Global Automotive supercharger Market Trends, Demand and Forecast To 2023

Posted by Rishikesh Kurane on November 25th, 2019

Automotive Supercharger Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Automotive Supercharger Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.

Automotive superchargers add power to the engine of a vehicle by the achievement of forced air induction. With energy sources such as petrol, natural gas, diesel, and other becoming scarce, there has been heightened emphasis on energy conservation. Achieving greater fuel efficiency is one of the ways the automotive industry is looking to compensate for the depleting energy resources, which has led to the heightened use of superchargers in automotive. Market Research Future (MRFR's) latest report on the global automotive supercharger market is packed with meaningful insights that have been compiled after a thorough analysis of the market. MRFR projects a CAGR of 6% in the automotive supercharger market over the forecast period of 2017-2023.

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Amidst fierce competition, automotive manufacturers are trying to gain an edge over the market by adopting various strategies. Product differentiation is one of them. Automotive OEMs are increasingly equipping vehicles with superchargers to fulfill consumer expectations pertaining to design, quality, and performance. Various regulations related to energy efficiency also advocate the use of superchargers in cars. The rising sales of high end and sports cars on a global scale has also reflected positively on the market growth. These high-performance cars rely upon superchargers for enhanced performance.

Segmentation

The global automotive supercharger market has been segmented based on technology, source of power, fuel type, and vehicle type.

By technology, the automotive supercharger market has been segmented into twin screw, centrifugal, and roots. Technology-wise, the centrifugal supercharger is the most widely used owing to its affordability and ease of installation. The centrifugal segment is anticipated to showcase rapid growth over the forecast period.

By source of power, the automotive supercharger market has been segmented into IC engine and electric motor. The IC engine segment is leading the market. Supercharger systems find extensive application in IC engine as its mechanism ideally suits IC engine.

By fuel type, the automotive supercharger market has been segmented into petrol and diesel. The petrol segment is the dominant one since supercharger systems are used more in petrol engine.

By vehicle type, the automotive supercharger market has been segmented into passenger, commercial, and motorcycle.

Regional Analysis

By region, the automotive supercharger market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America has captured the pole position in the global automotive supercharger market. Increased sales of SUVs and sports car in the region generates high demand for superchargers. SUVs and high-performance sports cars are manufactured using the latest automotive technologies and supercharger systems to provide extra thrust to the automobiles.

The APAC region has emerged as a major automotive manufacturing hub. Increased production of cars generates huge demand for automotive superchargers within the market. Moreover, with a rise in disposable income, the demand for SUVs and premium range cars have also increased considerably, which reflect favorably on the growth of the market.

The Europe region is home leading automotive manufacturers who compete with each other based on vehicle specifications. Automotive OEMs extensively use superchargers in premium range cars which induce high demand within the market.

Competitive Landscape

Automobili Lamborghini S.p.A. (Italy), Eaton Corporation Plc, Honeywell International Inc. (U.S.), Pagani Automobili S.p.A. (Italy), Aeristech (U.K), Rotrex A/S (Denmark), Mitsubishi Heavy Industries, Ltd. (Japan), The Ford Motor Company (U.S.), Ferrari N.V. (Italy), Vortech Engineering, Inc. (U.S.), Daimler AG (Germany), IHI Corporation (Japan), A&A Corvette Performance (U.S.), Porsche AG (Germany), Valeo (France), Koenigsegg Automotive AB , and Federal-Mogul Corporation (U.S.) are the eminent players in the automotive supercharger market.

Industry Updates

March 2019 - Tesla, a pioneer of the automotive and energy industry, is rolling out its a third-generation Supercharger that is capable of dramatically cutting charging times for its electric vehicles. The V3 Supercharger supports a peak rate of up to 250 kilowatts on the long-range version of the Model 3.

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