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49 Million Vehicles Turbocharged Annually by 2019

2014 Honeywell Global Turbo Forecast Predicts Worldwide Turbocharger Growth

Automakers seeking to navigate the technology roadmap driving the future of the industry are finding turbochargers to be a foundational enabler for the journey.

Honeywell Global Turbo Report 1

Honeywell Turbo Technologies (HTT) released its Global Turbo Forecast* that estimates the industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019. The continued growth of turbocharging technologies will be driven by requirements for manufacturers to meet global environmental emissions regulations and bolstered by strong demand in emerging markets.

“Continued pressure to improve the driver experience and meet future industry requirements is spurring the positive trend seen in this year’s forecast, which includes double-digit growth in both North America and China,” said Honeywell Transportation Systems president and CEO Terrence Hahn. “We expect the industry to produce more than 200 million new turbo-equipped vehicles during the next five years, driving continued demand for well-designed, boosted engines that reduce fuel consumption and improve vehicle performance.”

Turbo Projections

Honeywell Global Turbo Report 2

  • China leading global turbo growth: The world’s fastest-growing automotive market is expected to increase turbo penetration from 23 percent in 2014 to 41 percent in 2019, thereby doubling the number of turbocharged vehicles sold each year to more than 13 million.
  • U.S. adding turbos at double-digit rate: As the second-fastest-growing global market, North America’s turbo market will grow by 14 percent per year in the next five years to more than 8 million total turbocharged vehicles by 2019, equating to 38 percent of the market.
  • Europe adding gas turbos to world’s largest turbodiesel fleet: Turbo penetration in Europe is already the highest globally and will grow 2 percent by 2019 from 67 percent to 69 percent with an expected 16 million total turbocharged vehicles sold each year.
  • Turbo mix in India to shift toward more gas applications: Honeywell projects turbo penetration to increase 2 percent, from 46 percent in 2014 to 48 percent in 2019, with the total number of turbocharged vehicles sold each year approaching 3 million units.
  • Japan adding turbos despite expected decline in overall sales: Honeywell projects turbo penetration will increase by 5 percent from 18 percent in 2014 to 23 percent, reflecting annual sales of 1.3 million turbocharged vehicles by 2019.
  • Korea turbo penetration outpacing production: Honeywell projects turbo penetration to increase by 3 percent from 42 percent in 2014 to 45 percent, reflecting annual sales approaching 1 million turbocharged vehicles in 2019.
  • South America adding turbo technologies to mix: Honeywell projects turbo penetration to increase by 7 percent from 17 percent in 2014 to 24 percent, reflecting annual sales approaching 2 million turbocharged vehicles in 2019.

Honeywell began developing turbocharger solutions more than 60 years ago and continues to be the leading global developer of turbochargers, supplying nearly every major automaker with an average of 100 new applications released each year.

Turbocharging is proven not only to help increase fuel efficiency by up to 40 percent** in diesel engines and up to 20 percent** in gasoline powertrains, it is also enabling another global trend to take place…the development of leaner and smaller engines that offer big engine responsiveness.

It’s indeed a technology helping to address key macro-economic and environmental issues.

From micro-cars and light automobiles to construction vehicles and the racing circuit, Honeywell continues to play a key role in the global adoption of turbo technology. The 500 applications still in its development pipeline – due to launch in the next few years – reflect the tremendous growth that lays ahead for downsized turbocharged engines.

Honeywell Global Turbo Report 3

*The Honeywell Global Turbo Forecast is a proprietary analysis and estimate of automotive industry trends and is based on comprehensive data received from global vehicle- makers, third-party analysts and industry experts.

**Compared to non-turbocharged gas engines of equivalent power ratings.