Automotive Turbochargers Market

Automotive Turbochargers Market Size, Share, Growth Analysis, By Fuel Type(Gasoline, Diesel, Other), By Vehicle Type(Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region(North America, Europe, Latin America, Asia Pacific) - Industry Forecast 2024-2031


Report ID: UCMIG25C2067 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Automotive Turbochargers Market Insights

Market Overview:

From 2020 to 2027, the market for automotive turbochargers is expected to grow at an 8.9% CAGR, reaching a value of USD 13.81 billion in 2019. The expansion of vehicular turbo is being positively impacted by the growing trend of lighter engines in trucks and buses, which is causing a shift towards direct petrol engines. Engine downsizing techniques are being used by OEMs (original equipment manufacturers) to increase vehicle fuel efficiency as a result of the stricter automobile pollution regulations that are being applied more frequently around the world. Turbocharger demand is expected to increase as a result of this trend because they are crucial for lowering car emissions and increasing fuel efficiency.

Automotive Turbochargers Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automobile Manufacturers by segment aggregation, the contribution of the Automobile Manufacturers in Automobiles & Components and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Automotive Turbochargers was estimated to be valued at US$ XX Mn in 2021.

The Automotive Turbochargers Market is estimated to grow at a CAGR of XX% by 2028.

The Automotive Turbochargers Market is segmented on the basis of Fuel Type, Vehicle Type, Region.

Based on region, the Automotive Turbochargers Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Automotive Turbochargers Market are , Honeywell (U.S.), BorgWarner (U.S.), MHI (Japan), IHI (Japan), Continental (Germany), Bosch Mahle (Germany), Cummins (U.S.), ABB (Switzerland).

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Automotive Turbochargers Market

Report ID: UCMIG25C2067

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