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Global Hypercar Market to Reach USD 90 billion by 2026, Aided by Rising Consumer Demand

According to a new report by EMR titled, ‘Global Hypercar Market Report and Forecast 2021-2026’, the global market for hypercar attained a value of nearly USD 645.7 million in 2020. The market is projected to grow at a CAGR of about 9.5% in the forecast period of 2020-2026 to reach a value of around USD 1113.6 million by 2026.

The global market for hypercar is primarily being driven by the rising demand for automobiles across the globe. The advanced features, as well as technology, of the hypercars, are garnering significant consumer attraction and are, therefore, aiding the market growth. Owing to its features like lower engine size and fuel consumption and improved durability, the demand for hypercar having a hybrid electric drive system is growing. The significant market share of North America can be attributed to an early introduction of the hypercar industry. A shift towards sustainable products, meanwhile, is expected to propel the market growth in Europe.

Due to its superior engine performance, hypercars are increasingly being preferred and developed in the automotive industry. In June 2021, Automobili Lamborghini S.p.A, one of the key players, owned by Audi AG (OTCMKTS: AUDVF), announced the arrival of the track-only hypercar. The Lamborghini SCV12 is developed by Lamborghini Squadra Corse and designed by Lamborghini Centro Stile. Such new product launches are expected to significantly attract consumers and, thus, boost the market growth further in the coming years.

Market Analysis by Engine Size, Powertrain, Speed, Chassis Type, Tyre Type, and Regions:

  • Based on engine size, the industry can be segmented into compact-size (below 1499 cc engine), mid-size (1500 to 2499 cc engine), and full-size (above 2500 cc engine).
  • The powertrain types in the industry include hybrid, electric, and gasoline.
  • The speed of the hypercar can be divided into low speed (Up to 211 Mph), medium speed (Up to 221 Mph), and high speed (Up to 231 Mph).
  • The chassis types of hypercar are carbon fibre, steel, and aluminium.
  • The tyre types in the industry can be segmented into run flat and high speed.
  • The regional markets for hypercar include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The integration of advanced as well as energy-efficient electric motors is driving the growth of the market.
  • Favourable features, including extreme performance in terms of power output, the torque generated, and acceleration times, are propelling the industry growth.
  • The rising demand for high performing but sustainable automotive is expected to propel the market growth in the coming years.
  • Rapid growth in the automotive industry and the rising adoption of hypercar technology are projected to aid the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hypercar for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the engine sizes, powertrains, speed, chassis types, tyre types, and major regions of hypercar.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hypercar 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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