Automotive Turbocharger Market Size and Forecast to 2030 | Key Players – Honeywell International Inc., Turbo Energy Private Limited, Mitsubishi Heavy Industries Ltd., Garrett Motion Inc., BorgWarner Inc., IHI Corporation, Cummins
According to a new report published by xResearch, titled, “ Automotive Turbocharger Market 2022 - Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global automotive turbocharger market size is anticipated to witness moderate growth during the forecast period i.e.2022-2030. The rising demand for fuel-efficient gasoline-powered vehicles coupled with the high penetration of turbochargers in gasoline engines across the globe; the rapidly enhancing need and demand for improved engine performance and fuel efficiency; the growing development of electric turbochargers by major market players; the increasing number of stringent emission norms, especially in the developing countries across the world; and the surging adoption of TGDI (Turbocharged Gasoline Direct Injection) technology are among the major factors contributing to the growth of the global automotive turbocharger market during the forecast period. ...