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Global Turbocharger Market for Commercial Vehicles 2016-2020

Global Turbocharger Market for Commercial Vehicles 2016-2020

About Turbocharger

A turbocharger increases the power efficiency of vehicles. The other advantages of using turbochargers in vehicles are increased power output, high power to weight ratio, efficiency, and reduction in engine weight. Three key technologies are involved in turbocharging: waste gate turbo used in commercial vehicles, twin turbo, and variable geometry turbo widely used in passenger cars.

Technavio’s analysts forecast the global turbocharger market for commercial vehicles to grow at a CAGR of 8.36% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global turbocharger market for commercial vehicles for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Turbocharger Market for Commercial Vehicles 2016-2020, 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 Turbo Technologies
  • Honeywell
  • Ishikawajima-Harima Heavy Industries
  • Mitsubishi Heavy Industries
Other prominent vendors
  • Bosch Mahle Turbo Systems
  • Gale Banks Engineering
  • Magnum Performance Turbos
  • Precision Turbo and Engine
  • Turbo Energy
Market driver
  • Growing demand for low emission vehicles.
  • For a full, detailed list, view our report
Market challenge
  • Technology advancements required in cooling systems.
  • For a full, detailed list, view our report
Market trend
  • Rapid adoption of sequential twin-turbo technology.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Turbocharger Market for Commercial Vehicles 2016-2020

Technavio recognizes the following companies as the key players in the global turbocharger market for commercial vehicles: BorgWarner, Cummins Turbo Technologies, Honeywell, Ishikawajima-Harima Heavy Industries, and Mitsubishi Heavy Industries.

Other Prominent Vendors in the market are: Bosch Mahle Turbo Systems, Gale Banks Engineering, Magnum Performance Turbos, Precision Turbo and Engine, and Turbo Energy.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rapid adoption of sequential twin-turbo technology. With the continuous development of heavy-duty diesel engines, the requirement of turbocharging systems to complement with diesel engines is increasing. The sequential turbocharging system is an effective measure to improve the fuel economy performance and to reduce smoke emission at low speed. The commercial vehicle arm of Volkswagen Group MAN uses twin sequential turbochargers in its D3876. This system reduces charge air temperatures below that of the engine coolant and also helps to reduce the temperature in the second turbocharger, increasing the service life of the components.”

According to the report, one driver in the market is growing demand for low emission vehicles. Trucks account for about 30% of CO2 emissions from road transport in Europe, even though they make up less than 5% of the total road traffic. In 2014, reported emissions from HCVs were 13% above 1990 levels. The EU is implementing stricter rules across all sectors of the economy to control GHG emissions. The EU has to specifically focus on HCVs and the road freight sector to achieve this goal. By 2019, the EU proposes to lay down the EU-wide legal CO2 standard for trucks and buses. In the US, HCVs are the second largest segment and collectively contribute the highest emissions and energy use in the US transportation sector. HCVs at present account for about 20% of GHG emissions and oil use in the US transportation sector. Globally, GHG emissions from heavy-duty vehicles are growing rapidly and are anticipated to exceed emissions from passenger vehicles by 2030.

Further, the report states that one challenge in the market is development of hybrid and electric commercial vehicles. The global demand for light GHG emission trucks has pushed OEMs to provide environmental friendly commercial vehicles. There is a gradual shift in the commercial vehicles industry from the use of fossil fuel to zero emission trucks. A Japanese manufacturer introduced hybrid commercial vehicle Hino300 series in the US, Europe, and Australia. Hino had an alliance with Toyota Motors for the manufacturing of hybrid vehicles. Hino is the market leader in Australia in hybrid commercial vehicles and recently launched a new hybrid version 110kw/420Nm diesel engine, which has AMT transmission system. Hino Hybrid electric vehicle provides 25% cost reduction in fuel, 30% idle time reduction, and 10% daily mileage reduction.



Companies Mentioned

BorgWarner, Cummins Turbo Technologies, Honeywell, Ishikawajima-Harima Heavy Industries, Mitsubishi Heavy Industries, Bosch Mahle Turbo Systems, Gale Banks Engineering, Magnum Performance Turbos, Precision Turbo and Engine, Turbo Energy.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global turbocharger market segmentation
    • Market size and forecast
      • Table Global turbocharger market for commercial vehicles 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global turbocharger market by application
      • Table Global turbocharger market by application
    • Market size and forecast
      • Table Global turbocharger market by application 2015-2020 (millions of units)
      • Table Global turbocharger market by application (% share)
    • Global turbocharger market for LCVs
      • Table Global turbocharger market for LCVs 2015-2020 (millions of units)
    • Global turbocharger market for MCVs
      • Table Global turbocharger market for MCVs 2015-2020 (millions of units)
    • Global turbocharger market for HCVs
      • Table Global turbocharger market for HCVs 2015-2020 (millions of units)
  • Geographical segmentation
    • Market overview
      • Table Global turbocharger market for commercial vehicles by geography 2015 (% share)
      • Table Global turbocharger market for commercial vehicles by geography 2015-2020 (millions of units)
    • Turbocharger market for commercial vehicles in EMEA
      • Table Turbocharger market for commercial vehicles in EMEA 2015-2020 (millions of units)
      • Table Turbocharger market for commercial vehicles in EMEA 2015 (% share)
    • Turbocharger market for commercial vehicles in Americas
      • Table Turbocharger market for commercial vehicles in Americas 2015-2020 (millions of units)
      • Table Turbocharger market for commercial vehicles in Americas 2015 (% share)
    • Turbocharger market for commercial vehicles in APAC
      • Table Turbocharger market for commercial vehicles in APAC 2015-2020 (millions of units)
      • Table Turbocharger market for commercial vehicles in APAC 2015 (% share)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Increase in downsizing of commercial vehicles
    • Growing demand for low emission vehicles
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Major players in global turbocharger market
    • Other prominent vendors
  • Key vendor analysis
    • BorgWarner
      • Table BorgWarner geographical segmentation based on sales 2016
      • Table BorgWarner business segmentation 2015
    • Cummins Turbo Technologies
      • Table Cummins Turbo Technologies business segmentation by revenue 2015
      • Table Cummins Turbo Technologies geographical segmentation 2015
    • Honeywell
      • Table Honeywell business segmentation by revenue 2015
      • Table Honeywell geographical segmentation 2015
    • Ishikawajima-Harima Heavy Industries (IHI)
      • Table IHI geographical segmentation 2015
      • Table IHI business segmentation by revenue
    • Mitsubishi Heavy Industries (MHI)
      • Table IHI business segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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