Honeywell Transportation Systems, the world’s leading turbocharger supplier with an estimated 34 percent share of the global market, foresees big gains for the performance-boosting, CO2-reducing technology, especially in the U.S. and China. Terrence Hahn, who is CEO of the Switzerland-based Honeywell business unit, shared his views on the hot sector with Automotive News Europe Managing Editor Douglas A. Bolduc.
What is Honeywell’s 2015 vehicle production outlook for Europe, the U.S. and China?
In Europe, the overall market growth has been muted, but there have been some positive signs from some of the countries that have led to modest growth. We expect that to continue in 2015. In the U.S. and China there will be significant growth.
What about the forecast for total sales of vehicles with turbochargers?
This year there will be modest growth in Europe and big increases in the U.S. and China. Our forecast is for double-digit growth in the U.S. and China.
And beyond this year?
By 2019, we foresee 49 million turbocharged new vehicles sold globally each year, representing 43 percent of the market [up from 31 percent in 2013]. In North America, sales of turbocharged vehicles are expected to reach 38 percent of the market in 2019, up from 21 percent in 2014. In China the market is forecast to grow to 41 percent in 2019 from 23 percent last year. And we don’t see it stopping after that because emissions rules will keep getting tougher.
In 2019, 69 percent of the vehicles will be turbocharged, up from 67 percent last year.