Automotive Turbocharger Market Players Are Developing E-Turbos For Additional Performance Benefits

Automotive Turbocharger Market Report 2022: Market Size, Trends and Forecast to 2026

The Business Research Company Global Automotive Turbocharger Market Report 2022: Market Size, Trends and Forecast to 2026

LONDON, GREATER LONDON, UNITED KINGDOM, May 12, 2022 /EINPresswire.com/ — Companies in the automotive turbocharger market are focused on the development of electric turbochargers for applications in light and commercial vehicles, in all fuels such as gasoline, diesel, and natural gas (CNG). The automotive turbocharger market overview shows that electrically assisted turbochargers can be used not only to drive the turbocharger shaft, but also to break the vehicle. For example, in 2021, Swiss turbocharger company Garrett Motion was developing electric turbochargers (e-turbos) to eliminate turbo lag while adding additional performance benefits. The turbocharger delivers greater power and efficiency gains, stays cooler and improves engine responsiveness while contributing to an almost 20% reduction in NOx emissions.

Rising demand for passenger cars is driving the growth of the automotive turbocharger market. Turbocharged engines generally have greater power density and high fuel efficiency, while allowing for more horsepower and torque. According to the Automotive Turbochargers Market Research, rising purchasing power and low interest rates in developing economies, along with consumer preference for personal mobility, are expected to drive the demand for passenger cars , thereby increasing the demand for automotive turbochargers. For example, the global passenger car market is expected to grow from $1,321.7 billion in 2020 to $1,988.7 billion by 2025.

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The global automotive turbocharger market size is expected to grow from USD 12.23 billion in 2021 to USD 13.14 billion in 2022 at a compound annual growth rate (CAGR) of 7.41%. The growth of the market is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and business closures. activities that have resulted in operational difficulties. The global automotive turbocharger market size is expected to reach USD 17.78 billion in 2026 with a CAGR of 7.85%.

Major Players Covered in Global Automotive Turbocharger Industry are Honeywell, BorgWarner, Mitsubishi Heavy Industries, Ltd., IHI, Continental, Bosch, Mahle, Cummins, Delphi Technologies, Precision Turbo & Engine, INC, Turbonetics, Turbo International, ABB Turbo Systems Ltd. ., TEL, Rotomaster International, Fuyuan Turbocharger Co., Ltd. and Hunan Tyen Machinery Co., Ltd.

The global Automotive Turbocharger market report by TBRC is segmented by Vehicle Type into PCV, LCV, HCV, by Technology into VGT/VNT, Wastegate, Bi-Turbo, by Sales Channel into OEM, Aftermarket, by fuel type gasoline, diesel.

Global Automotive Turbocharger Market Report 2022 – By Vehicle Type (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin-Turbo), By Sales Channel (OEM, Aftermarket), By Type Fuel (Gasoline, Diesel) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides automotive turbocharger market overview, forecasts market size and growth Automotive Turbochargers Market Overall, Automotive Turbochargers Market Segments, Geographies, Automotive Turbochargers Market Trends, Automotive Turbochargers Market Drivers, Constraints, Revenue, Profiles and Share market of the main competitors.

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