Automotive Turbocharger market is projected to grow at a CAGR of 10.5% during the forecasting period 2021-2027. The 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.
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The market in Asia and Oceania is expected to be the largest. The improvement in the socioeconomic situation in emerging economies such as China, India, Indonesia, and Thailand is credited with the growth. OEMs will have to instal turbochargers in vehicles to meet the upcoming emissions limits. Due to the dominance of small car production in Asia and Oceania, OEMs are focusing on engine downsizing with the use of turbochargers. As a result, the rate of turbocharger installation in passenger cars in Asia is expected to skyrocket after 2020.

Key market players in the global Automotive Turbocharger industries are Honeywell, BorgWarner, MHI, IHI, and Continental.

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