Automotive Turbocharger Market Dynamics Trends: Growth Rate - BorgWarner, Cummins, Federal-Mogul, Honeywell, Linamar, Mitsubishi Heavy Industries
Automotive turbocharger market for Variable geometry turbocharger will grow considerable at around 8% CAGR over the projected timeframe owing to benefits offered compared to the other counterparts. The ability to significantly alter the aspect ratio depending on the engine requirement is further supporting the segment share over the study timeframe. Further, the combination of multiple pressure ratios at defined engine speeds supporting in improved acceleration positively influences the product adoption till 2024.
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