Automotive Turbocharger market is projected to grow at a CAGR of 10.5% during the forecasting period 2021-2027
During the forecast period, the Automotive Turbocharger Market is expected to grow at a significant rate. Consumer preferences for more powerful vehicles are expected to drive the market, as are strict emission regulations in regions such as Europe and North America, as well as upcoming regulations in Asian countries such as China and India.
Because of its advantages over other types of turbochargers, such as high efficiency and reduced turbo lag, VGT is expected to be the fastest growing market.
During the forecast period, the gasoline turbocharger segment is expected to grow at the fastest rate. The market for automotive turbochargers for diesel vehicles has matured, while the market for gasoline turbochargers is rapidly expanding. However, in the current scenario, turbocharged diesel vehicles have a higher penetration than gasoline turbocharged vehicles. The market for gasoline turbocharged vehicles will be boosted by upcoming emission standards in China and India, which are expected to be equivalent to Euro 6.
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The Automotive Turbocharger Market report has been categorized as below
By Technology
VGT/VNT Turbocharger
Wastegate Turbocharger
Electric Turbocharger
By Fuel Type
Diesel
Gasoline
By Vehicle Type
Passenger Cars
Commercial Vehicles
Truck
Bus
By Material
Cast iron
Aluminum
Others
By Hybrid Vehicle Type
HEV
PHEV
By Region
North America
Europe
Asia Pacific
Rest of World
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