A car supercharger is essentially an air compressor. Pressurization is a technology in which air is pre-compressed before it is supplied to the cylinder to increase air density and increase air intake, which can increase power, improve economy and improve emissions.
According to the different models of end users, superchargers can be divided into two categories: commercial vehicle superchargers and passenger car superchargers. Among them, passenger cars occupy a larger market, with a share of 83.10% in 2020. In addition, according to the difference in the nature of the supercharger itself, the supercharger can be divided into three categories: roots supercharger, centrifugal supercharger and twin screw supercharger. Among them, roots superchargers are the most widely used, accounting for 71.23% in 2020, centrifugal superchargers and twin-screw superchargers account for 8.46% and 20.31% respectively.
Europe and the Americas are the first and second largest revenue markets in the industry, with a total share of more than 80%.
In 2020, the total consumption value of the European turbocharger market was US$338 million, accounting for 43.72% of the global market share, followed by the American market with a market size of US$292 million and a market share of 37.79%, Asia ranked third with a total consumption value of US$98 million and 12.64% of the global market, while Oceania and Africa were smaller, accounting for only 3.21% and 2.64% respectively share. From the data, it can be seen that Europe and the Americas occupy more than eighty percent of the global market, which shows that the global turbocharger industry is highly concentrated.
According to the data, the total market consumption value of the global supercharger industry in 2015 was US$753 million, and since then it has increased year by year, increasing to US$773 million in 2020, with a compound annual growth rate (CAGR) of 0.51% from 2015 to 2020, which shows that the market growth is relatively slow. Based on this data and combined with the market environment and development law, we have carried out a series of function operations and deduced the data of the next 5 years with scientific models, and finally it can be predicted that by 2025, the total market consumption value of the global turbocharger industry will reach 882 million US dollars, with a CAGR of 2.68% from 2020 to 2025, and the market growth rate will improve to a certain extent during the forecast period.
In addition, through data analysis and model derivation, we predict that the regional competitive landscape will change during the forecast period: the market share of Europe will decrease from 43.72% in 2020 to 42.50% in 2025, while the share of the Americas and Asia will increase to 38.40% and 13.16% respectively, and the share of Oceania and Africa will increase to varying degrees.
Eaton dominates the global turbocharger market, with a CR3 of 82.55% and a high concentration in the industry
Eaton, a global leader in the supercharger industry, is a power management company that provides energy-efficient solutions that help customers manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. In addition, Eaton is committed to improving people's quality of life and the environment through the use of power management technologies and services.
In 2020, Eaton's turbocharger business sales revenue reached US$483 million, accounting for 78.87% of the global market share, dominating the global turbocharger market. The second and third largest companies in the industry are Vorton and Whipple, with market shares of 2.02% and 1.66%, respectively. From the data, it can be seen that the total share of the top 3 companies in the global turbocharger industry is 82.55%, which shows that the industry concentration is quite high.
Centrifugal pressurization technology and polymorphic pressurization technology will drive the market to rise rapidly, and the high development and maintenance costs will become a major limiting factor for the growth of the market
Due to the increasing disposable income of consumers across the world, the demand for premium vehicles will also increase, thereby boosting the growth of the supercharger market. To date, OEMs have made a lot of efforts to research engine downsizing, and superchargers happen to deliver higher horsepower through smaller engines and better address fuel efficiency specifications, which will be new opportunities for market growth.
In addition, the exhaust emissions of automobiles contain carbon dioxide and other harmful gases, and the rising carbon dioxide emissions do not meet the current concept and requirements of "low carbon" and "environmental protection", and car manufacturers can improve the performance of the engine by installing superchargers, helping to achieve more complete combustion of fuel, thereby reducing the risk of harmful emissions. On the whole, the many advantages of the supercharger itself will promote the market to continue to maintain high growth in the future.
Centrifugal pressurization technology is the newest technology in the market, and as a result, the market penetration of this technology is currently low. However, due to the obvious advantages of centrifugal superchargers such as easy installation, small size, high efficiency and low maintenance costs compared to other types of superchargers, the number of centrifugal superchargers adopted by automakers is increasing at a rapid rate. It is expected that in the future, centrifugal superchargers will get more and more demand in the market. In addition, polymorphic supercharging technology is expected to become a new growth driver for the supercharger market in the coming years, due to its higher fuel efficiency and torque enhancement capabilities. However, the high development and maintenance costs due to the use of heavy-duty components in automotive superchargers are expected to be a significant restraint factor for the growth of the market.