The Latest Automotive Supercharger Industry Statistics Explained
The global automotive supercharger market’s value was US$7.26 billion in 2020.
The statistic that the global automotive supercharger market’s value was US$7.26 billion in 2020 indicates the total worth of the market for automotive superchargers worldwide during that year. This value represents the revenue generated from the sales of automotive superchargers across different regions and markets. The figure of US$7.26 billion serves as a key metric for evaluating the size and economic significance of the automotive supercharger industry, highlighting the demand for these components in vehicles and the level of investment within the market. This statistic can be used by industry stakeholders, investors, and policymakers to understand the current state and potential growth of the global automotive supercharger market.
The sector is projected to reach US$10.95 billion by 2026.
This statistic indicates a projection for the sector’s total value to increase to US$10.95 billion by the year 2026. This figure suggests anticipated growth and expansion within the sector over the specified time frame. The projection could be based on various factors such as market trends, industry forecasts, economic indicators, and historical data analysis. It provides insights into the expected financial performance and size of the sector in the future, serving as a guide for stakeholders, investors, and decision-makers in planning strategies and investments accordingly.
The automotive supercharger industry is expected to grow at a CAGR of 7% between 2021 and 2026.
The statistic indicates that the automotive supercharger industry is projected to experience a Compound Annual Growth Rate (CAGR) of 7% over the period between 2021 and 2026. This suggests that the industry is anticipated to expand steadily at an average annual rate of 7% during this forecasted timeframe. The growth rate signifies the percentage increase in the industry’s revenue or market size year over year, highlighting the potential for an increasing demand for automotive superchargers due to factors such as technological advancements, performance enhancements in vehicles, and evolving consumer preferences. This optimistic growth projection could present opportunities for businesses operating in the automotive supercharger sector to benefit from the expanding market and potentially tap into new revenue streams.
The OEM market segment accounted for the largest market share in the automotive supercharger industry in 2019.
This statistic indicates that in 2019, the original equipment manufacturer (OEM) market segment held the largest portion of market share within the automotive supercharger industry. This suggests that a significant percentage of superchargers used in vehicles that year were supplied by the original equipment manufacturers themselves, rather than aftermarket manufacturers or other suppliers. The dominance of the OEM market segment signifies the importance and influence of established car manufacturers in the supercharger industry, highlighting their role in shaping the market landscape and driving technological advancements within the automotive sector.
The Asia-Pacific region dominated the automotive supercharger market in 2019.
The statement “The Asia-Pacific region dominated the automotive supercharger market in 2019” indicates that the majority of the market share for automotive superchargers was held by countries in the Asia-Pacific region during the year 2019. This suggests that a higher proportion of supercharger products were produced, sold, and/or used in countries such as China, Japan, South Korea, and others within the Asia-Pacific region compared to other regions around the world. Factors such as growing demand for high-performance vehicles, technological advancements in the automotive industry, and economic development in the region may have contributed to this dominance in the automotive supercharger market.
The twin-screw supercharger segment is estimated to grow at the highest CAGR during the forecast period.
This statistic indicates that among all segments within the supercharger market, the twin-screw supercharger segment is expected to experience the highest compound annual growth rate (CAGR) throughout the forecast period. This implies that the demand for twin-screw superchargers is projected to increase at a faster pace compared to other supercharger types, leading to a significant expansion of this particular market segment. Factors contributing to this growth could include technological advancements, increasing adoption of twin-screw superchargers in various industries, and the superior performance characteristics offered by this type of supercharger. Overall, this statistic suggests a promising outlook for the twin-screw supercharger segment in the coming years.
Turbochargers are a major competitor product to superchargers, with 31.4 million units sold worldwide in 2019.
The statistic “Turbochargers are a major competitor product to superchargers, with 31.4 million units sold worldwide in 2019” highlights the significant market presence and popularity of turbochargers as an alternative to superchargers. The figure of 31.4 million units sold worldwide in 2019 indicates the widespread adoption of turbochargers within the automotive industry, where they are commonly used to improve engine performance and fuel efficiency. This suggests that turbochargers are a preferred choice among consumers and automotive manufacturers, potentially due to their ability to provide increased power without adding significant weight or negatively impacting fuel economy. Overall, these numbers emphasize the competitive landscape between turbochargers and superchargers in the automotive market.
About 25% of all cars in the U.S. have superchargers.
This statistic suggests that approximately one out of every four cars in the United States is equipped with a supercharger. Superchargers are devices used to increase the power and performance of an engine by forcing more air and fuel into the combustion chamber. The presence of superchargers in a car typically indicates enhanced speed and acceleration capabilities. This statistic highlights the popularity and prevalence of superchargers within the automotive market in the U.S., showcasing a significant segment of vehicles that prioritize performance and engine power.
Europe is projected to be the fastest-growing market for automotive superchargers from 2021 to 2026.
The statistic that Europe is projected to be the fastest-growing market for automotive superchargers from 2021 to 2026 indicates that the demand for superchargers in the automotive industry is expected to increase at a higher rate in Europe compared to other regions during this time period. This growth may be driven by factors such as increasing consumer demand for high-performance vehicles, stringent emissions regulations pushing car manufacturers towards turbocharging solutions, and advancements in supercharger technology making them more efficient and appealing to the market. As a result, automotive supercharger manufacturers and suppliers may focus on expanding their presence in Europe to capitalize on the projected growth opportunities in the region.
Asia Pacific is likely to depict around 6.5% CAGR in automotive supercharger market from 2020 to 2026.
This statistic indicates that the Asia Pacific region is expected to experience a Compound Annual Growth Rate (CAGR) of approximately 6.5% in the automotive supercharger market from 2020 to 2026. A CAGR of 6.5% suggests a steady increase in market size and demand for automotive superchargers over the specified time period. This growth rate signifies a positive trend for the market in the Asia Pacific region, likely driven by factors such as increasing demand for high-performance vehicles, technological advancements in automotive engineering, and a growing automotive industry in the region. This projection can help stakeholders in the automotive industry make informed decisions regarding investments, production, and market strategies in the coming years.
The passenger vehicle segment accounted for over 60% share in the automotive supercharger market in 2019.
In 2019, the passenger vehicle segment held a significant share of over 60% in the automotive supercharger market. This statistic indicates that a majority of the demand for automotive superchargers came from passenger vehicles such as cars and SUVs. The popularity of superchargers in this segment could be attributed to their ability to boost engine performance, increase horsepower, and enhance overall driving experience. This highlights the importance of superchargers in catering to the needs of consumers looking to enhance the performance and power of their vehicles, particularly in the passenger vehicle segment.
Mechanical superchargers occupied a significant share of the supercharger market in 2019.
In 2019, mechanical superchargers held a notable portion of the supercharger market, indicating their significance within the industry. This statistic suggests that mechanical superchargers, which are driven by the engine’s crankshaft, were popular among consumers and manufacturers during that time. The data implies that mechanical superchargers were competitive and in demand compared to other types of superchargers, such as turbochargers or electric superchargers. This information provides insights into the preference for mechanical superchargers in the market and their effectiveness in boosting engine performance, highlighting their importance in the automotive and power industries during the specified year.
By 2026, the revenue from the supercharger market in North America will cross $242.5 million.
The statistic suggests that the revenue generated from the supercharger market in North America is projected to increase significantly by the year 2026, reaching a value of at least $242.5 million. This indicates that there is expected growth and demand in the market for supercharger technology, which is likely being driven by factors such as the increasing adoption of electric vehicles and the need for efficient charging infrastructure. The prediction of crossing the $242.5 million revenue threshold by 2026 indicates a positive outlook for the supercharger industry in North America and suggests potential opportunities for companies operating in this sector to capitalize on the growing market.
In 2019, commercial vehicles accounted for more than 35% share of the automotive supercharger market.
The statistic “In 2019, commercial vehicles accounted for more than 35% share of the automotive supercharger market” indicates that within the automotive supercharger market during the specified year, commercial vehicles made up a substantial portion, specifically over 35%. This suggests that commercial vehicles, which typically include trucks, buses, and other vehicles used for transporting goods and passengers, played a significant role in driving demand for superchargers, which are devices that increase the power output of internal combustion engines. The high market share of commercial vehicles in the automotive supercharger market could be attributed to factors such as the need for enhanced engine performance and efficiency in these vehicles for carrying heavy loads or ensuring timely transportation.
European automotive supercharger market size crossed USD 1.4 billion in 2019.
The statistic ‘European automotive supercharger market size crossed USD 1.4 billion in 2019’ indicates that the total value of the European market for automotive superchargers, which are devices used to increase the power and efficiency of an engine by forcing more air into the combustion chamber, exceeded $1.4 billion in the year 2019. This suggests a significant level of demand for superchargers in the European automotive industry during that time period, likely driven by factors such as the growing emphasis on performance and fuel efficiency in vehicles. The statistic provides valuable insight into the size and economic importance of the European market for automotive superchargers in 2019.
The automotive supercharger market in Latin America will surpass a valuation of $65 million by 2026.
This statistic projects that the automotive supercharger market in Latin America is expected to grow and exceed a value of $65 million by the year 2026. This indicates a significant increase in the demand for automotive superchargers in the Latin American region over the coming years. Factors contributing to this growth may include rising disposable incomes, technological advancements in the automotive industry, and a growing preference for high-performance vehicles. The market valuation of $65 million by 2026 suggests a positive outlook for the automotive supercharger industry in Latin America, with potential opportunities for manufacturers, suppliers, and retailers operating in this sector.
The U.S. automotive supercharger market in 2019 was valued at over USD 215 million.
The statistic “The U.S. automotive supercharger market in 2019 was valued at over USD 215 million” indicates the total monetary worth of the market for automotive superchargers in the United States during the year 2019. This value represents the combined revenues generated by the sales of superchargers, which are devices that increase the power and efficiency of an internal combustion engine by forcing more air into the combustion chamber. The high market value suggests a significant demand for automotive superchargers in the U.S. market, likely driven by factors such as the performance benefits they offer to vehicle owners looking to enhance the power output of their engines.
The aftermarket segment of the supercharger market is projected to grow at a CAGR of nearly 5% through 2026.
This statistic indicates that the aftermarket segment within the supercharger market is expected to experience a Compound Annual Growth Rate (CAGR) of close to 5% over the period spanning from the present to 2026. This forecast suggests a steady and moderate increase in demand for aftermarket superchargers, with the market expanding at a relatively consistent rate. The projected growth rate implies a positive outlook for businesses operating within this segment, indicating opportunities for revenue expansion and potential profitability. The data provides valuable insights for stakeholders and decision-makers within the supercharger industry, allowing them to make informed strategic plans and investments to capitalize on the anticipated growth in the aftermarket segment.
The sales of superchargers for gasoline engines will likely grow at a CAGR of 5.5% from 2020 to 2026.
This statistic suggests that the sales of superchargers for gasoline engines are projected to increase steadily at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2026. A CAGR of 5.5% indicates that the sales are expected to grow at a consistent rate over the mentioned period. This prediction implies that there is a positive outlook for the market of superchargers for gasoline engines, potentially due to increasing demand for performance enhancements in vehicles, advancements in technology, or changing consumer preferences. Companies operating in this market may benefit from this projected growth trend by aligning their strategies to capitalize on the expected market expansion.
The Mopar segment in the automotive supercharger market will record a 5% CAGR through 2026.
This statistic suggests that the Mopar segment within the automotive supercharger market is expected to experience a Compound Annual Growth Rate (CAGR) of 5% over the period spanning from the current year to 2026. A CAGR of 5% implies steady and consistent growth in the market segment’s revenues or sales each year during this time frame. This projection indicates that the Mopar segment is anticipated to expand at a moderate but healthy pace over the next few years, potentially driven by factors such as increasing demand for supercharger products, advancements in technology, and strategic marketing efforts.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.www.statista.com
2. – https://www.www.globenewswire.com
3. – https://www.www.gminsights.com
4. – https://www.www.worldatlas.com
5. – https://www.www.researchdive.com
6. – https://www.www.prnewswire.com
