Automotive Turbocharger market Competitive Research And Precise Outlook

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6. MarketOverview The Global Automotive Turbocharger Market was worth US$ 15,364 Mn in 2022 and is projected to reach US$ 37,229 Mn by 2030, with a CAGR of 10.7% from 2022 to 2030.Turbochargers are an important part of today's cars because they make the engine work better. During combustion, this device uses the engine's exhaust gases to move a turbine. This turbine turns the compressor wheel with the help of a shaft. The compressor wheel pulls in air from the outside, squeezes it down, and sends the compressed air to the engine. This compressed air burns fuel more effectively and saves fuel to get more power.Most car turbochargers are one of three types: variable turbochargers, wastegate turbochargers, and electric turbochargers. Engine downsizing has become the most profitable part of the automotive business. Small engines are becoming more popular in cars because they help control fuel pollution better.

7. By Region: The market for automotive turbochargers is projected to grow steadily in the US because more people want fuel-efficient cars. Already, there are a lot of cars sold in the US because the population is growing and people have a lot of money. This is also helping the automobile turbocharger market grow.The fact that fuel prices are usually high in the United States is another thing that makes manufacturers focus on making aftermarket turbocharged options and upgrading current models with technological advances.Also, the urgent need to meet strict emission standards from the EPA and NHTSA is driving innovation in the vehicle turbocharger market to get better fuel economy and a smaller carbon footprint.Because of these things, more and more American makers are putting better turbochargers in passenger cars and light vehicles. Market growth will also be driven by the growing demand for e-turbochargers for use in hybrid

8. The Global Automotive Turbocharger Market has been segmented into: • By Type: • Mono Turbo Charger • Twin Turbo Charger • Other • By Material • Cast Iron Automotive Turbochargers • Aluminum Automotive Turbochargers • Others • By Application • Passenger Cars • Commercial Vehicles • Other

9. The Global Automotive Turbocharger Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Key Market Updates: • In November 2020, Continental AG added turbochargers for new MINI, BMW, and Volkswagen Group cars to its lineup. The company's products are made to handle more high-volume models and to make new products for use in the workshop and aftermarket. • In June 2021, BorgWarner and the Alpine F1 Team revealed that they would be working together, in addition to their longtime work on propulsion technology. The goal of the partnership is to share knowledge and find ways to make Alpine Cars' power sources better.

11. Market Players • FengchengXindongli Turbocharger Co. Ltd • Precision Turbo and Engine • BullseyePower LLC • Bosch Mahle • Cummins Inc. • Continental AG • IHI Corporation • Mitsubishi Heavy Industries Ltd • BorgWarner Inc. • Honeywell International Inc. • Others.

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