USD 7.8 billion
Report ID:
SQMIG25A2270 |
Region:
Global |
Published Date: November, 2024
Pages:
215
|Tables:
172
|Figures:
79
Automotive Supercharger Market size was valued at USD 8.2 Billion in 2023 and is poised to grow from USD 8.6 Billion in 2024 to USD 12.59 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
A car supercharger or forced induction system is an air compressor that usually improves the density or pressure of internal combustion engines. Increased density gives cars' internal combustion engines more oxygen which in turn burns more fuel and produces additional energy. It also produces extra horsepower. Superchargers are widely used in luxury and racing cars and bikes. Superchargers are relatively easy to operate and cost less in service.
Car chargers are known to save 20% of the car’s horsepower for driving, get the necessary energy from the crankshaft of a car, communicate with the help of gears, chains, belts or shafts so they carry heavy components that can deal with internal explosions function and its superchargers extra boost. The main advantage of these superchargers is their ability to power vehicles in real time without delay.
Increasing downsized engines coupled with increasing fuel efficiency of vehicles represents one of the major factors driving the growth of the global automotive supercharger market. Moreover, due to environmental factors in response to growing concerns about carbon dioxide (CO2) emissions, governments in many countries have implemented strict regulations. As a result, many automakers are installing superchargers in passenger cars and light-duty vehicles to improve performance and fuel economy Besides, the growing popularity of electric car superchargers in a hybrid vehicle acts as an additional catalyst for growth and reduces overall costs. Increasing downsized engines coupled with increasing fuel efficiency of vehicles represents one of the major factors driving the growth of the global automotive supercharger market.
Global Market Size
USD 7.8 billion
Largest Segment
Diesel
Fastest Growth
Diesel
Growth Rate
4.9% CAGR
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Global Automotive Supercharger Market is segmented by Technology, Fuel Type, Power Source, Sales Channel, Vehicle Type, and region. Based on Technology, the market is segmented into Centrifugal Supercharger, Roots Supercharger, and Twin-Screw Supercharger. Based on Fuel Type, the market is segmented into Gasoline, and Diesel. Based on Power Source, the market is segmented into Engine Driven, and Electric Motor Driven. Based on Sales Channel, the market is segmented into Original Equipment Manufacturer (OEM), and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automotive Supercharger Market Analysis by Vehicle
Due to the increasing use of passenger cars worldwide, the value in passenger type turbochargers was more than 60% of the market. Fuel cell car turbochargers, which provide efficient power production by providing fresh air for fuel cell battery so stimulate industry expansion.
Commercial vehicles are usually diesel-powered, and many of them have turbochargers, making the automotive supercharger market mature. As a result, commercial vehicle manufacturers are increasingly turning to gasoline engines to reduce emissions and meet regulatory standards under stringent emissions regulations in front of the disposal.
Automotive Supercharger Market Analysis by Fuel
With more than 50% of the market by 2022, the gasoline segment is expected to retain the top position. It is expected to grow at a CAGR of 8.7% during the period under review. The demand of the market is expected to increase due to the rapid adoption of turbocharged gasoline direct injection (TGDI) engines in gasoline-powered vehicles.
The global automotive supercharger market is growing significantly due to diesel. By 2030, it is expected to reach $26,920 million at a CAGR of 6.8%. Most use diesel as a fuel for trains, buses, ferries, farms, construction and military equipment, as well as goods and delivery vehicles. There are diesel-powered cars and compact cars. This expansion of turbochargers is due to the growing demand for diesel fuel in these vehicles.
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North America is the dominating location inside the global automotive supercharger market in terms of revenue share due to the growing manufacturing of fuel engine vehicles in addition to numerous rules imposed through the authorities a good way to lessen the growing air pollution and enhance fuel performance on this area. Also, the growing call for luxury automobiles and SUVs is leading to extra demand for superchargers in the place. North America is the dominant region in terms of revenue share in the global market due to the growing popularity of gasoline engine vehicles and regulations put in place by the government to reduce air pollution and fuel a due to increased efficiency in the region.
Asia Pacific holds the second one biggest share inside the global market due to the rapid expansion of the car enterprise mainly in developing economies consisting of China, and India. In addition, the authorities have formulated strict environmental rules to scale back vehicular emissions, that's possibly to similarly promote the boom of the supercharger marketplace. Asia Pacific has the second largest share in the global market due to the rapid expansion of the automotive industry especially in developing countries such as China, India and so on. VI emission norms are to develop energy efficient technologies, such as supercharger systems, for implementation and use in their new vehicles.
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Automotive Supercharger Market Drivers
Increased Demand for Heavily Equipped Luxury Vehicles to Drive Market Growth
Performance Improvements
Automotive Supercharger Market Restraints
Strict Regulation on High Carbon Emission Problems Such as Switching to Gasoline Engines
Cost Considerations
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The competitive environment of the Global Automotive Supercharger Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Eaton is a leader in the automotive supercharger market, offering supercharger solutions for a variety of vehicle types including passenger cars, commercial vehicles and high performance. The company’s innovative technologies and extensive industry experience position it at the forefront of this market. Honeywell is a leading supplier of automotive turbochargers and superchargers. Focusing on research and development, Honeywell continues to offer advanced supercharger solutions aimed at increasing engine performance and fuel efficiency to meet stringent standards carbon dioxide emission.
Automotive Supercharger Market Top Player’s Company Profiles
Automotive Supercharger Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increasing demand for luxury & race cars, benefits beyond turbochargers like real-time power supply, stricter regulations on rising carbon emission concerns like shift to petrol engines are driving the market growth but watch likely that declining energy consumption and increasing trend towards hybrid-electric vehicles will restrain market growth. In contrast, the introduction of high-charge electric motors is expected to create investment opportunities in the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 7.8 billion |
Market size value in 2031 | USD 12 billion |
Growth Rate | 4.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Supercharger Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Supercharger Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Supercharger Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Supercharger Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG25A2270
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