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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Hypercar Market Analysis by Region
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.
Hypercar Market Report Snapshots
Hypercar Market Regional Analysis
*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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Key Questions Answered in the Report
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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