The global turbocharger market in 2021 was valued at US$16.55 billion. The market value is expected to reach US$24.38 billion by 2027. A turbocharger is a device fitted to a vehicle’s engine that is designed to improve the overall efficiency and increase performance. In a combustion engine, air, fuel and spark combine to create an explosion which creates power to turn the engine.
Turbochargers do not require additional engine power to run as they are driven by exhaust gases that would otherwise go to waste. The engine size can be reduced in a turbocharged engine leading to better packaging, weight saving benefits and overall improved fuel economy. The market is expected to grow at a CAGR of 6.76% during the forecast period of 2022-2027.
Scope of the Report:
The report titled “Global Turbocharger Market: Analysis By Engine Type (Gasoline, Diesel And Hybrid), By Technology (Variable Geometry Technology, Twin Turbo Technology, Wastegate Technology And Others), By Distribution Channel (Original Equipment Manufacturer And Aftermarket), By Vertical (Aerospace & Defense, Automotive, Marine And Agriculture & Construction), By Region Size And Trends With Impact Of COVID-19 And Forecast Up To 2027”, includes :
-- An in-depth analysis of the global by value, by engine type, by vertical, by technology, by distribution channel, by region, etc.
-- The regional analysis of the turbocharger market, including the following regions:
North America (The US, Canada, and Mexico)
Europe (Germany, The UK, France and Rest of the Europe)
Asia Pacific (China, Japan, India, South Korea and Rest of Asia Pacific)
Latin America, Middle East & Africa (LAMEA)
-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
-- Provides an analysis of the COVID-19 impact on the global turbocharger market.
-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the turbocharger market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
-- Evaluation of the potential role of the turbocharger to improve the market status.
-- Identification of new technological developments, R&D activities, and product launches occuring in the Turbocharger market.
-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.
-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
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