Bosch's business fires on – almost - all cylinders

January 27, 2016 // By Christoph Hammerschmidt
With overall sales exceeding €70 billion (about $ 76 billion), the Bosch group achieved a growth of about 10 percent in 2015. Accounting for 60 % of sales, the automotive business outgrew all other business segments. And the heavily criticised diesel technology? Is actually a contribution to clean the air, says Bosch CEO Volkmar Denner.

Despite weak growth in the worldwide automotive industry as Bosch’s most important customer, the company’s Mobility Business segment achieved a growth of 12 % to reach €41.7 billion in 2015. Particularly successful product groups were fuel injection systems (gasoline as well as diesel), driver assistance systems and infotainment systems.

For the future, Bosch CEO Volkmar Denner expects particularly high demand from the electrification of the mobility. Having acquired US-based battery technology company Seeo Inc. in 2015, Bosch believes to have future-oriented expertise in the area of innovative solid-state battery cells. Another segment to which Bosch pins its hopes is electric and electronic equipment for two-wheelers as well as for commercial vehicles. For both market segments, the company has recently launched focused business units.

According to the company, the three big trends of mobility – automation, electrification and connectivity – will also have significant influence to the design of two-wheelers and commercial vehicles: For commercial vehicles, the increasing automation will help to reduce accidents. In the two-wheeler segment, electronic fuel injection systems are expected to displace the carburetors. This will help to reduce fuel consumption as well as exhaust emission. In emerging markets, the changeover from traditional carburetors to electronic injection is a large business.