Automotive Turbocharger Market Drivers, Restraints, Opportunities, and Trends in

1. 2022 Automotive Turbocharger Market Share, Size, Future Demand, Top Leading player, and Emerging Trends

2. Automotive turbochargers are used to improve the power output and efficiency of an internal combustion engine (ICE) because it compresses exhaust air from the engine and dispense it to the combustion chamber. At present, turbocharging has become the standard for most diesel engines and some gasoline engines. Researchers across the world are still exploring new ways to improve the designs of turbochargers for reducing the manufacturing cost and enhancing the performance of this automobile component. As turbochargers help in increasing the fuel efficiency of vehicles, the rising implementation of stringent emission norms by governments across the world will augment the automotive turbocharger market growth during 2020–2030. For instance, Japan, the United States, and countries outside of Europe have drafted their emission policies on the pattern of Euro 6/ Euro VI norms and the associated mandates for low-sulfur and clean fuels. By adopting this emission standard, such countries can help in reducing the emission of carbon monoxide (CO), hydrocarbons (HCs), HC + oxides of nitrogen (NOx), and particulate matter (PM) from petrol and diesel engines.

3. According to P&S Intelligence, the Asia-Pacific (APAC) region is expected to hold the largest share in the automotive turbocharger market in the foreseeable future. This can be primarily owed to the surging adoption of vehicles with compact engine size and increasing implementation of stringent vehicle emission norms in the region. Moreover, the mounting purchasing power of customers in emerging economies, such as India and China will also augment the integration of turbochargers in vehicles in the coming years. High volume adoption of turbochargers by the automotive industry in APAC can also be attributed to the largescale production of automobiles in countries such as China and India. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), India produced 3,062,221 passenger vehicles, 624,939 commercial vehicles, and 18,349,941 two-wheelers during the financial year 2020–2021. Moreover, the China Association of Automobile Manufacturers (CIAAM) states that China produced 1,617,000 passenger cars and 424,000 commercial vehicles in May 2021. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/automotive-turbocharger-market/report-sample

4. Thus, the increasing focus on implementing vehicle emission norms, primarily on account of the soaring requirement for reducing air pollution levels, will propel the adoption of turbochargers in vehicles in the coming years. More Latest Reports by P&S Intelligence: Automotive Data Logger Market Trends, Emerging Opportunities, And Top Key Players By 2030 Automotive Differential MarketDemand, Investment Feasibility and Forecast to 2030

5. This study covers 1. Historical and the present size of the Automotive Turbocharger Market 2. Historical and the present size of the market segments and understand their comparative future potential 3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings 4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders 5. Major players operating in the market and their service offerings

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