The global automotive turbocharger market will be driven by the increasing deployment of automotive turbochargers to improve fuel efficiency during the forecast period 2022-2027

Expert Market Research‘s new report titled ‘Global Automotive Turbocharger Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Automotive Turbocharger market, assessing the market based on its segments such as Types fuel, vehicle types, technologies, components and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Get a free sample report with table of contents: https://bit.ly/3QdQBDo

Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): around 11 billion USD
  • Forecast CAGR (2022-2027): 10%
  • Forecast market size (2027): around 20 billion USD

Growing global concerns over environmental degradation resulting from toxins released from vehicle fuel combustion have driven the growth of the automotive turbocharger market. Turbochargers are considered an effective and efficient option for keeping internal combustion (IC) engines cleaner, reducing cylinder displacement volume, and reducing the volume of fuel required, thereby reducing vehicle exhaust emissions. Additionally, stringent regulations imposed by government agencies have prompted automakers to incorporate automotive turbochargers, which is another factor contributing significantly to the growth of the market. As the demand for passenger cars increases, the use of automotive turbochargers is also increasing, which is fueling the expansion of the market. The market is also expected to increase owing to the development of fuel cell car turbochargers to improve power output efficiency and supply clean air to fuel cell batteries.

Industry definition and segmentation

An automotive turbocharger is a turbine driven forced induction device that increases the efficiency of the internal combustion engine.

Read the full report with table of contents: https://bit.ly/3t9ZcgK

On the basis of fuel type, the market can be split into:

Based on vehicle type, the market can be segmented into:

  • Particular Cars
  • Light commercial vehicles
  • Heavy duty vehicles
  • Others

The market, based on technology, can be categorized into:

  • Variable Geometry Turbocharger (VGT)
  • wastegate turbocharger
  • Electric turbocharger
  • Twin turbocharger
  • Two-stage turbocharger
  • Two-stage parallel turbocharger
  • Twin-scroll turbocharger
  • Floating turbocharger
  • Twin axle turbocharger

On the basis of components, the market can be categorized into:

  • Lodging
  • Compressor
  • Turbine

Regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

The growth of the global automotive turbocharger market can be associated with the emergence of electronic turbochargers that deliver more power and better fuel efficiency by eliminating turbo lag and can produce torque at low rpm. Unlike the conventional turbocharger, electric turbochargers present fewer technical challenges, which makes them user-friendly, and also result in less maintenance and cooling oil requirements, thus increasing the overall market growth. Additionally, the ability of turbochargers to improve fuel efficiency amid soaring fuel prices in various countries is further bolstering the growth of the automotive turbocharger market. The considerable success of both types of fuel engines is driving the demand for turbocharged motor vehicles.

Main market players

Major market players include Continental AG, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., BorgWarner Inc., Cummins Inc., and BMTS Technology GmbH & Co. KG, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a large clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.

At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and agriculture.

Media Contact

Company name: Claight Corporation
Contact Person:- Shira Ellis, Business Consultant
Email: [email protected]
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Read more reports:

Welded Spiral Heat Exchangers Market: https://www.digitaljournal.com/pr/global-welded-spiral-heat-exchangers-market-to-be-drive-by-the-increasing-demand-for-the -product- in-food-and-beverage-petrochemical-hvac-and-refrigeration-and-chemical-industries-in-forecast-2

Disposable Thermometers Market: https://www.digitaljournal.com/pr/global-disposable-thermometers-market-to-be-drive-by-increasing-covid-19-cases-and-other-infectious-diseases-in – the-forecast-period-2021-2026-2

Sexual Enhancement Supplements Market: https://www.digitaljournal.com/pr/global-sexual-enhancement-supplements-market-to-be-drive-by-increasing-prevalence-of-erectile-dysfunction-and- changing-lifestyle-in-the-forecast-period-2021-2026-2

Heavy Construction Equipment Market: https://www.digitaljournal.com/pr/global-heavy-construction-equipment-market-to-be-drive-by-the-rating-government-investments-in-construction-in -the -forecast-period-2021-2026-2

Middle East and Africa Dairy Protein Market: https://www.digitaljournal.com/pr/middle-east-and-africa-dairy-protein-market-to-be-drive-by-the-global- dairy-protein-market-at-forecast-period-2021-2026-2

Also check out Procurement Intelligence which provides you with infallible research solutions.

* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

About Clara Barnard

Check Also

The 2023 AMG C63 tests a 4-cylinder engine at the Nürburgring

The 2023 AMG C63 could be the biggest change ever to the model thanks to …