Turbocharger Market
Turbocharger Market
Turbochargers swiftly gained popularity as they find wide applications in light commercial vehicles.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, May 29, 2024 /EINPresswire.com/ -- Improved engine performance and fuel efficiency, several government regulations, and engine downsizing to reduce vehicle weight drive the growth of the global ð“ð®ð«ð›ð¨ðœð¡ðšð«ð ðžð« ðŒðšð«ð¤ðžð. On the other hand, complications related to turbocharger installation and rise in engine temperature owing to overheating issues in turbochargers curtail down the growth to some extent. However, increase in demand for fuel efficient as well as gasoline engines is expected to create multiple opportunities in the industry.
ð‘ðžðªð®ðžð¬ð ð’ðšð¦ð©ð¥ðž ððšð ðžð¬ ðð¨ð°: https://www.alliedmarketresearch.com/request-sample/1683
The global turbocharger market was valued at $16.13 billion in 2019, and is projected to reach $24.23 billion by 2027, registering a CAGR of 5.3%.
Factors such as improved engine performance and fuel efficiency, government regulations and engine downsizing to reduce vehicle weight drive the growth of the turbocharger market. Moreover, turbocharger installation and excessive rise in engine temperature, owing to overheating issues in turbochargers are the factors expected to hamper the growth of the turbocharger market. However, rise in demand for fuel efficient engines and gasoline engines is expected to supplement the growth of the turbocharger market during the forecast period.
ð“ð¡ðž ð¤ðžð² ð©ð¥ðšð²ðžð«ð¬ ð©ð«ð¨ðŸð¢ð¥ðžð ð¢ð§ ðð¡ð¢ð¬ ð«ðžð©ð¨ð«ð ð¢ð§ðœð¥ð®ððž
ðð¨ð«ð ð–ðšð«ð§ðžð« ðˆð§ðœ., ðˆð‡ðˆ ð‚ð¨ð«ð©ð¨ð«ðšðð¢ð¨ð§, ðð«ðžðœð¢ð¬ð¢ð¨ð§ ð“ð®ð«ð›ð¨ & ð„ð§ð ð¢ð§ðž, ð„ðšðð¨ð§, ð“ð®ð«ð›ð¨ ðƒð²ð§ðšð¦ð¢ðœð¬ ð‹ðð., ð‚ð®ð¦ð¦ð¢ð§ð¬ ðˆð§ðœ., ð‚ðŽðð“ðˆðð„ðð“ð€ð‹ ð€ð†., ð‘ð¨ðð¨ð¦ðšð¬ððžð« ðˆð§ððžð«ð§ðšðð¢ð¨ð§ðšð¥, ð‡ð¨ð§ðžð²ð°ðžð¥ð¥ ðˆð§ððžð«ð§ðšðð¢ð¨ð§ðšð¥ ðˆð§ðœ., ðŒðˆð“ð’ð”ððˆð’ð‡ðˆ ð„ð‹ð„ð‚ð“ð‘ðˆð‚ ð‚ðŽð‘ððŽð‘ð€ð“ðˆðŽð
Turbochargers swiftly gained popularity as they find wide applications in light commercial vehicles, heavy commercial vehicles, ships & aircraft, heavy duty vehicles, and locomotives, owing to several benefits such as enhanced fuel-efficiency and improved engine performance in terms of power and output. In addition, they also help automakers to meet regulatory standards regarding carbon emission. For instance, the government of Europe imposed emission targets for new light commercial vehicles, wherein each vehicle is required to have a label stating its fuel efficiency and CO2 emission level.
ðð®ð² ðð¨ð° ðð¡ðž ð„ð±ðœð¥ð®ð¬ð¢ð¯ðž ð‘ðžð©ð¨ð«ð: https://www.alliedmarketresearch.com/checkout-final/b0bba6d5b0355c04438a69d32684d2f4
Current trend for the installation of better and efficient turbochargers in vehicles has increased due to its advantages such as better and increased vehicle efficiency. This has enabled turbocharger manufacturers to make continuous enhancements in existing turbochargers, therefore, boosts the turbochargers market growth.
Factors such as improved engine performance and fuel efficiency, government regulations and engine downsizing to reduce vehicle weight drive the growth of the turbocharger market. Moreover, turbocharger installation and excessive rise in engine temperature, owing to overheating issues in turbochargers are the factors expected to hamper the growth of the turbocharger market. However, rise in demand for fuel efficient engines and gasoline engines is expected to supplement the growth of the turbocharger market during the forecast period.
ðŠð„ð˜ ð…ðˆððƒðˆðð†ð’ ðŽð… ð“ð‡ð„ ð’ð“ð”ðƒð˜
By technology, the twin-turbo technology turbocharger generated the highest revenue in 2019.
By application, the light commercial vehicle segment was the highest revenue contributor in 2019.
By region, Europe contributed for the highest market share in 2019, followed by Asia-Pacific, North America, and LAMEA.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
ð†ðžð ð‚ð®ð¬ðð¨ð¦ð¢ð³ðžð ð‘ðžð©ð¨ð«ðð¬ ð°ð¢ðð¡ ð²ð¨ð®â€™ð«ðž ð‘ðžðªð®ð¢ð«ðžð¦ðžð§ðð¬: https://www.alliedmarketresearch.com/request-for-customization/1683
Based on region, Europe, followed by Asia-Pacific and North America, held the major share in 2019, garnering more than two-fifths of the global turbocharger market size. Rise in application of latest technology in automobiles drives the growth of the market in this region. Simultaneously, the region across Asia-Pacific would cite the fastest CAGR of 6.1% till 2027. This is due to increased production of vehicles in the province.
ð‚ð¡ðžðœð¤ ð¨ð®ð ð¦ð¨ð«ðž ð«ðžð¥ðšððžð ð¬ðð®ðð¢ðžð¬ ð©ð®ð›ð¥ð¢ð¬ð¡ðžð ð›ð² ð€ðŒð‘ ð‘ðžð¬ðžðšð«ðœð¡:
EV Charging Cable Market - https://www.alliedmarketresearch.com/ev-charging-cable-market-A08914
Car-as-a-Service Market - https://www.alliedmarketresearch.com/car-as-a-service-market-A12371
Vehicle-To-Grid (V2G) Market - https://www.alliedmarketresearch.com/vehicle-to-grid-v2g-market-A08446
Self-Driving Bus Market - https://www.alliedmarketresearch.com/self-driving-bus-market
David Correa
Allied Market Research
+ 18007925285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other
