Automotive Turbocharger Market worth $26.4 billion by 2027

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MarketsandMarkets Presents

Automotive Turbocharger Market worth 26.4
billion by 2027
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urbochargers-market-919.html
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The report "Automotive Turbocharger Market by
Technology (VGT, Wastegate, Electric), Material
(Cast Iron, Aluminum), Fuel Type, On-Highway
Vehicles (Passenger Car, LCV, Truck Bus), OHV
(Agriculture, Construction), Aftermarket and
Region - Global Forecast to 2027", The automotive
turbocharger market is projected to grow at a
CAGR of 9.8 over the forecast period, to reach a
market size of USD 26.4 billion by 2027 from USD
12.5 Billion in 2019. Factors such as decreased
emission limits in new emission regulations, fuel
shift towards gasoline passenger cars
especially towards GDI engines and focused
technological advancements in electric
turbocharger technology for mild-hybrid vehicles
are projected to create a potential demand for
automotive turbochargers in the coming
years. Browse 141 market data Tables and 53
Figures spread through 178 Pages and in-depth TOC
on "Automotive Turbocharger Market Get The PDF
Brochure For This Report _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id919
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Wastegate Turbocharger type is estimated to hold
the largest share in the market Wastegate
turbochargers are expected to hold the largest
share (in terms of volume) in 2018, of the total
turbochargers market. Wastegate turbochargers,
being more economical than VGT type, Asia Oceania
is estimated to showcase the most significant
demand for this type of turbocharges, as the
region prefers economic passenger cars
(especially in countries such as China and
India). However, the developed areas of the world
are mostly using the advanced comparatively
expensive VGT type. Currently, the installation
rate for VGT is lower in Asia. However, owing to
its better efficiency (than wastegate turbos) and
new emission regulations, which are expected to
be introduced in India and China in the coming
years, the demand for VGT is likely to increase
in Asian countries post-2020. Passenger Car
Segment is estimated to be the fastest-growing
segment in Automotive Turbocharger Market The
passenger car segment is expected as the largest
market for automotive turbochargers as the
vehicle segment contributes to gt60 of the global
vehicle production. According to ACEA, the
passenger car production hit 79 million in 2018
and is expected to go beyond 100 million by
2024-2025, with Asia Pacific and North America
being the leading regions.
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According to ICCT, the turbocharger technology in
the EU has increased the average passenger car
engine power by 30 to 97 kW, and the engine
displacement decreased by 7, reducing the
overall weight of the vehicles and hence
emissions. With a change in fuel type from diesel
to gasoline and advancements in 48V mild-hybrid
cars, the demand for gasoline and electric
turbochargers is projected to grow in the
passenger car segment in the coming years. Asia
Pacific The region with largest demand for
Automotive Turbochargers Owing to stringent
emission norms - China VI, with its limits lower
than Euro VI set to be implemented in 2020,
Indias BS-VI standards set to be implemented in
2020 (skipping BS V norms) have propelled the
market for automotive turbochargers in the
region. According to MarketsandMarkets Analysis,
the increasing popularity of TGDI with China
leading, 50 of passenger cars equipped with TGDI
and estimated to grow further in the future. As
per SIAM, India is also shifting towards gasoline
vehicles with diesel vehicles share dropping to
19 from 50, further fueling the turbocharger
market. Countries like Japan, South Korea, have
majority of their passenger cars run on gasoline
engines and are leading countries with an active
market for wastegate turbochargers. To speak to
our analyst for a discussion on the above
findings, click Speak to Analyst
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One of the essential drivers to consider is the
growing production of mild hybrid vehicles to
achieve 20 by 2025. Other growing economies,
governments such as Thailand, Indonesia are
providing incentives to OEMs to set up their hubs
to produce HEVs to produce cleaner
transportation. Other factors such as increased
fuel prices, will positively affect the
turbocharger market. Request FREE Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id919 Key Market Players Automotive
turbocharger market is dominated by manufacturers
such Honeywell (US), BorgWarner (US), MHI
(Japan), IHI (Japan), and Continental (Germany),
Bosch Mahle (Germany), Cummins  (US), ABB
(Switzerland), TEL (India), and Delphi
Technologies (UK), Rotomaster International
(Canada), Precision Turbo Engine INC(US),
Turbonetics(US), Turbo International (US),
Kompressorenabu Bannewitz GMBH(Germany), Turbo
Dynamic Ltd.(UK), Fuyuan Turbocharger Co.
Ltd.(China), Hunan Tyen Machinery Co. Ltd.
(China), Ningbo Motor Industrial Co. Ltd.
(China), Calsonic Kansei (Japan).
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