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Global Automotive Variable Geometry Turbocharger Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12650
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This industry research report identifies BorgWarner, Cummins, Honeywell International, IHI, and Mitsubishi Heavy Industries as the key vendors in the global automotive variable geometry turbocharger market. This industry research report also presents a competitive analysis of the market by vehicle type (passenger and commercial) and by geography (the Americas, APAC, and EMEA).

Overview of the global automotive variable geometry turbocharger market

Market research analysts at Technavio predict that the global automotive variable geometry turbocharger market will grow steadily during the forecast period and in terms of units, will post a CAGR of more than 21% by 2021. This market research analysis identifies the increased sales of automobiles across the globe as one of the primary growth factors for this market. Demand for passenger cars is rising in emerging economies due to increased purchasing power of consumers in addition to significant economic growth. The intense vendor competition and saturated markets have encouraged most of the global vehicle manufacturers to shift their focus to the BRIC nations which have high economic growth and subsequently create an opportunity for various automotive steering-mounted electronics vendors to promote their products and solutions in emerging markets.

The market research report identifies the development of variable geometry turbocharger (VGT) and electrical turbo chargers as one of the primary trends behind the growth of the automotive variable geometry turbocharger market. Initiatives have been taken by all the major OEMs and various institutions to develop new and effective VGT systems to not only improve engine efficiency and lower emissions but also to improve transient response times. The cost of a VGT is quite high as compared to a fixed geometry turbocharger due to several pertinent factors that include the number of components, materials used, required machinery in manufacturing, speed, accuracy, and repeatability of the actuator. However, the return offered by these VGTs are quite higher than that of a fixed geometry turbocharger, which will subsequently fuel their adoption in the coming years.

Competitive landscape and key vendors

The automotive variable geometry turbocharger market is highly fragmented due to the presence of well-diversified international, regional, and local players. International players occupy maximum market share hampering the progress of the local vendors, especially in terms of quality, features, safety, and price. The local and regional vendors are focusing on offering cost-effective turbochargers with limited features and functionalities whereas the international players are currently focusing on expanding their vendor presence.

The leading vendors in the market are -

  • BorgWarner
  • Cummins
  • Honeywell International
  • IHI
  • Mitsubishi Heavy Industries

The other prominent vendors in the market are ABB and Noporvis.

Segmentation by vehicle type and analysis of the automotive variable geometry turbocharger market

  • Passenger vehicles
  • Commercial vehicles

During 2016, the passenger vehicles segment accounted for the major shares and dominated the automotive turbochargers market. Passenger vehicle OEMs are progressively using VGTs as the demand for passenger vehicles that offer improved performance and driving experience is increasing. Factors such as the rising demand for the passenger vehicles will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive variable geometry turbocharger market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive turbochargers market throughout the forecast period. India is expected to be the fastest growing automotive VGT market mainly due to the high penetration of diesel passenger and light vehicles. Regions in APAC have introduced various norms to reduce the toxic gases and fumes released into the environment in addition to a mandate to OEMs to issue fuel consumption data for vehicles and obtain necessary approval from competent authorities by the regional governments.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global automotive variable geometry turbocharger market?
  • What are the key market trends impacting the growth of the global automotive variable geometry turbocharger market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automotive variable geometry turbocharger market?
  • What are the market opportunities and threats faced by the vendors in the global automotive variable geometry turbocharger market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global automotive variable geometry turbocharger market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Value chain analysis
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by vehicle type

  • Global automotive VGT market by vehicle type
  • Global automotive VGT market by passenger vehicles
  • Global automotive VGT market by commercial vehicles

PART 07: Geographical segmentation

  • Global automotive VGT market by geography
  • Automotive VGT market in EMEA
  • Automotive VGT market in APAC
  • Automotive VGT market in Americas

PART 08: Key technical criteria

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

PART 12: Vendor landscape

  • Competitive scenario
  • Market share analysis
  • Other prominent vendors

PART 13: Key vendor analysis

  • Cummins
  • Honeywell International
  • MHI
  • BorgWarner
  • IHI

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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