Description
The Global Automotive Turbocharger Market will grow at a CAGR of10.2%, from USD 11.8 billion in 2020 to USD19.2 billion in 2027. Strict release of norms and rising acceptance of TGDI (Turbocharged Gasoline Direct Injection) technology will force the automotive turbocharger market.
The acceptance of Turbocharged Gasoline Direct Injection (TGDI) technology has risen from 7% in 2012 to 20% in 2017. China, the US, and Europe are the main countries that adopt this technology. China’s automobile sales will surpass 24 million units in 2021, more than 60% of which will be equipped with TGDI. In North America, according to HIS—noted a dominating source for US country automotive registration data, in 2016, 25.5 million passenger cars with this latest technology 2016. It is predicted that by 2024, it will produce 8 out of 10 cars in North America that will be TGDI equipped. In Europe, TGDI technology increased from 10% in 2009 to 38% in 2014, as reported by ICCT. In South America, TGDI technology is expected to grow from 0.04 million units in 2016 to 0.8 million units in 2023.
