Automotive Turbocharger Market Size to grow at 8% CAGR | Share Survey Analysis 2023 to 2027

Automotive Turbocharger Market provides detailed understanding of the market segments which have been formed by combining different prospects such as the vehicle type, fuel type, technology type, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

By pumping more air into the cylinders, turbochargers are devices that improve an engine's power or performance. There are two types of turbochargers: mechanical and exhaust gas. An internal combustion engine's efficiency and power output are increased by an automotive turbocharger, a turbine-driven forced induction device, by forcing more air into the combustion chamber. The ability of automobile turbochargers to increase engine power while preserving or improving fuel efficiency makes them crucial.

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Exhaust gas turbocharging is a method of generating power by using the exhaust gases from an engine. In this process, a turbine is attached to the exhaust system of an automobile and it helps in increasing the power output of engines. The concept was first implemented in aircraft engines and has since been used in automobiles as well.

The last-mile delivery and constantly evolving mobility services are two major factors influencing the market for vehicle turbochargers. Due to the sector's maturing and the swift transition to hybrid vehicles in response to stringent regulations, it is anticipated that the current conventional turbocharger market would grow modestly. However, the top manufacturers are working on better turbos for fuel cells and electric vehicles, creating a huge prospective market that can be served during the projected period.

Global Automotive Turbocharger Market: Segmentations

Global Automotive Turbocharger Market: By Key Players
Honeywell International
BorgWarner
IHI
Cummins
Mitsubishi Heavy Industries
Banks Power
Magnum Performance Turbos
Precision Turbo and Engine
TEL
Turbo Engineering
Turbonetics

Global Automotive Turbocharger Market: By Types
Mechanical Turbocharging
Exhaust Gas Turbocharging

Global Automotive Turbocharger Market: By Applications
Passenger Car
Commercial Vehicle

Global Automotive Turbocharger Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Turbocharger market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Frequently Asked Questions (FAQs)

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Reasons to Purchase the Automotive Turbocharger Market Report:

1. The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
2. Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
3. Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
4. The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
5. Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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