Report ID: SQMIG25C2078
Report ID:
SQMIG25C2078 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
63 |
Figures:
77
In the global market for turbochargers, Europe has the biggest market share. The top car brands in the world have historically been based in European nations like Germany, France, Italy, and Spain. As a result, the region now controls the market as a whole and is anticipated to experience rapid growth over the forecast period. The need for turbochargers has increased as a result of the expansion of commercial vehicles in this area. By 2030, it is anticipated to grow at a CAGR of 6.4% to reach USD 20,975 million.
The turbocharger market in Asia-Pacific is anticipated to grow at the highest CAGR, 9.8%, and reach a value of USD 5,840 million by 2030. Numerous industries are booming in this area as a result of the strong industrialization and urbanization. among them is the automobile industry. The market for turbochargers in this area is boosted by the rising demand for automobiles as a result of the expanding population. Due to the shift in manufacturing priorities brought about by low labor and material costs, the region now has a significant presence from top automakers, which has boosted the region's production, sales, and export of cars as well as the demand for turbochargers.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25C2078