“Automotive Turbocharger Market”
Growing need for fuel efficient car engines and gasoline engines is expected to drive the market growth over the forecast period.
This Automotive Turbocharger Market Report 2022 includes enabling technologies, key trends, market drivers, challenges, global standardization, regional regulatory landscape, deployment models, case studies, opportunities, future roadmaps, value chains, historical and forecast data of key profiled market players. This automotive turbocharger industry is a multi-billion dollar business with the US region dominating the global landscapes. It is an integral part of modern life, but even though it has been around for over a century, the automotive turbocharger market has changed dramatically over time. Traditional markets such as Europe and North America are now being joined by emerging economies such as India, China and Brazil.
The automotive turbocharger market is expected to reach USD 10,759 million at a CAGR of 10.10% between 2022 and 2030.
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Automotive Turbocharger Market Overview
The automotive turbocharger is a turbine driven by the energy of the exhaust gases generated by the internal combustion engine. Generally, a turbocharger consists of two parts and it is a turbine and a compressor, which work in parallel using a split shaft. A turbocharger improves engine fuel efficiency by pushing more clean air through the engines to burn fuel and deliver greater power.
Turbocharged engines are widely used with many advantages which play a vital role in controlling environmental pollution. Diesel engines are considered to be one of the biggest contributors to environmental pollution caused by exhaust emissions. Many strict policies have been imposed around the world in recent years to reduce the negative effects on the environment. The amended rules will apply to all vehicles running on petrol, CNG, LPG, electric, diesel and hybrid.
Major Global Key Players Accelerating Automotive Turbocharger Market Are:
Cummins, Inc. (USA), BorgWarner Inc. (USA), Mitsubishi Heavy Industries, Ltd (Japan), Fengcheng Xindongli Turbocharger Co., Ltd. (China), Honeywell International Inc. (USA), IHI Corporation (Japan), Bullseye Power, LLC (USA), Precision Turbo and Engine (USA), Continental AG (Germany), Bosch Mahle (Germany ) and other.
- North America
- Asia-Pacific (APAC)
- Rest of the world (right-of-way)
The automotive market, in particular the services market, has undergone unprecedented change. One of the most notable drivers has been the shift to online sales. While traditional dealerships remain, many new players have entered the market.
The industry continues to experience substantial changes due to the growing demand for more fuel efficient and environmentally friendly vehicles. The demand for alternative powertrains such as hybrid, electric, plug-in hybrid and fuel cell remains high as they offer benefits such as reduced emissions, improved fuel economy and reduced noise levels.
The automotive industry is an important and diverse part of the economy. It has many different subclasses, each with its own quirks and peculiarities. One of these facets is the automotive news industry, which includes multiple perspectives on different automotive topics such as new cars, accidents and other interesting happenings in the field.
Most important segments of automotive turbocharger covered in this report are:
The global automotive turbocharger market is segmented into 3 key dynamics for report convenience and better understanding;
Segmentation by Type: Includes Gasoline Engine, Diesel Engine, and New Energy Engine.
Segmentation by Application: Includes passenger vehicles and commercial vehicles.
Segmentation by regions: includes geographic regions: North America, Europe, APAC and Rest of the World.
The Automotive Turbochargers Market report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific and Latin America) from the point of view of actors, countries (United States, Canada, Germany, France, United Kingdom, Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico and Brazil, etc.), product types and end industries.
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What are the market factors that are covered in the report?
– Key strategic developments: The study also includes the key strategic developments of the automotive turbocharger market, comprising R&D, new product launch, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and regional growth of key competitors operating in the market globally and regionally.
– Key Market Features: The Automotive Turbocharger Market report assessed key market features including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR and gross margin. Additionally, the study offers a comprehensive study of key market dynamics and their latest trends, along with relevant market segments and sub-segments.
The research includes historical data from 2017 to 2021 and forecasts to 2030, making the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and others looking for key industry data in easily accessible and clearly presented documents. tables and graphs.
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Influence of the automotive turbocharger industry on the global market market report:
–Comprehensive assessment of all opportunities and risks in the Automotive Turbochargers market. – Recent innovations and major events in the automotive turbocharger market. –A detailed study of business strategies for growth of the Automotive Turbochargers Market-leading market players. –Conclusive study about the growth plot of Automotive Turbocharger Market for forthcoming years. – In-depth understanding of the Automotive Turbocharger market, market-specific engines, restraints, and major micro markets. – Favorable impression in vital technological and market latest trends striking the Automotive Turbocharger Market.
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