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Global Automotive Turbocharger Market

Global Automotive Turbocharger Market

Automotive Turbocharger Market
Many car manufacturers consider turbochargers to be a viable option to keep fossil fuel engines cleaner, thus, increasing the share of turbocharged vehicles every year. At the current pace, about half of the cars rolling out of production are expected to be turbocharged by 2022; thereby, influencing the automakers and the tier 1 suppliers to introduce more technologically advanced products. The market for turbochargers is estimated to reach USD 10 billion by 2018.

Recently, Honeywell introduced Variable Nozzle Technology turbocharger, which is an advanced variable geometry turbocharger. With its advanced valve design, the turbocharger offers better performance at, both, high and low-speed conditions. Moreover, the company has launched a two-stage diesel engine turbocharger with, both, variable geometry and wastegate technology, in order to enhance the performance, and reduce emissions from the engine.

CLEANER DIESEL ENGINES

Automotive emission regulation is the major factor that is fuelling the introduction of cleaner and low-emission vehicles among automakers. Turbocharger is the component that is forcing car industry to make engines compliant to the stringent emission standards. The emission regulation authorities, who focus on cutting down the CO2 emission, are replacing existing naturally aspirated engines with turbocharged engines. Though other technologies, such as EGC, SCR, etc., are focussing on emission reduction, the emission standards are getting tougher generation after generation, thus, forcing carmakers to opt for turbocharged engines. The dependence of transportation industry on diesel engines, especially for heavy-duty performances, is a primary driver for the turbocharger market.

INCREASING ALTERNATIVE ENERGY VEHICLES

The electric vehicles, which were considered as an impractical alternative to the fossil fuel engines, are witnessing a global demand. These vehicles registered almost 20,000 sales in 2012 and are expected to reach one million in 2017. The growing electric vehicle industry is a great threat to the fossil fuel-based power generators and the dependent automotive turbochargers market. Moreover, governmental incentives, taken for the electric vehicles, are helping auto industry in their shift from combustion engines to electricity powered vehicles. Though electric vehicles are not a viable alternative to the heavy duty vehicles, the shift in the passenger and light commercial vehicle segment is expected to witness a considerable growth in the turbochargers market.

GEOGRAPHICAL SCENARIO

Emission Regulation is the major factor, which is driving the turbocharger market. Though most of the countries are concerned about the environmental effects of the automotive emissions, regions like Europe and North America are focusing on emission regulations.

The Euro standards are considered to be the toughest and are followed in countries such as China, and India. These stringent Euro standards are the reasons for vehicles, in the European region, to be turbocharged. Almost every 2 out of 3 vehicles in Europe are turbocharged and is expected to be 3 out of every 4, by 2022. China, owing to its overriding environmental concerns, is poised to be the fastest growing market for turbochargers, followed by India. The global automotive turbocharger market is anticipated to register a CAGR of 9%, during 2017-2022 (the forecast period).

COMPETITIVE LANDSCAPE

Major Market Players, Associated with Car Manufacturing, in the Automotive Turbocharger Market Include:

Honeywell
BorgWarner
IHI CSI
Many established manufacturers are planning to cease the production of naturally aspirated engines, thus creating an opportunity for the turbo system industry.

Most of the combustion engines from companies such as BMW, Mercedes, and Porsche, etc. are already turbocharged and the number is expected to increase, during 2017-2022 (the forecast period).

Questions Answered in the Report:

How will the increasing electric vehicle market effect the automotive turbocharger market?
What are the effects of turbochargers on vehicle emissions?
How will the environmental concerns of major markets affect the turbocharger market?
Which manufacturers are preparing to tap the opportunity?
Which is the latest turbocharger trend dominating the market?


1. INTRODUCTION
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND TECHNOLOGY TRENDS
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the industry
5. MARKET DYNAMICS
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.4 Latest Technological Developments
6. GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY ENGINE TYPE (Growth, Innovations, and Feasibility of Sensor type)
6.1 Diesel Engine
6.2 Gasoline Engine
7. GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY END CONSUMERS (Growth, Trends, and Durability)
7.1 OEMs
7.2 Aftermarket
8. GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY VEHICLE TYPE
8.1 Passenger Vehicles
8.2 Commercial Vehicles
8.3 Others
9. GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY GEOGRAPHY
9.1 North America (NA)
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.2 Europe (EU)
9.2.1 Introduction
9.2.2 U.K.
9.2.3 France
9.2.4 Germany
9.2.5 Russia
9.2.6 Italy
9.2.7 Rest of Europe
9.3 Asia-Pacific (APAC)
9.3.1 Introduction
9.3.2 China
9.3.3 Japan
9.3.4 India
9.3.5 Australia
9.3.6 South Korea
9.3.7 Rest of Asia-Pacific
9.4 The Middle East and Africa (MEA)
9.4.1 Introduction
9.4.2 South Africa
9.4.3 Saudi Arabia
9.4.4 UAE
9.4.5 Rest of the MEA
9.5 Latin America
9.5.1 Introduction
9.5.2 Brazil
9.5.3 Argentina
9.5.4 Mexico
9.5.5 Rest of Latin America
10. COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key players
11. KEY VENDOR ANALYSIS
11.1 BorgWarner
11.2 Continental
11.3 Cummins
11.4 Delphi
11.5 Garnett Technologies
11.6 Honeywell
11.7 IHI
11.8 Magnum Performance Turbos
11.9 Mitsubishi Heavy Industries
11.10 Precision Turbo and Engine
11.11 Schaeffler
11.12 Turbo Engineering
11.13 Turbonetics
11.14 Visteon Corp
12. FUTURE AND INVESTMENT OUTLOOK
13. DISCLAIMER

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