Automotive Supercharger Market Size, Share, Industry, Forecast and outlook (2023-2030)
Global Automotive Supercharger Market is segmented By Type (Compressors, Harmonic Balancers, Pulleys, Intercoolers, Tensioners, Blowers, Valves, Others), By Power Source (Engine Driven, Electric Motor Driven), By Vehicle Type (Passenger Cars, Commercial Vehicles, Motorcycles), By Technology (Centrifugal, Roots, Twin-Screw), By Fuel Type (Gasoline, Electrical, Diesel), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The Global Automotive Supercharger Market is expected to grow at a CAGR of 4.5% during the forecasting period (2022-2029).
Automotive superchargers are used for pressurized air vehicles with an internal combustion engine to increase the extra energy supplied to the car. Moreover, the supercharger is also known as an air compressor, which increases the air density to produce excess air or oxygen to burn excessive fuel to produce more power output. Whereas an air compressor or automotive supercharger rotates up to 50,000 to 65,000 RPM and can generate 46% horsepower on average, it is estimated that a supercharger car's engine will boost performance 30%-50% over a comparable car without a supercharged engine. This supercharger is mainly combined with high-end luxury and racing cars and motorcycles. Moreover, they are easy to install and cheaper to service and maintain as they can be bolted down or on top of the engine and operate efficiently at an average temperature. Automotive superchargers need up to 20% of engine horsepower to run and derive the engine's crankshafts' required power. This massive amount of power loss by superchargers puts added strain on the vehicle engines. Therefore, engines with superchargers are built with heavy-duty components that can handle bigger internal explosions and extra boosts and significantly reduce the vehicle's cost. An essential advantage of superchargers is that it produces power to the car in real-time without any lag.
Market Dynamics
The demand for automotive superchargers is rising due to the increasing power of the vehicle’s internal combustion engine without affecting its fuel consumption pattern. Besides, the requirements for high-end vehicles are increasing, which is driving the growth of the market. Using an automotive supercharger, the vehicle's performance can be enhanced, and the installation of this supercharger is also comfortable in the car. Vehicle production is also increasing; these all-key factors are driving the growth of the market.
Moreover, it is expected that more than 45% of vehicles that will be sold in the world are supposed to be gasoline engine vehicles, and the growing power demand is expected to drive gasoline vehicles toward supercharging. The European Automobile Manufacturers Association released a study, which says that sales of gasoline-powered cars have overtaken diesel-powered vehicles and will be growing the market in the forecast period, which is also anticipated to see a drop in diesel vehicle sales due to the growing concerns on pollution levels, globally and will increase demand for hybrid and electric vehicles in the forecasted period.
However, the world is facing global fuel and natural resources crisis. Automobile consumers don’t mind purchasing high-end and high-performance cars as long as the product design, value, and comfort levels match their expectations. There are a few factors responsible for the growth of the automotive supercharger market. Besides, the high cost of superchargers might decrease the growth of the market in the forecast period. Still, the automotive industry is now moving towards electric and hybrid vehicles, which will also reduce the market's growth.
Segment Analysis
By type, the market is segmented into compressors, harmonic balancers, pulleys/ belts, intercoolers, tensioners, blowers, head units, valves, others. By power source, the market is segmented into engine driven, and electric motor is driven. By vehicle type, the market is segmented into passenger cars, commercial vehicles, and motorcycles. By technology, the market is segmented into centrifugal, roots, and twin-screw. By fuel type, the market is segmented into gasoline, Electrical, and diesel.
The sales of passenger vehicles in the country declined 49.59% last month compared with the corresponding period a year ago, due to which it will boost the market in the forecast period. Automotive superchargers are excellent devices that pressurize air into the engine, as discussed above and increase the net power supplied to the vehicle. The control of superchargers is achieved from a belt, which is connected to the machine. Superchargers also improve the RPM of an engine.
The growing production of gasoline engine vehicles due to strict air emission standards and higher sales of high-end cars due to improved disposable incomes globally boost the automotive supercharger market growth. Centrifugal supercharging technology is the most advanced technology in the market. However, OEMs' adoption of centrifugal superchargers is growing fast because this technology has benefits like a smaller size, easy installation, high efficiency, and low maintenance.
Geographical Analysis
The North American region is expected to grow at a higher CAGR during the forecast period due to the growing demand for racing cars. As racing cars need extra power for top speed and performance, superchargers can afford additional capacity in these cars. The increase of the market in this region is due to increasing fuel efficiency norms and the high disposable incomes that have increased the demand for high-end vehicles. This reason is fuelling the growth of the automotive supercharger market in this region. In this region, the US is the most significant and fastest-growing market in this region.
At present, Asia-Pacific holds the largest market share with around 50% of the vehicles globally. The countries such as India, China, and Japan are the major contributors in this region due to growing sales and automotive production. Besides, Asia has witnessed a change in the trend toward the downsizing of engines. Equipping a V6 with a supercharger is found to be more efficient than providing a vehicle with a V8 engine. Increasing CO2 emissions in This region have influenced the automakers to invent their machines by establishing a supercharger that will help incomplete and better combustion and reduce the risk of harmful emissions.
Competitive Landscape
The automotive supercharger market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream application. Eaton, EDELBROCK, Vortech Superchargers, RIPP Superchargers, Accelerated Racing Products, Mitsubishi Heavy Industries Ltd, Honeywell International Inc, VALEO, Tenneco Inc., IHI Corporation, Daimler AG, Ford Motor Company, Automobile Lamborghini S.P.A, and Ferrari N.V are the major player in the supercharger market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global automotive supercharger market.
Eaton
Eaton produces highly engineered roots-type positive displacement superchargers, which increases torque across the complete operating range without compromising drivability or emissions. Moreover, the increasing supercharger torque enables vehicle manufacturers to use smaller and more efficient 4- and 6-cylinder engines without perceived loss in power train performance. Besides, the supercharger incorporates a bypass system to reduce air handling losses when a boost is not needed and better fuel economy. Typical applications are on engines with displacements of 1.8L to 5.3L.
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