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Global Automotive Variable Geometry Turbocharger Market 2017-2021

Global Automotive Variable Geometry Turbocharger Market 2017-2021

About Automotive VGT

An automotive turbocharger is a component that helps the engine to produce additional power and improves the overall performance of the vehicle. The turbocharger has two components: turbine and compressor. It uses the exhaust air that is released after fuel and air combustion in a vehicle combustion chamber. When this exhaust air strikes the turbine blades, it causes the turbine to rotate providing intake air in the turbocharger. A compressor connected to the turbine through a shaft sucks in this air and compresses the air using the centrifugal principle. The compressed air then passes through an air cooler and enters the intake manifold of the engine. The compressed air allows the engine to burn fuel at a high volume and completely, thus improving fuel efficiency and producing more power. Automotive turbochargers help to boost engine power by increasing the intake of air in the combustion chamber, which translates into higher volumetric efficiency during the combustion process. For instance, a four-cylinder engine fitted with a turbocharger can produce the same power as a six-cylinder engine. There are three key technologies in turbocharging: wastegate turbo, which is mostly used in commercial vehicles; twin turbo; and variable geometry turbocharger (VGT), which is mostly used in passenger vehicles.

Technavio’s analysts forecast the global automotive VGT market to grow at a CAGR of 21.49% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive VGT market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive VGTs.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive VGT Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BorgWarner
  • Cummins
  • Honeywell International
  • IHI
  • Mitsubishi Heavy Industries
Other prominent vendors
  • ABB
  • NOPORViS
Market driver
  • Fuel economy benefits and increased environmental awareness to drive VGT market
  • For a full, detailed list, view our report
Market challenge
  • Design complications and use of complex high-grade materials
  • For a full, detailed list, view our report
Market trend
  • Rising adoption of two-stage turbocharging technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive VGT Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive VGT market: BorgWarner, Cummins, Honeywell International, IHI, and Mitsubishi Heavy Industries

Other Prominent Vendors in the market are: ABB and NOPORViS

Commenting on the report, an analyst from Technavio’s team said: “Consumers worldwide are purchasing diesel vehicles as they are becoming more aware of the fuel efficiency of these vehicles. Diesel vehicles are 25%-30% more fuel-efficient than gasoline vehicles. Most of the modern diesel engines sold by OEMs are turbocharged. The demand for turbo diesel applications is increasing in the global market owing to the stringent emission norms that are necessitating OEMs to produce fuel-efficient vehicles. For instance, the new federal fuel efficiency standards in the US expect an average mileage requirement of 54.5 miles per gallon by 2025. This will likely help in driving the sales of diesel cars during the forecast period. In the US, the sales of passenger cars installed with turbo diesel engines are expected to increase by approximately 22% by 2020.”

According to the report, fuel prices have a huge impact on the demand and sale of automobiles. Therefore, consumers prefer fuel-efficient vehicles. The increased adoption of advanced technologies such as gasoline direct injection engines and turbochargers helps in boosting the fuel efficiency of vehicles. Therefore, consumers are opting for vehicles installed with turbochargers. Subsequently, OEMs are opting for fine tuning turbochargers to meet consumers' demands.

Further, the report states that modern passenger car applications require small turbochargers that are not more than 55 mm in turbine wheel diameter. Performance enthusiasts need more power production and require resistance to vibrations and abusive thrust loads. However, high-performance turbochargers need versatile, lightweight, and compact designs that deliver high exhaust gas temperatures and respond quickly to requirements. Owing to the growing demand for compact and lightweight designs, high performance enthusiasts value appearance and integrated features. This reduces the need for extra turbo accessories.

Companies Mentioned

BorgWarner, Cummins, Honeywell International, IHI, Mitsubishi Heavy Industries, ABB and NOPORViS

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Turbine wheel
      • Table Compressor wheel with outer housing
      • Table Bearing shaft system
      • Table Actuators and speed sensors
      • Table Sliding nozzle type VGT operation
      • Table Operation of vanes in VGT
  • Market landscape
    • Market overview
      • Table Global automotive VGT market: Overview
    • Value chain analysis
      • Table Value chain representation of global automotive VGT market
      • Table Component suppliers in automotive VGT manufacturing
    • Market size and forecast
      • Table Global automotive VGT market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Global automotive VGT market by vehicle type
      • Table Global automotive VGT market by vehicle type 2016 and 2021 (% share)
      • Table Global automotive VGT market by vehicle type 2016-2021 (% share)
    • Global automotive VGT market by passenger vehicles
      • Table Global automotive VGT market by passenger vehicles 2016-2021 (millions of units)
      • Table Global passenger vehicle market 2016-2021 (millions of units)
    • Global automotive VGT market by commercial vehicles
      • Table Global automotive VGT market by commercial vehicles 2016-2021 (millions of units)
      • Table Global automotive VGT market by LCVs 2016-2021 (millions of units)
      • Table Global automotive VGT market by HCVs 2016-2021 (millions of units)
  • Geographical segmentation
    • Global automotive VGT market by geography
      • Table Global automotive VGT market by geography 2016 and 2021 (% share)
      • Table Global automotive VGT market by geography 2016-2021 (% share)
    • Automotive VGT market in EMEA
      • Table Automotive VGT market in EMEA 2016-2021 (millions of units)
      • Table Timeline of automobile regulatory framework in Europe
    • Automotive VGT market in APAC
      • Table Automotive VGT market in APAC 2016-2021 (millions of units)
    • Automotive VGT market in Americas
      • Table Automotive VGT market in Americas 2016-2021 (millions of units)
  • Key technical criteria
    • Table Key technical criteria of automotive turbochargers
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Motor vehicle sales in BRIC nations 2012-2021 (millions of units)
      • Table Global motor vehicle sales 2015-2021 (millions of units)
    • Market challenges
      • Table Annual emission comparison 2016
  • Market trends
    • Table Leading countries in diesel car sales 2015
  • Vendor landscape
    • Competitive scenario
      • Table Global automotive VGT market vendors
      • Table Leading vendors in global automotive VGT market
    • Market share analysis
      • Table Global automotive VGT market 2015 (% share)
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Cummins
      • Table Cummins: Business segmentation by revenue 2015 (% share)
      • Table Cummins: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Recent developments
    • Honeywell International
      • Table Honeywell International: Business segmentation by revenue 2015 (% share)
      • Table Honeywell International: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Honeywell International: Geographical segmentation by revenue 2015 (% share)
      • Table Recent developments
    • MHI
      • Table MHI: Business segmentation by revenue 2016 (% share)
      • Table MHI: Business segmentation by revenue 2015 and 2016 ($ billions)
      • Table Key products offered in automotive segment
      • Table Recent developments
    • BorgWarner
      • Table BorgWarner: Business segmentation by revenue 2015 (% share)
      • Table BorgWarner: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table BorgWarner: Geographical segmentation by revenue 2015 (% share)
      • Table Recent developments
    • IHI
      • Table IHI: Business segmentation by revenue 2015 (% share)
      • Table IHI: Business segmentation comparison by revenue 2014-2015 and 2015-2016 ($ billions)
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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