Automotive Turbocharger Market Size, Share & Trends [2024-2030]
The global automotive turbocharger market size is projected to reach $22.9 billion by 2030, driven by the increasing demand for fuel-efficient vehicles and stringent emission regulations worldwide. Turbochargers play a vital role in enhancing engine performance by enabling smaller engines to deliver higher power output while maintaining fuel efficiency. The growing adoption of turbocharged engines...
Automotive Turbocharger Market Size, Share, Trends & Analysis by 2030
The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth of the automotive turbocharger market is propelled by harsh emission regulations and shifting consumer inclination for high-performance vehicles. As the automotive industry is transitioning from diesel to gasoline light-duty vehicles and a surge in vehicle...
Automotive Turbocharger Market Size, Share, Analysis & Forecast by 2030
The Automotive Turbocharger Market is estimated to grow from USD 15.0 billion in 2023 to USD 22.2 billion by 2028 at a CAGR of 8.1% over the forecast period.
The growth in the automotive turbocharger market is attributed to the growing fuel-efficiency targets & decreasing emission limits, and the trend toward high-performance vehicles. Due to the growing vehicle parc of turbocharged vehicles,...