July 22, 2024

Increasing Demand for High-Performance Motorcycles to Boost Growth of Motorcycle Supercharger Market

 

Motorcycle Supercharger Market

 

The global Motorcycle Supercharger Market is estimated to be valued at US$9.80 Bn or billion in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
A motorcycle supercharger is a forced induction device that increases the pressure or density of air supplied to an internal combustion engine. This allows more fuel to be injected, resulting in greater power output from the engine without significantly increasing its capacity. Motorcycle superchargers are commonly used by sport and high-performance motorcycle manufacturers to boost horsepower levels. They offer advantages like improved acceleration, top speed, and engine performance without making major modifications to the engine design. With the increasing demand for high-performance bikes among racing and recreational riders globally, the market for motorcycle superchargers is witnessing healthy growth.

Market key trends:
One of the key trends in the motorcycle supercharger market is the rising popularity of electric superchargers. Unlike mechanical superchargers that are belt or gear driven, electric superchargers use an electric motor to spin the supercharger instead ofderiving power directly from the engine. This allows for more precise boost control and response. Many supercharger manufacturers are focusing on developing efficient electric supercharger systems for motorcycles. Another notable trend is the increasing demand for modular supercharger kits that can be fitted as bolt-on accessories in stock bikes as a means of enhancing performance without major modifications. This is driving many aftermarket players to offer DIY bolt-on supercharger solutions.
Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate due to the established presence of key players and the requirement of large investments to enter the market.

Bargaining power of buyers: The bargaining power of buyers is high owing to the availability of various substitutes and undifferentiated products.

Bargaining power of suppliers: The bargaining power of suppliers is moderate given the availability of substitutes and established supply chains of key players.

Threat of new substitutes: The threat of substitutes is low as motorcycle superchargers provide unique performance benefits over other modifications.

Competitive rivalry: The competitive rivalry in the market is high due to the presence of major established players.

Key Takeaways

The global motorcycle supercharger market is expected to witness high growth, exhibiting a CAGR of 5.3% over the forecast period, due to increasing demand for high-performance motorcycles.

Regional analysis: Asia Pacific dominates the global market and is expected to maintain its lead over the forecast period. This can be attributed to the high demand for superchargers in countries like India and Japan. China also presents lucrative opportunities for market players owing to the growing middle-class population.

Key players: Key players operating in the motorcycle supercharger market include Ducati, Kawasaki Motors Corporation, Honda Motor Company, Rotrex, Bimota, S Charger, ProCharger Superchargers, and Aerocharger. Ducati and Kawasaki have a strong presence across various countries due to their innovative supercharger systems and technologies. _______________________________________________________________________