Garrett Motion Inc. Overview
Pro stress-test →Garrett Motion designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The independent, publicly-traded company was established in 2018 following its spin-off from Honeywell International Inc. The company is navigating the automotive industry's transition to electrification while maintaining dominance in its core turbocharger business.
Strategic Profile
Pro stress-test →The company is a Tier 1 supplier that dominates the turbocharger market and is aggressively pivoting, having secured its first major series production award for electric motors. Garrett Motion's core turbocharger business benefits from the slower-than-expected electric vehicle transition, extending its growth runway. The company maintains strategic partnerships with leading automotive OEMs globally.
Competitive Landscape
Pro stress-test →Garrett partners with the world's leading car and truck manufacturers, creating turbocharging, electric boosting and connected vehicle systems. The company competes against other automotive component suppliers in turbocharging and emerging electric motor segments. Market leadership remains strong despite competitive pressures from new entrants in electric propulsion.
Industry Context
Garrett Motion Inc. operates in Automotive Components & Propulsion Systems.
Key facts
Founded: 2018 · Headquarters: Rolle, Switzerland · Employees: 10000 · Revenue: $3.55B · Market cap: $3.33B