Nitrous Surge: Global Market for Automotive Refills Poised for Accelerated Growth, 2023-2032

Allied Market Research published a report, titled, "Automotive Nitrous Refills Market by System Type (Wet Nitrous System, and Dry Nitrous System), Application (Performance Enhancement, Racing Applications, and Recreational Use), and Sales Channel (Online, and Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032". The global automotive nitrous refills market was valued at $562.0 million in 2022, and is estimated to reach $1.2 billion by 2032, growing at a CAGR of 8.5% from 2023 to 2032.

Prime Determinants Of Growth

The global automotive nitrous refills market is experiencing growth due to several factors, such as growth in demand from motorsports, increase in inclination towards performance enhancement, and expansion of the automotive industry. Moreover, growth in demand from the e-commerce segment and rise in demand for performance upgrades offers remunerative opportunities for the expansion of the global automotive nitrous refills market.

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Recent Development:

On November 14, 2018, Nitrous Express acquired Snow Performance, a U.S Colorado-based methanol injection system manufacturer. The collaboration between the two companies is anticipated to strengthen the brand position of both companies. Moreover, the collaboration will also look after developing its product portfolio offering in the nitrous oxide segment and increase its presence globally.

Segment Highlights

Based on system type, the dry nitrous system accounted for the largest market share owing to dry nitrous systems being easier to install and refill; similarly, dry nitrous systems typically require fewer modifications to the vehicle's fuel system. Moreover, dry nitrous systems are often less expensive than wet systems because they do not require additional components like fuel solenoids, fuel lines, and nozzles to operate. Furthermore, these systems often work well with electronic control units (ECUs) , which allow for precise control of the nitrous and fuel delivery, optimize performance, and reduce the risk of engine damage.

On the basis of application, the racing application segment accounted for the largest market share, owing to growth in street and street and drag racing culture. Nitrous systems offer racing vehicles with immediate power gains, which help in achieving desirable speed and rapid acceleration during racing events. Moreover, with rapid technological growth and research and development in nitrous systems, they are designed to work seamlessly with advanced engines within minimal time and without the need for extensive mechanical expertise.

By sales channel, the online segment accounted for the largest market share, owing to an increase in E-commerce growth resulting in ease in availability of nitrous refill system. The online sales channel allows the customer to compare and purchase different nitrous refill systems to meet their customization requirement and needs.

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Regional Outlook

The Asia-Pacific region dominates the global automotive nitrous refills market and is driven by growing demand from China, Japan, South Korea, Indonesia and other countries. These regions are experiencing increasing popularity of automotive performance parts and modifications; the growth is driven by growth in tuning and modification culture in the region. Moreover, rise in popularity of drag race and street racing culture in Japan, China and South Korea is further fueling the growth of the market. The automotive nitrous refills market growth is driven by a growth in population and increase in disposable income among consumers. Furthermore, rise in sales of supercars and luxury vehicles in the region coupled with growth in trend of vehicle modification are further anticipated to drive the market demand.

Players

Nitrous Express
ZEX Nitrous
NOS (Nitrous Oxide Systems)
Snow Performance
Nitrous Outlet
Venom High Performance
Speedtech Nitrous
Hooley Performance Products
Edelbrock
Sardo Automotive

The report provides a detailed analysis of these key players in the global automotive nitrous refills market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Key Sources Referred

International Organization of Motor Vehicle Manufacturers (OICA)
European Automobile Manufacturers Association (ACEA)
Automotive Component Manufacturers Association of India (ACMA)
Motor & Equipment Manufacturers Association (MEMA)
Truck and Engine Manufacturers Association (EMA)
Society of Automotive Engineers (SAE)
American Trucking Associations (ATA)
International Road Transport Union (IRU)
Original Equipment Suppliers Association (OESA)
Center for Automotive Research (CAR)
Automotive Parts Manufacturers' Association (APMA)
Intelligent Transportation Society of America (ITS America)
Japan Automobile Manufacturers Association (JAMA)
National Highway Traffic Safety Administration (NHTSA)
National Automobile Dealers Association (NADA)
European New Car Assessment Programme (Euro NCAP)
Specialty Equipment Market Association (SEMA)
The International Council on Clean Transportation (ICCT)
Automotive Recyclers Association (ARA)

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