Automotive Turbocharger Market The global automotive turbocharger market is projected to reach USD 16.6 billion in 2023, with expectations to expand to USD 41.5 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 9.6% over the forecast period. Turbochargers are essential for enhancing engine efficiency by compressing intake air, which improves …
Tag Archives: Automotive Turbocharger Market DEmadn
Automotive Turbocharger Market Set to Hit USD 41.5 Billion by 2033, Growing at a 9.6% CAGR | FMI Reports
Automotive Turbocharger Market The global automotive turbocharger market is projected to reach USD 16.6 billion in 2023 and is expected to grow to USD 41.5 billion by 2033, with an anticipated CAGR of 9.6% throughout the forecast period. Turbochargers enhance engine efficiency by compressing intake air, improving combustion and power production. This is especially crucial as governments worldwide enforce stringent emission standards, encouraging …