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Classified in: Transportation
Subject: MRR

Sales of Automotive Turbocharger to Top US$ 23.28 Bn by 2031, Driven by Growing Demand for Fuel Efficient Solutions

Accelerating Sales of Automobiles to Elevate Demand for Automotive Turbocharger at a CAGR of 7.6% through 2031

In the latest study, Fact.MR provides a detailed analysis on the global automotive turbocharger market, highlight key trends and opportunities during the assessment period. The report reveals leading factors such as recent developments, challenges, and driver influencing the growth in the market across multiple segments including technology, material, engine type, vehicle, and sales channel.

NEW YORK, June 1, 2022 /PRNewswire/ -- The global automotive turbocharger market reached US$ 11.2 Bn in 2021. The sales of automotive turbochargers are expected to create an incremental opportunity of US$ 23.28 Bn by the end of 2031, expanding at a robust CAGR of 7.6% during the forecast period 2022-2031.

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In the past few years, a substantial rise in production and sales of automotive vehicles such as passenger cars, sport utility vehicles (SUVs), off-roading cars, sports cars, and others are being witnessed across the globe, creating strong demand for automotive components.

For instance, according to a study by the International Energy Agency, around 35 million SUVs were reported to be sold globally in the year 2021, accounting for nearly 45% of the total passenger car sales. As automotive turbocharger is deployed in these high-performance vehicles to increase acceleration and speed, growing sales of such automobiles are anticipated to create remunerative opportunities in the global market.

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Governments and numerous environmental protection organizations implementing several regulations regarding emission control. Turbochargers help the automotive industry players in complying with regulatory rules and standards for the emission of gases such as carbon dioxide and other pollutants. Attributed to this, these turbine-driven induction devices are gaining huge popularity across the automotive industry, which is in turn, expected to bolster the sales of automotive turbochargers in the global market.

Key Takeaways:

Growth Drivers:


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Competitive Landscape:

Automotive turbocharger manufacturers are aiming at entering into collaboration, partnership, agreement, and others to improve the production automation processes and adopt unique manufacturing procedures. Some of the key companies are focusing in launching new turbochargers with high performance and reliability under high temperatures and pressures.

For instance,

Key Companies Profiled by Fact.MR

More Valuable Insights on Automotive Turbocharger Market

Fact.MR in its latest study offers a detailed analysis on the global automotive turbocharger market. It also vital insights into latest trends and upcoming opportunities influencing sales of automotive turbocharger during the forecast period. It also uncovers critical forecast data for the automotive turbocharger market through detailed segmentation as follows:



Engine Type:



Sales Channel:


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Key Questions Covered in the Automotive Turbocharger Market Report

Explore Fact.MR's Coverage on the Automotive Domain

Automotive Plastic Bumper Market: A number of leading automotive vehicle manufacturers are focusing on decreasing the overall weight of the vehicle, owing to the rising concerns about carbon emission and increasing cost of fuels such as gasoline and diesel. This is encouraging them to adopt body products made of strong plastics, which is in turn, creating growth opportunities in the automotive plastic bumper market.

Automotive Brake Components Market: Due to the growing concerns regarding driver and passenger safety and increasing prevalence of road accidents, numerous governmental and regulatory organizations are implementing strict standards pertaining to the deployment of advanced braking systems. On account of this, the sales of automotive brake components are expected to rise at 4.2% CAGR through 2032.

Automotive Tail Light Market: Key automotive vehicle manufacturing companies are increasingly emphasizing enhancing the aesthetic beauty of novel automobiles and deploying components such as tail lights with innovative designs, colorful wheels, and others. This in addition to, accelerating sales of passenger cars is anticipated to augment the demand for automotive taillights in the global market.

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