Turbocharger Market Size To Expand at a Notable CAGR Of 7% During 2019 – 2023. Turbocharger Market Research Report: Information by Technology (VGT/VNT, Wastegate, Electric Turbocharger), Fuel Type (Diesel, Gasoline), Sales Channel (OEM, Aftermarket), Vehicle Type, Material, Application And Region - Global Forecast Till 2023.

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The Global Turbocharger Market has seen remarkable growth; expected to rise at a CAGR of 7%. One of the major challenges faced by the global automotive industry is complying with emission regulations. Turbochargers can be utilised to make engines compatible with stringent emission standards. The authorities working for reducing C02 emissions are encouraging the shift from naturally aspirated engines to turbocharged engines. In the transportation industry, commercial vehicles such as trucks and trailers that run on diesel engines for heavy duty performances, are key consumers of turbochargers. However, growing demand for electric vehicles could prove to be a major hindrance to the growth of the market over the forecast period.

The automotive turbocharger market is majorly driven due to the stringent vehicle emission norms from the developing regions such as Europe and North America. In addition, the increasing production of commercial vehicles in countries such as China, Germany, Mexico, India, and Japan drive the growth of Automotive Turbocharger market. Furthermore, technological advancement such as e-turbocharger, growing awareness from the key manufacturers in reducing the carbon footprints, low maintenance cost of this system, and the growing concern over the safety in commercial vehicles are set to drive the growth of this market during the study period.

This study provides an overview of the global Automotive Turbocharger market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Turbocharger market by Technology, Fuel Type, Sales Channel, Vehicle type, Material, Application and Region.

More Details On This Report @ https://www.marketwatch.com/press-release/turbocharger-market-for-automotive-2019-global-size-share-growth-trends-key-players-opportunities-challenges-competitive-landscape-and-regional-forecast-to-2023-2019-10-09

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