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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 2020, 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:
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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.
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