The surveyed automotive turbocharger market was valued at over $278 million in 2020 and is expected to reach a value of over $400 million by 2026, recording a CAGR of over 8.5% over the forecast period.
Covid-19 has impacted the industry by forcing manufacturers to close assembly lines and slowing the economy. Since there is little vehicle movement, there have been no new requirements for a spare turbocharger for installing a turbocharger on a new vehicle and replacing an already existing one.
However, with increasing demand for performance and luxury cars, the market is trying to recover to a stable economy with good sales forecasts to meet the potentially high demand.
A full report of Automotive Turbocharger Market available at https://www.orionmarketreports.com/automotive-turbochargers-market/11392/
Automotive Turbocharger Market Segmentations
By Technology
• VNT/VGT
• Wastegate
• Electric
• Twin-turbo
• Free-floating
• Double Axle
By Material
• Cast iron
• Aluminum
• Others
By Components
• Turbine
• Compressor
• Housing
By Fuel Type
• Diesel
• Gasoline
By Application
• Agricultural tractors
• Construction equipment
By Vehicle Type
• Passenger cars
• Light commercial vehicles
• Truck
• Bus
• CNG/Alternate fuels
Key Players
• Honeywell (U.S.)
• BorgWarner (U.S.)
• MHI (Japan)
• IHI (Japan)
• Continental (Germany)
• Bosch Mahle (Germany)
• Cummins (U.S.)
• ABB (Switzerland)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
