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The global hypercar market reached approximately USD 774.21 million in 2023. The market is projected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of around USD 1335.23 million by 2032.
Hypercar is an ultralight, high-performance car, with an aerodynamic build, low drag features, and superior fuel economy. Its smooth underbody, low-angle shield, and frame steams are the products contributing to the aerodynamic features of the hypercar. The product is designed to offer high speed and increased fuel efficiency as it uses alternative sources of energy, including hydrogen fuel cells and electric motors.
The rising popularity of hypercars among automotive lovers is expected to aid the hypercar market growth in the coming years. The rising automotive sector, the growing demand for high-performance cars and the increased adoption of hypercar technology to improve driving performance are further contributing to the market demand. The high-end features of hypercar which enhance their functionalities such as shorter braking distance, agile handling, energy absorption technology, precise manoeuvring, crash management technology, and others, are also supporting the growth of the market. The limited production numbers of hypercars contribute to their exclusivity, making ownership a symbol of prestige and status, boosting their market demand.
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Sustainability and electrification trends; global wealth growth; brand heritage and legacy in the hypercar market; and technological innovations are the major trends impacting the hypercar market expansion
Mar 4th, 2024
Bugatti announced that it is all set to launch its new hypercar which will feature a V16 engine.
March 1st, 2024
McLaren Automotive, a Britain-based carmaker, announced that it is set to unveil its new hypercar, 'P18,' by the end of 2024.
February 2nd, 2024
Red Bull announced that it is set to undergo track testing for the RB17 hypercar in 2025. This new hypercar emphasises ease of handling and incorporates systems designed for mechanical reliability and user accessibility.
November 15th, 2023
HiPhi, a Shanghai-based electric car company, announced that it is set to reveal a four-door, four-seat electric hypercar called the ‘A’, which represents the pinnacle of modern technology.
Sustainability and electrification trends
Manufacturers are developing hybrid and fully electric hypercars that offer not only environmental benefits but also take advantage of performance enhancements enabled by electrification.
Global wealth growth
Economic growth in various regions has expanded the market for hypercars to new buyers seeking to showcase their success through exclusive vehicle ownership.
Brand heritage and legacy in hypercar market
Many hypercars are produced by brands with a rich history in racing and luxury automobiles and this legacy plays a crucial role in driving interest.
Technological innovations
Hypercar manufacturers continually push the boundaries of automotive technology, incorporating advanced materials, engineering, and aerodynamics to achieve unprecedented levels of performance.
Many hypercar manufacturers have roots in competitive racing, with histories marked by significant achievements on the racetrack. This racing pedigree is not just a testament to the brand's commitment to performance but also serves as a proof of concept for the technologies and designs featured in their hypercars. Consumers are often drawn to hypercars from brands with successful racing histories because they embody the pinnacle of performance and engineering excellence derived from motorsport, which contributes to the hypercar market development.
Market players are launching innovative hypercars with improved functionalities to stay ahead of their competitors. McLaren Automotive, the British car manufacturer known for its high-performance vehicles, announced plans to introduce a new hypercar, named 'P18,' towards the end of 2024. This announcement signals the company's ongoing commitment to innovation and leadership in the hypercar segment, which comprises the most advanced and performance-oriented vehicles in McLaren's lineup.
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“Hypercar Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Engine Size
Market Breakup by Powertrain
Market Breakup by Speed
Market Breakup by Chassis Type
Market Breakup by Tyre Type
Market Breakup by Region
The gasoline segment maintains its dominance in the market due to the high implementation of internal combustion engines in hypercars
The gasoline engines occupy the highest share in the hypercar market. The appeal of gasoline-powered hypercars lies in their high-performance capabilities, the visceral driving experience they provide, and the emotional connection enthusiasts have with the sound and feel of a traditional internal combustion engine (ICE). Brands like Ferrari, Lamborghini, and McLaren have long utilised gasoline engines to achieve the extraordinary performance metrics that hypercars are known for.
Hybrid powertrains, which combine a gasoline engine with one or more electric motors, have emerged as a significant force in the hypercar market. Hybrid technology allows manufacturers to enhance performance while reducing emissions and improving fuel efficiency. Hypercars like the Ferrari LaFerrari, McLaren P1, and Porsche 918 Spyder exemplify how hybrid technology can be used to push the boundaries of performance, leveraging instant torque from electric motors to complement the high-power output of gasoline engines.
Carbon fibre accounts for a major hypercar market share due to its excellent strength-to-weight ratio
Carbon fibre holds the highest share in the market. This material is prized for its exceptional strength-to-weight ratio, allowing for the construction of vehicles that are both lightweight and extremely strong. Carbon fibre's use in hypercars extends beyond the bodywork to include structural components, such as the monocoque (the vehicle's structural skin), which significantly reduces weight while maintaining rigidity and this weight reduction enhances performance, improves handling, and increases fuel efficiency.
Aluminium is anticipated to witness sizeable growth in the hypercar market as it is favoured for its lightweight properties compared to steel, along with its high strength and corrosion resistance. Aluminium is often used in the chassis and body panels of hypercars to reduce weight without compromising structural integrity. While not as light as carbon fibre, aluminium is more cost-effective and easier to work with, making it a popular choice for parts that require complex shapes and forms.
The market players invest heavily in research and development to incorporate advanced materials like carbon fibre to enhance performance and gain a competitive edge in the hypercar market
Automobili Lamborghini S.p.A., founded in 1963 in Sant'Agata Bolognese, Italy, is renowned for producing iconic models such as the Lamborghini Miura, Lamborghini Countach, Lamborghini Aventador, and Lamborghini Huracán.
Bugatti Automobiles S.A.S., established in 1909 in Molsheim, France, is famous for its high-performance vehicles including the Bugatti Veyron, Bugatti Chiron, and Bugatti Divo.
Dr. Ing. hc F. Porsche AG, originating in 1931 in Stuttgart, Germany, is celebrated for crafting legendary cars like the Porsche 911, Porsche Carrera GT, and Porsche 918 Spyder.
Ferrari N.V., founded in 1939 in Maranello, Italy, is renowned for producing timeless classics such as the Ferrari 250 GTO, Ferrari F40, Ferrari LaFerrari, and Ferrari 488 GTB.
Other market players include Daimler AG., Koenigsegg Automotive AB, and McLaren Racing Limited, among others.
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Europe and North America occupy major market share due to the heightened penetration of the product and rising purchase rates within the regions. Within Europe, Italy, Germany, and the United Kingdom are some of the leading producers of the product, who are increasingly supporting the growth of the market within the region. The prominent presence of the leading players in the market is aiding the market growth in both European and North American regions. Within North America, the United States is expected to be a major market for the product aided by the presence of major manufacturers like Ford and the rising demand for the product from prospective consumers. The launch of new products by the major market players within both regions is expected to further support the growth of hyper car market.
Asia Pacific has experienced significant economic growth over the past few decades, leading to an increase in the number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in countries such as China, Japan, South Korea, and Singapore. This wealth accumulation has expanded the customer base for luxury goods, including hypercars, as they are seen as symbols of status and success.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Engine Size |
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| Breakup by Powertrain |
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| Breakup by Speed |
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| Breakup by Chassis Type |
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| Breakup by Tyre Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 774.21 million.
The global hypercar market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1335.23 million by 2032.
The major drivers of the industry, such as rising disposable incomes, rapid urbanisation, growing adoption of the product, technological advancements, and rising product launches, from the application segments, are expected to aid the market growth.
The key market trends guiding the growth of the hypercar market include the rising R&D activities and the growing demand for high performance cars in the developing countries.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading engine sizes of hypercar in the industry are compact-size (below 1499 cc engine), mid-size (1500 to 2499 cc engine), and full-size (above 2500 cc engine).
The major powertrain types in the market are hybrid, electric, and gasoline.
The significant speed segments of hypercar in the industry are low speed (up to 211 Mph), medium speed (up to 221 Mph), and high speed (up to 231 Mph).
The leading chassis types of the product in the industry are carbon fibre, steel, and aluminium.
The major tyre types in the market are run flat and high speed.
The major players in the market are Automobili Lamborghini S.p.A., Daimler AG., Koenigsegg Automotive AB, Bugatti Automobiles S.A.S., Dr. Ing. hc F. Porsche AG, Ferrari N.V., and McLaren Racing Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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