2 months ago

Automotive Twin Turbocharger Market to exceed USD 7 billion by 2024

More Information @ Rising demand for turbocharging technologies from the OEMs to deliver enhanced and fuel-efficient vehicles will primarily drive the industry growth.


technological advancements assist in the incorporation of turbochargers into the engines and enable the small-sized engines to offer higher power relative to their size. These innovations are likely to induce immense potential to the automotive turbocharger market size from 2017 to 2024. Engine downsizing is a key trend that has significantly impacted the automotive turbocharger market. It enables easy replacement of conventional engines with the engines with turbocharger, without impacting the vehicle’s fuel efficiency and power. Moreover, an engine with turbocharger increases the efficiency by 20%. Electric turbocharger is another innovation, featured with an electric motor and an exhaust gas driven turbine and delivers fast response and high boost pressure. These advancements are likely to offer stable growth prospects for the industry participants. U.S. Automotive Turbocharger Market, By System, 2016 & 2024, (Thousand Units) Browse key industry insights spread across 300 pages with 647 market data tables & 10 figures & charts from the report, “Automotive Turbocharger Market Size By Vehicle (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, Japan, India, South Korea, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: 2 | P a g e

Diesel will capture maximum volume share of over 60% by the end of 2024 owing to high production of vehicles with diesel across the globe. These vehicles have low efficiency and are responsible for more CO2 emissions. This has resulted in high demand of turbochargers, accelerating the industry demand. Automotive turbocharger market from gasoline will grow rapidly, witnessing more than 8% CAGR over the next eight years owing to shifting preference towards this fuel. It can be credited to the benefit of enhanced performance at high temperatures. OEMs accounts for 90% automotive turbocharger market share in 2016. Increasing penetration of the system among the auto manufacturers offering superior efficiency 3 | P a g e

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