Press release
Automotive Turbochargers Global Market Report 2024 - By Growth, Demand, Size, Share, Forecast To 2033
Automotive Turbochargers Market
The automotive turbochargers market size is expected to see strong growth in the next few years. It will grow to $21.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing demand for electric turbochargers, increasing demand for fuel-efficient vehicles, rising demand for high-performance vehicles, growing demand for commercial vehicles, increasing demand for hybrid vehicles. Major trends in the forecast period include integration of lightweight materials, development of twin-scroll turbochargers, application of 48v electric turbocharging systems, adoption of e-boosting technology.
Market Overview -
The automotive turbocharger refers to a turbine-driven, forced induction device that increases an internal combustion engine's power output, which is done by forcing extra compressed air into the combustion chamber. Automotive turbochargers are used to improve an engine's efficiency by increasing the density of the intake gas, thereby allowing more power per engine cycle.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5880&type=smp
Surging Passenger Car Demand Fuels Automotive Turbocharger Market
The increasing demand for passenger cars is driving the growth of the automotive turbocharger market. Turbocharged engines generally have greater power density and high fuel efficiency, while allowing more horsepower and torque. The increase in purchasing power and low-interest rates in developing economies, along with consumer preference towards personal mobility, is expected to drive the demand for passenger cars, thus increasing demand for automotive turbochargers. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5%, reaching 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1%.
Competitive Landscape -
Major companies operating in the automotive turbochargers market report are Honeywell International Inc., Borg-Warner Automotive Inc., Mitsubishi Heavy Industries Ltd., IHI Corporation, Continental AG, Bosch Mahle GmbH, Cummins Inc., Delphi Technologies, Precision Turbo & Engine Inc., Turbonetics Inc., Turbo International Inc., ABB Asea Brown Boveri Ltd., Turbo Energy Private Limited, Rotomaster International Inc., Fuyuan Turbocharger Co. Ltd., Hunan Tyen Machinery Co. Ltd., Magnum Performance Turbos Inc., Mahle GmbH, Eaton Corporation, Napier Turbochargers Ltd., OptiCat LLC, Keyuan Industry Trading Co. Ltd., Kelin Motor Vehicle Air Conditioning Co. Ltd., Cimos D. D. Avtomobilska Industrija, Robust Power Inc., Turbotech Pvt. Ltd., Aeristech Ltd., Melet Turbo, Aerocharger Ballistics, Turbosmart Pty Ltd.
Advancements In Electric Turbochargers For Enhanced Automotive Performance And Efficiency
Companies in the automotive turbocharger market are focusing on the development of electric turbochargers for applications in both light and commercial vehicles, in all fuels such as gasoline, diesel, and natural gas (CNG). Electrically assisted turbochargers can be used not just to drive the turbocharger shaft but also to break the vehicle. For instance, in 2021, Switzerland-based turbocharger company, Garrett Motion, was developing electric turbochargers (e-turbos) to eliminate turbo lag while adding additional performance benefits. The turbocharger provides larger power and efficiency gains, remains cooler, and enhances engine responsiveness while aiding in a nearly 20% reduction in NOx emissions.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/automotive-turbochargers-global-market-report
Key Segments -
The automotive turbochargers market covered in this report is segmented -
1) By Vehicle Type: PCV, LCV, HCV
2) By Technology: VGT/VNT, Wastegate, Twin-Turbo
3) By Sales Channel: OEM, Aftermarket
4) By Fuel Type: Gasoline, Diesel
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Turbochargers Global Market Report 2024 - By Growth, Demand, Size, Share, Forecast To 2033 here
News-ID: 3486550 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Turbo
Hydrox5 Turbo Jet Reviews: Is Hydro X5 Turbo Jet Power Washer Worth Buying?
Hydrox5 Turbo Jet Reviews: Is Hydro X5 Turbo Jet Power Washer Worth Buying?
Cleaning outdoor surfaces can often feel like a never-ending battle. Patios gather stubborn moss, driveways become stained with oil and mud, fences lose their fresh look over time, and even cars seem to collect dirt the moment you finish washing them. For most homeowners, the typical garden hose simply doesn't provide the power needed to blast away…
Turbo Actuator Market to Eyewitness Huge Growth by 2029| AET Turbos, Turbo Rebui …
Advance Market Analytics published a new research publication on "Turbo Actuator Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Turbo Actuator market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Turbo Centrifuge Market Size 2022 Global Industry Trends, Analysis, Forecast To …
"
LOS ANGELES, United States: QY Research offers an encyclopedic study of the global Turbo Centrifuge market with holistic insights into vital factors and aspects that impact future market growth. The global Turbo Centrifuge market has been analyzed for the forecast period 2022-2028 and historical period 2017-2021. In order to help players to gain comprehensive understanding of the global Turbo Centrifuge market and its critical dynamics, the research study provides detailed…
Automotive Turbocharger Market 2019: Top Key Players are Bosch Mahle Turbo Syste …
A comprehensive research study on Automotive Turbocharger Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
Europe automotive turbocharger market will grow considerably over the study timeframe. This can be credited to the presence…
Turbo Actuator Market Segmented by Top Manufacturers - Mitsubishi Electric, MAHL …
The Turbo Actuator Market 2018 research by Big market research. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world.
This report presents the worldwide Turbo Actuator market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate,…
Turbo Actuator Market by 2025 Report Studied Focusing On Top Companies like Mits …
The global Turbo Actuator Market is explained in detail in this report, starting with a basic overview, which includes definitions and major and minor factors that influence this market. Further the report scrutinizes the several policies that regulate processes in this global market, specifically, the ones that are currently active, along with an analysis of the top news stories about the global industry.
This report on Turbo Actuator Market also offers…
