North America Automotive Turbochargers Market Outlook

the north american automotive turbochargers market is poised to gain significant traction, during the forecast period 2018 to 2032. increasing fuel efficiency requirements coupled with rising consumer spending are estimated to fuel the innovations in turbocharger technologies in the region. emerging technologies such as low-friction turbochargers, low-noise turbochargers, all-electric turbochargers, and variable nozzle turbine are emerging in the market. furthermore, rising environment-friendly regulations have kept the demand for highly efficient turbochargers increasing, thus resulting in an increase in the demand for technologically advanced turbochargers. high performance and affordable turbochargers are driving the market. high-performance turbochargers provide enhanced engine performance in terms of power, torque, and fuel efficiency, which enables engines to attain higher power outputs at lower engine speeds. cost-effective turbochargers are designed to reduce the cost of install and manage as compared to other power enhancement options. growing prevalence of small engine segment in the automobiles across the north american region, is estimated to drive the use of turbochargers, during the forecast period. moreover, the powertrains market in the region is expected to shift away from the traditional gasoline and diesel engines to the more compact, fuel-efficient engines such as turbocharged or electric motors. this shift is estimated to drive the demand for turbochargers in the region. additionally, oems have also started to identify the importance of turbochargers and several oems have started to opt for african american turbochargers in their engine architecture. therefore, with the proliferation of next-generation powertrains, the demand for efficient and advanced turbochargers is anticipated to continue to grow over the forecast period. increasing adoption of turbocharged engines in pick-up trucks is also one of the key factors driving the market growth. furthermore, growing inclination towards passenger cars and commercial vehicles with turbochargers is likely to further bolster the demand for turbochargers in the coming years. given the discussed factors, the north american automotive turbochargers market is anticipated to be driven by increasing consumer spending and stringent emission standards, over the forecast period.