BorgWarner has announced US$2.9bn of expected net new powertrain business for 2014 through 2016, up 26% from the previous three year net new business.

Of the total new business, approximately 80% is anticipated from engine-related products such as turbochargers, ignition systems, emissions products, engine timing systems including variable cam timing devices and thermal systems. The remaining approximate 20% is expected from drivetrain-related products including all-wheel drive systems and the company's fuel efficient DualTronic transmission technology and its traditional automatic transmission products.

The European market accounts for approximately 27% of the expected new business compared with 30% in the previous period.

Europe remains an important growth market for the company but the adoption of advanced powertrain technology in other parts of the world is expected to outpace Europe over the next few years.

New business sales in Asia are expected to account for about 47% of the total by the end of the period. Approximately 32% of expected new business is in China as sales continue to accelerate.

The top 25 customers of the three year net new business include eight Chinese domestic OEMs. Approximately 26% of the anticipated new business over the three years is in the Americas; this includes 19% with the North American domestic OEMs compared with 11% in the previous three year period.

Tightening emissions standards and a sharpened focus on fuel economy in the commercial vehicle market is expected to provide additional growth for BorgWarner. The top 25 customers of the three year net new business include five commercial vehicle OEMs. Approximately 13% of the expected new business is related to the commercial vehicle market.

Turbochargers account for about 50% of the company's net new business, with growth in the commercial vehicle, diesel passenger car and gasoline passenger car markets.

Turbochargers produced for light and commercial vehicle OEMs is expected to grow nearly 50% over the next five years, from approximately 31m units produced in 2013 to approximately 46m in 2018.

Another 7% of the new business is tied to the company's dual-clutch technology. The number of dual-clutch transmissions produced is expected to more than double over the next five years to over 9m units by 2018.