Turbocharger Market revenue will reach $24.07 billion by 2024 Turbocharger Market Forecast And Industry Analysis | Page 5

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The current obsession with improving fuel
economy and the enforced reduction in
emissions is proving a boon for
manufacturers of turbochargers.
Moreover, new government fuel economy
regulations and the prospect of higher fuel
prices are driving the stampede to
turbocharge. However, the upcoming trend
of electric vehicles due to environmental
concerns can act as a major impeding
factor to the turbocharger market growth”