Automotive Turbocharger Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

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.)