9.1% CAGR for Automotive Turbochargers Market to Remain Dormant in Near Term, Projects Market.us
The global automotive turbochargers market was valued at USD 16.44 billion in 2021. In addition, the growth momentum is expected to accelerate at a CAGR of 9.1% during the forecast period. The increasing demand for fuel-efficient and powerful vehicles is one of the major factors driving the growth of the automotive turbochargers market. Rapid industrialization and urbanization in developing countries are also some of the key factors fueling the growth of this market. Stringent emission norms imposed by various governments worldwide are further expected to drive the market growth over the coming years. Perfect your plan with our report here…
- Date: November 14, 2022
- Author: Thomas Bretz
- Category: Taiwan News