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Turbocharger Market Growing at 10.62% CAGR to 2031 Says a 2026 Mordor Intelligence Automotive Report
Globenewswire· 2026-01-27 07:57
Hyderabad, Jan. 27, 2026 (GLOBE NEWSWIRE) -- According to Mordor Intelligence, the automotive turbocharger market reached USD 12.30 billion in 2025 and is projected to grow from USD 13.61 billion in 2026 to USD 22.55 billion by 2031, registering a CAGR of 10.62% during the forecast period. Market growth is being driven by stricter emission standards, engine downsizing, and the growing shift toward hybrid powertrains as automakers seek higher efficiency and lower carbon output. Turbocharger manufacturers are ...