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Showing posts with the label global automotive turbochargers market report

Automotive Turbochargers Market Analysis Report 2016-2024

Growing sales of automobiles across the globe specifically in developing countries along with strict vehicular emission regulation and fuel efficiency has significantly pushed the automakers to provide their vehicles with fuel-efficient engines. With rising numbers of turbocharged vehicles around the world (75% in Europe and somewhere around 20% in the USA) turbocharged vehicles have significantly put manufacturers ahead of the strict emissions targets such as EURO6, Tier3 and LEVIII. Honeywell, BorgWarner and Cummins are the global leaders in turbocharger technology - working with nearly every major automaker and truck manufacturer across the globe. Huge investment has been made in turbocharger technology by the major OEMs because of the rapidly cumulative uptake of turbo technology by auto manufacturers. Turbocharged vehicles are expected to witness around 38% of new vehicle registrations by 2021 in the United States, and over 90% new registrations in Europe and 50% in Australia a...