The Automotive Supercharger Market was valued at USD 6.83 Billion in 2016 and is projected to grow at a CAGR of 5.27% during the forecast period, to reach USD 10.95 Billion by 2025.
The higher performance expectations from smaller engines to drive the global automotive supercharger market close to USD 11 billion by 2025
Automotive superchargers are advanced devices that pressurize air into the engine which helps to increase the net power supplied to the vehicle. The power of superchargers is achieved from a belt, which is connected to the engine. Superchargers also increase the rotations per minute of an engine by up to 50,000. There are mainly three different types of superchargers, namely, roots type, twin screw, and centrifugal.
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The rising production of gasoline engine vehicles due to strict air emission standards and higher sales of high-end vehicles due to increased disposable incomes worldwide are some of the major factors driving the growth of the automotive supercharger market.
The roots supercharger technology is estimated to have the largest market size in the global supercharger industry as it is an old and tested technology. However, the centrifugal supercharger technology is gaining momentum in the market due to its high efficiency, low maintenance, and smaller size.
The electric motor driven segment of the market is estimated to be the fastest growing segment. The 48-volt electric motor driven superchargers are gaining popularity among OEMs as these superchargers do not consume any power from the vehicle’s engine.
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Gasoline engine vehicles segment is estimated to be the largest segment of the automotive supercharger market, by fuel type. Superchargers can boost a vehicle as soon as the vehicle starts moving. Also, superchargers are suitable for a gasoline engine that does not emit a large amount of exhaust gases. With the measures taken worldwide to curb air pollution, the production of diesel engine vehicles is expected to decrease. The resultant increase in gasoline vehicles will further drive the market of automotive superchargers in gasoline engine vehicles.
Key Market Players:
The ecosystem of the automotive supercharger market consists of manufacturers such as Honeywell (US), Eaton (Ireland), and Valeo (France) and research institutes such as the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
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