Market Trends

Turbocharger Market Overview: According to the World Economic Forum, globally, there will be an increase of twice the number of cars on road by 2040 which will equal two million figures. This data shows the inflating demand for cars in the global scenario, which will significantly increase the need for new sustainable vehicular devices such as turbochargers. Earlier these highly efficient turbochargers were used in motorsport vehicles manufacturing, however, it has gradually paved its way into the production of the commercial vehicle. With associated features such as high-charged internal combustion (IC) engines and economical yet cleaner outputs, turbochargers have gained a prominent place in the modern automotive sector. The global turbocharger market leveraged a revenue income of $16 billion in the year 2018. Racing cars incorporated with high-performing turbochargers generate greater horsepower without increasing the overall weight of the vehicle and boosts the gas mileage which is