Industrial Turbocharger Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44855

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The industrial turbocharger market value is projected to grow by USD 1.22 bn at a CAGR of 4% during 2021-2025.

This industrial turbocharger market analysis report entails exhaustive statistical qualitative and quantitative data on End-user (Mining and construction equipment, Agriculture equipment, Oil and gas industry, Power industry, and Marine industry) and Geography (APAC, North America, Europe, MEA, and South America) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Industrial Turbocharger Market Size be in 2021?

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Industrial Turbocharger Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the stringent emission regulations are notably supporting the industrial turbocharger market growth. However, one of the foremost factors impeding market growth is . Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This industrial turbocharger market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Industrial Turbocharger Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.
  • BorgWarner Inc.
  • Caterpillar Inc.
  • Cummins Inc.
  • Honeywell International Inc.
  • Komatsu Ltd.
  • Kompressorenbau Bannewitz GmbH
  • Mitsubishi Heavy Industries Ltd.
  • Toyota Industries Corp.
  • Wabtec Corp.

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The industrial turbocharger market analysis report also contains exhaustive observation on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the industrial turbocharger market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Industrial Turbocharger Market?

Industrial Turbocharger Market Share by Geography

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China, US, Japan, UK, and Germany are the key markets for industrial turbocharger market in APAC. Learn about the key, emerging, and untapped markets from our industrial turbocharger market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 53% of the market’s growth will originate from APAC during the forecast period.

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is drivers.2.lower. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Industrial Turbocharger Market?

Industrial Turbocharger Market Share by End-user

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The industrial turbocharger market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The industrial turbocharger market share growth by the __ segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial turbocharger market size.

Industrial Turbocharger Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

USD 1.22 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., and Wabtec Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Industrial Turbocharger Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial turbocharger market growth during the next five years
  • Precise estimation of the industrial turbocharger market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial turbocharger market across APAC, North America, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial turbocharger market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial turbocharger market growth will increase by $841.56 million during 2019-2024.
The industrial turbocharger market is expected to grow at a CAGR of 2.50% during 2019-2024.
Technavio has segmented the industrial turbocharger market by end user (Mining and construction equipment, Agriculture equipment, Oil and gas industry, Power industry, and Marine industry) and geographic (APAC, North America, Europe, MEA, and South America).
ABB Ltd., BorgWarner Inc., Caterpillar Inc., Cummins Inc., Honeywell International Inc., Komatsu Ltd., Kompressorenbau Bannewitz GmbH, Mitsubishi Heavy Industries Ltd., Toyota Industries Corp., Westinghouse Air Brake Technologies Corp. are a few of the key vendors in the industrial turbocharger market.
APAC will register the highest growth rate of 55.51% among the other regions. Therefore, the industrial turbocharger market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial turbocharger market growth are:
  • Stringent emission regulations
  • Increase in adoption of additive manufacturing
The industrial turbocharger market vendors should focus on grabbing business opportunities from the mining and construction equipment segment as it accounted for the largest market share in the base year.
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