Overview and Scope
A hypercar is an ultra-modern, high-efficiency, and high-performance vehicle. Hypercar features an ultralight and ultra-aerodynamic design, as well as a hybrid-electric propulsion system that provides extremely high fuel efficiency and minimal emissions.
Sizing and Forecast
The hypercar market size has grown exponentially in recent years. It will grow from $19.16 billion in 2023 to $25.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.6%. The growth in the historic period can be attributed to increasing mergers and acquisitions, implementation of iot technologies, a rise in disposable income and increased consumer demand for enhanced user comfort, safety, and convenience.
The hypercar market size is expected to see exponential growth in the next few years. It will grow to $69.05 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to increasing adoption of electric or hybrid hypercars, increasing sales of luxury cars, development of the automobile industry and advancements in 5g technology. Major trends in the forecast period include strategic collaborations and partnerships, focus on new product launches, focus on new technology developments and an increase in installation of cybersecurity systems.
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The hypercar market covered in this report is segmented –
1) By Powertrain: Hybrid, Electric, Gasoline
2) By Technology: Four-Wheel Drive, Four-Wheel Steering, Active Airbrakes, Brake Steering
3) By Chassis Type: Carbon Fiber, Steel, Aluminum
4) By Application: Club, Private, Other Applications
Europe was the largest region in the hypercar market in 2023. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the hypercar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing sales of luxury cars are expected to propel the growth of the hypercar market in the coming years. Luxury brands have a greater perceived worth than other corporations, therefore businesses are aiming to improve their luxury vehicle sales during auto shows. A hypercar is one of the most advanced and high-performance luxury cars on the market recently. According to the Auto news, U.S. luxury car brands delivered 2.2 million vehicles accounting for 14.7% of total U.S. light-vehicle sales. The luxury car industry in the U.S grew by 13% as compared to 2021 while the overall industry grew only 3.3% as compared to 2021. Therefore, the increasing sales of luxury cars drive the growth of the hypercar market.
Key Industry Players
Major companies operating in the hypercar market report are Dr. Ing. hc F. Porsche AG, Daimler Group, Ferrari N.V., Maserati S.p.A, Automobili Lamborghini S.p.A, Lexus, McLaren Racing Limited, Bugatti Automobiles S.A.S., Zenvo Automotive A/S, Vazirani Shul, DC Avanti,, Motormind Hyperion, Tata RaceMo., Apollo Intensa Emozion, Schneider Transport SA, Gefco, LDI Dimotrans Group, Xpo Transport Solutions Spain SL, Primafrio SL, Trans Sese SL Deutsche Post AG, Schenker Aktiengesellschaft, Dachser Group SE & Co, HAVI Logistics GmbH, Arrinera, ElectroMobility, Izera, Hydrocar, Leopard Automobile, Melex AvtoVAZ, Lada, GAZ, KAMAZ, NAMI, Aurus Motors, UAZ, Hennessey Performance Engineering (HPE), Koenigsegg, Dodge, American supercar brands, Draco Motors, Chevrolet Corvette, SSC North America
The hypercar market report table of contents includes:
1. Executive Summary
2. Hypercar Market Characteristics
3. Hypercar Market Trends And Strategies
4. Hypercar Market – Macro Economic Scenario
5. Global Hypercar Market Size and Growth
…..
32. Global Hypercar Market Competitive Benchmarking
33. Global Hypercar Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hypercar Market
35. Hypercar Market Future Outlook and Potential Analysis
36. Appendix
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