Honeywell Projects 49 Million Turbocharged Vehicle Sales By 2019
Strict global emissions regulations are one reason behind a projected $12 billion turbo automotive industry by 2019. Honeywell Turbo Technologies, a Fortune 100 diversified technology and manufacturing leader (www.honeywell.com), released its Global Turbo Forecast that estimates the industry will equip 49 million vehicles with turbochargers annually by 2019.
Downsized turbocharged engines are a “no compromise solution” for automakers seeking to satisfy more stringent global fuel economy and emission regulations and customer demand for better-performing vehicles. Turbochargers can help downsized engines improve fuel economy as much as 20 to 40 percent in gas and diesel engines, respectively, when compared with larger naturally aspirated engines and still provide the same or better engine performance. In addition to improving fuel efficiency, downsized turbocharged engines also reduce harmful exhaust emissions.
“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.”
The report predicts that China will lead global growth and double the number of turbocharged vehicles in the country to more than 13 million by 2019. The United States is predicted to be the second-fastest growing global market with eight million turbocharged vehicles sold by 2019. Sales in Europe, Japan, Korea and South America are also expected to increase.
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.