Automotive Turbocharger Market Trends And Opportunities Details Shared In Report 2021-2031
Automotive Turbocharger Market: Introduction According to the report, the global automotive turbocharger market is projected to surpass US$ 23.28 Bn by 2031, expanding at a CAGR of 7.6% during the forecast period. Turbochargers were first introduced for diesel engines to deliver higher-power output, lower emissions, and increase fuel efficiency, as diesel engines were generally utilized in commercial vehicles. After gaining importance in diesel engines, turbochargers are also being preferred to increase the efficiency of gasoline engines. The rise in demand for more powerful and fuel-efficient gasoline-powered vehicles is likely to boost the demand for turbochargers. This factor is likely to have a positive impact in the global automotive turbochargers market during the forecast period. Countries in Asia Pacific, such as India, China, and Japan, are expected to be major contributors to the global turbocharged gasoline engines market. For instance, in India, TATA Motors introduced