Automotive Turbocharger Market Global Scenario, Market Size, Outlook, Automotive Turbocharger Market Global Scenario

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Variant Market Research
Automotive Turbocharger Market Global Scenario,
Market Size, Outlook, Trend and Forecast, 2015 – 2024
Automotive Turbocharger Market is expected to witness rapid growth in the coming years supported by
its rising application in automotive sector. OEM and aftermarket are the main application areas where it’s
expected to experience double digit growth. The main feature making it a popular option for automobile
industry is its mechanism to raise the power of the engine in order to facilitate the ease of combustion.
Also, it helps to meet the standards and norms related to exhaust gases such as nitrous oxide, CO2 and
particulate materials. The market is expected to grow at a compound annual growth rate (CAGR) of 11.7%
from 2016 to 2024.
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Rising demand for automotive turbocharger for gasoline vehicles, development of ball bearing
turbocharger and electric turbocharger, engine downsizing, fuel efficiency and increasing emission norms
of vehicles are the major driving factors of the market. China and India and expected to be the most
promising regional market witnessing high demand in the coming years. However, North America is the
largest regional market for automotive turbocharger at present.
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The market is segmented into by type, by fuel type, by vehicle type and by geography. By type the scope
of the report covers Variable turbine geometry turbochargers, vnt dutydrive turbocharger, wastegate