Turbocharger Industry Global Market Review From 2019 To 2023

Posted by Abhijeet Bendre on January 24th, 2019

The Turbocharger market is expected to witness 7% CAGR during the period, 2019 to 2023. Turbocharger helps automobiles not only by maximizing engine efficiency, but also by increasing power output of an engine as compared to a naturally aspirated engine. For instance, turbochargers utilised in an optimum condition can approximately increase a non-turbo charged motor of 200 bhp to 1000 bhp. Besides, turbochargers are also considered to provide more economical & greener engines. Due to these factors, turbochargers are becoming much more popular in the automotive industry.

The automotive turbocharger market is majorly driven due to the stringent vehicle emission norms from the developing regions such as Europe and North America. In addition, the increasing production of commercial vehicles in countries such as China, Germany, Mexico, India, and Japan drive the growth of Automotive Turbocharger market. Furthermore, technological advancement such as e-turbocharger, growing awareness from the key manufacturers in reducing the carbon footprints, low maintenance cost of this system, and the growing concern over the safety in commercial vehicles are set to drive the growth of this market during the study period.

Global Turbocharger market is segmented on the basis of Technology, Fuel Type, Sales Channel, Vehicle type, Material, Application and Region.

On the basis of technology, the market has been segmented into VGT/VNT, Wastegate, Electric Turbocharger and Others.

On the basis of fuel type, the market has been segmented into Diesel & Gasoline.

On the basis of sales channel, the market has been segmented into OEM & Aftermarket.

On the basis of vehicle type, the market has been segmented into passenger vehicles, Light Commercial Vehicle, Heavy Commercial vehicle & Off-Highway vehicles.

On the basis of Material, the market has been segmented into Cast iron, Aluminium & Others.

On the basis of application, the market has been segmented into Automotive, Marine, Agricultural & Construction and Others.

Browse More On This Report: https://www.marketresearchfuture.com/reports/turbocharger-market-1835

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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