Automotive supercharger Market 2019 World Analysis and Forecast To 2023
Posted: Jun 14, 2019
Automotive Supercharger Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Automotive Supercharger Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.
The global automotive supercharger market growth is assessed to mark significant growth during the forecast period influenced by factors such as the massive competitive scenario of the automobile market. Market players invest majorly in technological advancements, and R&D to constantly launch new products to meet the growing demand and trends of the market. Additionally, the high purchasing power of the people and a rise in disposable income is creating massive demand for automobiles. These factors go hand-in-hand to contribute significantly to the automotive supercharger market. On the other hand, global awareness about the depletion of fuel and natural resources is encouraging manufacturers to create more fuel and energy efficient automobiles, subsequently driving the automotive supercharger market.
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The automotive supercharger market is segmented based on technology, source of power, fuel type, and region.
Based on technology, the market has been segmented into twin screw supercharger, centrifugal supercharger, and roots supercharger. The centrifugal supercharger is the most commonly used due to its affordability and ease of installation.
Based on the source of power, the market is segmented into Internal Combustion engine and electric motor. The IC Engine uses the supercharger system considerably more compared to the electric motor variety. The mechanism of the supercharger aptly suits the IC engine functionality, which is based on the combustion of fuel in the engine under pressure, and resultant release of high amounts of energy.
Based on the fuel used, the market is segmented into petrol and diesel. The petrol engine uses the supercharger system more since the exhaust produced by the petrol engine is less (compared to a diesel engine). Thus, with the increased rpm of the engine, the connected supercharger increases the vehicle power (unlike the diesel engine, which has to deal with the additionally generated turbo lag).
Based on region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World.
The North America region is assessed as the largest regional market and is estimated to show substantial growth through the forecast period, owing to the rise in the purchasing power and spending capacity of consumers which results in consumers owning at least one personal vehicle. The excellent road infrastructure also encourages consumer demand, thus contributing to the market share.
The European region is reported to have technologically advanced automobiles enhanced by the automotive supercharger technology, thus contributing to the demand in the global automotive supercharger market
Aisa Pacific is the emerging automotive hub of the world, especially in developing countries like India, and China, with their large working-class sector. The purchasing power and disposable income of people in this region are increasing, along with their preference for high-end cars, thus creating substantial demand for electric cars, subsequently contributing to the automotive supercharger market. Many key market players are realizing the potential market in the APAC region and are expected to expand their market in APAC over the forecast period.
The key market players of the global automotive supercharger market are The Ford Motor Company (U.S.), Federal-Mogul Corporation (U.S.), Honeywell International Inc. (U.S.), Vortech Engineering, Inc. (U.S.), A&A Corvette Performance (U.S.), Aeristech (UK), Porsche AG (Germany), Daimler AG (Germany), Rotrex A/S (Denmark), Ferrari N.V. (Italy), Pagani Automobili S.p.A. (Italy), Valeo (France), Automobili Lamborghini S.p.A. (Italy), Koenigsegg Automotive AB (Sweden), Eaton Corporation Plc (Ireland), Mitsubishi Heavy Industries, Ltd. (Japan), and IHI Corporation (Japan).
March 2019 – Tesla announced the introduction of their new service for its electric car owners, V3 Supercharging, which will support up to 250 kW per car.
January 2019 - Ford launched its new product - a supercharged 2020 Mustang Shelby GT500 electric car
November 2018 – Porsche announced the launch of its new electric car, Taycan, which will seta new supercharging standard - with a driving range of about 250 miles through a 20-minute charge using one of its planned 800-volt high-power charging stations.
October 2018 – Tesla launched supercharging stations in Japan, to expand its market in Asia Pacific countries.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar