Press release
Supercharger for Automotive Market Growth riding on back of Modernization of Automobile Technologies
The global automotive supercharger market is driven by the rising demand for better vehicular technologies and advanced automotive. This is motivated by the drive for improving the engine performance and vehicles mileage. The growing sales of vehicles with advanced automotive in developed countries has bolstered the uptake of automotive supercharger. The rapid strides being witnessed in the automobile industry in emerging economies is supporting the rapid expansion of the demand for these superchargers.
The growing trend of modernization of automobile technologies augurs well for the application of superchargers for automotive. The ease of installation, its prolonged lifecycle, and its cost-effectiveness in adoption is accentuating the demand for supercharger for automotive in various parts of the world.
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The rising shift of vehicle manufacturers toward the adoption of compact superchargers for automotive is boosting the market. Advances being made in internal combustion engine components is stoking the demand for automotive superchargers.
The advent of alternative automotive technology has been crippling the steady expansion of the supercharger for automotive market. Moreover, the lack of scalability is also considered as potentially imitating factor for the market. The growing demand for the more efficient counterpart, notably turbocharge, is a key factor hampering the market expansion. However, the less complexity of supercharger for automotive will keep its demand buoyant during the forecast period.
On the other hand, the growing popularity of electric and hybrid vehicles is also hampering the uptake of supercharger for automotive. Nevertheless, the market is also expected to reap substantial gain from the increasing focus on developing electric supercharger.
The rapid expansion of the automotive industry in developing economies, particularly in Asia Pacific, is opening many a lucrative avenues in these regions. On the other hand, the rapid progress made in automotive technologies in developed economies is also expected to catalyze the growth of the overall market. Numerous countries of Europe are expected to be promising on account of this reason. The adoption of forced induction in modern vehicles is also expected to boost the market.
Some of the prominent players operating in the supercharger for automotive market are Aeristech Ltd., Ford Motor Company, Duryea Technologies, Continental AG, Bosch GmbH, Bosch GmbH, Eaton, Honeywell International Inc., and Valeo.
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