Global Turbocharger Market is expected to reach $28.34 billion by 2027 growing at a CAGR 7.3% during 2018 to 2027.

Some of the key players in Turbocharger Market include Continental AG, Honeywell, Borgwarner, Mitsubishi Heavy Industries, IHI, Bmts Technology, Cummins, ABB, TEL, and Magnum Performance Turbos Inc.

Some of the key factors such as engine downsizing to reduce vehicle weight and government rules are driving the market growth. However, extreme rise in engine warmth owing to overheating problem in turbochargers is the restraining factors for the growth of the market.

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Turbochargers are used to get better an internal combustion engines (ICE) volumetric effectiveness by growing density of gas intake. The production of an inside combustion device is improved without growing its cylinder capability, with the help of a turbocharger. It is a centrifugal blower which produces high force air to improve the power of IC engines. The air enters and rotates the turbine, which marks in the dislocation of piston, through which, the torque & effectiveness of the machine is improved.

By off -highway vehicle, construction equipment segment is likely to have a huge demand as construction equipment production has witnessed substantial expansion, mostly in emerging economies such as India and China.

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On the basis of geography, Europe is going to have a lucrative growth during the forecast period as it is a most important supporter of the green car technologies with a number of key automobiles manufacturers set up in this section which includes Audi, Mercedes-Benz, and others. Europe is eyeing on fresh power transition and endorses the purpose of sustainable manufacturing machinery to decrease the mounting environmental concerns.

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Fuel Types Covered:
• Gasoline
• Diesel
• Alternate Fuel/Compressed Natural Gas (CNG)

Vehicle Types Covered:
• Light Commercial Vehicle (LCV)
• Passenger Cars
• Truck
• Bus
• Heavy Commercial Vehicle (HCV)
• Medium & Heavy Duty Vehicles
• Light-Duty Vehicles
• Two-Wheelers

Materials Covered:
• Aluminum
• Cast Iron

Technologies Covered:
• Wastegate Turbocharger
• Variable Twin Scroll Turbocharger
• Electric Turbocharger
• Double Axle Turbocharger
• Free-Floating Turbocharger
• Variable Geometry Turbocharger (VGT)/Variable Nozzle Turbocharger (VNT)
• Twin Turbocharger

Off -Highway Vehicles Covered:
• Construction Equipment
• Agriculture Tractor

Components Covered:
• Housing
• Compressor
• Turbine

Charger Types Covered:
• Supercharger
• Turbocharger

Applications Covered:
• Locomotives
• Ships & Aircrafts
• Agriculture & Construction
• Aerospace Defense
• Automotive
• Marine

End Users Covered:
• Replacement/Aftermarket
• Original Equipment Manufacturer (OEMs)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88955127