USD 7.62 Billion
Automotive Supercharger Market Size, Share, Growth Analysis, By Components(Harmonic Balancers, Pulleys/Belts, Compressors, Intercoolers), By Power Source(Engine Driven, and Electric Motor Driven), By Technology(Centrifugal Supercharger, Roots Supercharger, and Twin-screw Supercharger), By Fuel(Gasoline, and Diesel), By Vehicle(Passenger Cars (PC), Commercial Vehicles (CV), and Motorcycles), By Sales(Original Equipment Manufacturers (OEM), and Aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2270 |
Region:
Global |
Published Date: April, 2024
Pages:
215
|Tables:
172
|Figures:
79
Automotive Supercharger Market Insights
Automotive Supercharger Market size was valued at USD 7.62 Billion in 2022 and is poised to grow from USD 8.04 Billion in 2023 to USD 12.28 Billion by 2031, growing at a CAGR of 5.45% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Diesel
Fastest Growth
Growth Rate
5.45% CAGR
Global Automotive Supercharger Market ($ Bn)
Country Share for North America Region (%)
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Automotive Supercharger Market Segmental Analysis
Based on components, the automotive supercharger market is segmented into harmonic balancers, pulleys/belts, compressors, intercoolers, blowers, tensioners, valves and head units. Based on power source, the automotive supercharger market is segmented into engine driven and electric motor driven. Based on technology, the automotive supercharger market is segmented into centrifugal supercharger, roots supercharger and twin-screw supercharger. Based on fuel type, the automotive supercharger market is segmented into gasoline and diesel. Based on vehicle type, the automotive supercharger market is segmented into passenger cars (PC), commercial vehicles (CV) and motorcycles. Based on sales, the automotive supercharger market is segmented into original equipment manufacturers (OEM) and aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Rest of the World.
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.
Global Automotive Supercharger Market By Fuel
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Automotive Supercharger Market Regional Insights
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.
Global Automotive Supercharger Market By Region
- Largest
- Fastest
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Automotive Supercharger Market Dynamics
Automotive Supercharger Market Drivers
Increased Demand for Heavily Equipped Luxury Vehicles to Drive Market Growth
- One of the quickest ways to improve the power output of a car engine is to add a supercharger to the engine. In-flight combustion engines often incorporate superchargers for their real-time energy delivery. The increasing use of automotive superchargers is due to improved engine efficiency and ease of installation, operation and maintenance. During the period under review, recent advances in automotive technology are also anticipated and increasing public awareness about these systems will boost the global automotive supercharger market CAGR.
Performance Improvements
- Automotive superchargers are sought after for their ability to increase engine performance by increasing horsepower and torque. This requirement is especially common among enthusiasts and sports car manufacturers aiming for optimal speed and acceleration. Stricter emissions regulations around the world are forcing automakers to look for technologies that improve fuel efficiency and reduce emissions. Superchargers offer a convenient solution by increasing engine performance without sacrificing power, helping manufacturers meet regulatory standards.
Automotive Supercharger Market Restraints
Strict Regulation on High Carbon Emission Problems Such as Switching to Gasoline Engines
- Government regulations have been introduced to switch from diesel-engine to petrol-engine vehicles due to increased carbon emissions. In addition, superchargers are more suitable for gasoline engines, which emit fewer emissions than diesel engines. Additionally, a supercharger, unlike a turbocharger, can improve a vehicle’s performance by delivering power in real time. Since then, because of the increasing environmental pollution, governments have focused on reducing air pollution.
Cost Considerations
- Vehicle superchargers can be expensive to manufacture, install and maintain. The high cost of superchargers, coupled with potential additional installation and aftermarket support costs, may deter budget-conscious customers from adopting this technology Supercharger systems to drive vehicle construction of existing systems poses compatibility challenges, especially reliability or security for older devices or ensuring seamless integration requires technical expertise and funding a greater closure.
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Automotive Supercharger Market Competitive Landscape
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
- Denso Corporation
- Mitsubishi Electric Corporation
- Johnson Electric Holdings Limited
- Valeo S.A.
- BorgWarner Inc.
- Mahle GmbH
- Hitachi Automotive Systems, Ltd.
- Continental AG
- Magna International Inc.
- Aisin Seiki Co., Ltd.
- WEG Industries
- Hella GmbH & Co. KGaA
- Mitsuba Corporation
- ABB Ltd.
- Brose Fahrzeugteile GmbH & Co. KG
- Shanghai Electric Group Co., Ltd.
- Rheinmetall Automotive AG
Automotive Supercharger Market Recent Developments
- October 2023: Japanese research group HySE, which includes some of Japan's leading hydrogen engine and off-roading manufacturers, such as Honda, Toyota and Yamaha, offers plans to introduce a hydrogen ICE-powered side-by-side X1 for the first time at Dakar 2024. The X1 is planned to be powered by a 1.0-liter four-stroke inline-four hydrogen motor engine linked to a supercharger to provide power efficiency.
- June 2023: Late Model Engines (LME) announces the introduction of the Whipple Gen 5 3.0L supercharger in its Gen V L8T engine model, which can reach 1,400 horsepower if it has the right fuel system and a good feed of race gas or ethanol, the company said later That its new engine can be fitted not only to passenger cars but also to sports cars.
- In November 2022, French car giant Renault Group announced plans to focus on the development of IC engines in a long-term vision. The company has entered into a non-binding agreement with GeelyHoldings to install components, power trains and IC engines for the upcoming fleet of lightweight IC engine hybrid vehicles.
- In April 2022, Toyota announced a $383 million U.S. investment. four manufacturing plants to help develop four-cylinder engines, including hybrid electric vehicles and 222 to acquire Toyota Alabama's $114,000-square-foot expansion of the Huntsville plant and to take new machinery manufactures four-cylinder assemblies to produce combustion engines and hybrid electrics.
Automotive Supercharger Key Market Trends
- Rise in Number of Passenger Vehicles: Knowledge of internal combustion engine (ICE) passenger vehicles and lack of electric vehicle charging systems in many emerging countries hinder EVs and therefore consumers still prefer ICE-powered vehicles, which in turn tend to redesign the engines of these vehicles therefore the high demand for more powerful passenger cars contributes to the increased demand for heavy-duty hitchhikers worldwide. Immediately. In 2022, the share of petrol vehicles in the total passenger vehicle market in India touched 68%, while diesel vehicles accounted for 19% of the total vehicle sales in the market Similarly in Greece, gasoline vehicles accounted for 71.3% of all vehicle sales by 2022, while diesel-powered vehicles accounted for 17.42%.
Automotive Supercharger Market SkyQuest Analysis
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 7.62 Billion |
| Market size value in 2031 | USD 12.28 Billion |
| Growth Rate | 5.45% |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Supercharger Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Supercharger Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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