Dominated By Asia-Pacific, The Global Automotive Turbocharger Market Is Anticipated To Reach USD 21.66 Billion By 2027 With The CAGR Of 10.56%

An automotive turbocharger is a system that helps an engine to produce more power and torque through forced induction. The automotive turbocharger market is mainly driven by emission regulations, rising fuel cost globally, automotive sales and automotive production in the various countries. The turbocharger market includes turbochargers for new passenger and commercial vehicles as well as turbochargers for replacement use in the global aftermarket. Further, the adoption of electric vehicle is increasing day by day globally, due to this reason; many major firms are taking initiatives towards manufacturing of e-turbocharging for the electric vehicle, which will help in boosting the efficiency of the vehicle.

According to the report title, “Global Automotive Turbocharger Market Outlook, 2027”, publish by Bonafide research, the automotive turbocharger market is anticipated to grow at a CAGR of 10.56% in value terms in the forecast period. To improve the overall performance and efficiency of a vehicle’s engine, different types of turbochargers are used in vehicles. According to the report, the turbocharger market is segregated into three major technology type i.e. variable geometry turbocharger (VGT), wastegate turbocharger and electric turbochargers. The Variable geometry turbocharger is leading the market with more than 65% of value share and it is expected to capture a higher market share in the forecast period. Follow by the wastegate turbocharger technology. An electric turbocharger is used to eliminate turbo lag and assist a normal turbocharger at lower engine speeds where a conventional turbocharger is not more efficient. So the penetration of electric turbochargers in vehicles is likely to increase in the future. By vehicle type, the market is segmented into passenger and commercial vehicles. Passenger vehicle is leading the market with more than 75% value share. Due to an increase in production of passenger, light commercial and commercial vehicles, it will allow the turbocharger market to grow at a faster rate in future.

To avail the sample report for free:
https://www.bonafideresearch.com/samplereport/220359921/global-automotive-turbocharger-market

Turbochargers are used in various fuel engines for many years, in order to obtain greater power or torque output for a given engine displacement. According to the report, the market is segmented into two fuel type i.e. gasoline and diesel fuels. The diesel fuel segment is leading the market with more than 68% of value market share. The automotive turbochargers allow original equipment manufacturers to reduce engine size without sacrificing vehicle performance, thereby increasing fuel efficiency and decreasing harmful emissions. According to the report, market is segmented into two sales channel type i.e. original equipment manufacturers and aftermarket. Original equipment manufacturers segment is leading the market with more than 95% market share. The aftermarket segment of turbocharger is likely to grow in future as many firms are involving in turbocharger aftermarket.

All regions continue to show growth as global macros of increased regulation and growing consumer performance expectations help drive the golden age of turbochargers. According to the report, by region wise, the automotive turbocharger market is segregated into five major regions i.e. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The Asia Pacific region is dominating the market with more than 63% value market share. Follow by North America region. By country, china is leading the automotive turbocharger market with more than 35% market share. There are many prominent companies in the automotive turbocharger market which are leading the market. The companies are Garrett Motion Inc., Cummins Inc., Borgwarner Inc., Continental AG and Ishikawajima-Harima Heavy Industries Co., Limited.

The global COVID-19 pandemic has created unparalleled challenges for the auto industry in the short-term. COVID-19 pandemic situation has resulted in diminish in automotive production which is directly proportionate to the decline in the automotive turbocharger market. On the other side, the pandemic situation has enforced the various firms in the turbocharger market to adopt new technologies during the operation, which will create a better chance for the growth of the turbocharger market.

Major Companies present in the market:
Garrett Motion Inc., Cummins Inc., Borgwarner Inc., Continental AG, Ishikawajima-Harima Heavy Industries Co., Limited, Mitsubishi Heavy Industries Limited, Turbo Energy Private Limited, Hunan Tyen Machinery Co., Ltd., Rotomaster International, BMTS Technology GmbH & Co. KG, Fengcheng Xindongli Turbocharger Co., Limited, Bullseye Power Turbo Chargers LLC., The Turbo Engineers Gmbh, Kompressorenbau Bannewitz GmbH, Magnum Performance Turbos, Inc.

Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Automotive Turbocharger market with its value and forecast along with its segments
• Region-wise automotive turbocharger market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

Types of Technology in the report:
• Variable Geometry Turbocharger
• Wastegate Turbocharger
• Electric Turbocharger

By Vehicle Type in the report:
• Passenger Vehicle
• Commercial Vehicle

Type of Fuel in the report:
• Gasoline
• Diesel

Type of Sales Channel in the report:
• Original Equipment Manufacturer
• Aftermarket

To Access Complete Report: https://www.bonafideresearch.com/product/220359921/global-automotive-turbocharger-market

Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Automotive Turbocharger Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Technology Type
5.2.3. By Vehicle Type
5.2.4. By Fuel Type
5.2.5. By Sales Channel
5.2.6. By Country
5.2.7. By Company
…continue

Regional Reports:

North America Automotive Turbocharger Market
Europe Automotive Turbocharger Market
Asia-Pacific Automotive Turbocharger Market
South America Automotive Turbocharger Market
Middle East & Africa Automotive Turbocharger Market

Country Reports:

US Automotive Turbocharger Market
Germany Automotive Turbocharger Market
South Korea Automotive Turbocharger Market

Contact Us:
Bonafide Research
Steven Thomas, AM – Content Marketing
sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545

https://www.bonafideresearch.com/

About us: Bonafide Research is the fastest growing global market research and consulting company providing syndicated research reports, customized research reports, and consulting services to a range of verticals. They have been closely working with a wide client base ranging from Fortune 1000 companies to small and medium enterprises by helping them in tracking the constantly changing market scenario.