“The APAC turbocharger market was valued at an estimated $4,080.1 million in 2014, and is expected to reach $6,780.6 million by 2019, at a CAGR of 10.7% from 2014 to 2019. China is expected to have a market share of 63.0% in the APAC turbocharger market by 2019, progressing at a CAGR of 11.0% from 2014 to 2019. The turbocharger market in the APAC region is segregated into countries such as China, India, Japan, and South Korea. Factors driving the market for turbochargers in Asia-Pacific include rising vehicle production, upcoming emission norms, and growing diesel vehicles.
The turbocharger market is segmented by vehicle type into passenger car, LCV, and HCV. The passenger car turbocharger market dominates over LCV and HCV segments and it is projected to grow at a CAGR of 11.3% from a market size of $3,067.9 million in 2014 to $5,237.1 million by 2019
Geographically, the Asia-Pacific region for the turbocharger market is divided into countries such as China, Japan, India, and South Korea. The China turbocharger market was valued at $2,533.1 million in 2014, and is expected to reach $4,270.1 million by 2019, at a CAGR of 11.0% from 2014 to 2019. India is expected to grow at CAGR of 10.7% during the forecast period.
The APAC turbocharger market is a competitive market, with a number of large market players with advanced technologies. As of 2014, the APAC turbocharger market is estimated to be dominated by IHI Corporation, Mitsubishi Heavy Industries Ltd, and Honeywell International Inc. New product launches and expansions are major strategies adopted by most of the market players to achieve growth in Asia-Pacific turbocharger market.
Note: Others include Thailand, Australia, and Singapore.
”
“TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET SEGMENTATION AND COVERAGE 10
1.3 STAKEHOLDERS 10
2 RESEARCH METHODOLOGY 11
2.1 INTEGRATED ECOSYSTEM OF TURBOCHARGER MARKET 12
2.2 ARRIVING AT THE TURBOCHARGER MARKET SIZE 13
2.2.1 TOP-DOWN APPROACH 14
2.2.2 BOTTOM-UP APPROACH 15
2.2.3 MACROINDICATOR APPROACH 16
2.3 ASSUMPTIONS 17
3 EXECUTIVE SUMMARY 18
4 MARKET OVERVIEW 20
4.1 INTRODUCTION 20
4.2 ASIA-PACIFIC TURBOCHARGER MARKET: GROWTH ASPECTS 21
4.3 ASIA-PACIFIC AUTOMOTIVE TURBOCHARGER MARKET: COMPARISON WITH PARENT MARKET 22
4.4 MARKET DRIVERS AND INHIBITORS 23
4.5 KEY MARKET DYNAMICS 24
4.6 DEMAND SIDE ANALYSIS 28
5 ASIA-PACIFIC TURBOCHARGER MARKET, BY VEHICLE TYPE 29
5.1 INTRODUCTION 30
5.2 DEMAND-SIDE ANALYSIS 32
5.3 ASIA-PACIFIC TURBOCHARGER MARKET IN PASSENGER CAR, BY GEOGRAPHY 34
5.4 ASIA-PACIFIC TURBOCHARGER MARKET IN LCV SEGMENT, BY GEOGRAPHY 36
5.5 ASIA-PACIFIC TURBOCHARGER MARKET IN HCV SEGMENT, BY GEOGRAPHY 38
6 ASIA-PACIFIC TURBOCHARGER MARKET, BY FUEL TYPE 40
6.1 INTRODUCTION 41
6.2 ASIA-PACIFIC GASOLINE TURBOCHARGER MARKET, BY FUEL TYPE 43
6.3 ASIA-PACIFIC DIESEL TURBOCHARGER MARKET, BY FUEL TYPE 45
7 ASIA-PACIFIC TURBOCHARGER MARKET, BY GEOGRAPHY 47
7.1 INTRODUCTION 48
7.2 CHINA TURBOCHARGER MARKET, BY VEHICLE TYPE 52
7.3 JAPAN TURBOCHARGER MARKET, BY VEHICLE TYPE 54
7.4 INDIA TURBOCHARGER MARKET, BY VEHICLE TYPE 56
7.5 SOUTH KOREA TURBOCHARGER MARKET, BY VEHICLE TYPE 58
8 ASIA-PACIFIC TURBOCHARGER MARKET: COMPETITIVE LANDSCAPE 61
8.1 ASIA-PACIFIC TURBOCHARGER MARKET: MARKET SHARE ANALYSIS 61
8.2 MERGERS & ACQUISITIONS 62
8.3 JOINT VENTURES, PARTNERSHIPS, COLLABORATIONS, AND SUPPLY CONTRACTS 62
8.4 EXPANSIONS 63
8.5 INVESTMENTS 64
8.6 NEW PRODUCT TECHNOLOGY LAUNCHES 64
9 ASIA-PACIFIC TURBOCHARGER MARKET, BY COMPANY 65
(Overview, Financials, Products & Services, Strategy, and Developments)*
9.1 IHI CORPORATION 65
9.2 MITSUBISHI HEAVY INDUSTRIES LTD. 68
9.3 BORGWARNER INC. 71
9.4 CUMMINS INC. 74
9.5 HONEYWELL INTERNATIONAL INC. 77
9.6 CONTINENTAL AG 80
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted company
10 APPENDIX 82
10.1 CUSTOMIZATION OPTIONS 82
10.1.1 TECHNICAL ANALYSIS 82
10.1.2 REGULATORY FRAMEWORK 82
10.1.3 IMPACT ANALYSIS 82
10.1.4 HISTORICAL DATA AND TRENDS 82
10.2 RELATED REPORTS 83
10.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 84
10.3.1 RT SNAPSHOTS 85
“
“LIST OF TABLES
UU
TABLE 1 GLOBAL TURBOCHARGER MARKET PEER MARKET SIZE, 2014 (USD MN) 14
TABLE 2 ASIA-PACIFIC TURBOCHARGER MARKET: MACROINDICATORS, BY GEOGRAPHY,
2014 (‘000 UNITS) 16
TABLE 3 ASIA-PACIFIC TURBOCHARGER MARKET: COMPARISON WITH PARENT MARKET,
2012 – 2019 (‘000 UNITS) 22
TABLE 4 ASIA-PACIFIC TURBOCHARGER MARKET: COMPARISON WITH PARENT MARKET,
2012 – 2019 (USD MN) 22
TABLE 5 ASIA-PACIFIC TURBOCHARGER MARKET: DRIVERS AND INHIBITORS 23
TABLE 6 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012-2019 (‘000 UNITS) 24
TABLE 7 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012-2019 (USD MN) 25
TABLE 8 ASIA-PACIFIC TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019 (‘000 UNITS) 25
TABLE 9 ASIA-PACIFIC TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019 (USD MN) 26
TABLE 10 ASIA-PACIFIC TURBOCHARGER MARKET: BY GEOGRAPHY, 2012 – 2019 (‘000 UNITS) 26
TABLE 11 ASIA-PACIFIC TURBOCHARGER MARKET: BY GEOGRAPHY, 2012 – 2019 (USD MN) 27
TABLE 12 ASIA-PACIFIC TURBOCHARGER MARKET: COMPARISON WITH PARENT MARKET,
2012-2019 (‘000 UNITS) 28
TABLE 13 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012-2019 (‘000 UNITS) 30
TABLE 14 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012-2019 (USD MN) 31
TABLE 15 ASIA-PACIFIC PASSENGER CAR TURBOCHARGERS MARKET: BY GEOGRAPHY,
2012-2019 (‘000 UNITS) 34
TABLE 16 ASIA-PACIFIC PASSENGER CAR TURBOCHARGERS MARKET: BY GEOGRAPHY,
2012-2019 (USD MN) 35
TABLE 17 ASIA-PACIFIC LCV TURBOCHARGERS MARKET: BY GEOGRAPHY,
2012-2019 (‘000 UNITS) 36
TABLE 18 ASIA-PACIFIC: LCV TURBOCHARGERS MARKET, BY GEOGRAPHY, 2012-2019 (USD MN) 37
TABLE 19 ASIA-PACIFIC HCV TURBOCHARGERS MARKET: BY GEOGRAPHY,
2012-2019 (‘000 UNITS) 38
TABLE 20 ASIA-PACIFIC HCV TURBOCHARGERS MARKET: BY GEOGRAPHY, 2012-2019 (USD MN) 39
TABLE 21 ASIA-PACIFIC TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019 (‘000 UNITS) 42
TABLE 22 ASIA-PACIFIC TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019 (USD MN) 42
TABLE 23 ASIA-PACIFIC GASOLINE FUEL TURBOCHARGER MARKET: BY VEHICLE TYPE,
2012 – 2019, (‘000 UNITS) 43
TABLE 24 ASIA-PACIFIC GASOLINE FUEL TURBOCHARGER MARKET: BY VEHICLE TYPE,
2012 – 2019 (USD MN) 44
TABLE 25 ASIA-PACIFIC DIESEL FUEL TURBOCHARGER MARKET: BY VEHICLE TYPE,
2012 – 2019, (‘000 UNITS) 45
TABLE 26 ASIA-PACIFIC DIESEL FUEL TURBOCHARGER MARKET, BY VEHICLE TYPE,
2012 – 2019, (USD MN) 46
TABLE 27 ASIA-PACIFIC TURBOCHARGER MARKET: BY COUNTRY, 2012 – 2019 (‘000 UNITS) 49
TABLE 28 ASIA-PACIFIC TURBOCHARGER MARKET VALUE, BY COUNTRY, 2012 – 2019 (USD MN) 50
TABLE 29 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019 (‘000 UNITS) 50
TABLE 30 ASIA-PACIFIC TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019 (USD MN) 51
TABLE 31 CHINA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (‘000 UNITS) 52
TABLE 32 CHINA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (USD MN) 52
TABLE 33 CHINA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (‘000 UNITS) 53
TABLE 34 CHINA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (USD MN) 53
TABLE 35 JAPAN TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (‘000 UNITS) 54
TABLE 36 JAPAN TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (USD MN) 54
TABLE 37 JAPAN TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (‘000 UNITS) 55
TABLE 38 JAPAN TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (USD MN) 55
TABLE 39 INDIA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (‘000 UNITS) 56
TABLE 40 INDIA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (USD MN) 56
TABLE 41 INDIA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (‘000 UNITS) 57
TABLE 42 INDIA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (USD MN) 57
TABLE 43 SOUTH KOREA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019 (‘000 UNITS) 58
TABLE 44 SOUTH KOREA TURBOCHARGER MARKET: BY VEHICLE TYPE, 2012 – 2019, (USD MN) 59
TABLE 45 SOUTH KOREA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (‘000 UNITS) 59
TABLE 46 SOUTH KOREA TURBOCHARGER MARKET: BY FUEL TYPE, 2012 – 2019, (USD MN) 59
TABLE 47 ASIA-PACIFIC TURBOCHARGER MARKET: MARKET SHARE ANALYSIS, 2014 (%) 61
TABLE 48 ASIA-PACIFIC TURBOCHARGER MARKET: MERGERS & ACQUISITIONS 62
TABLE 49 ASIA-PACIFIC TURBOCHARGER MARKET: JOINT VENTURES, PARTNERSHIPS, COLLABORATIONS, AND SUPPLY CONTRACTS 62
TABLE 50 ASIA-PACIFIC TURBOCHARGER MARKET: EXPANSIONS 63
TABLE 51 ASIA-PACIFIC TURBOCHARGER MARKET: INVESTMENTS 64
TABLE 52 ASIA-PACIFIC TURBOCHARGER MARKET: NEW PRODUCT/TECHNOLOGY LAUNCHES 64
TABLE 53 IHI CORPORATION: KEY OPERATIONS DATA, 2009 – 2013 (USD MN) 66
TABLE 54 MITSUBISHI HEAVY INDUSTRIES LTD: KEY FINANCIALS, 2009 – 2013 (USD MN) 68
TABLE 55 MITSUBISHI HEAVY INDUSTRIES LTD.: KEY FINANCIALS, 2009 – 2013 (USD MN) 69
TABLE 56 BORGWARNER INC.: KEY OPERATIONS DATA, 2009 – 2013 (USD MN) 71
TABLE 57 BORGWARNER INC.: KEY FINANCIALS, 2009– 2013 (USD MN) 72
TABLE 58 CUMMINS INC.: KEY OPERATIONS DATA, 2009 – 2013 (USD MN) 74
TABLE 59 CUMMINS INC.: KEY FINANCIALS, 2009 – 2013 (USD MN) 75
TABLE 60 HONEYWELL INTERNATIONAL INC.: KEY FINANCIALS, 2009 – 2013 (USD MN) 78
TABLE 61 CONTINENTAL CORPORATION KEY FINANCIALS, 2009 – 2013 (USD MN) 80
“
“LIST OF FIGURES
FIGURE 1 ASIA-PACIFIC TURBOCHARGER MARKET: SEGMENTATION & COVERAGE 10
FIGURE 2 ASIA-PACIFIC TURBOCHARGER MARKET: INTEGRATED ECOSYSTEM 12
FIGURE 3 RESEARCH METHODOLOGY 13
FIGURE 4 TOP-DOWN APPROACH 14
FIGURE 5 BOTTOM-UP APPROACH 15
FIGURE 6 MACROINDICATOR-BASED APPROACH 16
FIGURE 7 ASIA-PACIFIC TURBOCHARGER MARKET: SNAPSHOT 2014 19
FIGURE 8 ASIA-PACIFIC TURBOCHARGER MARKET, BY VEHICLE TYPE, 2014 VS 2019 24
FIGURE 9 ASIA-PACIFIC TURBOCHARGER MARKET, BY GEOGRAPHY, 2014 & 2019 (USD MN) 25
FIGURE 10 ASIA-PACIFIC TURBOCHARGER MARKET, BY VEHICLE TYPE, 2014 – 2019 (‘000 UNITS) 30
FIGURE 11 ASIA-PACIFIC TURBOCHARGER MARKET, BY VEHICLE TYPE, 2014 – 2019 (USD MN) 31
FIGURE 12 ASIA-PACIFIC TURBOCHARGER MARKET IN PASSENGER CAR SEGMENT,
BY GEOGRAPHY, 2012-2019 (‘000 UNITS) 34
FIGURE 13 ASIA-PACIFIC TURBOCHARGER MARKET IN LCV SEGMENT, BY GEOGRAPHY,
2012-2019 (‘000 UNITS) 36
FIGURE 14 ASIA-PACIFIC TURBOCHARGER MARKET IN HCV SEGMENT, BY GEOGRAPHY,
2012-2019 (‘000 UNITS) 38
FIGURE 15 ASIA-PACIFIC TURBOCHARGER MARKET, BY FUEL TYPE, 2014 & 2019 ( ‘000 UNITS) 41
FIGURE 16 ASIA-PACIFIC TURBOCHARGER MARKET, BY FUEL TYPE, 2014 & 2019 (USD MN) 42
FIGURE 17 ASIA-PACIFIC GASOLINE TURBOCHARGER MARKET VOLUME, BY FUEL TYPE,
2012-2019 (‘000 UNITS) 43
FIGURE 18 ASIA-PACIFIC DIESEL TURBOCHARGER MARKET, BY FUEL TYPE, 2012-2019 (‘000 UNITS) 45
FIGURE 19 ASIA-PACIFIC TURBOCHARGER MARKET: BY GEOGRAPHY, 2014 & 2019, (‘000 UNITS) 48
FIGURE 20 ASIA-PACIFIC TURBOCHARGER MARKET: BY GEOGRAPHY, 2014 & 2019, (USD MN) 49
FIGURE 21 CHINA TURBOCHARGER MARKET, BY VEHICLE TYPE, 2012 – 2019 52
FIGURE 22 JAPAN TURBOCHARGER MARKET, BY VEHICLE TYPE, 2012 – 2019 54
FIGURE 23 INDIA TURBOCHARGER MARKET, BY VEHICLE TYPE, 2012 – 2019 56
FIGURE 24 SOUTH KOREA TURBOCHARGER MARKET, BY VEHICLE TYPE, 2012 – 2019 58
FIGURE 25 ASIA-PACIFIC TURBOCHARGER MARKET: MARKET SHARE ANALYSIS, 2014 (%) 61
FIGURE 26 IHI CORPORATION REVENUE MIX, 2013 (%) 65
FIGURE 27 MITSUBISHI HEAVY INDUSTRIES LTD. : REVENUE MIX, 2013 (%) 68
FIGURE 28 BORGWARNER INC.: REVENUE MIX, 2013 (%) 71
FIGURE 29 CONTRIBUTION OF ENGINE SEGMENT TO COMPANY REVENUE, 2008-2013 (USD MN) 72
FIGURE 30 CUMMINS INC.: REVENUE MIX, 2013 (%) 74
FIGURE 31 HONEYWELL INTERNATIONAL: REVENUE MIX, 2013 (%) 77
FIGURE 32 CONTINENTAL CORPORATION BUSINESS MIX, 2013 (%) 80
“