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Automotive Turbocharger Market Growth Analysis & Forecast Report | 2023-2032

In terms of fuel, the demand for diesel-powered automotive turbochargers is anticipated to rise exponentially owing to the increasing sales of heavy-duty and construction vehicles. Besides, mounting demand for lightweight commercial diesel-powered vehicles will add impetus to the segmental expansion between 2023 and 2032.

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Automotive Turbocharger Market Growth Analysis & Forecast Report | 2023-2032

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  1. Automotive Turbocharger Market Growth Potential & Forecast, 2032

  2. Industry Insights • Automotive Turbocharger Market is projected to cross USD 38 Bn by 2032. Automotive Turbocharger Market is slated to grow exponentially through 2032 owing to the rising demand for weight reduction in the transportation sector and improved power generation. Automotive turbochargers help improve overall efficiency and increase performance, which is expected to accelerate market expansion in the coming years. • In addition, the rising popularity of engine downsizing, which is considered to be the best way of enhancing fuel efficiency in an internal combustion engine through reducing the frictional losses and weight, will further enhance the market outlook throughout 2023-2032.

  3. Considering the vehicle, the LCV (Light Commercial Vehicles) segment is slated to be valued at over USD 4 billion in 2022. The growth can be ascribed to the rising demand for turbocharger technology in LCVs due to its several benefits, including maximized drivability, cost-effective emissions, and improved fuel efficiency. Besides, the rising demand for light commercial vehicles through online platforms is further slated to augment the market landscape. • In terms of fuel, the demand for diesel-powered automotive turbochargers is anticipated to rise exponentially owing to the increasing sales of heavy-duty and construction vehicles. Besides, mounting demand for lightweight commercial diesel-powered vehicles will add impetus to the segmental expansion between 2023 and 2032.

  4. Regional Analysis • Considering the regional perspective, the Asia Pacific automotive turbocharger industry held over 40% market share in 2022 and is slated to grow considerably during the estimated timeframe. The growth can be credited to rapid economic development, ongoing urbanization, and digitalization across countries such as China, India, Japan, and South Korea. Besides, the rising consumer inclination towards advanced automotive technologies and hefty investments in integrating conventional diesel/gasoline-powered engines with turbochargers will fuel the market growth across the region between 2023 and 2032. • Competitive Analysis • Magnum Performance Turbos, Mazda,Mitsubishi Heavy Industries, Nissan, Precision Turbo & Engine, Rotomaster, The Turbo Engineers GmBH, Toyota (Includes Lexus), Turbo Energy Private Limited, Turbonetics, Inc., Volkswagen, Zage Turbo.

  5. Automotive Turbocharger Market  @ https://www.gminsights.com/industry-analysis/automotive-turbocharger-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2463 Request for customization: https://www.gminsights.com/roc/2463

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