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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. Incorporated Get Access to Report Sample@
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