July 6, 2018

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Automotive turbochargers industry emerging as a lucrative hub for investors, Environmental concerns to spark the market growth over 2018-2024

In an era where sustainability trends are paramount, the world has witnessed an extraordinary transit in global automotive turbochargers market since the last few years. Turbochargers have in fact brought significant transformation in automobiles by downsizing engines to improve fuel efficiency by as much as 20% to 40% in gas and diesel vehicles respectively. Given the high environmental aspects associated with the automotive industry, turbochargers have gained considerable traction as an essential auto part. The component moreover, has proven its worth in addressing the stringent regulatory norms over curbing CO2 emissions as well as the demand for fuel-efficient vehicles for consumers – a factor further complementing turbocharging to be known as a green technology.

Automotive turbochargers industry