Automotive Supercharger Market Overview
The Automotive Supercharger Market size was valued at USD 6.9 Billion in 2023. The Automotive Supercharger industry is projected to grow from USD 7.31 Billion in 2024 to USD 11.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.35% during the forecast period (2024 - 2032). The increased RPM of the engine and the increased fuel efficiency are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Supercharger Market Trends
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Increase in demand for supercharged luxury cars to fuel the Market growth
One of the quickest ways to improve the engine output power of a vehicle is to add a supercharger to the engine. Internal combustion engines used in airplanes frequently include superchargers due to their real-time power delivery. The increased use of automobile superchargers is mostly due to improved engine output and an assembly that is simple to install, use, and maintain. Over the projection period, it is also anticipated that recent developments in vehicle technology and rising public awareness of these systems would fuel the growth of the automotive supercharger market CAGR.
Furthermore, one of the main factors supporting the growth of the worldwide automotive supercharger market is the rising demand for engine downsizing, which is occurring at the same time that vehicle fuel economy is rising. Furthermore, governments in various nations are enacting strict controls on carbon dioxide (CO2) emissions in response to the escalating environmental concerns. In order to maximize their performance and fuel economy, some automakers are adding superchargers to passenger cars and light-duty trucks. Another aspect that stimulates growth is the rising acceptance of electric automotive superchargers in hybrid vehicles for their ability to lower total costs.
For instance, Germany's government recently passed legislation prohibiting the use of diesel vehicles in the country in order to reduce air pollution. As a result, rising concerns about diesel vehicles are expected to fuel the growth of the automotive supercharger market.
As a result of growing environmental concerns, governments in many countries are also adopting severe controls on carbon dioxide (CO2) emissions. Several automakers are adding superchargers to their passenger cars and light-duty trucks to increase their power and fuel economy. The growing popularity of electric automotive superchargers in hybrid vehicles as a way to reduce overall expenses is another aspect influencing growth. This is anticipated to fuel the market for automotive superchargers' revenue.
Automotive Supercharger Market Segment Insights
Automotive Supercharger Technology Insights
The Automotive Supercharger Market segmentation, based on technology includes twin, screw, centrifugal, roots. The twin-screw segment is expected to have the highest CAGR during the projection period. A twin-screw supercharger is a positive-displacement design that compresses the air inside its casing by spinning a pair of screw-like rotors with meshed lobes and then delivers the compressed air into the engine. It's a more intricate and expensive supercharger, but at its core, this top-mount blower has the same performance profile as the roots type: tremendous low-RPM torques immediately from idle and great mid-RPM power with a drop-off as you near redlines.
Automotive Supercharger Source of Power Insights
The Automotive Supercharger Market is divided into two segments based on source of power: IC engine and electric motor. The IC engine commanded a substantial market share. In an Internal Combustion Engine (ICE), a supercharger is a device that boosts the pressure and density of intake air. This allows more air into the engine for better combustion, as more intake air leads to more fuel burning, resulting in high power output.
Figure1: Automotive Supercharger Market, by Source of Power, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Supercharger Fuel Type Insights
The Automotive Supercharger Market segmentation, based on fuel type includes petrol and diesel. The diesel category dominated the automotive supercharger market. Diesel engine is an internal combustion engine in which the fuel is ignited due to the elevated temperature of the air in the cylinder induced by mechanical compression; consequently, the diesel engine is known as a compression-ignition engine (CI engine).
Automotive Supercharger Vehicle Type Insights
The Automotive Supercharger Market segmentation, based on vehicle type includes passenger, commercial and motorcycle. During the projected period, the commercial category in the market is expected to increase faster than the passenger car segment. This is owing to increased demand in industrialized countries for commercial vehicles driven by diesel or gasoline engines, such as trucks and buses. The increasing number of enterprises engaging in electrification projects also contributes to the market's growth.
Automotive Supercharger Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to dominate the market in terms of both volume and value. This market is expanding due to the region's enthusiasm for racing cars. Other factors driving the growth of the automotive supercharger market in this region include the growing trend of engine downsizing, rising fuel efficiency standards, and high disposable incomes, which have increased demand for high-end vehicles.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive Supercharger Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s automotive supercharger market accounts for the second-largest market share due to rising disposable income levels and an increasing demographic base are driving up demand for autos. Further, the German automotive supercharger market held the largest market share, and the UK automotive supercharger market was the fastest-growing market in the European region
The Asia-Pacific Automotive supercharger market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising urbanization and changing lifestyles, which have resulted in greater demand for automobiles. Moreover, China’s automotive supercharger market held the largest market share, and the Indian automotive supercharger market was the fastest-growing market in the Asia-Pacific region.
Automotive Supercharger Key Market Players & Competitive Insights
Leading market players are investing heavily in R&D in order to expand their product lines, which will help the automotive supercharger market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, automotive supercharger industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive supercharger industry to benefit clients and increase the market sector. In recent years, the automotive supercharger industry has offered some of the most significant advantages to medicine. Major players in the automotive supercharger market, including Daimler AG (Germany), Koenigsegg Automotive AB, Federal-Mogul Corporation (U.S.), Eaton Corporation Plc, Honeywell International Inc. (U.S.), IHI Corporation (Japan). And others are attempting to increase market demand by investing in R&D operations.
BorgWarner Inc. is a multinational automobile supplier based in Auburn Hills, Michigan. The corporation has around 49,000 people and maintains production facilities and technological systems at 93 sites (as of June 6, 2022) in 22 countries globally. BorgWarner is one of the world's top 25 automobile suppliers. Since August 1, 2018, FrédéricLissalde has served as CEO of BorgWarner Inc. Borg-Warner Corporation was established in 1928. It was created by the merger of many companies, including Borg & Beck, Marvel-Schebler, Warner Gear, and Mechanics Universal Joint. Borg-Warner Corporation ceased to exist in 1987 as a result of a series of complex financial transactions, though the business was continued by a new firm of the same name (still Borg-Warner Corporation).In January 2021, BorgWarner Inc. introduced eBooster Gen2. BorgWarner eBooster offers significant improvements in both efficiency and performance. The eBooster helps to enhance fuel efficiency.
Eaton Corporation plc is a multinational power management corporation formed in the United States[3] with global headquarters in Dublin, Ireland, and a subsidiary administrative base in Beachwood, Ohio, with 2021 revenues of $19.63 billion. Eaton employs over 86,000 people and offers goods to clients in over 175 countries. In Bloomfield, New Jersey, Joseph O. Eaton, his brother-in-law Henning O. Taube, and Viggo V. Torbensen formed the Torbensen Gear and Axle Co. in 1911. The company was designed to manufacture Torbensen's innovative internal-gear truck axle with financial assistance from Torbensen's mother. To be closer to its major business, the automobile industry, the company relocated to Cleveland, Ohio, in 1914. In November 2022, Eaton Corporation launched the Twin Vortices Series X3100 supercharger for aftermarket applications and the expansion of its Detroit Truetrac and ELocker aftermarket differential lines.
Key Companies in the automotive superchargermarket include
- Porsche AG (Germany)
- Ferrari N.V. (Italy)
- PaganiAutomobili S pA. (Italy)
- Valeo (France)
- The Ford Motor Company (U.S.)
- Daimler AG (Germany)
- Koenigsegg Automotive AB
- Federal-Mogul Corporation (US.)
- Eaton Corporation Pl
- Honeywell International Inc. (U S.)
- HI Corporation (Japan)
- Rotrex A/S (Denmark)
- A&A Corvette Performance (U.S.)
- Aeristech (U.K)
- Vortech Engineering Inc. (US.)
Automotive Supercharger Industry Developments
In January 2020 Danfoss, a Danish supplier of heating and cooling systems, and Eaton, a power management company, announced on Tuesday that Danfoss will purchase Eaton's Hydraulics business for $3.3 billion in cash.
In January 2019 Duryea Technologies (founded in 1996 as "eCycle" with the intention of commercializing hybrid and electric motorbikes) announced the development of an electric supercharger for use in consumer and commercial vehicles.
Automotive Supercharger Market Segmentation
Automotive Supercharger Market by Technology Outlook
- Twin-Screw
- Centrifugal
- Roots
Automotive Supercharger Market by Source of Power Outlook
Automotive Supercharger Market by Fuel Type Outlook
Automotive Supercharger Market by Vehicle TypeOutlook
- Passenger
- Commercial
- Motorcycle
Automotive Supercharger Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric
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Details
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Market Size 2023
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USD 6.9 Billion
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Market Size 2024
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USD 7.31 Billion
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Market Size 2032
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USD 11.1 Billion
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Compound Annual Growth Rate (CAGR)
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5.35% (2024-2032)
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Base Year
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2023
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Market Forecast Period
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2024-2032
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Historical Data
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2019- 2023
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Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Technology. Source of power, Fuel Type, Vehicle Type , and Region |
Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
ย Porsche AG (Germany), Ferrari N.V. (Italy), PaganiAutomobiliS.p.A. (Italy), Valeo (France), The Ford Motor Company (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan), Automobili Lamborghini S.p.A. (Italy), Daimler AG (Germany), Koenigsegg Automotive AB , Federal-Mogul Corporation (U.S.), Eaton Corporation Plc, Honeywell International Inc. (U.S.), IHI Corporation (Japan). |
Key Market Opportunities |
Electric Superchargers can be a game changer. |
Key Market Dynamics |
Advantage over a turbocharger as lag diminishes. |
Automotive supercharger Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive Supercharger Market size was valued at USD 6.6 Billion in 2022.
The global market is projected to grow at a CAGR of 5.35% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are Daimler AG (Germany), Koenigsegg Automotive AB , Federal-Mogul Corporation (U.S.), Eaton Corporation Plc, Honeywell International Inc. (U.S.), IHI Corporation (Japan).
The diesel category dominated the market in 2022.
The twin-screwcategoryhad the largest share of the global market.