Le Lézard
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.

FactMR Logo

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.

For more insights into the Market, Get a Sample of this Report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=16

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:

Restraints:

Get Customization on this Report for Specific Research Solutions https://www.factmr.com/connectus/sample?flag=RC&rep_id=16

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:

Technology:

Material:

Engine Type:

Operation:

Vehicle:

Sales Channel:

Region:

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=16

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.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range ? from automotive & industry 4.0 to healthcare, chemical, and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.

Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg


These press releases may also interest you

at 22:34
DHLink, the smart logistics arm of DHGATE Group (the leading B2B cross-border e-commerce marketplace in China), announced a service agreement with the leading Canadian logistics provider, UniUni. As part of the agreement, DHLink and UniUni will join...

at 20:54
Hyundai Mobis (KRX: 012330), a pioneer in the future smart mobility solution industry, announced that...

at 20:30
Air Lease Corporation (the "Company") announced the pricing on November 28, 2022 of its public offering of $700.0 million aggregate principal amount of 5.85% senior unsecured medium-term notes due December 15, 2027 (the "Notes"). The sale of the...

at 19:52
The Minister of Natural Resources and Northern Development for Manitoba, the Honourable Greg Nesbitt and the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Joyce Murray will co-chair meetings of the Canadian Council of...

at 18:47
The Boards of Directors of Tidewater Midstream and Infrastructure Ltd. ("Tidewater Midstream") and Tidewater Renewables Ltd. ("Tidewater Renewables") announced today that they have appointed Robert Colcleugh as interim Chief Executive Officer of...

at 18:05
Air Transport Services Group, Inc. today announced its Board of Directors has adopted a new common-share repurchase authorization in replacement for its largely exhausted prior authorization, allowing the Company, subject to specified conditions, to...



News published on 1 june 2022 at 20:30 and distributed by: