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Demand For Automotive Turbochargers Is Projected To Expand At A CAGR Of 4.7% In Terms Of Value By 2022

Automobile manufacturers from around the world are under pressure of stringent emission regulations. While these regulations may marginally differ from region to region, manufacturers are in no position to overlook them. Automotive turbochargers are devices that help automakers satisfy these emission norms before making their offerings commercial available in global automotive markets. The significance of automotive turbochargers is keeping automobile engines clean is driving their demand globally. Fact.MR’s latest report on the global automotive turbochargers market reveals that in 2017, over US$ 15 Bn worth of automotive turbochargers were sold across the globe.

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Rising adoption of automotive turbochargers is also instrumented by shifting drivetrain technologies and availability of fuel alternatives. Consumers’ inclination towards alternative fuel engines is, however, expected to lower the market’s growth simply due to lack of advanced automotive turbochargers that can be compatible to all engine types. Moreover, fluctuating prices of commodities and components in the automotive world is also impacting automotive turbocharger manufacturers. The report distinctly projects a sluggish growth for the global automotive turbochargers market. Towards the end of 2022, the global automotive turbochargers market will soar at a moderate CAGR of 4.7%, bringing in revenues worth a little over US$ 19 Bn.

Key Segments in Automotive Turbocharger Industry Research

Competitive Landscape

To manufacture high-quality products, automotive turbocharger suppliers are always improving production automation processes and unique manufacturing procedures.

Automotive turbocharger manufacturers put in equipment to test turbocharger performance and reliability under severe pressures and temperatures.

For instance :

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