Automotive Turbocharger market Competitive Research And Precise Outlook 2023 To 2030

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Automotive Turbocharger Market
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Market Overview
The Global Automotive Turbocharger Market was
worth US 15,364 Mn in 2022 and is projected to
reach US 37,229 Mn by 2030, with a CAGR of 10.7
from 2022 to 2030.Turbochargers are an important
part of today's cars because they make the engine
work better. During combustion, this device uses
the engine's exhaust gases to move a turbine.
This turbine turns the compressor wheel with the
help of a shaft. The compressor wheel pulls in
air from the outside, squeezes it down, and sends
the compressed air to the engine. This compressed
air burns fuel more effectively and saves fuel to
get more power.Most car turbochargers are one of
three types variable turbochargers, wastegate
turbochargers, and electric turbochargers. Engine
downsizing has become the most profitable part of
the automotive business. Small engines are
becoming more popular in cars because they help
control fuel pollution better.

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By Region
The market for automotive turbochargers is
projected to grow steadily in the US because more
people want fuel-efficient cars. Already, there
are a lot of cars sold in the US because the
population is growing and people have a lot of
money. This is also helping the automobile
turbocharger market grow.The fact that fuel
prices are usually high in the United States is
another thing that makes manufacturers focus on
making aftermarket turbocharged options and
upgrading current models with technological
advances.Also, the urgent need to meet strict
emission standards from the EPA and NHTSA is
driving innovation in the vehicle turbocharger
market to get better fuel economy and a smaller
carbon footprint.Because of these things, more
and more American makers are putting better
turbochargers in passenger cars and light
vehicles. Market growth will also be driven by
the growing demand for e-turbochargers for use in
hybrid
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The Global Automotive Turbocharger Market has
been segmented into

• By Type
• Mono Turbo Charger
• Twin Turbo Charger
• Other

• By Material
• Cast Iron Automotive Turbochargers
• Aluminum Automotive Turbochargers
• Others

• By Application
• Passenger Cars
• Commercial Vehicles
• Other

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The Global Automotive Turbocharger Market has
been segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Key Market Updates

• In November 2020, Continental AG added
  turbochargers for new MINI, BMW, and Volkswagen
  Group cars to its lineup. The company's products
  are made to handle more high-volume models and to
  make new products for use in the workshop and
  aftermarket.
• In June 2021, BorgWarner and the Alpine F1 Team
  revealed that they would be working together, in
  addition to their longtime work on propulsion
  technology. The goal of the partnership is to
  share knowledge and find ways to make Alpine
  Cars' power sources better.

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Market Players

• Fengcheng Xindongli Turbocharger Co. Ltd
• Precision Turbo and Engine
• Bullseye Power LLC
• Bosch Mahle
• Cummins Inc.
• Continental AG
• IHI Corporation
• Mitsubishi Heavy Industries Ltd
• BorgWarner Inc.
• Honeywell International Inc.
• Others.

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