Infinium Global Research Automotive Turbochargers Market | Page 8

Automotive Turbochargers Market Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The market size of automotive turbo chargers is determined based on the top
down approach. The market size is validated using primary interview with the
participants working in some of the leading players in the automotive turbo
chargers market. The primary interview participants typically includes managers
and CXO level executives of the leading players in this market. The primary
interviews not only help identify the market size of the Automotive turbo chargers
market but also identify the factors that promote the growth in the market and the
factors that restrain the growth in this market. The views of primary respondents
were reconciled to provide qualitative analysis of the automotive turbo chargers
market. The primary respondents also help identifying top 5-10 players and their
possible market share in the respective country markets and in world market. The
bottom-up approach is used to validate the global market size of automotive
turbochargers. With the help of primary interviews and secondary research the
market size of automotive turbochargers is determined for each country studied,
which then is added to arrive at regional market size and t hereby obtaining global
market size. This in turn helps us to validate the market size of automotive
turbochargers in the world market.
EXECUTIVE SUMMARY
GLOBAL AUTOMOTIVE TURBOCHARGERS MARKET HIGHLIGHTS, (USD MILLION)
The global automotive turbochargers market was worth USD xxx.x million in 2016
and it is projected to reach USD XXX.X million in 2023, expanding at a CAGR of 9.5%
between 2017 and 2023. The global automotive turbochargers market is driven by
the factors such as rising stringency in emission & fuel efficiency regulations and
engine downsizing. However, increasing demand for electric vehicles is the key
restraining factor affecting the growth in this market over the forecast period.
Asia-Pacific dominates the world automotive turbochargers market in terms of
dollar share, and it is anticipated to grow at a CAGR higher than other regions over
the forecast period. The growth in the Asia-Pacific region is primarily driven by
emerging economies such as India, China and Indonesia.
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