Automotive Superchargers Market to Grow Due To Increasing Demand for High Power Luxury Vehicles
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.
Key Players
Market players who are leading growth for the global automotive supercharger market with their various growth strategies have been identified and analyzed in the report. Players included are The Ford Motor Company, Koenigsegg Automotive AB, Daimler AG, Aeristech, Valeo, Eaton Corporation Plc, Mitsubishi Heavy Industries, Ltd., A&A Corvette Performance, IHI Corporation, Porsche AG, Pagani Automobili S.p.A., Automobili Lamborghini S.p.A., Federal-Mogul Corporation, Rotrex A/S, Honeywell International Inc., Vortech Engineering, Inc., and Ferrari N.V.
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Market Insights
An automotive supercharger provides vehicles with the ability to intake a high amount of oxygen which allows the vehicle to burn fuel to its complete capacity due to high temperature combustion and generate more power. Market Research Future has dedicatedly researched every aspect of the global automotive supercharger market to find various conclusive facts and figures projecting growth over the review period from 2017 to 2023. MRFR's comprehensive analysis of the market has led to various findings including a CAGR of approximately 6% during the projection period. The report covers several important factors that influence growth for the market.
Automotives have a highly competitive market, with each competitor offering more than just a vehicle. Various brands of automotive look to differentiate themselves from the competition by offering a unique edge to their offerings. The market for luxury and high performance vehicles has been expanding at a rapid pace and is responsible for the growth of the global automotive supercharger market. Increasing economic development across the globe, combined with a rise in disposable incomes due to urbanization, particularly in developing economies has boosted the demand for luxury cars. Additionally, the automotive supercharger market is driven by the demand for increased fuel efficiency from vehicles in an increasingly environmentally conscious global scenario. With fossil fuels depleting and the focus shifting toward natural resources, automotive manufacturers are doing everything they can to increase the fuel efficiency of automotive vehicles.
The increasing sales of electric vehicles are likely to restrain market growth over the forecast period.
Market Segmentation
The global automotive supercharger market is made up of key components in the report which have been segmented on the basis of fuel type, technology, vehicle type, source of power, and region. Fuel types have been segmented into two primary segments - petrol and diesel. Petrol fuel type vehicles use supercharger systems more as the petrol engines generate less exhaust and are more suitable for increased vehicle power.
Technology used in automotive superchargers include root's supercharger, centrifugal supercharger, and twin screw supercharger. Among these, the centrifugal supercharger witnesses’ high popularity as it is easy to install and more affordable when compared to other technologies.
Source of power for automotive superchargers have been segmented into internal combustion engine and electric motor. The internal combustion engine is more effective in releasing high amounts of energy which makes it the more demanded source of power for automotive superchargers than an electric motor.
Vehicle types where automotive superchargers are used include motorcycles, commercial vehicles, and passenger vehicles.
Regional Analysis
Geographical regions in the market have been segmented into North America, Asia Pacific, Europe, and the Rest of the World. Among these regions which cover the global market the North American market has been found to ha achieved a leadership position in the market which it is likely to retain over the review period. In developed countries of the region such as the U.S and Canada, high demand for high performance vehicles has been witnessed. Increased adoption of vehicles with the newest automotive technology and a demand for high power SUVs and sports cars drives the North American market.
Meanwhile, the Asia Pacific automotive supercharger market is expected to grow rapidly due to its growing reputation as the next automotive hub of the world. The expanding middle class and increased disposable incomes have resulted in a higher demand for new automotive vehicles. In India and China, increasing demand for high performance luxury cars has been witnessed. The region is also a significant manufacturing hub for automotive.
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List Of Tables
Table 1 Global Automotive Supercharger Market: By Region, 2017-2023
Table 2 North America Automotive Supercharger Market: By Country, 2017-2023
Table 3 Europe Automotive Supercharger Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Supercharger Market: By Country, 2017-2023
Table 5 RoW Automotive Supercharger Market: By Country, 2017-2023
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List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
Continued…….
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