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Turbocharger Market by Vehicle Type, Off-Highway), Technology, Fuel Type, & Aftermarket by Region- Forecast to 2021

Turbocharger Market: Forecast until 2021

  • November 2016
  • 160 pages
  • ID: 4411875
In this report:
According to MarketsandMarkets analysis, the vehicle production is estimated to grow to ##.## million units by 2021 at a projected CAGR of ##.##% from 2016 to 2021, indicating a substantial growth in vehicle production and hence, in the demand for turbochargers.
The commercial vehicle automotive turbocharger aftermarket in Asia-Oceania is estimated to be ##.## million units in 2016, and is expected to reach ##.## million units by 2021, growing at a CAGR of ##.##%.

Summary

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"Increasing demand for engine downsizing and stringent emission norms are anticipated to fuel the industry demand for automotive turbocharger"

The automotive turbocharger market is estimated to rise at a compound annual growth rate of ~7.6 percent, to attain a market size of ~$18.5B by 2021. The sector is influenced by the top factor engine downsizing, which leads to the reduction of size of engine. For example, 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 fast warm-up of engine and decreases the global weight of vehicle. In order to accomplish stringent emission norms, turbocharger plays an important role. Euro Regulations in Europe (EU) and CAFÉ regulations have set targets which the auto component manufacturers have to follow. For example, CAFÉ standards in U.S.A requires fuel economy to growth by 40.0 percent by 2016. Such factors are contributing to the increase of the automotive turbocharger market. In order to deal with such stringent emission regulations, the automotive market is attesting the increase of electric vehicles. Governments across the globe are offering subsidies and incentives to encourage the electric vehicle market. This growing demand would influence the industry for automotive turbochargers restricting its development.

"VGT/VNT is the quickest increasing turbocharger technology market in the automotive sector"

Variable Geometry Turbocharger technology is forecasted 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 1.40 litres to 2.00 litres range. Advanced VNT contributes fuel efficiency at low speeds, reduces weight, and gives better transient response and flexible packaging. For example, 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 biggest segment of the automotive turbocharger market"

The turbochargers are used in gasoline engines to rise the engine power, by rising the pressure inside the combustion chamber. The turbochargers to be used in petrol vehicles should be compact, and should run at higher speeds. Nevertheless, in the current scenario, the penetration of diesel turbocharged vehicles is more than gasoline turbocharged vehicles. For example, according to MarketsandMarkets review, in Oceania/Asia 55 - 60.0 percent of the diesel powered passenger cars are turbocharged, on the other hand only 15 - 20.0 percent of the gasoline powered passenger cars are turbocharged. However the trend of turbochargers in gasoline engines is growing. The gasoline fueled models with turbochargers are 1.40 litres Opel Astra, 1.60 litres BMW, V6 Ford EcoBoost, and BMW X-Series.

"North America (NA): Fastest increasing market for turbocharger in automotive market"

North America continent is projected to dominate the automotive turbocharger market, and is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. Rising stringency in the CAFÉ emission regulations can be credited for the rise in the automotive turbocharger market in this area. On top of, the increasing demand for advanced turbocharger technologies including VGT/VNT which boosts the power of engine and other factors have contributed towards the increase scenario of this market. The North American automotive sector is one of the quickest increasing sectors in the globe, and is dominated by domestic OEMs including Ford Motor Company and General Motors, together with established European and Japanese OEMs.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from equipment suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - Tier-1 - 63 %, Tier-2 - 29.0 percent, and OEM - 8.0 percent

- By Description - C-suite - 45.0 percent, D-suite - 43.0 percent, others - 12.0 percent

- By area - North america (NA) - 58.0 percent, Europe - 30.0 percent, Asia-Oceania - 12.0 percent

Segment Research

The industry report offers a picture on automotive turbochargers across several verticals and territories. It aims at evaluating the market value and future increase potential of automotive turbochargers across distinct segments including technology, fuel type, vehicle type, application, and localities for different markets including the OE market, aftermarket, and the off-highway market. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global automotive turbocharger market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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