Automotive Turbocharger Market Size, Share, Growth, Forecast
The global automotive turbocharger market was estimated at USD 12 Billion in 2021 and is likely to grow at a CAGR of 10.44% from 2022-2028 to reach USD 24.28 Billion in 2028. A turbocharger is a device used in automotive engines to increase power output by forcing more air into the combustion chamber. This increased air supply allows more fuel to be burned, resulting in greater power production without the need for a larger engine.