Hi guys, it’s Mark Phillips. The turbocharger is a growing business segment. Why? Turbochargers are a key technology to enhance performance, reduce fuel consumption, and lower exhaust emissions. When fitted to direct-injection diesel engines, they reduce fuel consumption by up to 25 percent – 25 percent! – compared to similar gasoline engines with duct injection.
For this reason, they have taken over almost the entire market segment. The trend with gasoline engines is decreasing: that is, reducing in cubic capacity for the same power output. This is readily achievable by turbocharging, since the high power-to-capacity ratio of these engines requires an increase in the air mass supplied to the engine. Inevitably, the number of turbocharged gasoline engines will grow significantly worldwide.
There are estimates that in 10 years, there will be at least 160 million cars and roughly 16 million trucks running on this key technology, and the trend will only continue to rise. As a result, the turbocharger segment represents one of the largest growth markets in the automotive industry worldwide
The rising number of turbocharged vehicles also offers a high sales potential for the aftermarket. Although the service life of a turbocharger is normally identical to that of an engine, defects may occur that require premature replacement, for example poor vehicle maintenance, inadequate lubrication, or excessive exhaust-gas temperatures. But it’s not only the turbocharger itself that offers sales opportunities. Repair shops that are service and sales-oriented also have the opportunity of acquiring additional business in the servicing or reconditioning segment.
I’m Mark Phillips. And thanks for watching.