Automotive turbochargers are a type of forced induction system used in automobiles to increase engine power output by forcing extra air into the combustion chamber. Turbochargers are commonly used on gasoline, diesel, and some hybrid engines. By forcing additional air into the combustion chamber, the turbocharger allows for a greater quantity of fuel to be burned, which in turn creates more power.
Turbochargers have become increasingly popular in automobiles due to their ability to improve fuel economy and reduce emissions. By compressing the air entering the engine, turbocharged engines can make more power with the same amount of fuel, meaning they require less fuel to generate more power. This is beneficial both in terms of reducing fuel consumption and reducing emissions.
Turbochargers are also becoming popular in the global automotive market due to their ability to reduce engine noise and vibration. By using a turbocharger, an engine can achieve higher power output without generating as much noise and vibration as a naturally aspirated engine. This makes turbocharged engines more attractive to consumers who are looking for a quieter, more comfortable ride.
The global Automotive Turbochargers market was valued at US$ 18660 million in 2022 and is anticipated to reach US$ 37120 million by 2029, witnessing a CAGR of 10.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Automotive Turbochargers Market available at: https://www.themarketreports.com/report/global-automotive-turbochargers-market-research-report
This report aims to provide a comprehensive presentation of the global market for Automotive Turbochargers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Turbochargers.
Global Automotive Turbochargers main players are Honeywell, BorgWarner, IHI, MHI, etc. Global top four manufacturers hold a share over 75%. Europe is the largest market, with a share nearly 40%.
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