The global automotive supercharger market is expected to reach USD 8.48 billion in 2024 and reach USD USD 11.05 billion by 2029, growing at a CAGR of 5.45% from 2024 to 2029.
An automotive supercharger or forced induction system is an air compressor that tends to improve the density or pressure internal combustion engine of a vehicle. Due to increased density, it gives more oxygen supply to the internal combustion engine of vehicles which in turn burn more fuel and produce extra power. Superchargers spin up to 65,000 RPM to pressurize the air and create almost 46% extra horsepower. Superchargers are extensively employed in premium luxury and racing cars and bikes. Superchargers are comparatively easier to implement and affordable in terms of service. The automotive charger is known to garner about 20% of the horsepower of vehicles to operate, deriving essential power from the vehicle’s crankshafts, and is connected with the assistance of a gear, chain, belt, or shaft. Hence, superchargers are developed with heavy-duty elements that can handle internal explosions and provide extra boost. A notable benefit of these superchargers is that they offer automobiles power in real-time without any delay.
Increasing vehicle electrification and a rise in demand for engine downsizing are the growth factors for the global automotive supercharger market.
The key driver of the global automotive supercharger market is the production of gasoline engine vehicles due to strict air emission standards. An increase in the power of vehicle engines without affecting fuel consumption is driving the market growth. Improved engine output and easy installation are responsible for the expansion of this market. The surge in the demand for high-end vehicles will enhance market growth. The increasing government regulations on fuel efficiency, rising usage of electronic content per vehicle, developments in vehicle electrification, and rising demand for engine downsizing, along with the growth in increased disposable incomes worldwide and rising production of the automotive vehicle, will also increase the global automotive supercharger market.
The undertaking of turbochargers superchargers in the automobile industry is projected to restrain the global automotive supercharger market because of the better power and efficiency of turbochargers. This is credited to the fact that turbochargers make use of the kinetic and potential energy of exhaust gases to support the compressor and avoid direct load on the engine. Also, the high cost of the superchargers restrains the market growth, the decline in the enthusiast segment, original equipment manufacturers turning towards electric and hybrid vehicles, and lack of scalability are estimated to further restrict the growth of this market.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
5.45% |
|
Segments Covered |
By Type, End-User, Fuel Type, and Region. |
|
Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Honeywell, Eaton, Valeo, Porshe, Daimler AG, Ford Motor Company, Ferrari N.V., Pagani Automobile S.P.A., SFX Performance, LTD, Techco, and Others. |
The main criteria for this classification are based on how superchargers move air to the engine intake manifold. Because of their small & lightweight structure and efficient output delivery compared to the other two, centrifugal superchargers are expected to contribute to a significant market share during the forecast period.
The petrol engine vehicles segment is determined to develop a substantial share in the automotive supercharger market during the conjecture period. Superchargers are correct for a petrol engine that does not produce a large number of exhaust gases. With the precautions taken worldwide to control air pollution, the manufacturing of diesel engine vehicles is expected to reduce. This is anticipated to promote the expansion in the manufacturing of petrol vehicles, driving the demand in the worldwide automotive supercharger market in the future.
Several vehicle makers in luxury and sports cars are integrating built-in superchargers into their models.
North America and Europe are foreseen to contribute substantial revenue share of the market over the forecast period due to the rising adoption rate of these superchargers in developed economies.
North America takes a major share in the global market in terms of revenue in the automotive supercharger market. Factors such as the growing production of gasoline engine vehicles, government regulation regarding fuel efficiency, and engine downsizing are driving the target market towards growth. The growth of this market is due to the high enthusiasm for racing cars in this area.
However, the market in the Asia Pacific is projected to grow at a significant rate over the projection period because of the burgeoning automotive sector in countries like China and India. Moreover, strict environmental regulations laid out by the government to reduce emissions are expected to further enhance the growth of the target market.
Honeywell, Eaton, Valeo, Porshe, Daimler AG, Ford Motor Company, Ferrari N.V., Pagani Automobile S.P.A., SFX Performance, LTD, Techco. These are some of the market players dominating the global automotive supercharge market.
By Type
By Fuel Type
By End-User
By Region
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region