April 21, 2022 08:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., April 21, 2022 (GLOBE NEWSWIRE) -- The global compressor wheel market is projected to expand at a CAGR of 3.78% during the forecast period of 2021 to 2031, according to analysts at Transparency Market Research (TMR).
People today are inclining more toward the use of vehicles that offer superior power output together with stringent emission limits. As a result, automakers from across the globe are increasing focus on the installation of automotive turbochargers in their vehicles. This factor is projected to boost sales of compressor wheels.
The demand for vehicles is increasing across the globe globally owing to reduced tax rates on vehicles. This factor is leading to revenue-generation opportunities in the market for compressor wheels.
Major enterprises operating in the global compressor wheel market are using strategies such as mergers and acquisitions in order to stay ahead of the competition. In addition, several companies in the global compressor wheel market are increasing focus on boosting their production capabilities in titanium compressor wheels, as these products are being gaining traction due to their ability to provide superior strength-to-thickness ratio, notes TMR report.
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Compressor Wheel Market: Key Findings
How Compressor Wheel Market will recover after covid19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=74304
Compressor Wheel Market: Growth Boosters
Compressor Wheel Market: Regional Analysis
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Compressor Wheel Market: Key Players
Some of the key players profiled in the report are:
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