Global Marine Turbocharges Market Size & Outlook
The marine turbocharges industry worldwide is expected to reach a projected revenue of US$ 1,187.3 million by 2030. A compound annual growth rate of 5.3% is expected of the worldwide marine turbocharges industry from 2024 to 2030.
Revenue, 2023 (US$M)
$829.5
Forecast, 2030 (US$M)
$1,187.3
CAGR, 2024 - 2030
5.3%
Report Coverage
Worldwide
Global marine turbocharges market, 2018-2030 (US$M)
Global marine turbocharges market highlights
- The global marine turbocharges market generated a revenue of USD 829.5 million in 2023 and is expected to reach USD 1,187.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, axial turbocharger accounted for a revenue of USD 829.5 million in 2023.
- Axial Turbocharger is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 829.5 million |
| Market revenue in 2030 | USD 1,187.3 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Axial turbocharger |
| Fastest growing segment | Axial Turbocharger |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Axial Turbocharger |
Other key industry trends
- In terms of revenue, the North America accounted for 33.3% of the global marine turbocharges market in 2023.
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Marine Turbocharges Market Scope
Marine turbocharges market segmentation & scope
Technology
Single Turbocharger
Twin Turbocharger
Variable Geometry Turbocharger (VGT)
Electric Assisted Turbocharger
Application
Military
Cargo Ships
Cruise Ships
Tankers
Others
Countries
Argentina
Brazil
Denmark
Germany
France
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Marine Turbocharges Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global marine turbocharges market size, by regions, 2018-2030 (US$M)
Related regional statistics
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