Hyper cars are manufactured with ultra-light and ultra-aerodynamic designs, hybrid-electric drive systems, and high efficiencies. These features do not eliminate essential vehicle characteristics such as safety, performance, durability, affordability, and comfort. The increasing focus of automotive OEMs to build ultra-light weight vehicles with creative, unique designs and advanced technologies and the growing preference for high performance vehicles with enhanced systems are the factors expected to drive the demand for hyper cars throughout the forecast period.
The global Hyper Car Market Size is estimated to witness ~9.3% CAGR from 2019–2025.
The global Hyper Car Market Size is segmented based on propulsion, application, and region. On the basis of propulsion, the global market has been segmented into ICE vehicle, electric vehicle, and hybrid vehicle. On the basis of application, the global market has been segmented into racing competition, entertainment, and others.
On the basis of propulsion, the ICE vehicle segment is currently leading the global Hyper Car Market Size. This is attributed to stable fuel prices, lower residual values, higher upfront costs because of battery packs, lack of consumer awareness, and consumer concerns about the availability of charging infrastructure.
On the basis of application, the racing competition segment held the larger share in the global Hyper Car Market Size. There is an increasing preference for racing among individuals aging from 18–30, owing to the increasing investments in racing circuits due to increasing tourist attraction towards the hyper car racing in developed regions. Such, factors are expected to fuel the demand for hyper cars in the racing competition segment during the forecast period.
On the basis of region, the global market for hyper car is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe is expected to dominate the Hyper Car Market Size through the forecast period. The presence of well-established market players, such as Automobili Lamborghini S.p.A. (Italy), DescriptionPagani Automobili S.p.A. (Italy), BUGATTI AUTOMOBILES S.A.S. (France), and Maserati (Italy) and the continuously increasing demand for hyper cars across region are the factors driving the demand for Hyper Car Market Size in this region during the forecast period.
The prominent players in the global Hyper Car Market Size are Ferrari S.p.A. (Italy), Dr. Ing. h.c.F. Porsche AG. (Germany), Koenigsegg Automotive AB (Sweden), Automobili Lamborghini S.p.A. (Italy), DescriptionPagani Automobili S.p.A. (Italy), BUGATTI AUTOMOBILES S.A.S. (France), Maserati (Italy), McLaren Automotive (UK), Zenvo Automotive A/S (Denmark), Aston Martin Lagonda Global Holdings plc (UK), Rimac Automobili (South Korea), Jaguar Land Rover Automotive PLC (US), and BMW AG (Germany).
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