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Global Automotive Turbocharger Market – Analysis and Forecast (2021-2027)

The global automotive turbocharger market is anticipated to grow from USD 11.65 billion to USD 19.7 billion by 2027, witnessing a CAGR of 10.1% during the forecast period 2021-2027. An automotive turbocharger is an enforced initiation system that uses the energy of exhaust gases from the engine to drive the turbine. This helps in stimulation the volume of air into the combustion chamber as it burns the fuel efficiency with great power and saves fuel. Turbochargers are one of the essential components as they increase the efficiency of the engine.

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Global Automotive Turbocharger Market – Analysis and Forecast (2021-2027)

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  1. Global Automotive Turbocharger Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Automotive Turbocharger Market The global automotive turbocharger market is anticipated to grow from USD 11.65 billion to USD 19.7 billion by 2027, witnessing a CAGR of 10.1% during the forecast period 2021-2027. An automotive turbocharger is an enforced initiation system that uses the energy of exhaust gases from the engine to drive the turbine. This helps in stimulation the volume of air into the combustion chamber as it burns the fuel efficiently with great power and saves fuel. Turbochargers are one of the essential components as they increase the efficiency of the engine. The increased engine downsizing requirements, increased penetration of electric vehicles, mounting adoption of zero-emission vehicles, and stringent government regulations will attribute to the growth of the global automotive turbocharger market.

  4. Global Automotive Turbocharger Market Asia-Pacific contributes to the largest share in the global automotive turbocharger market owing to the increased volume of passenger cars in the region. Moreover, countries like India and China are holding the maximum sales and production of automotive which fuels the growth of the automotive turbocharger market in the region. The robust urbanization, industrialization, enhancement in infrastructure, increased disposable income, and stringent government norms and emission standards like BS-VI in India will accelerate the growth of the automotive turbocharger market in the region. BorgWarner is a prominent leader in clean and eco-efficient technologies. BorgWarner's turbocharger technology offers enhanced energy-efficient engine performance and reduces emissions and fuel consumption.

  5. Global Automotive Turbocharger Market In April 2021, IHI Corporation signed a technical collaboration agreement for electric turbochargers for fuel cell systems with AVL List GmbH. In May 2021, BorgWarner signed a contract to supply electric turbochargers, i.e., eTurbo a major European OEM for use in high voltage hybrid vehicles.TheeTurbo is a mechanical turbocharger with an ultra-fast electric motor connected directly to the shaft. Some of the key players operating in the automotive turbocharger market: GARRETT MOTION INC., Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., IHI Corporation, Honeywell International Inc., Cummins Inc., ABB, Linamar Corporation, and Rotomaster.

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