HOME Top Market Reports Turbocharger Market by Vehicle Type (On-Highway (Passenger Car, LCV, & HCV), Off-Highway (Agricultural Tractors & Construction Vehicles)), Locomotive, Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & by Region - Forecast to 2020

Turbocharger Market by Vehicle Type (On-Highway (Passenger Car, LCV, & HCV), Off-Highway (Agricultural Tractors & Construction Vehicles)), Locomotive, Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & by Region - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: AT 2628

 

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A turbocharger is a forced induction system that is used to boost the power of an engine. Turbocharger compresses the air that flows in the engine, thereby increasing its volumetric efficiency without actually increasing its overall capacity. Turbochargers are gaining popularity around the globe, given the increasing trend of emissions reduction, increased fuel efficiency, and enhanced engine performance. These factors can be achieved by reducing vehicle weight, by engine downsizing. The global market in terms of value for on-highway turbocharger is estimated to be USD 13.6 Billion in 2015 and is projected to grow to USD 22.1 Billion by 2020, at a CAGR of 10.21% for the period 2015-2020

The report covers the global qualitative and quantitative aspects of the on-highway turbocharger market by region, by fuel type, by vehicle type, and by technology. Segmentation includes off-highway turbocharger market by application, which includes agricultural tractors and construction vehicles (Articulated Dump Truck, Rigid Dump Truck, Loader, Crawler Dozer, Excavater, Asphalt Finisher, Motor Grader, Motor Scraper, RTLT-Masted, and RTLT-Telescopic). Apart from this as the diesel locomotive widely use turbochargers, the report also considers locomotive turbocharger as a separate segment in the report.

Turbocharging technology has evolved since its inception. The most widely used turbocharging technologies are wastegate and VGT/VNT. VGT/VNT turbochargers are gaining more popularity than wastegate, as they are highly efficient at low and high speeds; unlike wastegate turbochargers that produce high boost at lower engine speeds. The market for VGT/VNT turbochargers in terms of volume is projected to have a market share of 63.6% by 2020.

The challenge with the manufacturers of turbochargers is to offer cost effective solutions without deterring the performance and quality of the product. OEMs are focussing on global expansion, wherein they can customize product offerings according to local demand. Several turbocharger manufacturers have expanded in China to cater the upcoming local and foreign demand of turbochargers. Major players in the on-highway turbocharger market include BorgWarner Inc. (U.S.), Cummins Inc. (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), and IHI Corporation (Japan). These key players have adopted expansion as the key strategy.

The objective of this report is to estimate the turbocharger market from 2015 to 2020 for the industry professionals, suppliers and OEMs of the turbocharger market. The report also studies key market players in this industry along with their SWOT analysis. The market dynamics for turbochargers comprising of their drivers, restraints, opportunities, and challenges have also been analysed. PEST analysis and Porter’s Five Force Analysis for the global turbocharger market has also been studied in this report to provide enhanced qualitative insights of the turbocharger market.

Target Audience

  • Turbocharger manufacturers
  • Turbocharger component manufacturers
  • Raw material suppliers for turbocharger
  • Distributors and suppliers of turbochargers and its components
  • Automotive OEMs
  • Industry associations and experts

Scope of the Report

The global turbocharger market is studied in terms of volume (‘000 units) and value (USD million) under the following segments.

  • On-highway turbocharger market, by technology
    • Variable Geometry Turbocharger (VGT)/ Variable Nozzle Turbine (VNT)
    • Wastegate turbochargers
  • On-highway turbocharger market, by region
    • Asia-Oceania
      • By fuel type
        • Gasoline
        • Diesel
      • By vehicle type
        • Passenger car
        • LCV
        • HCV
    • Europe
      • By fuel type
        • Gasoline
        • Diesel
      • By vehicle type
        • Passenger car
        • LCV
        • HCV
    • North America
      • By fuel type
        • Gasoline
        • Diesel
      • By vehicle type
        • Passenger car
        • LCV
        • HCV
    • RoW
      • By fuel type
        • Gasoline
        • Diesel
      • By vehicle type
        • Passenger car
        • LCV
        • HCV
  • Off-highway turbocharger market, by application
    • Agricultural tractors
    • Construction vehicles
  • Locomotive turbocharger market, by region
    • Asia-Oceania
    • Europe
    • North America
    • RoW

Available customizations:

  • Regional analysis: For further countries such as Spain, Portugal, Belgium, The Netherlands, and Sweden among others
  • Automotive Sideshaft Material Market by Type, Automotive CVJ market by Type, and detailed analysis
  • Turbocharger Housing Market, By Material Type
  • Twin Turbocharger Market, By Type
  • Company profiles: Profiling of additional market players (up to 3).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 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 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Increasing Population Across the Globe
                    2.4.2.2 Impact of Gdp on Commercial Vehicle Sales
                    2.4.2.3 Infrastructure: Roadways
                    2.4.2.4 Infrastructure: Rail Network
           2.4.3 Supply Side Analysis
                    2.4.3.1 Influence of Other Factors Such as Safety Regulations
    2.5 Market Size Estimation
    2.6 Market Breakdown & Data Triangulation
    2.7 Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 38)
    4.1 On-Highway Turbocharger Market, By Vehicle Type & Region
    4.2 On-Highway Turbocharger Market, By Key Countries
    4.3 On-Highway Turbocharger Market, By Fuel Type
    4.4 Off-Highway Turbocharger Market, By Application
    4.5 On-Highway Turbocharger Market, By Technology
    4.6 Top 4 Countries in On-Highway Turbocharger Market
    4.7 Locomotive Turbocharger Market, By Region
    4.8 Supercharger Market, By Region
    4.9 Key Market Players: Who Supplies to Whom

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Global Vehicle Production
                    5.3.1.2 Engine Downsizing to Reduce Vehicle Weight
                               5.3.1.2.1 Turbochargers: A Device for Engine Downsizing
           5.3.2 Restraints
                    5.3.2.1 Turbo Lag
                               5.3.2.1.1 Superchargers Eliminates Issue of Turbo-Lag
                    5.3.2.2 Electric Vehicles
           5.3.3 Opportunities
                    5.3.3.1 Increasing Turbochargers Penetration in Gdi Engines
                    5.3.3.2 Electric Turbochargers
           5.3.4 Challenges
                    5.3.4.1 Efficient, Low-Noise, & Low-Priced Turbochargers Abiding Regulations
           5.3.5 Burning Issue
                    5.3.5.1 Turbocharger Noise/ Turbocharger Whistle
    5.5 Value Chain Analysis
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Threat of Substitutes
           5.6.3 Bargaining Power of Buyers
           5.6.4 Bargaining Power of Suppliers
           5.6.5 Intensity of Competitive Rivalry
    5.7 Market Lifecycle
    5.8 Technology Overview in Turbochargers
           5.8.1 Shift Towards Gasoline Fuel in Europe
           5.8.2 Turbocharged Engines are the Future
    5.9 Emission & Fuel Economy Norms
           5.9.1 Upcoming Emission & Fuel Economy Standards
           5.9.2 Europe
           5.9.3 North America
                    5.9.3.1 U.S. Federal Standards
                    5.9.3.2 California Standards
           5.9.4 Asia-Oceania
                    5.9.4.1 China
                    5.9.4.2 Japan
                    5.9.4.3 India
                    5.9.4.4 South Korea
           5.9.5 Rest of the World
                    5.9.5.1 Brazil
                    5.9.5.2 South Africa
    5.1 Engine Downsizing Trends
           5.10.1 Asia-Oceania
                    5.10.1.1 China
                    5.10.1.2 Japan
                    5.10.1.3 India
                    5.10.1.4 South Korea
           5.10.2 Europe
           5.10.3 North America
           5.10.4 Rest of the World
                    5.10.4.1 Brazil
                    5.10.4.2 South Africa

6 On-Highway Turbocharger Market, By Technology (Page No. - 69)
    6.1 Introduction
    6.2 Variable Geometry Turbocharger (VGT)/ Variable Nozzle Turbine (VNT)
           6.2.1 VGT/VNT Turbocharger Market, By Region
           6.2.2 VGT/VNT Turbocharger Market, By Vehicle Type
    6.3 Wastegate Turbochargers
           6.3.1 Wastegate Turbocharger Market, By Region
           6.3.2 Wastegate Turbocharger Market, By Vehicle Type
    6.4 Twin Turbo: Emerging Technology

7 Off-Highway Turbocharger Market, By Application (Page No. - 76)
    7.1 Introduction
    7.2 Agriculture Tractors Turbochargers Market, By Region
    7.3 Construction Vehicles Turbochargers Market, By Region

8 Locomotive Turbocharger Market (Page No. - 83)
    8.1 Introduction
    8.2 Locomotive Turbocharger Market, By Region

9 Passenger Car Superchargers Market (Page No. - 86)
    9.1 Introduction
    9.2 Supercharger Markets for Passenger Cars, By Region

10 On-Highway Turbocharger Market, By Region (Page No. - 88)
     10.1 Introduction
     10.2 Pest Analysis
             10.2.1 Pest Analysis – Asia-Oceania
                        10.2.1.1 Political Factors
                        10.2.1.2 Economic Factors
                        10.2.1.3 Social Factors
                        10.2.1.4 Technological Factors
             10.2.2 Pest Analysis - Europe
                        10.2.2.1 Political Factors
                        10.2.2.2 Economic Factors
                        10.2.2.3 Social Factors
                        10.2.2.4 Technological Factors
             10.2.3 Pest Analysis – North America
                        10.2.3.1 Political Factors
                        10.2.3.2 Economic Factors
                        10.2.3.3 Social Factors
                        10.2.3.4 Technological Factors
             10.2.4 Pest Analysis - Rest of the World
                        10.2.4.1 Political Factors
                        10.2.4.2 Economic Factors
                        10.2.4.3 Social Factors
                        10.2.4.4 Technological Factors
     10.3 Regional Overview
     10.4 Asia-Oceania
             10.4.1 Asia-Oceania: On-Highway Turbocharger Market, By Country
                        10.4.1.1 Asia-Oceania: On-Highway Turbocharger Market, By Vehicle & Fuel Type
                        10.4.1.2 China: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.4.1.3 Japan: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.4.1.4 India: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type
                        10.4.1.5 South Korea: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type
                        10.4.1.6 Rest of Asia-Oceania: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type
     10.5 Europe
             10.5.1 Europe: On-Highway Turbocharger Market, By Country
                        10.5.1.1 Europe: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.5.1.2 Germany: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.5.1.3 France: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.5.1.4 U.K.: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.5.1.5 Spain: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.5.1.6 Rest of Europe: On-Highway Turbocharger Market, By Fuel & Vehicle Type
     10.6 North America
             10.6.1 North America: On-Highway Turbocharger Market, By Country
                        10.6.1.1 North America: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.6.1.2 U.S.: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.6.1.3 Mexico: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.6.1.4 Canada: On-Highway Turbocharger Market, By Fuel & Vehicle Type
     10.7 Rest of the World
             10.7.1 RoW: On-Highway Turbocharger Market, By Country
                        10.7.1.1 Rest of the World: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.7.1.2 Brazil: On-Highway Turbocharger Market, By Fuel & Vehicle Type
                        10.7.1.3 Russia: On-Highway Turbocharger Market, By Fuel & Vehicle Type, 2013–2020
                        10.7.1.4 Others: On-Highway Turbocharger Market, By Fuel & Vehicle Type

11 Competitive Landscape (Page No. - 144)
     11.1 Overview
     11.2 Market Share Analysis, Automotive Turbocharger Market
     11.3 Competitive Situation & Trends
     11.4 Battle for Market Share: Expansion Was the Key Strategy
     11.5 Expansions
     11.6 New Product Launches & Developments
     11.7 Mergers & Acquisitions
     11.8 Agreements, Partnerships, Collaborations, & Joint Ventures

12 Company Profiles (Page No. - 152)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Borg Warner Inc.
     12.3 Cummins Inc.
     12.4 Honeywell International Inc.
     12.5 Mitsubishi Heavy Industries Ltd.
     12.6 IHI Corporation
     12.7 Continental AG
     12.8 Eaton Corporation PLC
     12.9 Bosch Mahle Turbo Systems
     12.10 Turbo Energy Private Limited
     12.11 Rotomaster International

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments May Not Be Available in Case of Unlisted Companies.

13 Appendix (Page No. - 179)
     13.1 Insights of Industry Experts
     13.2 Other Developments
     13.3 Discussion Guide
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
             13.5.1 Regional Analysis
             13.5.2 Turbocharger Market, By Technology (On Country Level)
             13.5.3 Turbocharger Housing Market, By Material Type
             13.5.4 Twin Turbocharger Market, By Type
             13.5.5 Company Information
     13.6 Related Reports


List of Tables (75 Tables)

Table 1 Key Market Players: Who Supplies to Whom, 2014
Table 2 Increase in Global Vehicle Production Along With Engine Downsizing Trend to Boost the Turbo Market
Table 3 Turbo Lag, Turbo Noise, & Growing Popularity of Electric Vehicles Proving to Be A Restraint for Turbocharger Market
Table 4 Increasing Turbochargers Penetration in Gdi Engines & Electric Turbochargers are Bright Opportunities for Turbocharger Market
Table 5 Overview of Emission & Fuel Economy Regulation Specifications for Passenger Cars
Table 6 Turbocharger Market Size, By Technology, 2013–2020 (‘000 Units)
Table 7 VGT/VNT Turbocharger Market Size, By Region, 2013–2020 (‘000 Units)
Table 8 VGT/VNT Turbocharger Market Size, By Vehicle Type, 2013–2020 (‘000 Units)
Table 9 Wastegate Turbocharger Market Size, By Region, 2013–2020 (‘000 Units)
Table 10 Wastegate Turbocharger Market Size, By Vehicle Type, 2013–2020 (‘000 Units)
Table 11 Off-Highway Turbocharger Market Size, By Application, 2013–2020 (‘000 Units)
Table 12 Off-Highway Turbocharger Market Size, By Application, 2013–2020 (USD Million)
Table 13 Agricultural Tractors Turbocharger Market Size, By Region, 2013–2020 (‘000 Units)
Table 14 Agricultural Tractors Turbocharger Market Size, By Region, 2013–2020 (USD Million)
Table 15 Construction Vehicles Turbocharger Market Size, By Region, 2013–2020 (‘000 Units)
Table 16 Construction Vehicles Turbocharger Market Size, By Region, 2013–2020 (USD Million)
Table 17 Locomotive Turbocharger Market, By Region 2013–2020 (Units)
Table 18 Passenger Car Supercharger Market, By Region, 2013–2020 (‘000 Units)
Table 19 On-Highway Turbocharger Market Size, By Region, 2013–2020 (‘000 Units)
Table 20 On-Highway Turbocharger Market Size, By Region, 2013–2020 (USD Million)
Table 21 On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 22 On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 23 Asia-Oceania: On-Highway Turbocharger Market Size, By Country, 2013–2020 (‘000 Units)
Table 24 Asia-Oceania: On-Highway Turbocharger Market Size, By Country, 2013–2020 (USD Million)
Table 25 Asia-Ocenia: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 26 Asia-Oceania: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 27 China: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 28 China: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 29 Japan: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 30 Japan: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 31 India: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 32 India: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 33 South Korea: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 34 South Korea: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 35 Rest of Asia-Oceania: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 36 Rest of Asia-Oceania: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 37 Europe: On-Highway Turbocharger Market Size, By Country, 2013–2020 (‘000 Units)
Table 38 Europe: On-Highway Turbocharger Market Size, By Country, 2013–2020 (USD Million)
Table 39 Europe: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 40 Europe: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 41 Germany: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 42 Germany: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 43 France: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 44 France: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 45 U.K.: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 46 U.K: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 47 Spain: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 48 Spain: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 49 Rest of Europe: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 50 Rest of Europe: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 51 North America: On-Highway Turbocahrger Market Size, By Country, 2013–2020 (‘000 Units)
Table 52 North America: On-Highway Turbocharger Market Size, By Country, 2013–2020 (USD Million)
Table 53 North America: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 54 North America: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 55 U.S.: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 56 U.S.: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 57 Mexico: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 58 Mexico: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 59 Canada: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 60 Canada: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 61 RoW: On-Highway Turbocharger Market Size, By Country, 2013–2020 (‘000 Units)
Table 62 RoW: On-Highway Turbocharger Market Size, By Country, 2013–2020 (USD Million)
Table 63 RoW: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 64 RoW: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 65 Brazil: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 66 Brazil: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 67 Russia: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 68 Russia: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 69 Others: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (‘000 Units)
Table 70 Others: On-Highway Turbocharger Market Size, By Fuel & Vehicle Type, 2013–2020 (USD Million)
Table 71 Regional Expansion is the Key Strategy Adopted By Automotive Turbocharger Market Players, 2010–2015
Table 72 Expansions, 2010–2015
Table 73 New Product Launches & Developments, 2010–2015
Table 74 Mergers & Acquisitions, 2010–2015
Table 75 Agreements, Partnerships, Collaborations, & Joint Ventures, 2010–2015


List of Figures (61 Figures)

Figure 1 Turbocharger Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Significant Growth in Global Population (Million), 2004–2014
Figure 6 Gross Domestic Product vs Commercial Vehicle Sales
Figure 7 Roadways Infrastructure: Road Network (Km), By Country, 2011
Figure 8 Rail Network, 2012
Figure 9 Micro & Macro Factor Analysis
Figure 10 On-Highway Turbocharger Market Size Estimation, By Fuel & Vehicle Type : Bottom-Up Approach
Figure 11 Locomotive Turbocharger Market Size Estimation, By Region : Bottom-Up Approach
Figure 12 Asia-Oceania: Largest Market for On-Highway Turbocharger
Figure 13 Gasoline Turbochargers to Hold Majority of Market Size By Value By 2020
Figure 14 VGT/VNT Turbochargers to Dominate During the Forecast Period
Figure 15 Agricultural Tractors to Lead the Global Off-Highway Turbocharger Market During the Forecast Period (USD Million)
Figure 16 Asia-Oceania & North American Region to Have the Maximum Number of Turbocharged Locomotives in 2015
Figure 17 as of 2015, Passenger Cars to Dominate the On-Highway Turocharger Market
Figure 18 China & U.S. - Fastest Growing On-Highway Turbocharger Market By Value From 2015 to 2020
Figure 19 Gasoline Turbocharger Market Dominated By Asia-Oceania & North America, 2015
Figure 20 Asia-Oceania Agriculture Tractor Segment to Hold the Largest Share in the Global Off-Highway Turbocharger Market, By Value (2015)
Figure 21 VGT/VNT is the Fastest Growing Technology in the On-Highway Turbocharger Market, By Value
Figure 22 China, Germany, U.S., & India Projected to Dominate the On-Highway Turbocharger Market, 2015–2020 (USD Million)
Figure 23 Locomotive Turbocharger Market in Terms of Volume is Largest in Asia-Oceania Region, 2015 vs 2020
Figure 24 European Region is Estimated to Be the Largest Market for Superchargers By 2020
Figure 25 Turbocharger Market Dynamics
Figure 26 Decreasing Trend of Average Engine Displacement
Figure 27 Battery Electric Vehicle: A Threat for Turbochargers
Figure 28 Turbochargers & Gasoline Engines: A New Alliance
Figure 29 Turbocharger Market: Value Chain Analysis
Figure 30 Porter’s Five Forces Analysis
Figure 31 Asia-Oceania: Growing Market for Turbocharger
Figure 32 ASP Analysis
Figure 33 Emission Norms Analysis : Nitrogen Oxides vs Particulate Matter (PM)
Figure 34 EU & India: Gasoline Passenger Car Co Emission Trends, 1992–2017 (G/Km)
Figure 35 VGT/VNT Turbochargers to Lead On-Highway Turbocharger Market in Terms of Volume By 2020
Figure 36 Europe to Lead VGT/VNT Turbocharger Market Size in Terms of Volume, 2015
Figure 37 Asia-Oceania to Hold the Largest Market Share in Terms of Volume for Wastegate Turbochargers, 2015
Figure 38 Rail Lines (Total Route-Km), 2005 vs 2011
Figure 39 Roads, Paved (% of Total Roads), 2005 vs 2011
Figure 40 Agriculture, Value Added, 2014 (% of GDP)
Figure 41 Off-Highway Turbocharger Market, By Application
Figure 42 Locomotive Turbocharger Market, By Region, 2015–2020 (Units)
Figure 43 Global On-Highway Turbocharger Market Size By Value: Asia-Oceania Estimated to Be the Largest Market (2015)
Figure 44 Asia-Oceania On-Highway Turbocharger Market: Regional Snapshot (2015)
Figure 45 North American On-Highway Turbocharger Market: Regional Snapshot (2015)
Figure 46 Companies Adopted Regional Expansion as the Key Growth Strategy From 2010 to 2015
Figure 47 Mitsubishi Heavy Industries Ltd. Grew at the Fastest Rate From 2012 to 2014
Figure 48 On-Highway Turbocharger Market Share (OEM), By Key Player, 2014
Figure 49 Region-Wise Revenue Mix of Top 5 Market Players
Figure 50 Borgwarner Inc.: Company Snapshot
Figure 51 Borgwarner Inc.: SWOT Analysis
Figure 52 Cummins Inc.: Company Snapshot
Figure 53 Cummins Inc.: SWOT Analysis
Figure 54 Honeywell International Inc.: Company Snapshot
Figure 55 Honeywell International Inc..: SWOT Analysis
Figure 56 Mitsubishi Heavy Industries: Company Snapshot
Figure 57 Mitsubishi Heavy Industries Ltd.: SWOT Analysis
Figure 58 IHI Corporation: Company Snapshot
Figure 59 IHI Corporation: SWOT Analysis
Figure 60 Continental AG: Company Snapshot
Figure 61 Eaton Corporation PLC: Company Snapshot

Turbocharger is used to boost the power output of the engine and is driven by the exhaust from the engine. On the basis of technology, the on-highway turbocharger market has been broadly classified into VNT/VNT and wastegate. With the growth in vehicle production all around the world, the market for turbocharger is also estimated to grow at a CAGR of 10.21% by value from 2015 to 2020. Key drivers for the on-highway turbocharger market include increase in global vehicle production and engine downsizing trend that facilitates fuel efficiency and reduced emissions.

The global market in terms of value for on-highway turbocharger is estimated to be USD 13.6 Billion in 2015 and is projected to grow to USD 22.1 Billion by 2020, at a CAGR of 10.21% for the period 2015-2020

The VGT/VNT technology has more presence than the wastegate technology in turbochargers around the globe. However, an opposite trend can be observed in the Asia-Oceania region, where wastegate turbochargers have a larger market share following cost-effective advantages of the wastegate turbochargers. In Asia-Oceania, the VGT/VNT technology is growing rapidly, and is projected to grow at a highest CAGR of 14.61% in terms of volume. The on-highway turbocharger market depicts different trends in different regions of the world. The Asia-Oceania region is estimated to register fastest growth rate in this market, considering macro and micro economic factors and demographic conditions in this region. The Asia-Oceania region comprises some of the fastest-growing economies with availability of cheap labor and developing infrastructure. This region has, therefore, become a hub of production facilities and R&D centers set up by various OEMs.

The on-highway turbocharger market is dominated by passenger cars in terms of market share by volume. Passenger cars account for the largest market share of on-highway turbochargers, followed by LCVs and HCVs. The increasing application of turbochargers in gasoline engines has resulted in the highest CAGR for the on-highway turbocharger market for passenger cars. As of 2015, the gasoline turbocharger market is estimated to account for 52.4% of the global market share in terms of value. The gasoline on-turbocharger market for passenger cars grows at a higher rate than the diesel on-turbocharger market. A similar trend is projected for the LCV turbocharger market.

The global on-highway turbocharger market is dominated by some international as well as local players, and some of them are BorgWarner Inc. (U.S.), Honeywell International Inc. (U.S.), Cummins Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), and IHI Corporation (Japan) among others.

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