Turbocharger Market by Vehicle Type (On-Highway(Passenger Car, LCV & HCV), Off-Highway (Agricultural Tractors & Construction Equipment)), Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & Aftermarket by Region- Forecast to 2021

Date: November 28, 2016
Pages: 160
Price:
US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: T3FB739BCFEEN
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Turbocharger Market by Vehicle Type (On-Highway(Passenger Car, LCV & HCV), Off-Highway (Agricultural Tractors & Construction Equipment)), Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & Aftermarket by Region- Forecast to 2021
“Growing demand for engine downsizing and stringent emission norms are expected to fuel the demand for automotive turbocharger”

The automotive turbocharger market is projected to grow at a CAGR of 7.63%, to reach a market size of USD 18.49 billion by 2021. The market is driven by the key factor engine downsizing, which leads to the reduction of size of engine. For instance, naturally aspirated V8 engine can be substituted with V6 turbocharged small size engine without affecting the power output and torque. Engine downsizing leads to increased efficiency and helps in quick warm-up of engine and decreases the overall weight of vehicle. In order to achieve stringent emission norms, turbocharger plays an important role. Euro Regulations in Europe and CAFÉ regulations have set targets which the auto component manufacturers have to follow. For instance, CAFÉ standards in U.S. requires fuel economy to increase by 40% by 2016. Such factors are contributing to the growth of the automotive turbocharger market. In order to deal with such stringent emission regulations, the automotive industry is witnessing the rise of electric vehicles. Governments across the world are offering subsidies and incentives to encourage the electric vehicle industry. This increasing demand would influence the market for automotive turbochargers restricting its growth.

“VGT/VNT is the fastest growing turbocharger technology market in the automotive industry”

Variable Geometry Turbocharger (VGT) technology is expected to dominate the automotive turbocharger market. The VGT/VNT technology is best suitable for 0.9 to 0.3 liter diesel engines. However VGT/VNT technology, also have application in 1.4L to 2.0L range. Advanced VNT gives fuel efficiency at low speeds, reduces weight, and gives better transient response and flexible packaging. For instance, Honeywell has launched VNT DualBoost Turbochargers which will boost the engine performance and is best suitable for pickup trucks with engine capacity of around 6 liter and more.

“Gasoline turbocharged vehicles constitute the largest segment of the automotive turbocharger market”

The turbochargers are used in gasoline engines to increase the engine power, by increasing the pressure inside the combustion chamber. The turbochargers to be used in petrol vehicles should be compact, and should run at higher speeds. However, in the current scenario, the penetration of diesel turbocharged vehicles is more than gasoline turbocharged vehicles. For instance, according to MarketsandMarkets analysis, in Asia-Oceania 55-60% of the diesel powered passenger cars are turbocharged, on the other hand only 15-20% of the gasoline powered passenger cars are turbocharged. However the trend of turbochargers in gasoline engines is increasing. The gasoline fueled models with turbochargers are 1.4L Opel Astra, 1.6L BMW, V6 Ford EcoBoost, and BMW X-Series.

“North America: Fastest growing market for turbocharger in automotive industry”

North America is estimated to dominate the automotive turbocharger market, and is projected to grow at the highest CAGR during the forecast period. Increasing stringency in the CAFÉ emission regulations can be credited for the growth in the automotive turbocharger market in this region. Additionally, the rising demand for advanced turbocharger technologies such as VGT/VNT which boosts the power of engine and other factors have contributed towards the growth scenario of this market. The North American automotive industry is one of the fastest growing industries in the world, and is dominated by domestic OEMs such as Ford Motor Company (U.S.) and General Motors (U.S.), along with established European and Japanese OEMs.

BREAKDOWN OF PRIMARIES

The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
  • By Company Type – Tier-1 - 63 %, Tier-2 - 29%, and OEM - 8%
  • By Designation - C level - 45%, D level – 43%, others – 12%
  • By Region - North America - 58%, Europe - 30%, Asia-Oceania - 12%
The report provides detailed profiles of the following companies:
  • Saint-Gobain S.A.
  • Borg Warner Inc.
  • Cummins Inc.
  • Honeywell International Inc.
  • Mitsubishi Heavy Industries Ltd.
  • IHI corporation
  • Continental AG
  • Eaton Corporation Plc
  • Bosch Mahle Turbo Systems
  • Turbo energy private Ltd.
Research Coverage:

The report provides a picture on automotive turbochargers across different verticals and regions. It aims at estimating the market size and future growth potential of automotive turbochargers across different segments such as technology, fuel type, vehicle type, application, and regions for various markets such as the OE market, aftermarket, and the off-highway market. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall automotive turbocharger market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 YEARS CONSIDERED IN THE STUDY
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
2.2 SECONDARY DATA
  2.2.1 KEY SECONDARY SOURCES
  2.2.2 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
  2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
  2.3.2 PRIMARY PARTICIPANTS
2.4 FACTOR ANALYSIS
  2.4.1 DEMAND-SIDE ANALYSIS
    2.4.1.1 Impact of per capita income on total vehicle sales
    2.4.1.2 Increasing vehicle production in developing countries
  2.4.2 SUPPLY-SIDE ANALYSIS
    2.4.2.1 Influence of other factors such as emission norms and regulations
2.5 MARKET SIZE ESTIMATION
  2.5.1 BOTTOM-UP-APPROACH: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET
  2.5.2 BOTTOM-UP-APPROACH: OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET
  2.5.3 MARKET BREAKDOWN & DATA TRIANGULATION
  2.5.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY

3.1 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY REGION
3.2 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY FUEL TYPE
3.3 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY TECHNOLOGY
3.4 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET — GROWTH TRENDS
3.5 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY APPLICATION AND REGION
3.6 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY REGION AND VEHICLE TYPE

4 PREMIUM INSIGHTS

4.1 INTRODUCTION
4.2 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET
4.3 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
4.4 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY FUEL TYPE, 2016–2021 (USD MILLION)
4.5 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE, 2016–2021 (USD MILLION)
4.6 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY TECHNOLOGY, 2016–2021 (MILLION UNITS)
4.7 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
4.8 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY REGION, 2016–2021 (USD MILLION)
4.9 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY VEHICLE TYPE & REGION, 2016–2021 (USD MILLION)
4.10 WHO SUPPLIES WHOM

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
  5.2.1 AUTOMOTIVE TURBOCHARGER: MARKET SEGMENTATION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Increasing stringency in emission & fuel efficiency regulations and engine downsizing
    5.3.1.2 Increasing vehicle production
  5.3.2 RESTRAINTS
    5.3.2.1 Growing demand for electric vehicles
  5.3.3 OPPORTUNITIES
    5.3.3.1 Future demand for electric turbochargers
    5.3.3.2 Turbocharger for gasoline engines
  5.3.4 CHALLENGES
    5.3.4.1 Turbo lag
5.4 PORTER’S FIVE FORCES ANALYSIS
  5.4.1 THREAT OF NEW ENTRANTS
  5.4.2 THREAT OF SUBSTITUTES
  5.4.3 BARGAINING POWER OF SUPPLIERS
  5.4.4 BARGAINING POWER OF BUYERS
  5.4.5 INTENSITY OF COMPETITIVE RIVALRY

6 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY TECHNOLOGY

6.1 INTRODUCTION
6.2 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY TECHNOLOGY
  6.2.1 VGT/VNT: AUTOMOTIVE TURBOCHARGER MARKET, BY REGION AND COUNTRY
  6.2.2 WASTEGATE: AUTOMOTIVE TURBOCHARGER MARKET, BY REGION AND COUNTRY

7 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY FUEL TYPE

7.1 INTRODUCTION
7.2 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY FUEL TYPE
  7.2.1 DIESEL: AUTOMOTIVE TURBOCHARGER MARKET, BY COUNTRY
  7.2.2 GASOLINE: AUTOMOTIVE TURBOCHARGER MARKET, BY COUNTRY

8 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 AGRICULTURAL TRACTOR:OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY REGION
8.3 CONSTRUCTION EQUIPMENT:OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY REGION

9 AUTOMOTIVE TURBOCHARGER AFTERMARKET, BY REGION & VEHICLE TYPE

9.1 INTRODUCTION
9.2 AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION & VEHICLE TYPE
9.3 PASSENGER CAR: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION
9.4 COMMERCIAL VEHICLE: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION

10 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY REGION & VEHICLE TYPE

10.1 INTRODUCTION
10.2 NORTH AMERICA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY COUNTRY AND VEHICLE TYPE
  10.2.1 U.S.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.2.2 CANADA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.2.3 MEXICO: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
10.3 EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY COUNTRY AND VEHICLE TYPE
  10.3.1 GERMANY: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.3.2 U.K.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.3.3 FRANCE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.3.4 SPAIN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.3.5 REST OF EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
10.4 ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY COUNTRY AND VEHICLE TYPE
  10.4.1 CHINA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.4.2 JAPAN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.4.3 INDIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.4.4 SOUTH KOREA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.4.5 REST OF ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
10.5 REST OF THE WORLD: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY COUNTRY AND VEHICLE TYPE
  10.5.1 BRAZIL: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.5.2 RUSSIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE
  10.5.3 OTHERS: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE SITUATIONS & TRENDS
11.2 NEW PRODUCT LAUNCH
11.3 EXPANSION
11.4 AGREEMENTS/PARTNERSHIPS/JOINT VENTURES
11.5 MERGERS & ACQUISITIONS

12 COMPANY PROFILES

(Company at a Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MNM View)*

12.1 INTRODUCTION
12.2 HONEYWELL INTERNATIONAL INC.
12.3 BORGWARNER INC.
12.4 IHI CORPORATION
12.5 MITSUBISHI HEAVY INDUSTRIES LTD.
12.6 CUMMINS INC.
12.7 CONTINENTAL AG
12.8 EATON CORPORATION PLC
12.9 BOSCH MAHLE TURBO SYSTEMS GMBH & CO. KG
12.10 TURBO ENERGY PRIVATE LIMITED
12.11 ROTOMASTER INTERNATIONAL

*Details on company at a glance, recent financials, Products offered, strategies & insights, & recent developments might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 AVAILABLE CUSTOMIZATIONS
  13.3.1 AUTOMOTIVE TURBOCHARGER MARKET, BY TECHNOLOGY
    13.3.1.1 VGT/VNT Market by Vehicle Type & Country
      13.3.1.1.1 Asia-Oceania
        13.3.1.1.1.1 China
        13.3.1.1.1.2 Japan
        13.3.1.1.1.3 South Korea
        13.3.1.1.1.4 India
      13.3.1.1.2 Europe
        13.3.1.1.2.1 Germany
        13.3.1.1.2.2 France
        13.3.1.1.2.3 U.K.
        13.3.1.1.2.4 Spain
      13.3.1.1.3 North America
        13.3.1.1.3.1 U.S.
        13.3.1.1.3.2 Canada
        13.3.1.1.3.3 Mexico
      13.3.1.1.4 RoW
        13.3.1.1.4.1 Brazil
        13.3.1.1.4.2 Russia
  13.3.2 TURBOCHARGER HOUSING MARKET, BY MATERIAL TYPE
    13.3.2.1 Iron
    13.3.2.2 Iron Molybdenum
    13.3.2.3 Compacted graphite Iron
    13.3.2.4 Steel
    13.3.2.5 Aluminum
    13.3.2.6 Others
  13.3.3 LOCOMOTIVE TURBOCHARGER MARKET, BY REGION
  13.3.4 PASSENGER CAR TURBOCHARGER MODEL WISE ANALYSIS, BY COUNTRY, 2015
13.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS

LIST OF FIGURES

Figure 1 AUTOMOTIVE TURBOCHARGER MARKET: RESEARCH DESIGN
Figure 2 RESEARCH DESIGN MODEL
Figure 3 BREAKDOWN OF PRIMARY INTERVIEWS
Figure 4 IMPACT OF PER CAPITA INCOME ON VEHICLE SALES, 2015
Figure 5 VEHICLE PRODUCTION, 2010–2015 (‘000 UNITS)
Figure 6 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET: BOTTOM-UP-APPROACH
Figure 7 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET: BOTTOM-UP APPROACH
Figure 8 DATA TRIANGULATION
Figure 9 THE ASIA-OCEANIA TURBOCHARGER MARKET IS ESTIMATED TO HOLD THE LARGEST SIZE, 2016-2021 (USD MILLION)
Figure 10 GASOLINE FUEL TYPE TURBOCHARGER IS ESTIMATED TO BE THE HIGHEST GROWING MARKET, 2016-2021 (USD MILLION)
Figure 11 VGT/VNT TURBOCHARGER TECHNOLOGY IS ESTIMATED TO HOLD THE LARGEST MARKET SIZE, 2016-2021 (‘000 UNITS)
Figure 12 CHINA PROJECTED TO BE THE FASTEST GROWING MARKET DURING THE FORECAST PERIOD, 2016-2021 (USD MILLION)
Figure 13 AGRICULTURAL TRACTOR APPLICATION IS PROJECTED TO BE THE FASTEST GROWING MARKET, 2016-2021 (USD MILLION)
Figure 14 PASSENGER CAR TURBOCHARGER AFTERMARKET PROJECTED TO BE THE FASTEST GROWING VEHICLE TYPE, 2016-2021 (USD MILLION)
Figure 15 INCREASING STRINGENCY IN EMISSION REGULATIONS AND DEMAND FOR ENGINE DOWNSIZING IS DRIVING THE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET
Figure 16 CHINA, U.S., & INDIA EXPECTED TO BE THE FASTEST GROWING AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, 2016–2021
Figure 17 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY FUEL TYPE, 2016–2021 (USD MILLION)
Figure 18 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VEHICLE TYPE, 2016–2021 (USD MILLION)
Figure 19 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY TECHNOLOGY, 2016- 2021 (MILLION UNITS)
Figure 20 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
Figure 21 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET,BY REGION, 2016– 2021 (USD MILLION)
Figure 22 AUTOMOTIVE TURBOCHARGER AFTERMARKET,BY VEHICLE TYPE & REGION, 2016– 2021 (USD MILLION)
Figure 23 AUTOMOTIVE TURBOCHARGER MARKET: MARKET DYNAMICS
Figure 24 RISING TREND OF ENGINE DOWNSIZING IN U.S. AND CHINA, 2015-2020
Figure 25 GROWING VEHICLE PRODUCTION AND SALES TO DRIVE THE TURBOCHARGER MARKET
Figure 26 BEV SALES OF KEY COUNTRIES, 2014 – 2015
Figure 27 ELECTRIC TURBOCHARGER MARKET, BY DEGREE OF HYBRIDIZATION AND REGION, 2020 (USD THOUSAND)
Figure 28 PORTER’S FIVE FORCES ANALYSIS (2016): PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES THE DEGREE OF COMPETITION
Figure 29 PRESENCE OF WELL-ESTABLISHED PLAYERS & CAPITAL-INTENSIVE NATURE OF TURBOCHARGER INDUSTRY TO HAVE THE HIGHEST IMPACT ON NEW MARKET ENTRANTS
Figure 30 UNAVAILABILITY OF SUBSTITUTES IMPACTS THREAT OF SUBSTITUTE
Figure 31 HIGHER SUPPLIER CONCENTRATION & IMPORTANCE OF VOLUMES IMPACTS THE BARGAINING POWER OF SUPPLIERS
Figure 32 LIMITED NUMBER OF BUYERS LEADS TO AN INCREASE IN THEIR BARGAINING POWER
Figure 33 STRONG COMPETITION AMONG THE WELL-ESTABLISHED PLAYERS LEADS TO HIGH INTENSITY OF COMPETITIVE RIVALRY
Figure 34 VGT/VNT TECHNOLOGY SEGMENT TO BE THE LARGEST MARKET IN THE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, 2014–2021 (MILLION UNITS)
Figure 35 GASOLINE TURBOCHARGER SEGMENT TO BE THE LARGEST AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET BY FUEL TYPE, 2016–2021 (MILLION UNITS)
Figure 36 AGRICULTURAL TRACTOR APPLICATION TO BE THE LARGEST SEGMENT IN THE AUTOMOTIVE TURBOCHARGER OFF-HIGHWAY ORIGINAL EQUIPMENT MARKET, 2015–2021 (MILLION UNITS)
Figure 37 ASIA-OCEANIA TO BE THE LARGEST AFTERMARKET FOR AUTOMOTIVE TURBOCHARGER, BY VOLUME, 2016-2021 ('000 UNITS)
Figure 38 REGION-WISE SNAPSHOT OF THE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET, BY VOLUME (2016): ASIA-OCEANIA ESTIMATED TO ACCOUNT FOR THE LARGEST MARKET SHARE
Figure 39 U.S. PROJECTED TO LEAD THE NORTH AMERICAN AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET BY 2021
Figure 40 GERMANY IS ESTIMATED TO BE THE LARGEST ORIGINAL EQUIPMENT MARKET FOR AUTOMOTIVE TURBOCHARGER IN EUROPE, 2016-2021(USD MILLION)
Figure 41 CHINA ESTIMATED TO BE THE LARGEST CONTRIBUTOR TO THE ASIA-OCEANIA AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET
Figure 42 COMPANIES ADOPTED NEW PRODUCT LAUNCH & EXPANSION AS KEY GROWTH STRATEGIES
Figure 43 TURBOCHARGER MARKET RANKING, 2015
Figure 44 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCH & EXPANSION FUELLED THE GROWTH OF THE TURBOCHARGER MARKET FROM 2012 TO 2016
Figure 45 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH & EXPANSION WERE THE MOST WIDELY ADOPTED STRATEGIES
Figure 46 HONEYWELL INTERNATIONAL INC: COMPANY SNAPSHOT
Figure 47 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS
Figure 48 BORGWARNER INC.: COMPANY SNAPSHOT
Figure 49 BORGWARNER INC.: SWOT ANALYSIS
Figure 50 IHI CORPORATION: COMPANY SNAPSHOT
Figure 51 IHI CORPORATION: SWOT ANALYSIS
Figure 52 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT
Figure 53 MITSUBISHI HEAVY INDUSTRIES LTD.: SWOT ANALYSIS
Figure 54 CUMMINS INC.: COMPANY SNAPSHOT
Figure 55 CUMMINS INC.: SWOT ANALYSIS
Figure 56 CONTINENTAL AG: COMPANY SNAPSHOT
Figure 57 EATON CORPORATION PLC: COMPANY SNAPSHOT

Passenger cars, LCVs and HCVs characterize the turbocharged vehicle industry. Currently, the volume of diesel turbochargers is more than the gasoline turbochargers. This is due to the increased penetration of turbochargers in diesel vehicles. The industry is growing and has its existence from several decades. The main technologies used in these turbochargers are VGT/VNT, wastegate, and twin-turbo. The VGT/VNT technology is the most preferred in passenger cars because the optimum aspect ratio at low engine speeds is very different from that at high engine speeds. VGT turbochargers are specially designed to allow the effective aspect ratio to alter as conditions change. Wastegate turbocharging technology is mostly used in large diesel engines that come in stock with heavy trucks and buses, and is also adopted widely in the LCV segment.

The global diesel turbocharger market size in terms of volume is estimated to reach XX million units, and the global gasoline turbocharger market volume is estimated to reach XX million units, in 2014. The high-growth segment based on market volume is identified as diesel turbochargers growing at a CAGR of XX% followed by gasoline turbochargers at a CAGR of XX% from 2014 to 2019.

The drivers of the industry are identified as stringent carbon emission norms, engine downsizing trend, and the growing passenger vehicles market. The restraining factors are identified as low preference of diesel passenger cars and low penetration of gasoline turbochargers. The issues in the market are mainly pertaining to that of the usage of counterfeit products; increased preference of gasoline passenger cars; and gradual shift towards electrically assisted turbochargers. The turbocharger manufacturers are closely working with their distributors and automotive manufacturers to address the demands of end users.

The major players in the market are Honeywell International Inc. (U.S.), BorgWarner Inc. (U.S.), Mitsubishi Heavy Industries, Ltd. (MHI) (Japan), IHI Corporation (Japan), Cummins Turbo Inc. (U.S.), Bosch Mahle Turbo Systems GmbH & Co. KG (Germany), Continental AG (Germany), FuYuan Turbochargers Co., Ltd. (China), Precision Turbo and Engine Inc. (U.S.), and Turbo Dynamics Ltd. (U.K.). 

The material was prepared in September, 2014.

LIST OF TABLES

Table 1 PORTER’S FIVE FORCES ANALYSIS
Table 2 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY TECHNOLOGY, 2015–2021 (‘000 UNITS)
Table 3 VGT/VNT: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 4 ASIA-OCEANIA: VGT/VNT AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 5 EUROPE: VGT/VNT AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 6 NORTH AMERICA: VGT/VNT AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 7 ROW: VGT/VNT AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 8 WASTEGATE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 9 ASIA-OCEANIA: WASTEGATE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 10 EUROPE: WASTEGATE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 11 NORTH AMERICA: WASTEGATE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 12 ROW: WASTEGATE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 13 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY FUEL TYPE, 2015–2021 (‘000 UNITS)
Table 14 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY FUEL TYPE, 2015–2021 (USD MILLION)
Table 15 DIESEL FUEL TYPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 16 DIESEL FUEL TYPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 17 ASIA-OCEANIA: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 18 ASIA-OCEANIA: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 19 EUROPE: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 20 EUROPE: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 21 NORTH AMERICA: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 22 NORTH AMERICA: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 23 ROW: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 24 ROW: DIESEL AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 25 GASOLINE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 26 GASOLINE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 27 ASIA-OCEANIA: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 28 ASIA-OCEANIA: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 29 EUROPE: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 30 EUROPE: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 31 NORTH AMERICA: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 32 NORTH AMERICA: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 33 ROW: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 34 ROW: GASOLINE AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 35 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY APPLICATION, 2015–2021 (‘000 UNITS)
Table 36 OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY APPLICATION, 2015–2021 (USD MILLION)
Table 37 AGRICULTURAL TRACTOR: OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 38 AGRICULTURAL TRACTOR: OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 39 CONSTRUCTION EQUIPMENT: OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 40 CONSTRUCTION EQUIPMENT: OFF-HIGHWAY TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 41 AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 42 AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 43 AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 44 AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 45 PASSENGER CAR: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 46 PASSENGER CAR: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 47 COMMERCIAL VEHICLE: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 48 COMMERCIAL VEHICLE: AUTOMOTIVE TURBOCHARGER AFTERMARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 49 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (‘000 UNITS)
Table 50 AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY REGION, 2015–2021 (USD MILLION)
Table 51 NORTH AMERICA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 52 NORTH AMERICA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 53 U.S.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 54 U.S.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 55 CANADA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 56 CANADA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 57 MEXICO: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 58 MEXICO: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 59 EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 60 EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 61 GERMANY: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 62 GERMANY: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 63 U.K.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 64 U.K.: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 65 FRANCE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 66 FRANCE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 67 SPAIN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 68 SPAIN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 69 REST OF EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 70 REST OF EUROPE: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 71 ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 72 ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 73 CHINA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 74 CHINA AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 75 JAPAN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 76 JAPAN: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 77 INDIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 78 INDIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 79 SOUTH KOREA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 80 SOUTH KOREA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 81 REST OF ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 82 REST OF ASIA-OCEANIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 83 ROW: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (‘000 UNITS)
Table 84 ROW: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY COUNTRY, 2015–2021 (USD MILLION)
Table 85 BRAZIL: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 86 BRAZIL: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 87 RUSSIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 88 RUSSIA: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 89 OTHERS: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (‘000 UNITS)
Table 90 OTHERS: AUTOMOTIVE TURBOCHARGER ORIGINAL EQUIPMENT MARKET SIZE, BY VEHICLE TYPE, 2015–2021 (USD MILLION)
Table 91 NEW PRODUCT LAUNCHES, 2012–2016
Table 92 EXPANSIONS, 2014–2016
Table 93 AGREEMENTS/PARTNERSHIPS/JOINT VENTURES, 2012–2014
Table 94 MERGERS & ACQUISITIONS, 2013

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Turbocharger Market by Vehicle Type (On-Highway(Passenger Car, LCV & HCV), Off-Highway (Agricultural Tractors & Construction Equipment)), Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & Aftermarket by Region- Forecast to 2021
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