The Industry insights of
the “Global Automotive Turbocharger Market” Research Outlook 2027” help with the
successful launch of a new product. This market report efficiently collects,
analyses, and evaluates information about a product or service to be offered
for sale in that market. This market research report makes it easy to attain
customer demographics which form the core of any business. This report studies
Potential clients for the product or service and their characteristics,
spending habits, location, and needs of its target market.
According to the
report title, “Global Automotive Turbocharger Market, 2027”, publish by Actual Market
research, the automotive turbocharger market is anticipated to grow at a CAGR
of10.56% in value terms in the forecast period. To improve the overall
performance and efficiency of a vehicle’s engine, different types of
turbochargers are used in vehicles. According to the report, the turbocharger
market is segregated into three major technology type i.e. variable geometry turbocharger
(VGT), wastegate turbocharger and electric turbochargers. The Variable geometry
turbocharger is leading the market with more than 65%of value share and it is
expected to capture a higher market share in the forecast period. Follow by the
wastegate turbocharger technology. An electric turbocharger is used to
eliminate turbo lag and assist a normal turbocharger at lower engine speeds
where a conventional turbocharger is not more efficient. So the penetration of electric
turbochargers in vehicles is likely to increase in the future. By vehicle type,
the market is segmented into passenger and commercial vehicles. Passenger
vehicle is leading the market with more than 75% value share. Due to an
increase in production of passenger, light commercial and commercial vehicles,
it will allow the turbocharger market to grow at a faster rate in future.