Global Car Diesel Engine Turbocharger Market Emerging Trend, Top Companies, Industry Demand and Regional Analysis by 2028

The global car diesel engine turbocharger market is anticipated to grow at a considerable CAGR of 2.8% during the forecast period (2022-2028). The turbocharger also known as "Turbo" is a turbine-driven component of the engine that provides an enhancement in internal combustion by increasing the supply of air in the engine. The major factor attributing to the growth of the global car diesel engine turbocharger market includes the increase in motor vehicle production and sales across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles including commercial cars were manufactured and around 57 million passenger cars were produced in 2021. Thus, increasing the application of turbochargers in cars with diesel engines.

The application of turbochargers is also increasing in cars with diesel engines due to several benefits offered by turbochargers. These benefits include a significant increase in horsepower, allowing small engines to deliver more power, enhancement in fuel economy, and increased efficiency of engines, among others. Furthermore, several governmental norms regarding emission control are increasing the adoption of turbochargers. For instance, according to China's 13th five-year plan for economic & social development, the automotive manufacturer is required to state the pollutant emitted by the vehicle and must not exceed the emission standards. Thus, propelling the growth of the global car diesel engine turbocharger market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2020, Continental AG expanded its product portfolio of turbochargers for the aftermarket supply channel. Continental AG introduced turbochargers that are suitable to fit in various premium brands, including Mini, BMW, Volkswagen Group, and others.

(Get 15% Discount on Buying this Report)

Get Sample Copy of Global Car Diesel Engine Turbocharger Market at:
https://orionmarketreports.com/request-sample/?id=110315&submit=Request+Sample%0D%0A

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Material
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Honeywell Imternational Inc., BrogWarner Inc., Continental AG, Robert Bosch GmbH, and Cummins Inc., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Car Diesel Engine Turbocharger Market is available at:
https://orionmarketreports.com/global-car-diesel-engine-turbocharger-market/110315/

Global Car Diesel Engine Turbocharger Market Report by Segment

By Material
• Cast Iron
• Aluminium

By Application
• Hatchbacks
• SUVs
• Sedans
• MPVs
• Others

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.