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Consumer Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
42%
13%
7%
30%
12%
50%
5%
9%
46% 46% 46%
56%
41%
43%
52% 51%
12%
41%
47%
14%
47%
7%
43%
40%
0%
10%
20%
30%
40%
50%
60%
Argentina Austraia Belgium Brazil Canada China France Germany
Potential Adopters Might be Willing Not Likley to Consider
%ofrespondents
In each of the countries survey , a significant portion of consumers
said that they would either be a first mover in the adoption of an
electric vehicle or at least might be willing to consider purchasing an
electric vehicle. China and India led the world with those considering
themselves potential first movers at 50 percent and 59 percent
respectively. This was a dramatic contrast to the potential first
movers in Japan (4 percent), France (5 percent), Belgium (7 percent),
and Germany (9 percent). But when potential first movers are
combined with those that might be willing to consider the purchase
of an electric vehicle, respondents around the world begin to look
more similar than different showing a collective high degree of
interest in electric vehicles. Only Japan had the majority
of respondents (52 percent) indicate they are not likely to consider
an electric vehicle. Europe seems divided, with more reluctance to
consider an electric vehicle in Belgium, France, Germany, and the UK
and greater receptivity in Spain, Italy, and Turkey. The U.S. and
Canada have very similar profiles with a near split between those
willing to consider and potential first movers versus those not likely
to consider an electric vehicle. Respondents in Brazil and Argentina
are much more interested in electric vehicles than their counterparts
in North America, while Australia’s respondents tend to look very
similar to those in North America. Finally, the Republic of Korea
(Korea) and Taiwan have profiles similar to those of the respondents
in southern Europe.
Global Consumer Interest for Buying Electric Vehicles,
By Country
Figure 1: Global Consumer Interest (%) for Buying Electric Vehicles, By Country
Source: Primary Analysis
Global Electric
Vehicles (EV) Market
generated a revenue
of USD XX Billion in
2017 and further the
industry is
anticipated to cross
USD XX Billion by
2024, expanding at a
CAGR of XX%, over
the forecast period
Manufacturing
Outlook
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Production of Turbochargers (Million Units), 2016-2024
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Competitive Outlook: Market Share (%) of Major Players, 2016
XX% XX% XX% XX% XX%
Global Automotive Turbocharger Import & Export Value (USD Billion), 2016-2024
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Source: Goldstein Research
Source: Goldstein Research
Manufacturing
Outlook
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Capacity & Customers Of Major Automotive Turbocharger Manufacturer in Canada
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Ottawa Calgary Montreal Edmonton Kingston Vaughan
Bases & Capacity in Canada (Units/Year), 2017
Number of OEM & Automobile Companies Manufacturing Turbocharger, 2016-2017
Source: Goldstein Research
XX
XX
2016
2017
XX
XX
2016
2017
Top 3 OEM’s Turbo
Nissan Garrett T28 & GT25
Series
Subaru IHI VF Series Mitsubishi TD05 Series
Technology
Outlook
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Trends In Turbocharged Engine Technology
XX
XX
XX
XX
XX
2000
2005
2010
2015
XX
XX
XX
XX
Trend Of The Engine Specific Power
SpecificPower(kW/L)
Key Technologies Of Advanced Turbocharger
Turbocharger Technology For High Pressure Charging
Top 5 Turbocharger Tech Innovations
Improved
Materials
Turbo
Refinement
Direct Fuel
Injection
Smarter
Sensors
Efficient
System
Design
In each of the countries survey , a
significant portion of consumers said th
they would either be a first mover in the
adoption of an electric vehicle or at least
might be willing to consider purchasing
an electric c vehicle or at least might be
willing to consider purchasing an electric
SAMPLE
In each of the countries survey , a significant
portion of consumers said that they would either
be a first mover in the adoption of an electric
vehicle or at least might be willing to consider
purchasing an electric c vehicle or at least might be
willing to consider purchasing an electricSAMPLE
Source: Goldstein Research
Source: XXXX
Industry Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Historical Analysis (2016-2017)
XX
XX
XX
XX
XX
XX
XX
XX
2016 2017
Vehicle Sales (Million Units), 2016-
2017
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2017
Adoption Rate (%) of Turbochargers
In Vehicles, 2016-2017
Source: Goldstein Research Source: Goldstein Research
Current Scenario (2018)
XX
XX
XX
XX
XX
XX
XX
2018
Vehicle Sales (Million
Units), 2018
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2018
Adoption Rate (%) of
Turbochargers In Vehicles,
2018
Forecast Analysis (2019-2025)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025
Vehicle Sales (Million Units), 2019-
2025
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2019 2020 2021 2022 2023 2024 2025
Adoption Rate (%) of Turbochargers
In Vehicles, 2019-2025
Source: Goldstein Research Source: Goldstein Research
Source: Goldstein Research Source: Goldstein Research
In each of the countries survey , a significant portion of consumers said that they would either be a first
mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric.
mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric
SAMPLE
In each of the countries survey , a
significant portion of consumers
said that they would either be a
first mover in the adoption of an
electric vehicle or at least might
be willing to consider purchasing
an electric c vehicle or at least
might be willing to consider
purchasing an electric
SAMPLE
In each of the countries survey , a significant portion of consumers said that they would either be a first
mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric.
mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric
SAMPLE
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
59%
14%
4%
13%
22%
19%
40%
11% 12%
34%
60%
44%
67%
61%
66%
50%
45%
42%
7%
26%
52%
20%
17%
15%
10%
44%
46%
0%
10%
20%
30%
40%
50%
60%
70%
80%
India Italy Japan Korea Spain Taiwan Turkey U.K U.S
Potential Adopters Might be Willing Not Likley to Consider
%ofrespondents
Interest in EVs is Clearly Growing
Source: Primary Analysis
Figure 2: Global Consumer Interest (%) for Buying Electric Vehicles, By Country
Figure 3: Global Consumer Interest for Buying Electric Vehicles, By Region
Source: Primary Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Consumer Profiles and Preferences
Who are the potential first movers most likely to
buy an electric vehicle? They are generally well-
educated, with a higher-than-average number
holding post-secondary degrees. They claim to
know much more about EVs than the might be
willing consumers. They tend to live in urban areas,
though suburbanites in the United States and Japan
are also represented among the first movers. They
are marginally more likely to be male than female
and represent the middle or upper class. They tend
to see themselves as environmentally conscious,
tech savvy, trendsetting, and politically active. They
claim to be more knowledgeable of EVs and
attribute a number of positive characteristics to
EVs: “coolness,” convenience, safety, stylishness,
and good value. On this latter point, potential first
movers are also sensitive to government incentives,
fuel efficiency, and the cost to charge a battery.
Among the potential first movers and might be
willing is a subset, the early adopters, who will
actually purchase an electric vehicle in the near
future. The appeal of electric
vehicles to those who indicated an interest is the
perception that these vehicles are cleaner, more
environmentally friendly, and more efficient than
traditional internal combustion-driven vehicles.
Despite their apparent eagerness to buy an electric
vehicle, however, the final decision to purchase or
not will be influenced by a number of factors,
including how well current and future vehicles
meet their needs. The survey also asked consumers
what style of vehicle they preferred. The first
choice of many consumers, from 29 percent in
Germany to 45 percent in Korea and Italy, is the
mid-sized sedan. Interesting exceptions include
Japan, where the greatest number said they would
prefer a minivan, and the UK, where drivers
selected hatchbacks as their vehicle of choice (see
Figure 3). Overall, the survey found yet again that
the automotive companies have potentially
cultivated a global consumer, where the
preferences across the globe for EVs seem to be
mid-size and small size sedans.
1st
Preference
3rd
Preference
2nd
Preference
Canada U.SU.KGermanyFranceChina Italy Japan Korea
Hatchback Small Sedan Mid-size Sedan Large Sedan Wagon SUV Minivan
18%
19%
9%
36%
32% 43%
36%
14%
39%
13%
24%25%
29%
10%
45% 24%
21%
18% 15% 15%15%
23%
45%
23%
40%
22%
32%
Figure 4: Consumers Vehicle Buying Preferences, By Types of Vehicles
Source: Primary Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Barrier:
Range and Distance Expectations
The expectation:
Despite the relatively high willingness of consumers
to consider an EV, many seem not willing to
compromise in key criteria, such as range. While on
average 80 percent of drivers surveyed typically
drive less than 80 kilometers per day, consumers
expect EVs to travel considerably farther. The U.S.
and France seemed to have the highest sensitivity
toward range, with only 63 percent and 67 percent,
respectively, satisfied with a range of 480
kilometers. India, Taiwan and Brazil, however,
seemed to have more realistic expectations, with
nearly half of their populations satisfied with a
range of up to 160 kilometers. In each country, the
majority of drivers expect ranges much longer than
their typical weekday driving distances and
correlate much closer to ranges provided in
conventional internal combustion engine (ICE)
vehicles. In all regions, expectations far outpaced
reality, typically by a factor of two to three times.
The reality:
Current technology permits most electric vehicles
to cover an average of only 160 kilometers
between charges. The main limiting factor for range
is energy density. Energy density represents how
much electrical energy the battery cam store
per unit mass. In recent years, lithium ion batteries
(LiBs) have offered the highest energy density and
power relative to their size and have a relatively
long life cycle. Looking at automobiles already
introduced and announced product introductions
around the world through 2013, for most
manufacturers, the driving range of their pure EVs
still falls short of consumer expectations (see Figure
5). In fact, there is little or no increase in range
beyond 160 kilometers over this time horizon
based on announced vehicle introductions from
most manufacturers.
But, manufacturers are working on the issue and
expect energy density to improve over the
remainder of the decade, reaching 200–250
Wh/kgii by 2020 assuming government targets are
hit. This will serve as one solution to help increase
the overall driving range but assuming the battery
size (i.e., mass) remains around the 150 kg weight
that is commonly used today, it still equates to a
driving range well short of current consumer
expectations. Manufacturers will likely turn to the
battery mass and operating efficiency (kilometers
per kilowatt hour of energy), in addition to energy
density, and vehicle weight reductions combined
with advanced high-strength, light weight material
compositions in order to increase driving ranges.
5% 6%
2% 3% 6% 3%
14%
5% 3%
20%
25%
14% 10%
26%
13%
16%
20%
17%
53%
38%
28%
27%
36%
39%
36%
28%
24%
71%
22%
23% 31%
17%
25%
21%
21%
19%
86%
79%
83%
78% 79%
94%
87%
85%
77%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Canada China France Germany Italy Japan Korea U.K U.S
400mile/640km
300mile/480km2
200 mile/320km
100 mile/160km
50 mile/80km
% that drive 50 miles/80
km per weekday
Figure 5: Range expectations exceed typical driving distance
Source: Primary Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Barrier: Price of Vehicles
 Consumer survey literature consistently finds that price is a major barrier to electric vehicle sales.
 Price includes the price premium between an EV and a comparable internal combustion engine.
 Surveys have also found that consumers are reluctant to pay more than a certain amount for an electric
vehicle, typically around $30,000. This is because “first cost" matters as well as price.
 Some important factors that influence price are battery costs and price of gasoline.
 Battery costs are expected to fall to about half current levels, but one consultant speculated that a variety of
factors such as increased cost of raw materials, increases in technology and need to greater range and thus
larger batteries would tend to offset the falling price.
 Consumers have also indicated a greater willingness to purchase an EV when gasoline prices are high.
 One report identified a conflict between government policies to improve vehicle efficiency and thus lowering
the cost to drive and electric vehicle policies.
Argentina Australia Belgium Brazil Canada China France Germany
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
53% 69% 71% 64% 66% 44% 66% 54%
10%
3%
2%
7%
6%
2%
5%
5%
9%
5%
6%
10%
6%
3%
5%
9%
8%
6%
10%
11%
12%
5%
5%
10%
7%
3%
4%
9%
17%
3% 2%
5%
4% 5%
India Italy Japan Korea Spain Taiwan U.K U.S
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
11%
13%
14%
49% 66% 67% 48% 60% 67% 71% 65%
3%
7%
11%
2%
13%
10%
10%
15%
8%
3%
8%
10%
11%
4%
7%
12%
6%
3%
7%
7%
5%
9%
9%
Same Price or Less USD 250 More USD 500 More USD 1000 More USD 2000 More
Figure 6 & 7: Consumers are not willing to Pay a Price Premium
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Barrier:
Recharging Time and Infrastructure
Recharge Time:
 So-called “fast” chargers are not fast enough
o 30 minute recharge unacceptable to
mainstream customers
o In one survey, auto executive explained:
“You need an electric car that can
recharge in five minutes – that’s how a
gas station works.”
 Battery chemistries and designs have trade offs
between energy density, cost, weight and
recharge times.
o High energy battery designs (Li-ion) are
limited to a 30 minute recharge.
o Hybrid batteries are designed for high
power and can be recharged in less than
5 minutes, but they are three times the
cost and twice the size and weight per
kWh.
 Batteries beyond Li-ion (e.g. Li-air) have
potential to improve range to 200-400 miles, but
have even longer recharge times.
Recharging Infrastructure:
 “If electric vehicles are to reach a broad market,
rather than just serving as second cars for city
dwellers with large garages, it will be essential
to create a public electric charging
infrastructure.” (BCG at 9).
 In one survey, 54% of surveyed consumers
would not consider purchasing an EV until
charging locations are widely available and as
easy to locate as gas stations today.
 One case study: with 10% vehicle stock as
electric, increased electric energy demand by
less than 2%. Electric companies paying for the
cost of recharging infrastructure amortized over
15 years, the cost would be double electric
price.
 Under current conditions, difficult business case
for utilities to invest in EV recharging
infrastructure without strong government
incentives and “clear technology roadmap from
OEMs.”
18%
23%
16%
6%
27% 18%
17%
13%
25%
17%
20%
17%
18%
19%
21%
27%
12%
24% 26%
37%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
CHINA U.S EUROPE JAPAN
30 Minutes
1 Hours
2 Hours
4 Hours
8 Hours
55%
81%
67%
60%
%ofpeople(Cumulative)
Figure 8: Longest Acceptable Time to Fully Recharge EV Battery
Source: Primary Analysis
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
The impact of electric cars on oil demand
Rising prosperity will boost car ownership, especially in emerging markets.
Meanwhile, fuel efficiency targets and lower battery costs are likely to spur
electrification.
“We expect oil demand to continue to grow throughout the next 20
years, driven by increasing transport demand, particularly in fast-
growing Asian economies.”
In the base case forecast, the global car fleet is expected to double from 0.9 billion
cars in 2015 to 1.8 billion by 2035 as rising incomes and improving road
infrastructure boosts car ownership. Within the same timeframe, the non-OECD
fleet will triple - from 0.4 billion cars to 1.2 billion.
The number of electric cars also rises significantly, from 1.2 million in 2015 to
around 100 million by 2035 (6% of the global fleet). Around a quarter of these
electric vehicles (EVs) are plug-in hybrids (PHEVs), which run on a mix of electric
power and oil, and three-quarters are pure battery electric vehicles (BEVs).
A key driver of the pace at which EVs penetrate the global car fleet is the extent to
which fuel economy standards are tightened. But EV penetration will also depend
on a number of other factors, including:
1. the pace at which battery costs continue to fall;
2. the size and durability of subsidies and other government policies
supporting EV ownership;
3. the speed at which the efficiency of conventional vehicles improves; and -
crucially – on
4. consumer preferences towards EVs.
An average passenger car is expected to achieve almost 50 miles per US gallon in
2035, compared with less than 30 MPG in 2015 - a faster rate of efficiency
improvement than in the past. The growth of electric cars also mitigates the
growth in oil demand, but the effect is much smaller: the 100 million increase in
electric cars reduces oil demand growth by 1.2 Mb/d. By comparison, this is
around a 10th of the impact of the gains in vehicle efficiency. Overall, the increase
in demand for car travel from the growing middle class in emerging economies
overpowers the effects of improving fuel efficiency and electrification, such that
liquid fuel demand for cars rises by 4 Mb/d - around a quarter of the total growth
over the Outlook.
Alternatives
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Factors influencing consumer behavior
Automotive Industry
EV Technology:
Range
Total Cost of
Ownership
Operating Cost
Purchase CostEV Technology:
Charge Time &
Convenience
- Residual
Value
- Auto
Insurance
- Battery
Replacement &
Recycling
Electric Utility Infrastructure
Government Policy
TODAY FUTURE
The global survey found that there is a common set
of expectations consumers have regarding the
range, charge time and purchase cost of an electric
vehicle. Survey results also show very similar
expectations for all segments of consumers.
Regardless of whether they thought of themselves
as potential first movers, might be willing to
consider an electric vehicle, or even those that are
not likely to consider an electric vehicle, their
expectations for range, charge time and purchase
price are extremely similar – and consistently and
significantly different from what automobile
manufacturers can offer today. The reality is that
when consumers actual expectations for range,
charge time, and purchase price are compared to
the actual market offerings available today, no
more than 2 to 4 percent of the population in any
country would have their expectations met today
based on a data analysis of all 13,000 individual
responses to the survey
This presents a daunting challenge for both
policymakers and automotive manufacturers
should they like to encourage electric vehicle
adoption.
It is clear from the survey that consumers’
expectations for EVs are much higher than anything
manufacturers can deliver today. But consumers
are also notorious for being fickle and changing
their mind; and doing so fairly quickly. Electric
utility infrastructure can play a significant role in
electric vehicle adoption. Plentiful electric power
generated through stable, dependable, clean and
cost-efficient sources (and delivered over smart
grids with acceptable economics for consumers),
coupled with easily accessible and economical
charge stations can make consumer concerns about
range and charge time dramatically less – even if EV
technology does not demonstrate any significant
improvements over the next decade. Higher oil
prices (anywhere from a 40 to 70 percent increase)
would also likely lessen the concerns consumers
have today about electric vehicle range, charge
time, and price.
Consumers remain concerned that electric vehicles
have a limited range. These concerns can be allayed
by installing infrastructure that recharges vehicle
batteries quickly, to accommodate long-distance
trips.
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Key Findings About Major Market Players
BMW reaches 100,000 electric vehicle sales target for
2017
The company also said it expects to grow its EV sales in
2018 by a double-digit percentage again, though perhaps
not as steep an increase.
BMW announced a partnership with battery startup Solid
Power earlier this year to help commercialize its solid-state
battery technology in a form suitable for use in consumer
vehicles, which will help improve things including safety,
range and long-term battery life vs. traditional lithium-ion
packs used today.
The automaker also intends to offer a dozen fully electric
vehicle options by 2025, and has a four-door sedan in the
works with a target street date of 2021
As Tesla Motors is solving the challenges of high price, low
range and slow charging, at the same time it is capitalizing
and building on the unique advantages electric vehicles
have always had and ultimately proving electric vehicles
superiority. This is largely the result of the visionary of Tesla
Motor‟s CEO Elon Musk who is aiming to transform the
world into sustainable energy and transportation through
solar panels and batteries.
Tesla Motors and NVIDIA have partnered since the early
development of the revolutionary Model S. Today, all Tesla
vehicles—Model S, Model X, and the upcoming Model 3—
will be equipped with an NVIDIA-powered on-board
“supercomputer” that can provide full self-driving
capability.
The Japanese automaker was quick to market with the Leaf
launching in 2010. It’s not the best-selling all-electric car
today, but it has accumulated a record number of deliveries
over the years.
But when launching the next-gen Leaf, Nissan said that it
expects to increase Leaf production to match increased
demand with the new version. It’s now in production in
Japan, the UK, and the US.
Renault-Nissan’s new partnership with Dongfeng is called
eGT New Energy Automotive Company, and it’ll be split
between Nissan with 25 percent ownership, Renault with
another 25, and Dongfeng with the remaining 50 perecent.
The first vehicle from the JV will be a new electric vehicle
based on one of Renault-Nissan’s subcompact crossover
SUV platform designs.
BMW Motors Insights
Tesla Insights
Nissan Insights
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Europe Electric Cars Market: Overview
Battery Electric Car Revolution
The car industry is at a turning point. Battery
electric vehicles (BEV) are becoming increasingly
competitive. The major barriers to demand –
charging infrastructure, range and pricing - are
about to be broken:
• Charging infrastructure: ultra fast charging of
batteries will enable a 300km charge in 20 minutes.
This will further improve over time.
• Range anxiety: New battery technology should
improve range to increasingly meet consumer
expectations from 2020 onwards.
• Pricing and total cost of ownership: Battery costs
continue to decline. Although purchase prices will
remain relatively high for quite some time, electric
vehicles have low costs of operation. This should
enable a high range battery electric vehicle to
become cost competitive (on total cost of
ownership) with a comparable petrol car in 2024.
Towards a 100% battery electric car market in
2035
Once BEVs beat internal combustion engine cars
(ICEs) on price and quality, transition can move fast.
A growth path in which BEVs near a 100% share in
new cars by 2035 is increasingly realistic.
This challenges Europe’s Automotive industry,
which holds close to 25% of global car production.
There are more and more vehicles on Europe's
roads. While electric passenger vehicle sales have
increased rapidly over past years, they represented
just 1.2 % of all new cars sold in the EU in 2015. In
all, approximately 0.15 % of all passenger cars on
European roads are electric. Like passenger
vehicles, sales of electric vans also made up a very
small fraction of total EU sales in 2015.
The largest numbers of BEV sales within the EU-28
were recorded in France (more than 17 650
vehicles), Germany (more than 12 350 vehicles)
and the United Kingdom (more than 9 900
vehicles). The largest numbers of PHEV sales were
recorded in the Netherlands (more than 41 000
vehicles) and the United Kingdom (more than
18 800 vehicles).
Outside the EU, a clear frontrunner in terms of high
sales is Norway, where 22.5 % of all new cars sold
in 2015 were electric. Almost 34 000 new electric
vehicles were sold, of which 77 % were BEVs (EAFO,
2016).
13.9
24.2
37.9
58.6 62.3
2
24.9
33.8
90.9
94.2
0
20
40
60
80
100
120
140
160
180
2012 2013 2014 2015 2016
Totalsalesofelectricvehicles(thousands)
BEV PHEV
Number of charging points almost equal number of
gas stations in Europe
121,000
Gas Stations (2016)
112,500
Charging Points (2017)
Maximum acceptable time for charging en route
of people considering BEV (% of respondents)
Source: Primary Analysis
Figure 9: Global Sales of Electric Vehicles (Units),
By Vehicle Type-2012-2016
Global AutomobileTurbochargers Market Synopsis
Published By: Goldstein Research
Connect With Us:
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Electric Vehicles Market Outlook : 2016-2024
XX%
XX%
XX%
XX%
Variable Geometry
Turbochargers
Twin Turbo
Wastegate
Technology
Electric
Turbochargers
Source: Goldstein Research
Source: Goldstein Research
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Europe China United States
2015 2016
XX%
XX%
XX%
In 2016, twin turbochargers dominated the
market; twin turbochargers accounted for nearly
XX% of the total automotive turbochargers market
and remaining XX% went for other products. Growth
in automobile sector, rising concern about fuel
efficiency, and stringent carbon emission
regulations, are the major factors driving the global
automotive turbochargers market.
However, as the vehicle and components sales are
on rise (especially in developing countries), the
North America automotive turbochargers market is
projected to reach USD XXXX million in 2024 from
USD XXXX million in 2016, registering a growth rate
of XX%. In addition to that, Europe automotive
turbochargers market touched USD XXXX million in
2016. As per our survey, averagely XXX thousand
new vehicles equipped with turbochargers will sold
every year in Europe, also automotive
turbochargers market in Europe is anticipated to
reach XXX millions by the end of 2024.
Germany
China
Japan
France
U.K
India
Brazil
Russia
MEA
Source: Goldstein Research
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automobile Turbochargers Market Outlook :
2016-2024
Fig: 10: Regional New Turbocharger Equipped
Vehicles Registrations (thousands of units), 201-
2016
Fig: 11: Global New Turbocharger Equipped
Vehicles (Sales)- On the Basis of Country,2016
Fig: 12: Global Automotive turbochargers Market
Share(%), By Technology Type-2016
4. Competitors Regional Analysis
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Electric Vehicles Market Outlook : 2016-2024
High Penetration Medium Penetration Low Penetration
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Major Players Presence-Regional Analysis:
Major Players/
Industries
North America APAC Europe Latin America
Middle East &
Africa
Honeywell
International Inc.
BorgWarner Inc.
Cummins Inc.
IHI Corporation
Mitsubishi Heavy
Industries Ltd
Continental AG
Bosch Mahle
Turbo Systems
Eaton
Corporation PLC
Toyota
5. Global AutomobileTurbo chargers Market
Analysis, 2016-2024
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Global Automotive Turbochargers Market
Overview, By Region -2016
Source: Goldstein Research
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market Size
(USD Billion) & Growth Analysis
Fig: 13: Global Automotive Turbochargers Market Size (USD Billion)-2016-2024
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e 2017e 2018 2019 2020 2021 2022 2023 2024
Global automotive turbochargers market is anticipated to expand at a compound annual growth rate of
XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the
end of 2024. Further, Global automotive turbochargers sales increased from XXX million units in 2015 to
XXX units in 2016, which is likely to reach XXX million units by 2024.
Rising demand of fuel efficient vehicles is the major factor driving the growth of turbochargers vehicles.
According to Goldstein's estimate there will be more than XX million vehicles equipped with
turbochargers will be running on roads by 2024. Further, turbochargers' penetration in vehicles to grow
from XX% in 2016 to XX% by 2024, driven largely by automakers’ focus to improve fuel economy and
performance of vehicles.
In 2016, XX million vehicles where produced globally, with Europe having a market share of XX%. In
2016, Europe showed the largest growth worldwide in terms of market share (XX%). While Germany is
the largest vehicle manufacturer in Europe, the Czech Republic and Poland have very high growth rates
within the sector. This makes entering the European automotive market a major opportunity for
suppliers from developing countries.
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market
Overview, By Region -2016
XX%
XX%
XX%
XX%
XX%
XX%
China
United States
Europe
Japan
Korea
South America
0% 20% 40% 60% 80% 100%
China
United
States
Europe
Japan
Korea
South
America
Fig: 13: Global Automotive Turbochargers Penetration (%), By Top 6 Regions,
2016
Ranking Countries
1 Canada
2 Mexico
3 China
4 Japan
5 Germany
6 Korea
7 Belgium
8 Hong Kong
9 Singapore
10 France
Ranking Countries
1 Canada
2 Mexico
3 China
4 Hong Kong
5 Singapore
6 Chile
7 Peru
8 Belgium
9 Netherlands
10 Germany
Original Equipment Parts Aftermarket Parts
Fig: 12: Global Automotive Parts Export Market Rankings, By Top 10 Players, 2016
The market share of turbocharging
has traditionally been high in
Europe, as turbochargers are mostly
applied to diesel ICEs. The
proportion of vehicles with turbos
has increased in the past decade to
2015 in all OECD countries
scrutinized here, despite a
stabilization of diesel penetration,
suggesting that other powertrains
are increasingly equipped with this
technology, allowing engine
downsizing and thus higher energy
efficiency.
Globally, the turbocharger market is
primarily dominated by three players,
namely Honeywell (34
percent), Borgwarner (XX percent) and
IHI, Japan (XX percent). Other large
suppliers include Mitsubishi Heavy
Industries, Bosch Mahle and Cummins
Turbo Technologies. Assuming optimal
capacity utilisation, ancillaries could
enjoy high operating margins (XX
percent-XX percent) is the
turbocharger manufacturing business.
Over the past few years, stringent
emission norms and Corporate
Average Fuel Efficiency regulation has
prompted many global OEMs to start
using turbochargers to downsize their
engines to meet regulatory norms.
Hence, geographies like US, China as
well as Japan, have sizable
turbocharger penetration despite low
diesel vehicle penetration.
6. Market Dynamics
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Global Automotive Turbochargers Market
Overview, By Region -2016
Moderately Complex
Not Suitable for
Cities Facing
Shortage of
Power
Short
Driving
Range and
Speed
Less
Number
of
Recharge
Points
General Trend
Technology
Highly Complex Waived
Utilizing lead
acid battery
technology
Money
Saving
Clean
Technology
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics
Fig: 13: Growth Drivers Fig: 14: Growth Barriers
6.1. Growth Drivers
Published By: Goldstein Research
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Automotive Turbo Chargers Market Outlook :
2016-2024
Growing Sales of Automobiles
 Rapid pace of urbanization in growing economies such as China,
Brazil, Russia and India. Following regions registered XX% of the
global sales of automobile market and also propelled the growth
of automotive components market. While vehicle production is
expected to grow by XX% until 2024, the share of value added by
automotive suppliers is expected to rise from XX% to XX% in
2024.
 Besides China, Eastern Europe is considered the most interesting
growth market for automobiles. While the registrations grew by
XX% between 2012 and 2016, the next years are expected to
show growth by XX to XX% in car registrations. The Western
European automotive supply market will play a major role within
this growth scenario, as many of these cars are produced in
Western Europe or Central European factories of EU car
manufacturers. The total European market attractiveness will
further increase in the next years.
 In 2012 it was estimated that automotive industry spent over USD
26 billion on research and development (R&D); about X% of sales.
Indeed, the auto industry is the largest European investor in R&D
at roughly XX% of the total. About XX% is spent by suppliers who
also obtain the majority of patents.
High Medium Low
Impact on Automotive
Turbochargers Market
Impact Analysis:-
 According to our research, the annual
sales of vehicles equipped with
turbochargers are predicted to grow from
XX million units in 2016 to XX million units
by 2024, which equates to XX% increase in
sales for all global industry sales.
Turbocharger technology represents one
of the largest market potential in the
automotive industry across the globe.
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Growth Drivers
Fig: 17: Total Sales of Turbocharger Automobile across the
globe (Million Units)-2005-2016
XX XX
XX
XX XX
XX
XX
XX
XX XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Mitsubishi Heavy Industries to Boost
Turbocharger Production Capacity
Worldwide, aiming for 10 Million
Units/Year Production Structure.
Mahle GmbH and Robert Bosch
GmbH plan to sell their turbocharger
partnership, citing a failure to achieve
economies of scale despite strong
sales growth.
Honeywell International, launched
more than 100 turbocharger
applications involving over 20 new
technologies in 2014. The company
launched these new applications in
gasoline, diesel, natural gas, and
hybrid powertrains for both light
passenger and commercial vehicles
6.2. Market Restraints
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Growth Drivers
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbo Chargers Market Outlook :
2016-2024
Stringent Product Quality Regulations and Norms to Reduce Carbon Foot Prints
 One of the greatest challenges facing global auto parts exporters is the global regulatory environment. Lack of harmonization,
coherence and transparency of regulations and standards deeply affect the competitiveness of vehicle and automotive parts
manufacturers worldwide. Conforming to two different standards is costly and time-consuming. Until recently, most
developing countries have had only limited regulatory requirements, and thus, they accepted virtually any vehicles built at
minimal safety and emissions levels. This has made it possible for many companies to export vehicles and products easily to
these markets.
 In addition to the barriers cropping up from the move toward EU standards, there are recent hints that emerging markets,
such as China or India, are developing their own separate regulations. Having even more sets of regulatory standards will only
make it harder to export to other markets and certainly raise the cost of doing business.
 Moreover, Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and
to increase fuel efficiency of vehicles. To overcome the challenges major automotive component manufacturer are spending
huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive
component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve
performance and to reduce weight of the turbochargers. % is spent by suppliers who also obtain the majority of patents.
High Medium Low
Impact on Automotive Turbochargers
Market
Impact Analysis:-
 Vehicle efficiency and carbon emission
reduction regulations are becoming more
stringent and, thereby, continuing to push
manufacturers to increase their level of
investments. Most have been focusing on
reducing weight and advancing engine &
Powertrain technologies.
 Dramatic cost reductions over the last few
years have significantly reduced all plug-in
vehicle production costs and resulted in
growing market for battery electric
vehicles, which is likely to throttle the
growth of conventional turbochargers
market growth.
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Restraints
Fig: 17: Global Annual Sales of Electric Vehicles(Million
Units)- 2011-2016
XX XX XX XX XX XX
XX XX XX XX XX XX
XX
XX
XX
XX
XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2011 2012 2013 2014 2015 2016
United Satates
Wetsren Europe
China
Japan
Canada
Fig: 17: Concentration of Plug-in cars registered per 1000 people,
Top European countries Compared with U.S and California (2016)
XX
XX
XX
XX
XX
XX XX XX XX XX XX
U.S average
Sweden
Netherlands
California
Norway
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6.3. Market Opportunity
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Electric Vehicles Market Outlook : 2016-2024
Source: Goldstein Research
Source: Goldstein Research
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market
Opportunity, 2016-2024
Fig: 19: Automotive Turbochargers Exports Volume
(million units) in Global Automotive Turbochargers
Market , 2016-2024
BIG PREDICTIONS for HEAVY DUTY
VEHICLES
The truck parts
aftermarket will
cross the USD
XX billion
(manufacturer
level) across the
globe by 2024
Parts
eCommerce will
likely account
for X to X% of
the TRUCK
AFTERMARKET
by 2024
The OES
(Original
Equipment
Service) channel
will gain a
market share of
X to X% on the
strength of its
private labels
and telematics
penetration
 The major turbocharger suppliers –
Honeywell, BorgWarner, Mitsubishi Heavy
and IHI – are looking to capitalize on the
growth opportunities as other big suppliers
look to make a move into the sector. New
players Bosch-Mahle and Continental are
together expected to take around a XX%
global market share for turbochargers by
2017.
 Additionally, the turbochargers market
has witnessed strong growth in agricultural
machinery segment owing to growing sales
of agricultural equipment and tractors in
growing economies and Europe.
Volkswagen plans to completely replace
conventional gas engines for US models with
turbocharged gas and diesel powertrains
over the next three or four years. The
automaker plans to replace its three
remaining naturally aspirated or
conventional gas engines – a five-cylinder
2.5-litre and two six-cylinder variants – with
turbocharged engines. Toyota and Subaru
outlined plans in November to roll out
vehicles featuring downsized turbocharged
engines starting in 2014. Toyota currently
has no turbocharged vehicles in its line-up,
but will use these engines across its
portfolio, with possible displacements
between 1.0 and 1.5 litres.
 Over the next five years, the Middle East
and Africa (MEA), a laggard, relatively
unmotorized region, will likely see strong
and consistent automobile sales growth; the
biggest improvements are expected in Iran,
Egypt, South Africa, and Nigeria. Along with
this growth, automaker factory activity in
the region will increase significantly. By
2021, nearly XX million cars will be built
yearly in the MEA, an output increase of
about XX percent.
XXX
2016
XXX
2024
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6.3. Global Automotive turbochargers Market
Segmentation Analysis, 2016-2024
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Automotive Turbo Chargers Market Outlook :
2016-2024
XX
XX
XX
XX
XX XX
2016 2024
Passenger Cars HCV LCV
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbo Chargers Market Outlook :
2016-2024
Fig: 17: Global Automotive turbochargers Market Share, By Vehicle
Type, 2016-2024
XX%
XX%
XX%
Passenger
Cars
LCV (Light
Commercial
vehicles)
HCV (Heavy
Commercial
vehicles)
XX%
XX%
XX%
20242016
The global automotive
components industry generates
more than USD XX billion in
revenue per year in which
automotive turbochargers share
more than XX% of the total industry
revenue. The North American
market had an estimated size of
more than USD XX billion in 2016.
 Passenger vehicle turbochargers
market hold the largest revenue
share owing to the huge market of
passenger vehicles across the globe,
which is likely to grow at CAGR of
XX% over the forecast period. Asia
Pacific being the largest automobile
manufacturer globally also posses
the fastest growth rate for
turbochargers industry.
Despite all the current difficulties
in the BRIC countries, the truck
markets in these regions are likely
to offer many opportunities and a
CAGR of +XX% until 2024. Their
share in the global market will
increase from XX% in 2016 to XX%
in 2024.
Fig: 17: Global Automotive turbochargers Market Y-O-Y Growth, By
Vehicle Type, 2016-2024
2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Fig: 17: Global Automotive turbochargers Market Size (USD Billion), By Vehicle Type-2016-2024
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market Size
(USD Billion) By Top 10 Countries, 2016-2024
Fig: 17: Global Automotive turbochargers Market Share, By Vehicle
Type, 2016-2024
Global passenger vehicle
turbochargers market was USD XX
billion in 2016, expected to attain
the growth rate of XX% over the
forecast period and reach USD XX
Billion by 2024. The selected
leading manufacturers, which
account for XX% of the total
automotive turbochargers market,
achieved a growth rate of XX% in
2016.
Europe passenger vehicle
turbochargers market dominate the
total market owing to the largest
turbocharged automobile
production in the European
countries, closely followed by Asia
Pacific with XX% market share in
global automotive turbochargers
market.
Mexico has been the bright spot
among large Latin American
economies for the automotive and
components industry. Although the
country’s overall economic growth
has been relatively sluggish, its
competitive manufacturing costs,
solid supply chain and good
transport links to the US have made
it a huge recipient of automotive
investment, especially as an export
hub to the US and Canada. Over the
past two years, it has overtaken and
left Brazil far behind in annual
vehicle production. Its domestic
market, while relatively small, has
also been surging, growing at a rate
of XX-XX% per year over the past
two years.
Fig: 17: Global Automotive turbochargers Market Y-O-Y Growth, By
Vehicle Type, 2016-2024
Fig: 17: Global Automotive turbochargers Market Size (USD
Billion), By Vehicle Type-2016-2024
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016 2017 2018 2019 2020 2021 2022 2023 2024
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2017 2018 2019 2020 2021 2022 2023 2024
XX%
XX%
XX%
XX%
XX%
North America
Europe
Latin America
Midlle East and
Africa
APAC
XX% XX%
XX%
XX%
XX% XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2024
Light
Commercial
Vehicles
Heavy
Commercial
Vehicles
Passenger
cars
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Turbochargers Market
Attractiveness and BPS Analysis by Vehicle
Type, 2016-2024
Fig: 17: Global Automotive turbochargers Market Attractiveness-By
Vehicle Type, 2016-2024
According to Goldstein Research, passenger cars and light commercial vehicles acquired the largest portion
of market revenue while turbochargers for passenger car tends to grow at the faster pace during the
forecast period. While the Europe leads all markets in manufacturing of turbochargers equipped passenger
cars and heavy commercial vehicles at XX million and XXX million respectively, followed by the Asia Pacific
and North America as the largest automobile and components manufacturer across the globe.
Automotive turbochargers market is expected to witness decline in passenger cars segment as the
conventional passenger cars share is likely to be eaten up by the electric vehicles, which is likely to decline
the market share of turbochargers in passenger cars segment. However, passenger cars is projected to be
the most lucrative segment for the automotive turbochargers market growth.
Fig: 17: Global Automotive turbochargers Market BPS Analysis- By End Users, 2016-2024
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX XX XX XX XX XX XX
Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles
North-America Automotive Turbochargers MarketAnalysis,
2016-2024
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Regional Analysis of Automotive Turbochargers
Market
Published By: Goldstein Research
Connect With Us:
XX
XX
XX
XX
XX
XX
XX
XX
XX% XX% XX% XX% XX% XX% XX% XX%
-XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f
XX%
CAGR: (2016-2024)
Source: Goldstein Research
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2023
XX%
XX%
XX%
XX%
U.S. Canada
Source: Goldstein Research
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
North-America Electric LSV Market Size (USD
Billion) & Y-O-Y growth (%), By Region- 2016-2024
Fig: 21: North-America Electric LSV Market Share
(%), By Country-2016-2024
Fig: 20: North-America Electric LSV Market Size (USD Billion) & Y-O-Y growth (%), By Region-
2016-2024
Fig: 21: North-America Automotive
Turbochargers Market Share (%), By Vehicle
Type-2016-2024
XX%
XX%
XX%
XX%
XX% XX%
2016 2024
Passenger Cars HCV LCV
North-AmericaAutomotive Turbochargers Market Analysis, By
Country-2016-2024
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North-America Automotive Turbochargers Market
Outlook
Published By: Goldstein Research
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XX
XX
XX
XX
XX
XX
XX
XX
XX
2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Goldstein Research
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
U.S. Automotive Turbochargers Market Size (USD
Billion) & Y-O-Y growth (%), 2016-2024
XX
XX
XX
XX
XX
XX
XX
XX
XX% XX% XX% XX% XX% XX% XX% XX%
-XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f
XX%
CAGR: (2016-2024)
Source: Goldstein Research
Fig: 24: U.S. Automotive Turbochargers Market Size (USD Billion), Compound Annual Growth
Rate (%), Y-O-Y Growth Rate (%), 2016-2024
Fig: 24: U.S. Automotive Turbochargers Units
(Numbers) Sales, 2016-2024
As the second-fastest-growing global market, North
America’s turbo market will grow by XX percent per
year in the next five years to more than 8 million
total turbocharged vehicles by 2024, equating to XX
percent of the market. General Motors has more
than doubled U.S. sales of vehicles with
turbocharged engines from about XXX thousand
units in 2011, or less than XX% of U.S. sales, to XXX
thousand units in 2016, or XX percent. That
increase reflects significantly expanded penetration
of turbochargers in GM's car models, to XX percent
of car sales in 2016, up from just X percent in 2010.
Driving the down-sizing and turbo revolution are federal fuel economy regulations that will require
automakers to have fleets that achieve 54.5 miles per gallon by 2025 will significantly boost the growth of
automotive turbochargers market growth in United States. Goldstein Research forecasts that turbocharged
engines will represent XX percent of production for United States by 2024, up from an expected XX percent in
2016.
Key Insights
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North-America Automotive Turbochargers
Market Attractiveness-By Country, 2016-2024
Fig: 17: Global Automotive turbochargers Market Attractiveness-By
Vehicle Type, 2016-2024
According to Goldstein Research, passenger cars and light commercial vehicles acquired the largest portion
of market revenue while turbochargers for passenger car tends to grow at the faster pace during the
forecast period. While the Europe leads all markets in manufacturing of turbochargers equipped passenger
cars and heavy commercial vehicles at XX million and XXX million respectively, followed by the Asia Pacific
and North America as the largest automobile and components manufacturer across the globe.
Automotive turbochargers market is expected to witness decline in passenger cars segment as the
conventional passenger cars share is likely to be eaten up by the electric vehicles, which is likely to decline
the market share of turbochargers in passenger cars segment. However, passenger cars is projected to be
the most lucrative segment for the automotive turbochargers market growth.
Fig: 17: North America Automotive Turbochargers Market BPS Analysis- By Country, 2016-2024
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX XX XX XX XX XX XX
US Canada
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2024
Canada
US
Company Profiling
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Automotive Turbo Chargers Market Outlook :
2016-2024
Published By: Goldstein Research
Connect With Us:
Toyota
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Automotive Turbo Chargers Market Outlook
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Automotive Turbo Chargers Market Outlook
Fig: 17: Toyota Industries Corporation ( Company Overview)
Founded
1926
Employees
51,458
Headquarters
Japan
Website
www.toyota-industries.com
Key Products
Internal Combustion Lift truck
Reach Truck
Low Lift Truck
Warehouse Logistics
Simple AGV (Automated Guided Vehicles)
Automated storage and
retrieval system
Business Strategy
Improves quality control structure and globalization: The company has adopted various methods to
enhance their manufacturing structure which helps the company to improve the quality of their
automobile products. Moreover, the company is looking forward towards expansion of globalization.
Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the
globe. The company is investing a huge amount for research and development activities to introduce the
future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles.
The company spend USD 588.11 Million in 2016 for research and development of their products and
services. Toyota motors is one of the largest automobile and material handling equipment manufacturer
across the globe and expected to lead other global companies in near future.
Company Overview
 Toyota Motor Corporation is a Japanese automotive
and material handling equipment manufacturer
headquartered in Toyota, Aichi, Japan.
 The Company is traded on the New York Stock
Exchange (NYSE)
 Toyota was the largest automobile manufacturer in
2012 (by production) ahead of the Volkswagen Group
and General Motors.
 The Industrial Vehicle segment provides forklift trucks,
warehouse equipment, automatic warehouse, vehicles
for high-place work.
 Lift trucks, which capture the top global market share*,
are delivered to customers around the world under the
TOYOTA, BT, RAYMOND and CESAB brands.
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbo Chargers Market Outlook
Fig: 17Toyota (Revenue & Financial Analysis
Business Strategy
Improves quality control structure and globalization: The company has adopted various methods to
enhance their manufacturing structure which helps the company to improve the quality of their
automobile products. Moreover, the company is looking forward towards expansion of globalization.
Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the
globe. The company is investing a huge amount for research and development activities to introduce the
future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles.
The company spend USD 588.11 Million in 2016 for research and development of their products and
services. Toyota motors is one of the largest automobile and material handling equipment manufacturer
across the globe and expected to lead other global companies in near future.
XX
XX
XX
2014 2015 2016
Revenue(USDBillion)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2014 2015 2016
Fig: 9-2 Material Handling Equipment Sales (Thousand Units),
2014-2016
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2014 2015 2016
Fig: 9-3 Toyota Industries Corporation
Revenue (USD Billion), 2014-2016
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Automotive Turbo Chargers Market Outlook
Fig: 17Toyota (Revenue & Financial Analysis
Business Strategy
Improves quality control structure and globalization: The company has adopted various methods to
enhance their manufacturing structure which helps the company to improve the quality of their
automobile products. Moreover, the company is looking forward towards expansion of globalization.
Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the
globe. The company is investing a huge amount for research and development activities to introduce the
future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles.
The company spend USD 588.11 Million in 2016 for research and development of their products and
services. Toyota motors is one of the largest automobile and material handling equipment manufacturer
across the globe and expected to lead other global companies in near future.
Fig :- 9-4 Toyota Industries Corporation
Revenue (%)-By Business Segments, 2016
XX%
XX%
XX%
Automo
tive
Materia
l
Handlin
g
Other
Fig :- 9-5 Toyota Motors Revenue (%), By
Region, 2016
XX%
XX%
XX%
XX%
XX%
Japan
North-
America
Europe
Asia
Other
Key Findings
 Toyota Industries Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market
leader for value-added logistic process automation at airports and in the parcel market, as well as being a
leading supplier for warehouses – from the company’s current owner NPM Capital
 Toyota Industries Corporation announces that it has concluded an agreement with major North American
materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The
acquisition of Bastian signify Toyota Industries' full-scale entry into the North American materials handling
solutions industry amid the e-commerce boom.
 To expand company’s presence in emerging countries, Toyota Industries acquired the lift truck business of
Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase
its sales in emerging c9oountries where market expansion is expected over the medium to long term.
Toyota (Revenue Split & Recent News)
About Us
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Electric Vehicles Market Outlook
Published By: Goldstein Research
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Global Electric Vehicle Market Outlook 2024 Sample – by Goldstein Research

  • 1. Consumer Analysis Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com 42% 13% 7% 30% 12% 50% 5% 9% 46% 46% 46% 56% 41% 43% 52% 51% 12% 41% 47% 14% 47% 7% 43% 40% 0% 10% 20% 30% 40% 50% 60% Argentina Austraia Belgium Brazil Canada China France Germany Potential Adopters Might be Willing Not Likley to Consider %ofrespondents In each of the countries survey , a significant portion of consumers said that they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric vehicle. China and India led the world with those considering themselves potential first movers at 50 percent and 59 percent respectively. This was a dramatic contrast to the potential first movers in Japan (4 percent), France (5 percent), Belgium (7 percent), and Germany (9 percent). But when potential first movers are combined with those that might be willing to consider the purchase of an electric vehicle, respondents around the world begin to look more similar than different showing a collective high degree of interest in electric vehicles. Only Japan had the majority of respondents (52 percent) indicate they are not likely to consider an electric vehicle. Europe seems divided, with more reluctance to consider an electric vehicle in Belgium, France, Germany, and the UK and greater receptivity in Spain, Italy, and Turkey. The U.S. and Canada have very similar profiles with a near split between those willing to consider and potential first movers versus those not likely to consider an electric vehicle. Respondents in Brazil and Argentina are much more interested in electric vehicles than their counterparts in North America, while Australia’s respondents tend to look very similar to those in North America. Finally, the Republic of Korea (Korea) and Taiwan have profiles similar to those of the respondents in southern Europe. Global Consumer Interest for Buying Electric Vehicles, By Country Figure 1: Global Consumer Interest (%) for Buying Electric Vehicles, By Country Source: Primary Analysis Global Electric Vehicles (EV) Market generated a revenue of USD XX Billion in 2017 and further the industry is anticipated to cross USD XX Billion by 2024, expanding at a CAGR of XX%, over the forecast period
  • 2. Manufacturing Outlook Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Production of Turbochargers (Million Units), 2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Competitive Outlook: Market Share (%) of Major Players, 2016 XX% XX% XX% XX% XX% Global Automotive Turbocharger Import & Export Value (USD Billion), 2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research Source: Goldstein Research
  • 3. Manufacturing Outlook Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Capacity & Customers Of Major Automotive Turbocharger Manufacturer in Canada XX XX XX XX XX XX XX XX XX XX XX XX XX Ottawa Calgary Montreal Edmonton Kingston Vaughan Bases & Capacity in Canada (Units/Year), 2017 Number of OEM & Automobile Companies Manufacturing Turbocharger, 2016-2017 Source: Goldstein Research XX XX 2016 2017 XX XX 2016 2017 Top 3 OEM’s Turbo Nissan Garrett T28 & GT25 Series Subaru IHI VF Series Mitsubishi TD05 Series
  • 4. Technology Outlook Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Trends In Turbocharged Engine Technology XX XX XX XX XX 2000 2005 2010 2015 XX XX XX XX Trend Of The Engine Specific Power SpecificPower(kW/L) Key Technologies Of Advanced Turbocharger Turbocharger Technology For High Pressure Charging Top 5 Turbocharger Tech Innovations Improved Materials Turbo Refinement Direct Fuel Injection Smarter Sensors Efficient System Design In each of the countries survey , a significant portion of consumers said th they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric c vehicle or at least might be willing to consider purchasing an electric SAMPLE In each of the countries survey , a significant portion of consumers said that they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric c vehicle or at least might be willing to consider purchasing an electricSAMPLE Source: Goldstein Research Source: XXXX
  • 5. Industry Analysis Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Historical Analysis (2016-2017) XX XX XX XX XX XX XX XX 2016 2017 Vehicle Sales (Million Units), 2016- 2017 XX% XX% XX% XX% XX% XX% XX% XX% 2016 2017 Adoption Rate (%) of Turbochargers In Vehicles, 2016-2017 Source: Goldstein Research Source: Goldstein Research Current Scenario (2018) XX XX XX XX XX XX XX 2018 Vehicle Sales (Million Units), 2018 XX% XX% XX% XX% XX% XX% XX% 2018 Adoption Rate (%) of Turbochargers In Vehicles, 2018 Forecast Analysis (2019-2025) XX XX XX XX XX XX XX XX XX XX XX XX 2019 2020 2021 2022 2023 2024 2025 Vehicle Sales (Million Units), 2019- 2025 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2019 2020 2021 2022 2023 2024 2025 Adoption Rate (%) of Turbochargers In Vehicles, 2019-2025 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research In each of the countries survey , a significant portion of consumers said that they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric. mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric SAMPLE In each of the countries survey , a significant portion of consumers said that they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric c vehicle or at least might be willing to consider purchasing an electric SAMPLE In each of the countries survey , a significant portion of consumers said that they would either be a first mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric. mover in the adoption of an electric vehicle or at least might be willing to consider purchasing an electric SAMPLE
  • 6. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com 59% 14% 4% 13% 22% 19% 40% 11% 12% 34% 60% 44% 67% 61% 66% 50% 45% 42% 7% 26% 52% 20% 17% 15% 10% 44% 46% 0% 10% 20% 30% 40% 50% 60% 70% 80% India Italy Japan Korea Spain Taiwan Turkey U.K U.S Potential Adopters Might be Willing Not Likley to Consider %ofrespondents Interest in EVs is Clearly Growing Source: Primary Analysis Figure 2: Global Consumer Interest (%) for Buying Electric Vehicles, By Country Figure 3: Global Consumer Interest for Buying Electric Vehicles, By Region Source: Primary Analysis
  • 7. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Consumer Profiles and Preferences Who are the potential first movers most likely to buy an electric vehicle? They are generally well- educated, with a higher-than-average number holding post-secondary degrees. They claim to know much more about EVs than the might be willing consumers. They tend to live in urban areas, though suburbanites in the United States and Japan are also represented among the first movers. They are marginally more likely to be male than female and represent the middle or upper class. They tend to see themselves as environmentally conscious, tech savvy, trendsetting, and politically active. They claim to be more knowledgeable of EVs and attribute a number of positive characteristics to EVs: “coolness,” convenience, safety, stylishness, and good value. On this latter point, potential first movers are also sensitive to government incentives, fuel efficiency, and the cost to charge a battery. Among the potential first movers and might be willing is a subset, the early adopters, who will actually purchase an electric vehicle in the near future. The appeal of electric vehicles to those who indicated an interest is the perception that these vehicles are cleaner, more environmentally friendly, and more efficient than traditional internal combustion-driven vehicles. Despite their apparent eagerness to buy an electric vehicle, however, the final decision to purchase or not will be influenced by a number of factors, including how well current and future vehicles meet their needs. The survey also asked consumers what style of vehicle they preferred. The first choice of many consumers, from 29 percent in Germany to 45 percent in Korea and Italy, is the mid-sized sedan. Interesting exceptions include Japan, where the greatest number said they would prefer a minivan, and the UK, where drivers selected hatchbacks as their vehicle of choice (see Figure 3). Overall, the survey found yet again that the automotive companies have potentially cultivated a global consumer, where the preferences across the globe for EVs seem to be mid-size and small size sedans. 1st Preference 3rd Preference 2nd Preference Canada U.SU.KGermanyFranceChina Italy Japan Korea Hatchback Small Sedan Mid-size Sedan Large Sedan Wagon SUV Minivan 18% 19% 9% 36% 32% 43% 36% 14% 39% 13% 24%25% 29% 10% 45% 24% 21% 18% 15% 15%15% 23% 45% 23% 40% 22% 32% Figure 4: Consumers Vehicle Buying Preferences, By Types of Vehicles Source: Primary Analysis
  • 8. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Market Barrier: Range and Distance Expectations The expectation: Despite the relatively high willingness of consumers to consider an EV, many seem not willing to compromise in key criteria, such as range. While on average 80 percent of drivers surveyed typically drive less than 80 kilometers per day, consumers expect EVs to travel considerably farther. The U.S. and France seemed to have the highest sensitivity toward range, with only 63 percent and 67 percent, respectively, satisfied with a range of 480 kilometers. India, Taiwan and Brazil, however, seemed to have more realistic expectations, with nearly half of their populations satisfied with a range of up to 160 kilometers. In each country, the majority of drivers expect ranges much longer than their typical weekday driving distances and correlate much closer to ranges provided in conventional internal combustion engine (ICE) vehicles. In all regions, expectations far outpaced reality, typically by a factor of two to three times. The reality: Current technology permits most electric vehicles to cover an average of only 160 kilometers between charges. The main limiting factor for range is energy density. Energy density represents how much electrical energy the battery cam store per unit mass. In recent years, lithium ion batteries (LiBs) have offered the highest energy density and power relative to their size and have a relatively long life cycle. Looking at automobiles already introduced and announced product introductions around the world through 2013, for most manufacturers, the driving range of their pure EVs still falls short of consumer expectations (see Figure 5). In fact, there is little or no increase in range beyond 160 kilometers over this time horizon based on announced vehicle introductions from most manufacturers. But, manufacturers are working on the issue and expect energy density to improve over the remainder of the decade, reaching 200–250 Wh/kgii by 2020 assuming government targets are hit. This will serve as one solution to help increase the overall driving range but assuming the battery size (i.e., mass) remains around the 150 kg weight that is commonly used today, it still equates to a driving range well short of current consumer expectations. Manufacturers will likely turn to the battery mass and operating efficiency (kilometers per kilowatt hour of energy), in addition to energy density, and vehicle weight reductions combined with advanced high-strength, light weight material compositions in order to increase driving ranges. 5% 6% 2% 3% 6% 3% 14% 5% 3% 20% 25% 14% 10% 26% 13% 16% 20% 17% 53% 38% 28% 27% 36% 39% 36% 28% 24% 71% 22% 23% 31% 17% 25% 21% 21% 19% 86% 79% 83% 78% 79% 94% 87% 85% 77% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Canada China France Germany Italy Japan Korea U.K U.S 400mile/640km 300mile/480km2 200 mile/320km 100 mile/160km 50 mile/80km % that drive 50 miles/80 km per weekday Figure 5: Range expectations exceed typical driving distance Source: Primary Analysis
  • 9. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Market Barrier: Price of Vehicles  Consumer survey literature consistently finds that price is a major barrier to electric vehicle sales.  Price includes the price premium between an EV and a comparable internal combustion engine.  Surveys have also found that consumers are reluctant to pay more than a certain amount for an electric vehicle, typically around $30,000. This is because “first cost" matters as well as price.  Some important factors that influence price are battery costs and price of gasoline.  Battery costs are expected to fall to about half current levels, but one consultant speculated that a variety of factors such as increased cost of raw materials, increases in technology and need to greater range and thus larger batteries would tend to offset the falling price.  Consumers have also indicated a greater willingness to purchase an EV when gasoline prices are high.  One report identified a conflict between government policies to improve vehicle efficiency and thus lowering the cost to drive and electric vehicle policies. Argentina Australia Belgium Brazil Canada China France Germany 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 53% 69% 71% 64% 66% 44% 66% 54% 10% 3% 2% 7% 6% 2% 5% 5% 9% 5% 6% 10% 6% 3% 5% 9% 8% 6% 10% 11% 12% 5% 5% 10% 7% 3% 4% 9% 17% 3% 2% 5% 4% 5% India Italy Japan Korea Spain Taiwan U.K U.S 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 11% 13% 14% 49% 66% 67% 48% 60% 67% 71% 65% 3% 7% 11% 2% 13% 10% 10% 15% 8% 3% 8% 10% 11% 4% 7% 12% 6% 3% 7% 7% 5% 9% 9% Same Price or Less USD 250 More USD 500 More USD 1000 More USD 2000 More Figure 6 & 7: Consumers are not willing to Pay a Price Premium
  • 10. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Market Barrier: Recharging Time and Infrastructure Recharge Time:  So-called “fast” chargers are not fast enough o 30 minute recharge unacceptable to mainstream customers o In one survey, auto executive explained: “You need an electric car that can recharge in five minutes – that’s how a gas station works.”  Battery chemistries and designs have trade offs between energy density, cost, weight and recharge times. o High energy battery designs (Li-ion) are limited to a 30 minute recharge. o Hybrid batteries are designed for high power and can be recharged in less than 5 minutes, but they are three times the cost and twice the size and weight per kWh.  Batteries beyond Li-ion (e.g. Li-air) have potential to improve range to 200-400 miles, but have even longer recharge times. Recharging Infrastructure:  “If electric vehicles are to reach a broad market, rather than just serving as second cars for city dwellers with large garages, it will be essential to create a public electric charging infrastructure.” (BCG at 9).  In one survey, 54% of surveyed consumers would not consider purchasing an EV until charging locations are widely available and as easy to locate as gas stations today.  One case study: with 10% vehicle stock as electric, increased electric energy demand by less than 2%. Electric companies paying for the cost of recharging infrastructure amortized over 15 years, the cost would be double electric price.  Under current conditions, difficult business case for utilities to invest in EV recharging infrastructure without strong government incentives and “clear technology roadmap from OEMs.” 18% 23% 16% 6% 27% 18% 17% 13% 25% 17% 20% 17% 18% 19% 21% 27% 12% 24% 26% 37% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% CHINA U.S EUROPE JAPAN 30 Minutes 1 Hours 2 Hours 4 Hours 8 Hours 55% 81% 67% 60% %ofpeople(Cumulative) Figure 8: Longest Acceptable Time to Fully Recharge EV Battery Source: Primary Analysis
  • 11. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com The impact of electric cars on oil demand Rising prosperity will boost car ownership, especially in emerging markets. Meanwhile, fuel efficiency targets and lower battery costs are likely to spur electrification. “We expect oil demand to continue to grow throughout the next 20 years, driven by increasing transport demand, particularly in fast- growing Asian economies.” In the base case forecast, the global car fleet is expected to double from 0.9 billion cars in 2015 to 1.8 billion by 2035 as rising incomes and improving road infrastructure boosts car ownership. Within the same timeframe, the non-OECD fleet will triple - from 0.4 billion cars to 1.2 billion. The number of electric cars also rises significantly, from 1.2 million in 2015 to around 100 million by 2035 (6% of the global fleet). Around a quarter of these electric vehicles (EVs) are plug-in hybrids (PHEVs), which run on a mix of electric power and oil, and three-quarters are pure battery electric vehicles (BEVs). A key driver of the pace at which EVs penetrate the global car fleet is the extent to which fuel economy standards are tightened. But EV penetration will also depend on a number of other factors, including: 1. the pace at which battery costs continue to fall; 2. the size and durability of subsidies and other government policies supporting EV ownership; 3. the speed at which the efficiency of conventional vehicles improves; and - crucially – on 4. consumer preferences towards EVs. An average passenger car is expected to achieve almost 50 miles per US gallon in 2035, compared with less than 30 MPG in 2015 - a faster rate of efficiency improvement than in the past. The growth of electric cars also mitigates the growth in oil demand, but the effect is much smaller: the 100 million increase in electric cars reduces oil demand growth by 1.2 Mb/d. By comparison, this is around a 10th of the impact of the gains in vehicle efficiency. Overall, the increase in demand for car travel from the growing middle class in emerging economies overpowers the effects of improving fuel efficiency and electrification, such that liquid fuel demand for cars rises by 4 Mb/d - around a quarter of the total growth over the Outlook.
  • 12. Alternatives Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Factors influencing consumer behavior Automotive Industry EV Technology: Range Total Cost of Ownership Operating Cost Purchase CostEV Technology: Charge Time & Convenience - Residual Value - Auto Insurance - Battery Replacement & Recycling Electric Utility Infrastructure Government Policy TODAY FUTURE The global survey found that there is a common set of expectations consumers have regarding the range, charge time and purchase cost of an electric vehicle. Survey results also show very similar expectations for all segments of consumers. Regardless of whether they thought of themselves as potential first movers, might be willing to consider an electric vehicle, or even those that are not likely to consider an electric vehicle, their expectations for range, charge time and purchase price are extremely similar – and consistently and significantly different from what automobile manufacturers can offer today. The reality is that when consumers actual expectations for range, charge time, and purchase price are compared to the actual market offerings available today, no more than 2 to 4 percent of the population in any country would have their expectations met today based on a data analysis of all 13,000 individual responses to the survey This presents a daunting challenge for both policymakers and automotive manufacturers should they like to encourage electric vehicle adoption. It is clear from the survey that consumers’ expectations for EVs are much higher than anything manufacturers can deliver today. But consumers are also notorious for being fickle and changing their mind; and doing so fairly quickly. Electric utility infrastructure can play a significant role in electric vehicle adoption. Plentiful electric power generated through stable, dependable, clean and cost-efficient sources (and delivered over smart grids with acceptable economics for consumers), coupled with easily accessible and economical charge stations can make consumer concerns about range and charge time dramatically less – even if EV technology does not demonstrate any significant improvements over the next decade. Higher oil prices (anywhere from a 40 to 70 percent increase) would also likely lessen the concerns consumers have today about electric vehicle range, charge time, and price. Consumers remain concerned that electric vehicles have a limited range. These concerns can be allayed by installing infrastructure that recharges vehicle batteries quickly, to accommodate long-distance trips.
  • 13. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Key Findings About Major Market Players BMW reaches 100,000 electric vehicle sales target for 2017 The company also said it expects to grow its EV sales in 2018 by a double-digit percentage again, though perhaps not as steep an increase. BMW announced a partnership with battery startup Solid Power earlier this year to help commercialize its solid-state battery technology in a form suitable for use in consumer vehicles, which will help improve things including safety, range and long-term battery life vs. traditional lithium-ion packs used today. The automaker also intends to offer a dozen fully electric vehicle options by 2025, and has a four-door sedan in the works with a target street date of 2021 As Tesla Motors is solving the challenges of high price, low range and slow charging, at the same time it is capitalizing and building on the unique advantages electric vehicles have always had and ultimately proving electric vehicles superiority. This is largely the result of the visionary of Tesla Motor‟s CEO Elon Musk who is aiming to transform the world into sustainable energy and transportation through solar panels and batteries. Tesla Motors and NVIDIA have partnered since the early development of the revolutionary Model S. Today, all Tesla vehicles—Model S, Model X, and the upcoming Model 3— will be equipped with an NVIDIA-powered on-board “supercomputer” that can provide full self-driving capability. The Japanese automaker was quick to market with the Leaf launching in 2010. It’s not the best-selling all-electric car today, but it has accumulated a record number of deliveries over the years. But when launching the next-gen Leaf, Nissan said that it expects to increase Leaf production to match increased demand with the new version. It’s now in production in Japan, the UK, and the US. Renault-Nissan’s new partnership with Dongfeng is called eGT New Energy Automotive Company, and it’ll be split between Nissan with 25 percent ownership, Renault with another 25, and Dongfeng with the remaining 50 perecent. The first vehicle from the JV will be a new electric vehicle based on one of Renault-Nissan’s subcompact crossover SUV platform designs. BMW Motors Insights Tesla Insights Nissan Insights
  • 14. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Europe Electric Cars Market: Overview Battery Electric Car Revolution The car industry is at a turning point. Battery electric vehicles (BEV) are becoming increasingly competitive. The major barriers to demand – charging infrastructure, range and pricing - are about to be broken: • Charging infrastructure: ultra fast charging of batteries will enable a 300km charge in 20 minutes. This will further improve over time. • Range anxiety: New battery technology should improve range to increasingly meet consumer expectations from 2020 onwards. • Pricing and total cost of ownership: Battery costs continue to decline. Although purchase prices will remain relatively high for quite some time, electric vehicles have low costs of operation. This should enable a high range battery electric vehicle to become cost competitive (on total cost of ownership) with a comparable petrol car in 2024. Towards a 100% battery electric car market in 2035 Once BEVs beat internal combustion engine cars (ICEs) on price and quality, transition can move fast. A growth path in which BEVs near a 100% share in new cars by 2035 is increasingly realistic. This challenges Europe’s Automotive industry, which holds close to 25% of global car production. There are more and more vehicles on Europe's roads. While electric passenger vehicle sales have increased rapidly over past years, they represented just 1.2 % of all new cars sold in the EU in 2015. In all, approximately 0.15 % of all passenger cars on European roads are electric. Like passenger vehicles, sales of electric vans also made up a very small fraction of total EU sales in 2015. The largest numbers of BEV sales within the EU-28 were recorded in France (more than 17 650 vehicles), Germany (more than 12 350 vehicles) and the United Kingdom (more than 9 900 vehicles). The largest numbers of PHEV sales were recorded in the Netherlands (more than 41 000 vehicles) and the United Kingdom (more than 18 800 vehicles). Outside the EU, a clear frontrunner in terms of high sales is Norway, where 22.5 % of all new cars sold in 2015 were electric. Almost 34 000 new electric vehicles were sold, of which 77 % were BEVs (EAFO, 2016). 13.9 24.2 37.9 58.6 62.3 2 24.9 33.8 90.9 94.2 0 20 40 60 80 100 120 140 160 180 2012 2013 2014 2015 2016 Totalsalesofelectricvehicles(thousands) BEV PHEV Number of charging points almost equal number of gas stations in Europe 121,000 Gas Stations (2016) 112,500 Charging Points (2017) Maximum acceptable time for charging en route of people considering BEV (% of respondents) Source: Primary Analysis Figure 9: Global Sales of Electric Vehicles (Units), By Vehicle Type-2012-2016
  • 15. Global AutomobileTurbochargers Market Synopsis Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Electric Vehicles Market Outlook : 2016-2024
  • 16. XX% XX% XX% XX% Variable Geometry Turbochargers Twin Turbo Wastegate Technology Electric Turbochargers Source: Goldstein Research Source: Goldstein Research XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX Europe China United States 2015 2016 XX% XX% XX% In 2016, twin turbochargers dominated the market; twin turbochargers accounted for nearly XX% of the total automotive turbochargers market and remaining XX% went for other products. Growth in automobile sector, rising concern about fuel efficiency, and stringent carbon emission regulations, are the major factors driving the global automotive turbochargers market. However, as the vehicle and components sales are on rise (especially in developing countries), the North America automotive turbochargers market is projected to reach USD XXXX million in 2024 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, Europe automotive turbochargers market touched USD XXXX million in 2016. As per our survey, averagely XXX thousand new vehicles equipped with turbochargers will sold every year in Europe, also automotive turbochargers market in Europe is anticipated to reach XXX millions by the end of 2024. Germany China Japan France U.K India Brazil Russia MEA Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automobile Turbochargers Market Outlook : 2016-2024 Fig: 10: Regional New Turbocharger Equipped Vehicles Registrations (thousands of units), 201- 2016 Fig: 11: Global New Turbocharger Equipped Vehicles (Sales)- On the Basis of Country,2016 Fig: 12: Global Automotive turbochargers Market Share(%), By Technology Type-2016
  • 17. 4. Competitors Regional Analysis Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.comCopyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Electric Vehicles Market Outlook : 2016-2024
  • 18. High Penetration Medium Penetration Low Penetration Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Major Players Presence-Regional Analysis: Major Players/ Industries North America APAC Europe Latin America Middle East & Africa Honeywell International Inc. BorgWarner Inc. Cummins Inc. IHI Corporation Mitsubishi Heavy Industries Ltd Continental AG Bosch Mahle Turbo Systems Eaton Corporation PLC Toyota
  • 19. 5. Global AutomobileTurbo chargers Market Analysis, 2016-2024 Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.comCopyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Overview, By Region -2016
  • 20. Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Size (USD Billion) & Growth Analysis Fig: 13: Global Automotive Turbochargers Market Size (USD Billion)-2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018 2019 2020 2021 2022 2023 2024 Global automotive turbochargers market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, Global automotive turbochargers sales increased from XXX million units in 2015 to XXX units in 2016, which is likely to reach XXX million units by 2024. Rising demand of fuel efficient vehicles is the major factor driving the growth of turbochargers vehicles. According to Goldstein's estimate there will be more than XX million vehicles equipped with turbochargers will be running on roads by 2024. Further, turbochargers' penetration in vehicles to grow from XX% in 2016 to XX% by 2024, driven largely by automakers’ focus to improve fuel economy and performance of vehicles. In 2016, XX million vehicles where produced globally, with Europe having a market share of XX%. In 2016, Europe showed the largest growth worldwide in terms of market share (XX%). While Germany is the largest vehicle manufacturer in Europe, the Czech Republic and Poland have very high growth rates within the sector. This makes entering the European automotive market a major opportunity for suppliers from developing countries.
  • 21. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Overview, By Region -2016 XX% XX% XX% XX% XX% XX% China United States Europe Japan Korea South America 0% 20% 40% 60% 80% 100% China United States Europe Japan Korea South America Fig: 13: Global Automotive Turbochargers Penetration (%), By Top 6 Regions, 2016 Ranking Countries 1 Canada 2 Mexico 3 China 4 Japan 5 Germany 6 Korea 7 Belgium 8 Hong Kong 9 Singapore 10 France Ranking Countries 1 Canada 2 Mexico 3 China 4 Hong Kong 5 Singapore 6 Chile 7 Peru 8 Belgium 9 Netherlands 10 Germany Original Equipment Parts Aftermarket Parts Fig: 12: Global Automotive Parts Export Market Rankings, By Top 10 Players, 2016 The market share of turbocharging has traditionally been high in Europe, as turbochargers are mostly applied to diesel ICEs. The proportion of vehicles with turbos has increased in the past decade to 2015 in all OECD countries scrutinized here, despite a stabilization of diesel penetration, suggesting that other powertrains are increasingly equipped with this technology, allowing engine downsizing and thus higher energy efficiency. Globally, the turbocharger market is primarily dominated by three players, namely Honeywell (34 percent), Borgwarner (XX percent) and IHI, Japan (XX percent). Other large suppliers include Mitsubishi Heavy Industries, Bosch Mahle and Cummins Turbo Technologies. Assuming optimal capacity utilisation, ancillaries could enjoy high operating margins (XX percent-XX percent) is the turbocharger manufacturing business. Over the past few years, stringent emission norms and Corporate Average Fuel Efficiency regulation has prompted many global OEMs to start using turbochargers to downsize their engines to meet regulatory norms. Hence, geographies like US, China as well as Japan, have sizable turbocharger penetration despite low diesel vehicle penetration.
  • 22. 6. Market Dynamics Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.comCopyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Overview, By Region -2016
  • 23. Moderately Complex Not Suitable for Cities Facing Shortage of Power Short Driving Range and Speed Less Number of Recharge Points General Trend Technology Highly Complex Waived Utilizing lead acid battery technology Money Saving Clean Technology Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Market Dynamics Fig: 13: Growth Drivers Fig: 14: Growth Barriers
  • 24. 6.1. Growth Drivers Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.comCopyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook : 2016-2024
  • 25. Growing Sales of Automobiles  Rapid pace of urbanization in growing economies such as China, Brazil, Russia and India. Following regions registered XX% of the global sales of automobile market and also propelled the growth of automotive components market. While vehicle production is expected to grow by XX% until 2024, the share of value added by automotive suppliers is expected to rise from XX% to XX% in 2024.  Besides China, Eastern Europe is considered the most interesting growth market for automobiles. While the registrations grew by XX% between 2012 and 2016, the next years are expected to show growth by XX to XX% in car registrations. The Western European automotive supply market will play a major role within this growth scenario, as many of these cars are produced in Western Europe or Central European factories of EU car manufacturers. The total European market attractiveness will further increase in the next years.  In 2012 it was estimated that automotive industry spent over USD 26 billion on research and development (R&D); about X% of sales. Indeed, the auto industry is the largest European investor in R&D at roughly XX% of the total. About XX% is spent by suppliers who also obtain the majority of patents. High Medium Low Impact on Automotive Turbochargers Market Impact Analysis:-  According to our research, the annual sales of vehicles equipped with turbochargers are predicted to grow from XX million units in 2016 to XX million units by 2024, which equates to XX% increase in sales for all global industry sales. Turbocharger technology represents one of the largest market potential in the automotive industry across the globe. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Growth Drivers Fig: 17: Total Sales of Turbocharger Automobile across the globe (Million Units)-2005-2016 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Mitsubishi Heavy Industries to Boost Turbocharger Production Capacity Worldwide, aiming for 10 Million Units/Year Production Structure. Mahle GmbH and Robert Bosch GmbH plan to sell their turbocharger partnership, citing a failure to achieve economies of scale despite strong sales growth. Honeywell International, launched more than 100 turbocharger applications involving over 20 new technologies in 2014. The company launched these new applications in gasoline, diesel, natural gas, and hybrid powertrains for both light passenger and commercial vehicles
  • 26. 6.2. Market Restraints Published By: Goldstein Research Connect With Us: Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.comCopyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Growth Drivers Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook : 2016-2024
  • 27. Stringent Product Quality Regulations and Norms to Reduce Carbon Foot Prints  One of the greatest challenges facing global auto parts exporters is the global regulatory environment. Lack of harmonization, coherence and transparency of regulations and standards deeply affect the competitiveness of vehicle and automotive parts manufacturers worldwide. Conforming to two different standards is costly and time-consuming. Until recently, most developing countries have had only limited regulatory requirements, and thus, they accepted virtually any vehicles built at minimal safety and emissions levels. This has made it possible for many companies to export vehicles and products easily to these markets.  In addition to the barriers cropping up from the move toward EU standards, there are recent hints that emerging markets, such as China or India, are developing their own separate regulations. Having even more sets of regulatory standards will only make it harder to export to other markets and certainly raise the cost of doing business.  Moreover, Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. To overcome the challenges major automotive component manufacturer are spending huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve performance and to reduce weight of the turbochargers. % is spent by suppliers who also obtain the majority of patents. High Medium Low Impact on Automotive Turbochargers Market Impact Analysis:-  Vehicle efficiency and carbon emission reduction regulations are becoming more stringent and, thereby, continuing to push manufacturers to increase their level of investments. Most have been focusing on reducing weight and advancing engine & Powertrain technologies.  Dramatic cost reductions over the last few years have significantly reduced all plug-in vehicle production costs and resulted in growing market for battery electric vehicles, which is likely to throttle the growth of conventional turbochargers market growth. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Market Restraints Fig: 17: Global Annual Sales of Electric Vehicles(Million Units)- 2011-2016 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2011 2012 2013 2014 2015 2016 United Satates Wetsren Europe China Japan Canada Fig: 17: Concentration of Plug-in cars registered per 1000 people, Top European countries Compared with U.S and California (2016) XX XX XX XX XX XX XX XX XX XX XX U.S average Sweden Netherlands California Norway
  • 28. Published By: Goldstein Research Connect With Us: 6.3. Market Opportunity Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Electric Vehicles Market Outlook : 2016-2024
  • 29. Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Opportunity, 2016-2024 Fig: 19: Automotive Turbochargers Exports Volume (million units) in Global Automotive Turbochargers Market , 2016-2024 BIG PREDICTIONS for HEAVY DUTY VEHICLES The truck parts aftermarket will cross the USD XX billion (manufacturer level) across the globe by 2024 Parts eCommerce will likely account for X to X% of the TRUCK AFTERMARKET by 2024 The OES (Original Equipment Service) channel will gain a market share of X to X% on the strength of its private labels and telematics penetration  The major turbocharger suppliers – Honeywell, BorgWarner, Mitsubishi Heavy and IHI – are looking to capitalize on the growth opportunities as other big suppliers look to make a move into the sector. New players Bosch-Mahle and Continental are together expected to take around a XX% global market share for turbochargers by 2017.  Additionally, the turbochargers market has witnessed strong growth in agricultural machinery segment owing to growing sales of agricultural equipment and tractors in growing economies and Europe. Volkswagen plans to completely replace conventional gas engines for US models with turbocharged gas and diesel powertrains over the next three or four years. The automaker plans to replace its three remaining naturally aspirated or conventional gas engines – a five-cylinder 2.5-litre and two six-cylinder variants – with turbocharged engines. Toyota and Subaru outlined plans in November to roll out vehicles featuring downsized turbocharged engines starting in 2014. Toyota currently has no turbocharged vehicles in its line-up, but will use these engines across its portfolio, with possible displacements between 1.0 and 1.5 litres.  Over the next five years, the Middle East and Africa (MEA), a laggard, relatively unmotorized region, will likely see strong and consistent automobile sales growth; the biggest improvements are expected in Iran, Egypt, South Africa, and Nigeria. Along with this growth, automaker factory activity in the region will increase significantly. By 2021, nearly XX million cars will be built yearly in the MEA, an output increase of about XX percent. XXX 2016 XXX 2024
  • 30. Published By: Goldstein Research Connect With Us: 6.3. Global Automotive turbochargers Market Segmentation Analysis, 2016-2024 Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook : 2016-2024
  • 31. XX XX XX XX XX XX 2016 2024 Passenger Cars HCV LCV Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook : 2016-2024 Fig: 17: Global Automotive turbochargers Market Share, By Vehicle Type, 2016-2024 XX% XX% XX% Passenger Cars LCV (Light Commercial vehicles) HCV (Heavy Commercial vehicles) XX% XX% XX% 20242016 The global automotive components industry generates more than USD XX billion in revenue per year in which automotive turbochargers share more than XX% of the total industry revenue. The North American market had an estimated size of more than USD XX billion in 2016.  Passenger vehicle turbochargers market hold the largest revenue share owing to the huge market of passenger vehicles across the globe, which is likely to grow at CAGR of XX% over the forecast period. Asia Pacific being the largest automobile manufacturer globally also posses the fastest growth rate for turbochargers industry. Despite all the current difficulties in the BRIC countries, the truck markets in these regions are likely to offer many opportunities and a CAGR of +XX% until 2024. Their share in the global market will increase from XX% in 2016 to XX% in 2024. Fig: 17: Global Automotive turbochargers Market Y-O-Y Growth, By Vehicle Type, 2016-2024 2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f 2024f Fig: 17: Global Automotive turbochargers Market Size (USD Billion), By Vehicle Type-2016-2024
  • 32. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Size (USD Billion) By Top 10 Countries, 2016-2024 Fig: 17: Global Automotive turbochargers Market Share, By Vehicle Type, 2016-2024 Global passenger vehicle turbochargers market was USD XX billion in 2016, expected to attain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024. The selected leading manufacturers, which account for XX% of the total automotive turbochargers market, achieved a growth rate of XX% in 2016. Europe passenger vehicle turbochargers market dominate the total market owing to the largest turbocharged automobile production in the European countries, closely followed by Asia Pacific with XX% market share in global automotive turbochargers market. Mexico has been the bright spot among large Latin American economies for the automotive and components industry. Although the country’s overall economic growth has been relatively sluggish, its competitive manufacturing costs, solid supply chain and good transport links to the US have made it a huge recipient of automotive investment, especially as an export hub to the US and Canada. Over the past two years, it has overtaken and left Brazil far behind in annual vehicle production. Its domestic market, while relatively small, has also been surging, growing at a rate of XX-XX% per year over the past two years. Fig: 17: Global Automotive turbochargers Market Y-O-Y Growth, By Vehicle Type, 2016-2024 Fig: 17: Global Automotive turbochargers Market Size (USD Billion), By Vehicle Type-2016-2024 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016 2017 2018 2019 2020 2021 2022 2023 2024 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2016 2017 2018 2019 2020 2021 2022 2023 2024 XX% XX% XX% XX% XX% North America Europe Latin America Midlle East and Africa APAC
  • 33. XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2016 2024 Light Commercial Vehicles Heavy Commercial Vehicles Passenger cars Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Global Automotive Turbochargers Market Attractiveness and BPS Analysis by Vehicle Type, 2016-2024 Fig: 17: Global Automotive turbochargers Market Attractiveness-By Vehicle Type, 2016-2024 According to Goldstein Research, passenger cars and light commercial vehicles acquired the largest portion of market revenue while turbochargers for passenger car tends to grow at the faster pace during the forecast period. While the Europe leads all markets in manufacturing of turbochargers equipped passenger cars and heavy commercial vehicles at XX million and XXX million respectively, followed by the Asia Pacific and North America as the largest automobile and components manufacturer across the globe. Automotive turbochargers market is expected to witness decline in passenger cars segment as the conventional passenger cars share is likely to be eaten up by the electric vehicles, which is likely to decline the market share of turbochargers in passenger cars segment. However, passenger cars is projected to be the most lucrative segment for the automotive turbochargers market growth. Fig: 17: Global Automotive turbochargers Market BPS Analysis- By End Users, 2016-2024 XX% XX% XX% XX% XX% XX% XX% XX XX XX XX XX XX XX Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles
  • 34. North-America Automotive Turbochargers MarketAnalysis, 2016-2024 Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Regional Analysis of Automotive Turbochargers Market Published By: Goldstein Research Connect With Us:
  • 35. XX XX XX XX XX XX XX XX XX% XX% XX% XX% XX% XX% XX% XX% -XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX XX XX XX XX XX XX XX XX XX 2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f XX% CAGR: (2016-2024) Source: Goldstein Research XX% XX% XX% XX% XX% XX% XX% XX% 2016 2023 XX% XX% XX% XX% U.S. Canada Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com North-America Electric LSV Market Size (USD Billion) & Y-O-Y growth (%), By Region- 2016-2024 Fig: 21: North-America Electric LSV Market Share (%), By Country-2016-2024 Fig: 20: North-America Electric LSV Market Size (USD Billion) & Y-O-Y growth (%), By Region- 2016-2024 Fig: 21: North-America Automotive Turbochargers Market Share (%), By Vehicle Type-2016-2024 XX% XX% XX% XX% XX% XX% 2016 2024 Passenger Cars HCV LCV
  • 36. North-AmericaAutomotive Turbochargers Market Analysis, By Country-2016-2024 Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com North-America Automotive Turbochargers Market Outlook Published By: Goldstein Research Connect With Us:
  • 37. XX XX XX XX XX XX XX XX XX 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com U.S. Automotive Turbochargers Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024 XX XX XX XX XX XX XX XX XX% XX% XX% XX% XX% XX% XX% XX% -XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX XX XX XX XX XX XX XX XX XX 2016e 2017f 2018f 2019f 2020f 2021f 2022f 2023f XX% CAGR: (2016-2024) Source: Goldstein Research Fig: 24: U.S. Automotive Turbochargers Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 Fig: 24: U.S. Automotive Turbochargers Units (Numbers) Sales, 2016-2024 As the second-fastest-growing global market, North America’s turbo market will grow by XX percent per year in the next five years to more than 8 million total turbocharged vehicles by 2024, equating to XX percent of the market. General Motors has more than doubled U.S. sales of vehicles with turbocharged engines from about XXX thousand units in 2011, or less than XX% of U.S. sales, to XXX thousand units in 2016, or XX percent. That increase reflects significantly expanded penetration of turbochargers in GM's car models, to XX percent of car sales in 2016, up from just X percent in 2010. Driving the down-sizing and turbo revolution are federal fuel economy regulations that will require automakers to have fleets that achieve 54.5 miles per gallon by 2025 will significantly boost the growth of automotive turbochargers market growth in United States. Goldstein Research forecasts that turbocharged engines will represent XX percent of production for United States by 2024, up from an expected XX percent in 2016. Key Insights
  • 38. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com North-America Automotive Turbochargers Market Attractiveness-By Country, 2016-2024 Fig: 17: Global Automotive turbochargers Market Attractiveness-By Vehicle Type, 2016-2024 According to Goldstein Research, passenger cars and light commercial vehicles acquired the largest portion of market revenue while turbochargers for passenger car tends to grow at the faster pace during the forecast period. While the Europe leads all markets in manufacturing of turbochargers equipped passenger cars and heavy commercial vehicles at XX million and XXX million respectively, followed by the Asia Pacific and North America as the largest automobile and components manufacturer across the globe. Automotive turbochargers market is expected to witness decline in passenger cars segment as the conventional passenger cars share is likely to be eaten up by the electric vehicles, which is likely to decline the market share of turbochargers in passenger cars segment. However, passenger cars is projected to be the most lucrative segment for the automotive turbochargers market growth. Fig: 17: North America Automotive Turbochargers Market BPS Analysis- By Country, 2016-2024 XX% XX% XX% XX% XX% XX% XX% XX XX XX XX XX XX XX US Canada XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2016 2024 Canada US
  • 39. Company Profiling Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook : 2016-2024 Published By: Goldstein Research Connect With Us:
  • 40. Toyota Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook Published By: Goldstein Research Connect With Us:
  • 41. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook Fig: 17: Toyota Industries Corporation ( Company Overview) Founded 1926 Employees 51,458 Headquarters Japan Website www.toyota-industries.com Key Products Internal Combustion Lift truck Reach Truck Low Lift Truck Warehouse Logistics Simple AGV (Automated Guided Vehicles) Automated storage and retrieval system Business Strategy Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. Toyota motors is one of the largest automobile and material handling equipment manufacturer across the globe and expected to lead other global companies in near future. Company Overview  Toyota Motor Corporation is a Japanese automotive and material handling equipment manufacturer headquartered in Toyota, Aichi, Japan.  The Company is traded on the New York Stock Exchange (NYSE)  Toyota was the largest automobile manufacturer in 2012 (by production) ahead of the Volkswagen Group and General Motors.  The Industrial Vehicle segment provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work.  Lift trucks, which capture the top global market share*, are delivered to customers around the world under the TOYOTA, BT, RAYMOND and CESAB brands.
  • 42. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook Fig: 17Toyota (Revenue & Financial Analysis Business Strategy Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. Toyota motors is one of the largest automobile and material handling equipment manufacturer across the globe and expected to lead other global companies in near future. XX XX XX 2014 2015 2016 Revenue(USDBillion) XX XX XX XX XX XX XX XX XX XX XX 2014 2015 2016 Fig: 9-2 Material Handling Equipment Sales (Thousand Units), 2014-2016 XX XX XX XX XX XX XX XX XX XX XX XX XX 2014 2015 2016 Fig: 9-3 Toyota Industries Corporation Revenue (USD Billion), 2014-2016
  • 43. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Automotive Turbo Chargers Market Outlook Fig: 17Toyota (Revenue & Financial Analysis Business Strategy Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. Toyota Motors adopted Toyota Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. Toyota motors is one of the largest automobile and material handling equipment manufacturer across the globe and expected to lead other global companies in near future. Fig :- 9-4 Toyota Industries Corporation Revenue (%)-By Business Segments, 2016 XX% XX% XX% Automo tive Materia l Handlin g Other Fig :- 9-5 Toyota Motors Revenue (%), By Region, 2016 XX% XX% XX% XX% XX% Japan North- America Europe Asia Other Key Findings  Toyota Industries Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital  Toyota Industries Corporation announces that it has concluded an agreement with major North American materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The acquisition of Bastian signify Toyota Industries' full-scale entry into the North American materials handling solutions industry amid the e-commerce boom.  To expand company’s presence in emerging countries, Toyota Industries acquired the lift truck business of Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase its sales in emerging c9oountries where market expansion is expected over the medium to long term. Toyota (Revenue Split & Recent News)
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