November 7th,2022/Industry News Global/ -- This new report from Stratview Research analyzes the Automotive Turbocharger Market over the trend period from 2014 to 2019 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making

Automotive Turbocharger Market Overview: Automotive turbocharger market was estimated at USD 12 Billion in 2021 and is likely to grow at a CAGR of 10.44% from 2022-2028
to reach USD 24.28 Billion in 2028.

Key Players:
The key On-highway OEMs are-
• Daimler
• General Motors
• Toyota
• Nissan
• Ford

and the key off-highway OEMs are-

• Caterpillar
• Hitachi Construction Machinery
• Komatsu
• Hitachi Construction Machinery
• Hyundai Heavy Industries
• Volvo Construction Equipment.

The Automotive Turbocharger Market is segmented by–

• By Vehicle type (On-Highway Vehicles: Passenger Car, Light Duty Vehicle, Medium & Heavy Duty Vehicle, and Off-Highway Vehicles: Tractor and Construction Equipment),
• By Charger Type (Turbocharger and Supercharger),
• By Technology (VGT/VNT, Wastegate, and Twin Turbo),
• by Fuel Type (Gasoline and Diesel),
• By Region (North America, Europe, Asia-Pacific, and RoW)

Get access to deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/138/turbocharger-market.html#form

Segment Analysis

By Vehicle Type
The market is segmented as On-Highway Vehicles: Passenger Car, Light Duty Vehicle, Medium & Heavy Duty Vehicle, and Off-Highway Vehicles: Tractor and Construction Equipment. Passenger Car dominated the overall market with share of more than 58% in 2021.
By Fuel Type
The market is segmented as gasoline and diesel. Gasoline fuel type segment share more than over 49.5% in 2021 and is likely to expand at a CAGR nearly 8.5% over the forecast period.
By Technology Type
This market is segmented as VGT/VNT, Wastegate, and Twin Turbo. VGT / VNT is more efficient than traditional wastegate turbochargers and will continue to gain market share during the forecast period. VGT / VNT is well suited both for diesel as well as gasoline powered engines.

Regional analysis:
Asia-Pacific is likely to remain the largest market share of 11% CAGR for automotive turbochargers in the next five years, driven by demand in emerging economies, such as China and India. European market is likely to witness a market share of around 51.11% in 2021. This region owns the world's largest turbo diesel fleet and the highest turbocharger installation rates worldwide
.
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors , Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
For inquiries,
Contact:
Stratview Research
Email: sales@stratviewresearch.com
Direct: +1-313-307-4176