Market Size of Automotive Supercharger Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 8.55 Billion |
| Market Size (2029) | USD 10.86 Billion |
| CAGR (2024 - 2029) | 4.89 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Supercharger Market Analysis
The Automotive Supercharger Market size is estimated at USD 8.55 billion in 2024, and is expected to reach USD 10.86 billion by 2029, growing at a CAGR of 4.89% during the forecast period (2024-2029).
Over the long term, the enhancement in the automotive supercharger technology to provide higher-power output to engines, better efficiency, and the growing demand for fuel-efficient and lightweight components will serve as major determinants for the growth of the automotive supercharger market across the world. Further, the government's aggressive push towards the adoption of new-energy vehicles will witness the integration of various liquefied petroleum (LPG), compressed natural gas (CNG), and hydrogen-based vehicles in the market, which will positively impact the demand for advanced supercharger systems, as manufacturers will increasingly prefer to integrate high powered engines in these vehicle models.
According to the European Automobile Manufacturers' Association (ACEA), 36.4% of all new cars registered in the European Union were petrol-based, while diesel accounted for 16.4% of registrations in 2022.
However, the rising adoption of electric vehicles, owing to the increasing consumers' preference towards availing carbon-neutral vehicles, is serving as a major deterrent to the growth of the automotive supercharger market, as electric vehicles do not possess regular internal combustion engines. Coupled with that, strict government regulations to ban petrol and diesel-based cars will negatively impact the demand for superchargers in the coming years.
For instance, in March 2023, the European Union approved a new law requiring that all new cars and vans sold in Europe must be zero-emission by 2035.
Moreover, with the rising electrification of vehicle fleets, automakers are shutting down their respective production bases. For instance, In November 2022, Stellantis announced the closure of its Fiat Powertrain Technologies (FPT) engine plant in Campo Largo, Brazil, which was announced due to the company's aim to achieve zero emissions by 2038.
Various automakers are extensively strategizing to pivot towards the development of diesel-based superchargers as they can be extensively used in diesel-operated commercial vehicles such as buses, pickup trucks, and vans, among others. The Asia-Pacific region is anticipated to become the fastest-growing market for automotive superchargers during the forecast period, owing to the increasing diesel vehicle sales expected in countries such as India and China. North America, Europe, and Asia-Pacific regions dominate the global automotive supercharger market due to the presence of leading automakers in these regions which are constantly strategizing to offer lightweight, high-power, and efficient engines to customers and the subsequent demand for luxury vehicles in these regions.
