Turbocharger Market revenue will reach $24.07 billion by 2024 Turbocharger Market Forecast And Industry Analysis | Page 8

TURBOCHARGER MARKET KEY FINDINGS
▪ The global turbocharger market was valued at $10.2 billion in 2016 and
is projected to reach $24.07 billion by 2024.
▪ The variable geometry turbochargers are expected to experience the
fastest growth having a CAGR of 12.3% during the entire forecast period.
▪ Europe held nearly 43% of the global turbocharger market in 2016 and
is expected to grow at a CAGR of 10.7% during the forecast period.
▪ Europe held nearly 43% of the global turbocharger market in 2016 and
is expected to grow at a CAGR of 10.7% during the forecast period.
▪ Light commercial Vehicle turbochargers will dominate the entire market
throughout the forecast period holding nearly 1/4th of the total market
share in 2016.
▪ The diesel turbocharger market is expected to witness a CAGR of 11.8%
during the forecast period.
8