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

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).

The competitive environment of the 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. 'Nidec Corporation', 'Siemens AG', 'Robert Bosch GmbH', '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'

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 automotive supercharger market CAGR.

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%.

North America is the dominating location inside the 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 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.