average selling price of US$210 per unit.Turbocompressor or Turbocharger is a type of forced induction system. Turbocharger uses the exhaust flow from the engine to spin a turbine, which in turn spins an air pump, compressing the air flowing into the engine. Turbocharger lets the engine squeeze more air into a cylinder and more air means more fuel can be added. So the engine can produce more power without increasing the engine emissions. The turbocharger has four main components, the turbine, the compressor, the control system and the bearing system.
Global key players of turbocompressor include Garrett Motion, BorgWarner, MHI, IHI, Cummins, etc. The top five players hold a share about 69%. North America is the largest producer, has a share about 32%, followed by Europe and China, with share 26% and 22%, respectively. The largest market is Europe, with a share about 46%, followed by Asia-Pacific and North America, with share 33% and 15%, separately.
The turbocompressor market is primarily driven by the following factors:
1. Stricter environmental regulations drive demand for technological upgrades
Globally, environmental regulations continue to tighten, forcing engine efficiency improvements.
For example:
EU Euro VII standard: requires new car carbon emissions to be reduced to zero by 2035. Turbochargers can reduce fuel consumption by improving intake efficiency.
China's National VII standard: proposes further limits on particulate matter and nitrogen oxide emissions, making turbocharging technology a key path to compliance for fuel-powered vehicles.
Policy subsidies: Some countries (such as Norway and the Netherlands) offer tax incentives for hybrid vehicles, indirectly driving demand for turbochargers.
2. Technological iteration and innovation expand application scenarios
Turbocharger technology has achieved significant breakthroughs to meet diverse needs:
Variable geometry turbochargers (VGTs): By adjusting the angle of the turbine blades, they optimize the balance between low-speed torque and high-speed power, enhancing the driving experience.
Electric turbochargers: Combined with electric motor drive, they eliminate traditional turbo lag and are suitable for hybrid systems.
Material upgrades: The use of nickel-based alloys and ceramic-based composites improves high-temperature resistance and extends service life.
3. Market Demand Divergence, with Emerging Markets and Hybrid Power Driving Growth
Emerging Market Growth: Car ownership is growing in countries like China and India, and consumers are favoring cost-effective turbocharged models. For example, turbocharger penetration in China has exceeded 50%.
Hybrid Vehicle Popularity: Turbochargers work in tandem with electric motors to optimize engine efficiency and have become standard in hybrid vehicles.
Demand for Performance Vehicles: The pursuit of high-performance in sports sedans and SUVs is driving the adoption of high-end turbochargers (such as twin-scroll designs).
The turbocharger market is driven by environmental regulations, technological innovation, and emerging market demand. Hybrid and high-end performance models will be key growth drivers.
This report aims to provide a comprehensive presentation of the global market for Turbocompressor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Turbocompressor by region & country, by Type, and by Application.
The Turbocompressor market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Turbocompressor.
Market Segmentation
By Company
- Garrett Motion
- BorgWarner
- MHI
- IHI
- Cummins
- BMTS TECHNOLOGY
- Continental
- Turbo Energy
- Kangyue Technology
- Weifu Tianli Turbocharging
- Hunan Tyen Machinery
- Fengcheng Pacific Shenlong Turbocharger
- Weifang Fuyuan Turbochargers
Segment by Type
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Turbocompressor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Turbocompressor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Turbocompressor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Turbocompressor Product Introduction
- 1.2 Global Turbocompressor Market Size Forecast
- 1.2.1 Global Turbocompressor Sales Value (2020-2031)
- 1.2.2 Global Turbocompressor Sales Volume (2020-2031)
- 1.2.3 Global Turbocompressor Sales Price (2020-2031)
- 1.3 Turbocompressor Market Trends & Drivers
- 1.3.1 Turbocompressor Industry Trends
- 1.3.2 Turbocompressor Market Drivers & Opportunity
- 1.3.3 Turbocompressor Market Challenges
- 1.3.4 Turbocompressor Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Turbocompressor Players Revenue Ranking (2024)
- 2.2 Global Turbocompressor Revenue by Company (2020-2025)
- 2.3 Global Turbocompressor Players Sales Volume Ranking (2024)
- 2.4 Global Turbocompressor Sales Volume by Company Players (2020-2025)
- 2.5 Global Turbocompressor Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Turbocompressor Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Turbocompressor Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Turbocompressor
- 2.9 Turbocompressor Market Competitive Analysis
- 2.9.1 Turbocompressor Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Turbocompressor Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Turbocompressor as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 OEM
- 3.1.2 Aftermarket
- 3.2 Global Turbocompressor Sales Value by Type
- 3.2.1 Global Turbocompressor Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Turbocompressor Sales Value, by Type (2020-2031)
- 3.2.3 Global Turbocompressor Sales Value, by Type (%) (2020-2031)
- 3.3 Global Turbocompressor Sales Volume by Type
- 3.3.1 Global Turbocompressor Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Turbocompressor Sales Volume, by Type (2020-2031)
- 3.3.3 Global Turbocompressor Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Turbocompressor Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Automotive
- 4.1.2 Industrial
- 4.2 Global Turbocompressor Sales Value by Application
- 4.2.1 Global Turbocompressor Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Turbocompressor Sales Value, by Application (2020-2031)
- 4.2.3 Global Turbocompressor Sales Value, by Application (%) (2020-2031)
- 4.3 Global Turbocompressor Sales Volume by Application
- 4.3.1 Global Turbocompressor Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Turbocompressor Sales Volume, by Application (2020-2031)
- 4.3.3 Global Turbocompressor Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Turbocompressor Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Turbocompressor Sales Value by Region
- 5.1.1 Global Turbocompressor Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Turbocompressor Sales Value by Region (2020-2025)
- 5.1.3 Global Turbocompressor Sales Value by Region (2026-2031)
- 5.1.4 Global Turbocompressor Sales Value by Region (%), (2020-2031)
- 5.2 Global Turbocompressor Sales Volume by Region
- 5.2.1 Global Turbocompressor Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Turbocompressor Sales Volume by Region (2020-2025)
- 5.2.3 Global Turbocompressor Sales Volume by Region (2026-2031)
- 5.2.4 Global Turbocompressor Sales Volume by Region (%), (2020-2031)
- 5.3 Global Turbocompressor Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Turbocompressor Sales Value, 2020-2031
- 5.4.2 North America Turbocompressor Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Turbocompressor Sales Value, 2020-2031
- 5.5.2 Europe Turbocompressor Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Turbocompressor Sales Value, 2020-2031
- 5.6.2 Asia Pacific Turbocompressor Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Turbocompressor Sales Value, 2020-2031
- 5.7.2 South America Turbocompressor Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Turbocompressor Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Turbocompressor Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Turbocompressor Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Turbocompressor Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Turbocompressor Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Turbocompressor Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Turbocompressor Sales Value, 2020-2031
- 6.3.2 United States Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Turbocompressor Sales Value, 2020-2031
- 6.4.2 Europe Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Turbocompressor Sales Value, 2020-2031
- 6.5.2 China Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Turbocompressor Sales Value, 2020-2031
- 6.6.2 Japan Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Turbocompressor Sales Value, 2020-2031
- 6.7.2 South Korea Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Turbocompressor Sales Value, 2020-2031
- 6.8.2 Southeast Asia Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Turbocompressor Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Turbocompressor Sales Value, 2020-2031
- 6.9.2 India Turbocompressor Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Turbocompressor Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Garrett Motion
- 7.1.1 Garrett Motion Company Information
- 7.1.2 Garrett Motion Introduction and Business Overview
- 7.1.3 Garrett Motion Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Garrett Motion Turbocompressor Product Offerings
- 7.1.5 Garrett Motion Recent Development
- 7.2 BorgWarner
- 7.2.1 BorgWarner Company Information
- 7.2.2 BorgWarner Introduction and Business Overview
- 7.2.3 BorgWarner Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 BorgWarner Turbocompressor Product Offerings
- 7.2.5 BorgWarner Recent Development
- 7.3 MHI
- 7.3.1 MHI Company Information
- 7.3.2 MHI Introduction and Business Overview
- 7.3.3 MHI Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 MHI Turbocompressor Product Offerings
- 7.3.5 MHI Recent Development
- 7.4 IHI
- 7.4.1 IHI Company Information
- 7.4.2 IHI Introduction and Business Overview
- 7.4.3 IHI Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 IHI Turbocompressor Product Offerings
- 7.4.5 IHI Recent Development
- 7.5 Cummins
- 7.5.1 Cummins Company Information
- 7.5.2 Cummins Introduction and Business Overview
- 7.5.3 Cummins Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Cummins Turbocompressor Product Offerings
- 7.5.5 Cummins Recent Development
- 7.6 BMTS TECHNOLOGY
- 7.6.1 BMTS TECHNOLOGY Company Information
- 7.6.2 BMTS TECHNOLOGY Introduction and Business Overview
- 7.6.3 BMTS TECHNOLOGY Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 BMTS TECHNOLOGY Turbocompressor Product Offerings
- 7.6.5 BMTS TECHNOLOGY Recent Development
- 7.7 Continental
- 7.7.1 Continental Company Information
- 7.7.2 Continental Introduction and Business Overview
- 7.7.3 Continental Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Continental Turbocompressor Product Offerings
- 7.7.5 Continental Recent Development
- 7.8 Turbo Energy
- 7.8.1 Turbo Energy Company Information
- 7.8.2 Turbo Energy Introduction and Business Overview
- 7.8.3 Turbo Energy Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Turbo Energy Turbocompressor Product Offerings
- 7.8.5 Turbo Energy Recent Development
- 7.9 Kangyue Technology
- 7.9.1 Kangyue Technology Company Information
- 7.9.2 Kangyue Technology Introduction and Business Overview
- 7.9.3 Kangyue Technology Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Kangyue Technology Turbocompressor Product Offerings
- 7.9.5 Kangyue Technology Recent Development
- 7.10 Weifu Tianli Turbocharging
- 7.10.1 Weifu Tianli Turbocharging Company Information
- 7.10.2 Weifu Tianli Turbocharging Introduction and Business Overview
- 7.10.3 Weifu Tianli Turbocharging Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Weifu Tianli Turbocharging Turbocompressor Product Offerings
- 7.10.5 Weifu Tianli Turbocharging Recent Development
- 7.11 Hunan Tyen Machinery
- 7.11.1 Hunan Tyen Machinery Company Information
- 7.11.2 Hunan Tyen Machinery Introduction and Business Overview
- 7.11.3 Hunan Tyen Machinery Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Hunan Tyen Machinery Turbocompressor Product Offerings
- 7.11.5 Hunan Tyen Machinery Recent Development
- 7.12 Fengcheng Pacific Shenlong Turbocharger
- 7.12.1 Fengcheng Pacific Shenlong Turbocharger Company Information
- 7.12.2 Fengcheng Pacific Shenlong Turbocharger Introduction and Business Overview
- 7.12.3 Fengcheng Pacific Shenlong Turbocharger Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Fengcheng Pacific Shenlong Turbocharger Turbocompressor Product Offerings
- 7.12.5 Fengcheng Pacific Shenlong Turbocharger Recent Development
- 7.13 Weifang Fuyuan Turbochargers
- 7.13.1 Weifang Fuyuan Turbochargers Company Information
- 7.13.2 Weifang Fuyuan Turbochargers Introduction and Business Overview
- 7.13.3 Weifang Fuyuan Turbochargers Turbocompressor Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Weifang Fuyuan Turbochargers Turbocompressor Product Offerings
- 7.13.5 Weifang Fuyuan Turbochargers Recent Development
8 Industry Chain Analysis
- 8.1 Turbocompressor Industrial Chain
- 8.2 Turbocompressor Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Turbocompressor Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Turbocompressor Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer