Rising Demand For Luxury And Racing Cars To Fuel The Automotive Supercharger Market Growth

Global Automotive Supercharger Market: Key Highlights

• According to the new market research report “Automotive Supercharger Market by Type (Roots Superchargers, Twin-screw Superchargers, and Centrifugal Supercharger), by Components (Pulley/ Belts, Intercoolers, Blower, Compressors, Harmonic Balancers, Valves, and Others), by Fuel Type (Diesel and Gasoline), by Vehicle Type (Passenger Cars, Light-Duty Vehicles, and Heavy-Duty Vehicles ), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2027)”, the global automotive supercharger market is estimated to reach USD 11.1 Billion by 2027 at a CAGR of around 5.1% during the review period.
• Rising demand for luxury and racing cars is a key factor driving the demand for automotive supercharger market.
• However, the growing demand for electric vehicles remains a major restraining factor for the growth of the automotive supercharger market.

Global Automotive Supercharger Market: Key Market Dynamics

• Stringent emission norms imposed to limit air pollution have lowered the demand for diesel vehicles. This is expected to increase the demand for gasoline engine vehicles as it emits lesser amount of exhaust gases which is expected to boost the market growth.
• Due to the increased disposable incomes of consumers around the world, the demand for high-end and sports cars has increased. Superchargers are mainly used in these vehicles to increase the intake pressure of the engine.
• Rising inclination towards electric vehicles remains a major threat to the market growth
• The adoption of an electric supercharger is expected to open up substantial opportunities for the automotive supercharger market in the future.
• Power consumption from the engine and increased heat generation is likely to act as a challenge for market growth.

Global Automotive Supercharger Market: Regional Overview

• Asia-Pacific

The automotive supercharger market in Asia-Pacific region is projected to witness high demand due to the growing automotive sector. The growth in this region is mainly attributed to the increasing demand for luxury vehicles. Furthermore, stringent regulations imposed by the government to reduce fuel emissions have pushed the automotive manufacturers to improve their engines by installing superchargers. Asia-Pacific region has witnessed high usage of supercharges due to the presence of major automotive hubs in countries such as India, Japan, and China. 

• Europe

In Europe, the rising demand for high-end vehicles and sports cars has boosted the automotive supercharger market growth. The growing focus on luxury vehicles by automotive manufacturers present in countries such as Italy and Germany is further promoting the growth for automotive development.

Global Automotive Supercharger Market: Key Players Overview

• Eaton:

Eaton is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: electrical products, electrical systems and services, hydraulics, aerospace, vehicle, and eMobility.  In October 2019, The company has announced its new TVS R2650 supercharger to boost the new Ford Mustang Shelby GT500 which provides up to 12 psi of boost and helps to produce 760 horsepower and 625 lb.-ft. of torque, thus resulting in the most powerful street-legal Ford ever and a torque-dense supercharged production V8 engine in the world.

• Valeo:

Valeo is a France based company that manufactures and designs automotive components. The Company offers engine cooling parts, clutches, electrical systems, lighting, motors, windshield wipers, and actuators, security systems, electronics, and connective systems.

In April 2016, Valeo has won Automotive News PACE (Premier Automotive Suppliers' Contribution to Excellence) awards for its electric supercharger.

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