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According to cicC enterprise credit statistics, the global turbocharger market sales of about 44 million units, estimated total market size of about $10 billion. The market penetration rate for turbocharger vehicles is expected to grow from approximately 51% in 2019 to approximately 55% in 2025, with configuration demand continuing to rise.
The market size of turbocharger directly depends on the output of internal combustion engine and the allocation rate of turbocharger in internal combustion engine. According to the different application fields of internal combustion engine, the downstream market of internal combustion engine can be divided into automobile engineering machinery, agricultural machinery, ships and generators. At present, the automotive market is the main application market of internal combustion engine and the main downstream market of turbocharger due to its largest production and sales scale. Take the Chinese market as an example. In 2021, the proportion of internal combustion engines for automobiles in China was 81.56% of the whole internal combustion engine market.