Automotive Turbochargers Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

The Automotive Turbochargers Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Turbochargers market growth.

The Global Automotive Turbochargers Market Size is Projected to Reach at a CAGR of 7% during 2022-2027.

Market Overview

COVID-19 affected the industry by forcing the manufacturers to shut down assembly lines and pushing the economy down. With almost zero vehicular movements, there were no new requirements for turbochargers to be installed into new vehicles and spare turbochargers for replacements in already present vehicles. However, with the increasing demand for performance and luxury cars, the market is looking to get back up into a stable economic condition with good sales projections to meet the potentially high demand. Many car manufacturers consider turbochargers a viable option to keep internal combustion (IC) engines cleaner, thus increasing the share of turbocharged vehicles every year. At the current pace, about half of the cars rolling out of production are expected to be turbocharged by 2022, thereby influencing automakers and tier-1 suppliers to introduce more technologically advanced products.

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Top Leading Companies:

Honeywell, BorgWarner, IHI, MHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Weifang Fuyuan

Recent Development:

Honeywell produces and sells turbochargers under various subsidiaries, such as Honeywell Korea, Honeywell Automotive Part Service Shanghai Co. Ltd, Honeywell Garrett, Honeywell International Inc., Honeywell Technologies SRL, and Honeywell Turbo SRO.

In 2020, BorgWarner acquired Delphi Technologies aiming to be a market leader in automotive systems manufacturing. BorgWarner believes that Delphi brings in world-class electronics technology and a talent pool helpful enough to achieve certain global targets for BorgWarner and make profits.

In November 2020, Continental announced extension of its line of turbochargers for the aftermarket for BMW, MINI and VW group. These models use Continental's sophisticated RAAX turbine technology, which improves engine response and reduces emissions by increasing efficiency.

In November 2020, Cummins introduced new compressor stage to Series 800 Holset turbocharger. The Series 800 Turbocharger takes a leap forward and has been revitalized to deliver significant improvements in performance, flow range, temperature capability and seal robustness.

In September 2020, BorgWarner has announced the supply of its state-of-the-art variable turbine geometry (VTG) turbocharger to a global OEM for numerous vehicle models. The VTG turbocharger offers benefits for modern hybrid and combustion engines such as improved power output, reduced emissions, and higher temperature capabilities.

Automotive Turbochargers Market Segmentation by Type:

Mono Turbo
Twin Turbo

Automotive Turbochargers Market Segmentation by Application:

Sedan
SUV & Pickup
Others

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Europe Accounts for the Largest Market Share

The modern car industry is governed by fuel economy and efficiency, which, in turn, is driven by the EU legislation on the fuel economy and emissions targets. The Kyoto Protocol required the world to pull its 1990-level emissions back to 8% by 2012, which led to the start of the Euro I vehicle emissions standards of 1993. It covered mostly nitrous oxide and particulate emissions, which increased diesel-engine vehicle sales. However, to reach EU targets on NOx, diesel-engine vehicles shifted to turbocharging. This, in turn, resulted in improving the efficiency of the vehicles and reducing the price of turbochargers.

Regional Automotive Turbochargers Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Turbochargers Market Report:

Detailed overview of Automotive Turbochargers Market
Changing the Automotive Turbochargers market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Turbochargers market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Turbochargers Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

Finally, the Automotive Turbochargers Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Turbochargers industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

The following are some of the reasons why you should obtain the following report:

Companies in the Automotive Turbochargers industry may find current market trends, application solutions, and market landscapes useful.
Identify the current state of the market and the key industries.
It covers all of the necessary details about the market’s major producers, customers, and distributors.

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