The report provides a qualitative and quantitative analysis of the current turbocharger market trends, forecasts, and market size from 2020 to 2027

PORTLAND , OREGON, UNITED STATES, October 20, 2020 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global turbocharger market garnered $16.13 billion in 2019, and is expected to reach $24.23 billion by 2027, witnessing a CAGR of 5.3% from 2020 to 2027. The report provides a comprehensive analysis of key market trends, driving factors & opportunities, major segments, value chain, product portfolio, and competitive landscape.

Download Report Sample (309 Pages PDF with Insights, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/1683

An increase in engine performance and fuel efficiency, government regulations, and engine downsizing to lower down the vehicle weight drive the growth of the global turbocharger market. However, excess rise in engine temperature due to overheating issues restrains the market growth. On the other hand, an increase in demand for fuel-efficient engines and gasoline engines open up new pathways in the coming years.

Based on technology, the twin-turbo technology segment accounted for the largest share in 2019, contributing to more than two-fifths of the total revenue, and is expected to maintain its dominant share during the forecast period. However, the variable geometry technology segment is expected to witness the highest CAGR of 6.0% from 2020 to 2027. The research also discusses the wastegate technology segment.

Get detailed Pre & Post COVID-19 impact analysis on the Turbocharger Market : Request Here!

Based on application, the light commercial vehicle segment contributed to the largest share in 2019, holding more than one-fourth of the total market share, and is estimated to continue its highest share throughout the forecast period. However, the ships and aircrafts segment is projected to witness the highest CAGR of 6.5% during the forecast period.

Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/1683

Based on material, the aluminum segment held the highest share in the global turbocharger market in 2019, contributing to three-fourths of the total market share, and is expected to maintain its dominant position during the forecast period. Moreover, this segment is estimated to garner the highest CAGR of 5.5% from 2020 to 2027. The research also analyzes the cast iron segment.

Based on the region, Asia-Pacific is expected to register the highest CAGR of 6.1% during the forecast period. However, Europe held the highest market share, accounting for more than two-fifths of the total share in 2019, and will maintain its highest contribution during the forecast period.

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/1683

Leading players of the global turbocharger market analyzed in the research are BorgWarner Inc., Cummins Inc., Continental AG, Honeywell International Corporation, EATON Corporation, Mitsubishi Heavy Industries, IHI Corporation, Rotomaster International, Precision Turbo & Engine, and Turbo Dynamics Ltd. and others.

Highlights of the Report
1. Competitive landscape of the turbocharger Market.
2. Revenue generated by each segment of the turbocharger market by 2027.
3. Factors expected to drive and create new opportunities in the turbocharger industry.
4. Strategies to gain sustainable growth of the market.
5. Region that would create lucrative business opportunities during the forecast period.
6. Top impacting factors of the turbocharger market.

Similar Reports We Have:

Railway Traction Motor Market
https://www.alliedmarketresearch.com/railway-traction-motor-market

Automotive Motors Market
https://www.alliedmarketresearch.com/automotive-motors-market

Automotive 48V System Market
https://www.alliedmarketresearch.com/automotive-48v-system-market-A06636

Railway System Market
https://www.alliedmarketresearch.com/railway-system-market-A05987

Transmission Control System Market
https://www.alliedmarketresearch.com/transmission-control-system-market-A05983

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Avenue.! An Online Subscription Based Library of Reports - Allied Market Research