NEW YORK, Sept. 26, 2023 /PRNewswire/ — The hypercar market is estimated to grow by USD 63.44 billion from 2022 to 2027, growing at a CAGR of 32.64%. The hypercar market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer hypercar market are Aston Martin Lagonda Ltd., Ajlani Motors, Aspark Co. Ltd., Czinger Vehicles, Ferrari NV, Horacio Pagani S p A, HPE Design LLC, Koenigsegg Automotive AB, Mahindra and Mahindra Ltd., McLaren Group Ltd., Mercedes Benz Group AG, Rimac Automobili, SPANIA GTA TECNOMOTIVE SL, SSC North America LLC, Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Zenvo Automotive AS, and Zhejiang Geely Holding Group Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample before buying
Company Offering:
- Aston Martin Lagonda Ltd. – The company offers hypercars such as Aston Martin Valkyrie.
- Ajlani Motors – The company offers hypercars such as Ajlani Drakuma.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as North America, APAC, Europe, Middle East and Africa, and South America. North America will have the largest share of the market.
- North America is estimated to contribute 40% to the growth of the global market during the forecast period. The North American market is experiencing continuous growth due to the presence of many reputable OEMs/automotive manufacturers. These large companies such as HPE Design LLC (HPE Design), TranStar Racing LLC (TranStar), and SSC North America (SSC) have expertise in customizing and modifying sports cars into supercars or hypercars. This is due to intense R&D activity on high-performance powertrain technology in engine, transmission, suspension, and chassis. For example, the Dagger GT is a high-performance sports car developed by TranStar, a racing car manufacturer and supplier with the goal of becoming the fastest car in the world. Additionally, the US is favorable for supercar production because if the models meet CAFE (Corporate Average Fuel Economy) standards, a tax credit of up to USD 7,500 will be granted to the buyer. Hence, these factors are expected to drive market growth in the region during the forecast period.
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- Impactful driver- Increase in racing events
- Key Trend – Introduction of new hypercars
- Major Challenges – High costs associated with manufacturing and ownership
Market Segmentation
- By Powertrain type, the market is classified into gasoline and hybrid/electric.
Technavio Research experts have provided more insights on the market share of segments – View FREE Sample Report
FAQS
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TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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