Honeywell, the leading global developer of automotive turbochargers, expects the global turbo segment to double in the next five years, from 17 million new turbo vehicles in 2009 to 35 million in 2015. That includes a rapid growth in the U.S., where turbocharged vehicles are expected to grow from nearly one million (5%) vehicles sold today to more than four million (more than 20%) in five years. In China, turbocharging will grow from approximately 10% today to 20% by 2015.
The company also expects the global turbocharged commercial vehicle engine segment to grow rapidly from 3.5 million engines in 2009 to six million engines in 2015. Honeywell’s data is based on a collaboration of findings from industry analysts, including IHS Global Insight, J.D. Power & Associates, and R.L. Polk & Co., as well as customer forecasts, interviews, and discussions.
Tightening fuel economy and emissions standards worldwide, coupled with consumer demand for affordable, more fuel efficient vehicles, have automakers looking increasingly to turbocharging, which can deliver up to 20% better fuel economy on gas vehicles, and up to 40% better fuel economy on diesel vehicles, with no compromise on performance and at a significant cost discount to hybrid and electric vehicles.
For more information, read the press release.
