In this report, Technavio’s research experts announce their key market highlights for the global automotive supercharger market. Their findings include:
Automotive supercharger market expected to exhibit a significant growth rate during the forecast period
The global automotive supercharger market is expected to grow at a significant pace during the forecast period. In terms of units produced, the global automotive supercharger market is expected to reach 34.91 million units by 2019 from 21.66 million units in 2014. A supercharger is primarily used to enhance engine power, efficiency, and fuel economy to reduce carbon emission levels. The increase in concerns about fuel efficiency and the stringent fuel emission norms are few factors that are expected to drive the automotive supercharger market during the forecast period.
“The popularity of automotive racing in the emerging economies has also been one of the major drivers in the adoption of automotive superchargers in these countries. The success of the supercharger as a boost to the engine without any lag, has helped to increase the adoption rate of superchargers in racing vehicles. In addition, superchargers provide a broader power band than a turbocharger,” says Faizan Akhtar, a lead research expert from Technavio’s automotive components industry.
Vortech Engineering relaunched the V7-JT B supercharger that is capable of 29-plus pounds of boost pressure and well over 1,000 hp, designed specifically for racing conditions.
With rising popularity of different types of automotive racing around the world, the growth of the supercharger market has augmented. Competitive automotive racing was initially focused on popular car racing series such as Formula One, NASCAR etc., which attracted many sponsorships and promotional activities. However, there has been an increase in the variety of races with different types of vehicles having varying engine sizes, such as SUVs, dirt bikes, monster trucks, solar car, sprint car, and touring car. Supercharger manufacturers are focusing on developing supercharger technologies, which in turn will improve the performance and efficiency of the engine in all these racing vehicles.
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Manufacturers focusing on technological advances with superchargers, to make them unique from other 'forced induction systems'
There have been several advancements in the field of supercharging technology and other fields of forced induction systems. One such prominent advancement in the field of superchargers is the advent of CPT in electric superchargers. The CPT electric supercharger uses switched reluctance motor technology that is highly efficient and avoids the use of permanent magnets and other rare materials.
“An electric supercharger is a type of supercharger that uses an electrically powered forced-air system that contains an electric motor to pressurize the intake air. The pressurized air made available to the engine becomes dense and is proportionately matched with more fuel, producing the increased horsepower to the wheels with the increase in the air-fuel ratio,” explains Faizan.
International players dominate the global automotive supercharger market with approximately 60%-75% of the total market share
The global automotive supercharger market is highly competitive with many regional and international players vying to grab a strong foothold in the market. The market is characterized by the presence of well-established international, regional, and local players. The local and regional vendors in the market offer cost-effective superchargers with limited functionalities. However, as international players are increasing their presence in many regions, occupying approximately 60%-75% of the overall market, local vendors find it difficult to compete with the international players in terms of quality, features, and price.
The leading vendors in the global automotive supercharger market are:
- A&A Corvette Performance
- Magnuson Superchargers
- Paxton Automotive
- Vortech Superchargers
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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