Automotive Turbochargers - Global Strategic Business Report

Global Industry Analysts, Inc, November 2012, Pages: 239

This report analyzes the worldwide markets for Automotive Turbochargers in Thousand Units. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. A six-year historic analysis is also provided for these markets. The report profiles 18 companies including many key and niche players such as BorgWarner Inc., BorgWarner Turbo Systems GmbH, Cummins Turbo Technologies, IHI Corporation, IHI Turbo America Company, Mitsubishi Heavy Industries Ltd., Turbodyne Technologies, Inc., and Turbonetics Inc. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3

II. Executive Summary

1. INDUSTRY OVERVIEW II-1
A Primer II-1
Table 1: Global Market for Automotive Turbochargers (2010 &
2015): Percentage Share Breakdown of Unit Sales by Vehicle
Type (includes corresponding Graph/Chart) II-2

Table 2: Global Market for Automotive Turbochargers (2010 &
2015): Percentage Share Breakdown of Dollar Sales by Vehicle
Type (includes corresponding Graph/Chart) II-2
Trend Towards Engine Downsizing Turbo Charges Growth II-3
Table 3: Engine Downsizing Trend in the Select Regional
Markets (2008 & 2020) II-4
The Impact of 2007-2009 Recession in Retrospect II-4
Global Passenger Car Output II-5
Table 4: World Production of Passenger Cars by Geographic
Region in ‘000' Units for Years 2006 through 2009 (includes
corresponding Graph/Chart) II-5
Market Posts Recovery in 2010 II-6
Impact of the European Debt Crisis on the Domestic Automotive
Industry: A Review II-6
Unbridled Optimism about Future Prospects II-7
Outlook II-7
Europe Continues to be Primary Revenue Contributor II-8
North American Market to Display Exceptional Growth II-8
Developing Markets also to Lend Traction in the Short to
Medium Term Period II-8
Opportunity Indicators II-9
Table 5: World Production of Passenger Cars: Breakdown of
Production Figures in ‘000 Units for Years 2013, 2015 &
2017 (includes corresponding Graph/Chart) II-9
China & India: Emerge Tall Over the Horizon II-10
Key Market Trends II-10
Growing Focus on Fuel Efficiency to Drive Demand for
Automotive Turbochargers II-10
Turbocharged Gasoline Direct-injected Engine Set for Growth II-11
Dominance of State-of-the-art VNTs in Europe II-11
Turbos Gaining Relevance in Small Cars II-11
Gasoline Engines to Gain Momentum II-11
Innovation Spinning the Turbos II-12
Dual or Two-Stage Turbo Systems II-12
Variable Nozzle Turbochargers II-12
Electronically Driven Turbochargers II-13
Global Market Trends Favor Growth of Various Engine
Technologies II-13
Competition II-13
Major Players - A Strategic Insight II-13
Table 6: World Market for Automotive Turbochargers (2011):
Percentage Market Share Breakdown of Leading Players
(includes corresponding Graph/Chart) II-14

2. PRODUCT OVERVIEW II-15
Turbocharger II-15
Physical Definition II-15
Functional Definition II-15
Significance II-15
Enhances Efficiency and Air Control in a Combustion Engine II-15
Effective Utilization of Waste Energy II-15
Emission Control II-16
Optimum Action under Tough Conditions II-16
Application Insight II-16
A Glance at Optional Components Allied with Turbochargers II-16
Wastegate II-16
Blow-off valve (BOV) II-17
Ball Bearings II-17
Significance of Ceramic Ball Bearings in Turbochargers II-17
Intercoolers II-17
Pressure Sensors II-17
Ceramic Turbine Blades II-17
Silencer Ring II-17
Sequential Turbochargers II-18
Turbochargers - A Functional Overview II-18
Installation Aspect II-18
Cost Factor II-18
Common Causes of Failure & Recommendations II-19

3. TURBOCHARGER FACTS II-20
The Competing Substitute - Superchargers II-20
Turbochargers Vs Superchargers II-21
Head to Head Comparison II-21
The Best Alternative II-22
Purging Lag- Clearing the Hurdle II-22
A Brief Review of Innovative Technologies II-22
Variable Nozzle Turbine (VNT) Turbochargers II-22
Electronically Driven Turbochargers II-23

4. RECENT INDUSTRY ACTIVITY II-24
Honeywell Turbo Technologies to Establish Turbocharger
Manufacturing Plant in Wuhan II-24
Hyundai Motor Selects R2S® Turbocharging Technology of
BorgWarner for Commercial Diesel Engine II-24
Renault Selects BorgWarners BV38 VTG Turbochargers for Diesel
Engine II-24
Mercedes-Benz Selects R2S® Turbocharging Technology of
BorgWarner for Diesel Engine II-25
Ford Selects BorgWarner Turbocharging Technology for V6
EcoBoost Direct Injection Engine II-25
Mercedes-Benz Selects BorgWarner Turbochargers for Blue
Efficiency Power Engine II-25
Honeywell to Set Up New Turbocharger Manufacturing Unit II-26
Rank Group Acquires Consumer Products Group Business of Honeywell II-26
Mitsubishi Heavy Industries Inks Agreement with STX Metal for
MET Turbocharger II-26
BorgWarner Establishes Turbocharger Manufacturing Facility in
Ramos II-26
Fiat Selects R2S Turbocharging Technology for F1C Common-Rail
Diesel Engine II-27
BorgWarner Offers EFR Turbochargers to IZOD IndyCar Series II-27
DEUTZ Selects B-Series Generation Turbochargers of BorgWarner II-27

5. CORPORATE ACTIVITY IN THE RECENT PAST - A PERSPECTIVE BUILDER II-28
BorgWarner Secures Turbocharger Supply Contract from Ford Motor II-28
The Schaeffler Group Inks Cooperation Agreement with ABB Turbo
Systems II-28
Honeywell Inks Global Framework Agreement with Shell II-28
Mitsubishi Heavy Industries Inks Agreement with Doosan Engine II-28
Mitsubishi Heavy Industries Develops MET83MAG Hybrid
Turbochargers II-29
Volkswagen Selects Honeywells Euro5 VNT™ Turbo for Diesel Engine II-29
Volkswagen Selects R2S® Turbocharging Technology of BorgWarner II-29
JCB Power Systems Selects VTG Turbochargers of BorgWarner II-30
Hyundai Motor Selects BorgWarner VTG Turbochargers for New
Diesel Engine II-30
BMW Selects Twin Scroll Turbocharger of BorgWarner for New
Gasoline Engine II-30
Ford Selects Gasoline Turbocharger Technology of BorgWarner
for EcoBoost Engine II-30
BorgWarner Establishes New Turbocharger Facility II-31
IHI Concludes Construction of Automotive Turbocharger Facility II-31
CSR Qishuyan Locomotive to Jointly Develop Locomotive Diesel
Engines with GE Transportation in China II-31
BorgWarner Sets Up New Turbocharger Production Facility II-31
Dürr Group Acquires Datatechnic II-31
Volvo Employs BorgWarners R2S® Turbocharging System II-32

6. PRODUCT LAUNCHES II-33
Delphi Introduces Remanufactured Turbochargers with New
Technology II-33
Honeywell to Introduce Over 20 New Turbo Applications II-33
Honeywell Turbo Technologies Offers New Turbocharger Applications II-33
Turbonetics Expands GT-K Turbocharger Series II-33

7. PRODUCT LAUNCHES IN THE RECENT PAST - A PERSPECTIVE BUILDER II-35
Honeywell Introduces DualBoost turbocharger Honeywell Unveils
Turbo Technologies for Gasoline Engines in the US II-35
BMW to Roll Out New Tri-Turbo Diesel Engine II-35
Mercedes Launches New Twin Turbo V8 Engine II-35
Hyundai Unveils New Theta II Turbocharged Gasoline Direct-
Injection Engine II-36
Ford Introduces Advanced EcoBoost™ Gasoline Engines II-36
Fiat Introduces Linea T-Jet II-36
BorgWarner Turbo & Emissions Systems Launches $410T
Replacement Turbocharger II-36
Fuji Heavy Industries Introduces Subaru Impreza WRX A-Line II-36
Borg Warner Introduces R2S Turbochargers for D5 Diesel Engines II-37

8. FOCUS ON SELECT PLAYERS II-38
BorgWarner Inc. (US) II-38
BorgWarner Turbo Systems GmbH (Germany) II-38
Cummins Turbo Technologies Ltd (UK) II-38
Honeywell Turbo Technologies (US) II-39
IHI Corporation (Japan) II-39
IHI Turbo America Company (US) II-39
Mitsubishi Heavy Industries Ltd. (Japan) II-40
Turbodyne Technologies, Inc. (US) II-40
Turbonetics Inc. (US) II-40

9. GLOBAL MARKET PERSPECTIVE II-41
Table 7: World Recent Past, Current & Future Market Analysis
for Automotive Turbochargers by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Sales Figures in Thousand Units for Years 2010 through
2018 (includes corresponding Graph/Chart) II-41

Table 8: World Historic Review for Automotive Turbochargers by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures In Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-42

Table 9: World 15-Year Perspective for Automotive
Turbochargers by Geographic Region - Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
2004, 2011 & 2018 (includes corresponding Graph/Chart) II-43

Table 10: World Recent Past, Current & Future Market Analysis
for Automotive Turbochargers by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2018 (includes corresponding Graph/Chart) II-44

Table 11: World Historic Review for Automotive Turbochargers
by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific, (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed, with Annual Sales
Figures in US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-45

Table 12: World 15-Year Perspective for Automotive
Turbochargers by Geographic Region - Percentage Breakdown of
Value Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
2004, 2011 & 2018 (includes corresponding Graph/Chart) II-46

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Current & Future Analysis III-1
Expected Spurt in Diesel Engines Powers a Moderate
Turbocharger Forecast III-1
European Brands Take the Lead III-1
Strategic Corporate Developments III-2
Product Launches III-3
Key Players III-3
B.Market Analytics III-5
Table 13: US Recent Past, Current & Future Market Analysis
for Automotive Turbochargers Analyzed with Annual Sales
Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-5

Table 14: US Historic Review for Automotive Turbochargers
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-6

Table 15: US Recent Past, Current & Future Market Analysis
for Automotive Turbochargers Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-7

Table 16: US Historic Review for Automotive Turbochargers
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-8

2. CANADA III-9
Market Analysis III-9
Table 17: Canadian Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-9

Table 18: Canadian Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-10

Table 19: Canadian Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-11

Table 20: Canadian Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-12

3. JAPAN III-13
A.Market Analysis III-13
Current & Future Analysis III-13
Overview III-13
Competitive Scenario III-14
Table 21: Japanese Turbochargers Market (2011): Percentage
Market Share Breakdown of Leading Players (includes
corresponding Graph/Chart) III-14
Key Players III-14
B.Market Analytics III-15
Table 22: Japanese Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-15

Table 23: Japanese Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-16

Table 24: Japanese Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-17

Table 25: Japanese Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-18

4. EUROPE III-19
A.Market Analysis III-19
Current & Future Analysis III-19
Emission Controls Direct Market towards Smaller Engines and
Turbos III-19
Favorable Prospects for Turbochargers in Diesel Segment III-19
Competitive Scenario III-20
Table 26: European Turbochargers Market for Passenger Car
Applications (2011): Percentage Market Shares of Leading
Players (includes corresponding Graph/Chart) III-20
B.Market Analytics III-21
Table 27: European Recent Past, Current and Future Market
Analysis for Automotive Turbochargers by Geographic Region -
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets Independently Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-21

Table 28: European Historic Review for Automotive
Turbochargers by Geographic Region - France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets Independently
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-22

Table 29: European 15-Year Perspective for Automotive
Turbochargers by Geographic Region - Percentage Breakdown of
Volume Sales for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-23

Table 30: European Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-24

Table 31: European Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-25

4a. FRANCE III-26
A.Market Analysis III-26
Current & Future Analysis III-26
Strategic Corporate Development III-26
B.Market Analytics III-27
Table 32: French Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-27

Table 33: French Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-28

4b. GERMANY III-29
A.Market Analysis III-29
Current & Future Analysis III-29
Strategic Corporate Developments III-29
Key Players III-30
B.Market Analytics III-31
Table 34: German Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-31

Table 35: German Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-32

4c. ITALY III-33
A.Market Analysis III-33
Strategic Corporate Development III-33
B.Market Analytics III-34
Table 36: Italian Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-34

Table 37: Italian Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-35

4d. THE UNITED KINGDOM III-36
A.Market Analysis III-36
Key Player III-36
B.Market Analytics III-37
Table 38: UK Recent Past, Current & Future Market Analysis
for Automotive Turbochargers Analyzed with Annual Sales
Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-37

Table 39: UK Historic Review for Automotive Turbochargers
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-38

4e. SPAIN III-39
Market Analysis III-39
Table 40: Spanish Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-39

Table 41: Spanish Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-40

4f. RUSSIA III-41
Market Analysis III-41
Table 42: Russian Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-41

Table 43: Russian Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-42

4g. REST OF EUROPE III-43
A.Market Analysis III-43
Strategic Corporate Development III-43
B.Market Analytics III-44
Table 44: Rest of Europe Recent Past, Current & Future
Market Analysis for Automotive Turbochargers Analyzed with
Annual Sales Figures in Thousand Units for Years 2010
through 2018 (includes corresponding Graph/Chart) III-44

Table 45: Rest of Europe Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-45

5. ASIA-PACIFIC III-46
A.Market Analysis III-46
Current & Future Analysis III-46
Chinese Turbochargers Market Charges Ahead III-46
Strategic Corporate Developments III-46
Product Launches III-48
B.Market Analytics III-49
Table 46: Asia-Pacific Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-49

Table 47: Asia-Pacific Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-50

Table 48: Asia-Pacific Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-51

Table 49: Asia-Pacific Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-52

6. LATIN AMERICA III-53
A.Market Analysis III-53
Strategic Corporate Development III-53
B.Market Analytics III-54
Table 50: Latin American - Recent Past, Current & Future
Market Analysis for Automotive Turbochargers Analyzed with
Annual Sales Figures in Thousand Units for Years 2010
through 2018 (includes corresponding Graph/Chart) III-54

Table 51: Latin American Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-55

Table 52: Latin American Recent Past, Current & Future
Market Analysis for Automotive Turbochargers Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2018 (includes corresponding Graph/Chart) III-56

Table 53: Latin American Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-57

7. REST OF WORLD III-58
Market Analysis III-58
Table 54: Rest of World Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-58

Table 55: Rest of World Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in Thousand
Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-59

Table 56: Rest of World Recent Past, Current & Future Market
Analysis for Automotive Turbochargers Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-60

Table 57: Rest of World Historic Review for Automotive
Turbochargers Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-61

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 18 (including Divisions/Subsidiaries - (28)

The United States (11)
Japan (3)
Europe (6)
- Germany (1)
- The United Kingdom (1)
- Rest of Europe (4)
Asia-Pacific (Excluding Japan) (8)

Power boosting in vehicles remains an eternal quest for auto lovers, driving them towards the use of forced induction systems. Forced induction technique involves forcing more air into a combustion engine’s cylinder by pressurizing air, through several techniques, including Turbocharging or Supercharging. A turbocharger represents the oldest form of Forced Induction System primarily intended to increase efficiency of the vehicle engine. A turbocharger uses waste exhaust gas of an engine to spin a turbine, which in turn moves an air pump. Subsequently, the air pump forces compressed air into the engine’s cylinders thereby providing a power boost to the engine.

Given its high strung sensitivity to the health of overall automobile sector, the global automotive turbochargers market is running into fresh set of challenges in Europe, with the Sovereign debt crisis pushing the regional automotive industry into facing a new set of challenges. Macro themes affecting Europe include prolonging of the sovereign debt crisis as a result of the half-measures implemented to date in attempts to stave off the crisis, a dysfunctional financial system that is fuelling a slow-motion economic collapse, fears over reduced consumer spending and slower economic growth as a result of austerity measures. The industry during the year 2012 vacillated widely between optimism and fear, marring sentiments in an otherwise recovering automotive market.

Credit restrictions as a result of austerity measures implemented by the debt ridden governments, consumer indecisiveness, weakening consumer confidence as a result of fears over escalation in the severity of the debt crisis, resulted in slowing auto sales during the year. Weakness in auto sales was witnessed in France, Spain, Greece and Portugal during the year. Future downgrade in the outlook for auto production also cannot be ruled out, given the tumbling sales as evident by over 8% decline in new car registrations in the first half of 2012, and excess production capacities. The continuation of the trend will likely witness Europe carry over 32% excess production capacity than what the market demand can accommodate, into the upcoming years. With numerous factors still continuing to threaten automobile demand and production patterns in debt affected economies, sustained growth in the automotive turbochargers market is currently treading the tight rope, with market driving forces strained and wearied by the uncertainties ripping the fabric of the European continent.

Despite slow economic growth in the US, and continuing sovereign debt crisis in Europe, market players in the automotive turbochargers market remain optimistic of overall growth in the global market. As the automotive industry continues to be overturned by issues pertaining to energy conservation, efficiency and emissions, vehicle powertrain and internal combustion engine technologies are expected to evolve in sync with environmental requirements. Hybridization/electrification, downsizing, and turbocharging are technologies expected to hit the spotlight in the upcoming years. Turbocharging, as a technology, especially holds attractive potential, given its ability to meet strict fuel-efficiency standards, and emissions regulations. In conclusion, government policies for fuel conservation and environmental protection will re-emerge as primary growth drivers for turbochargers. Several auto giants will actively focus on integrating turbochargers especially in conjunction with small diesel engines.

Additionally, leading turbo manufacturers including Honeywell Turbo Technologies and BorgWarner Turbo Systems are actively focused on widening the application area of turbochargers to diesel engines in light duty trucks, in high-growth automobile markets such as the Asia-Pacific, and to a certain extent in North America. Continuous technology innovations that make turbochargers more reliable and efficient, in terms of thermal effectiveness and engine specific output, will additionally help in enhancing their preference among vehicle engineers.

As stated by the new market research report on Automotive Turbochargers, Europe represents the largest regional market worldwide. The US represents the fastest growing regional market for automotive turbochargers with unit sales in the region waxing at a CAGR of about 18.3% over the analysis period. Broadening of stringent environmental regulations especially on gasoline vehicles, which continues to have robust demand across the nation, and the resulting need for engine downsizing, are primarily driving demand for turbochargers in the nation. Low market penetration of turbo technologies in the nation also indicates a relatively large untapped market potential for turbochargers in the US.

Global Industry Analysts ©

- ABB Ltd. (Switzerland)
- ABB Turbo Systems Ltd. (Switzerland)
- APS Automotive Pty., Ltd. (Australia)
- AXT Turbo Pty., Ltd. (Australia)
- BorgWarner, Inc. (USA)
- Borgwarner Turbo Systems (USA)
- BorgWarner Turbo Systems GmbH (Germany)
- CSR Qishuyan Locomotive Co., Ltd. (China)
- Cummins Turbo Technologies Ltd. (UK)
- Cummins Turbo Technologies (USA)
- Cummins Turbo Technologies (India)
- Wuxi Cummins Turbo Technologies Co., Ltd. (China)
- Delphi Product & Service Solutions (USA)
- GE Transportation (USA)
- HKS Co., Ltd. (Japan)
- Honeywell International, Inc. (USA)
- Honeywell Turbo Technologies (USA)
- Hyundai Motor Co., Ltd. (Korea)
- IHI Corporation (Japan)
- IHI Turbo America Company (USA)
- Wuxi IHI Turbo Co., Ltd. (China)
- Mitsubishi Heavy Industries Ltd. (Japan)
- Mitsubishi Turbocharger Asia Co., Ltd. (MTA) (Thailand)
- PBS Turbo Sro (Czech Republic)
- Pro Turbo Systems Oy (Finland)
- Subaru America, Inc. (USA)
- Turbodyne Technologies, Inc. (USA)
- Turbonetics, Inc. (USA)

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