Hyper Car Market Research Report - Global Forecast till 2030

Hyper Car Market Research Report: Information by Propulsion (ICE Vehicle, Electric Vehicle and Hybrid Vehicle), by Application (Racing Competition, Entertainment and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/AM/6473-HCR | January 2023 | Region: Global | 100 Pages         

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Hyper Car Market

Hyper Car Market Size is projected to reach USD 90 billion, at a CAGR of 10% from 2022 to 2030.

By Propulsion ICE Vehicle Electric Vehicle Hybrid Vehicle
By Application Racing Competition Entertainment others
Key Players
Companies Profiled   Rimac Automobili    Automobili Lamborghini S.p.A    Koenigsegg Automotive AB    Jaguar Land Rover Automotive PLC    BMW AG    Zenvo Automotive A/S
Market Driving Forces   Eeautiful aerodynamics    Effective propulsion    Weight management    Government initiative
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Hyper Car Market Overview

The global Hyper Car Market is projected to reach USD 90 billion by 2027 from an estimated USD 14.3 billion in 2020, at a CAGR of 10% from 2022 to 2030.

Hyper Cars are the highly efficient cares that provide safe and budget-friendly efficiency. It is also expected that the market Outlook will touch almost three to four times increase in the fuel economy, which will bring along the protection of the amenities and much more affordability. Apart from the beautiful aerodynamics, these cars have effective propulsion, and weight management has surpassed motorway speeds. Currently, there are only 1% of luxury cars. The automotive industry has been moving towards making ultra-lightweight cars that are creative and affordable, and this is the primary factor that would lead to the growth of the global hyper car industry Share.

COVID -19 analysis.

There is nothing more heartbreaking than the fact that the pandemic has brought about a change in the lives of every living being on this planet. Business has been affected similarly. The corona period is something that no one would ever forget in this lifetime. Lockdowns quickly spread, and much more have affected the business to the extent that many of them have to be closed down due to high losses. But life has to move on, and there needs to be a way where they can restart from scratch, obviously with an experience this time or mend the already running business with proper guidance. The reports provided to them have all the necessary information that the companies would need to get back on track. Starting from the market Trends, current situation, to the competitor's status; everything has been provided in detail. All this is a result of the detailed study and analysis by the analysts. The reports have been prepared by the in-depth study of the market by the expert analysts who know where the market stands in the current scenario.

Market Dynamics

The hyper car market Growth is substantially going to increase by almost 1880 units during the year 2021-2025. Sideways, the CAGR of the market is also expected to be at 34.5%. The report provided on the market Revenue has the extensive research that has been done primarily. This is also accompanied by the analysis of the quantitative and the qualitative aspect in details. The analysts and the hyper car Industry experts are the ones who have prepared the in-depth analysis, which is beneficial for the companies. The reports also provide a clear picture of the market Revenue, which also has the history of the previous forecasts regarding the hyper car industry Analysis, size, volume and value. The technological advancements, governing factors of the market and macroeconomics have also been considered while preparing the reports. The discussion about the strategies followed by the top companies has also been included in the reports provided to all the organizations.

Regulatory implications

Various government bodies across the globe have laid down distinct regulations to the supercar market, which is one of the significant factors affecting the market Trends. A highly luxurious model was supposed to be launched by one of the primary critical players in the market, McLaren, in 2018. Still, due to strict regulations by the Australian design rules, it could not happen. Moreover, the prices of these hyper cars are something that needs a high budget. Hence everyone can't go with these. Subsequently, these cars lie in the luxury asset criteria. The industry is regularly working to make sure that the costs are reduced to be made available to everyone. The hyper car Industry 's paradigm shift has shifted towards developing and electrifying cars to minimize the harmful impacts on the environment and boost market Value. While the market is still waiting for the laws to be passed at different levels in different regions that can help it nurture, all that can be wished is that they get into place really soon.

Competitive landscape

The key players in the hyper car market include Rimac Automobili, which is a South Korean company, Automobili Lamborghini S.p.A is based in Italy, Koenigsegg Automotive AB, a company based in Sweden, Jaguar Land Rover Automotive PLC, a US-based company, BMW AG, a German company, Zenvo Automotive A/S, which is a company based in Denmark and many more.

Segment overview

The hyper car market is subdivided into two major segments

Based on propulsion: This is further categorized into the following:

  • Electric vehicles

  • ICE vehicles

  • Hybrid vehicles
  • Base on application: This segment is further divided into:

  • Racing competition

  • Entertainment

  • Others
  • Regional analysis

    Based on the regions, the market is divided into following

    • Europe

    • North America

    • Asia Pacific

    • Rest of the world

    The region that is expected to dominate the hyper car market Size is Europe. The primary reasons behind the growth are the increased investments in development and research areas to manufacture high-quality hyper cars. Also, there has been a substantial increase in the demand for luxury cars.

    The region that is expecting the fastest growth in the market Value in Asia pacific. Technology innovation, commercialization of hyper cars, and testing in the area have increased many folds, resulting in the region's fast growth. Not only this, but automotive OEM has also increased in the region, and subsequently, it is expecting high-speed growth in the market 

    Recent development

    Here is the list of recent developments:

  • In the year 2019, a new showroom was opened in Riga by Mc Karen automotive. This has been known to be a milestone in the exact mansion of the company in eastern Europe. Riga is the largest state in the Baltic city, which has led to the expansion of the market Size to a great extent for the company.

  • 2018 in March, the Senna car was unveiled by McLaren, which is till date the slightest car with exceptional features like 800PS of power output, Raceactive chassis control 2, active front and rear aerodynamics and much more.

  • Ferrari announced the introduction of its first series PHEV in May 2019, the SF90 Stradale. It has a turbo engine that is capable of giving 780cv output, which is, in fact, the highest output of any eight cylinders. The rest of the 220cv is provided by the other three electric motors.

  • Mercedes AMG one hyper car was introduced by Mercedes AMG GmbH in September 2018, which has features like 100hp power, paddle operated gearbox and supports the rear suspension along with the engine.

  • Bugatti Divo was introduced by Bugatti in August 2018 in the event The Quail. An eight-litre W16 engine powers the hyper car. The aerodynamics have been finely tuned and is very light in weight, though the maximum speed is limited to 380km\hr.
  • Report overview

    With a high CAGR of 34.5% over the forecast period, the global hyper car market Share is experiencing a high and significant growth. The growth is mainly due to the increase in the demand for comfortable and sophisticated vehicles. These cars are incredibly light in weight and are powered by an all-wheel system if driving. These also offer ample car horsepower combined with a scheme called turbocharging that helps the cars achieve high speeds. Also, the racing experience's preference has been increasing in the young generation, which is also another reason for the growth of the market Outlook in the forecast period.  Hyper cars can also achieve high-level fuel economy, which is three to four times more than the others. Improve efficiency, safe amenities, and affordability is what the manufacturers are looking at currently in the hyper car industry Analysis. The automotive industry is aiming at designing and producing the vehicle that is ultra-light in weight.

    Report Scope:

    Report Attribute/Metric Details
      Market Size   2027: USD 90 billion
      CAGR   10% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Technology, By Application, By Vehicle type, By EndMarket
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Rimac Automobili, which is a South Korean company, Automobili Lamborghini S.p.A is based in Italy, Koenigsegg Automotive AB, a company based in Sweden, Jaguar Land Rover Automotive PLC, a US-based company, BMW AG, a German company, Zenvo Automotive A/S, which is a company based in Denmark
      Key Market Opportunities

  • Government initiative
  • Developing commercial sectors globally
  •   Key Market Drivers

  • Eeautiful aerodynamics
  • Effective propulsion
  • Weight management

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    Frequently Asked Questions (FAQ) :

    The growth rate attained by the market in the near future can be 10%

    The global Hyper Car Marke is projected to reach USD 90 billion by 2027 from an estimated USD 14.3 billion in 2020, at a CAGR of 10% from 2022 to 2030.

    Rimac Automobili (South Korea), Koenigsegg Automotive AB (Sweden), BMW AG (Germany), Aston Martin Lagonda Global Holdings plc (UK), Maserati (Italy), BUGATTI AUTOMOBILES S.A.S. (France), DescriptionPagani Automobili S.p.A. (Italy), Zenvo Automotive A/S (Denmark), Dr. Ing. h.c.F. Porsche AG. (Germany), McLaren Automotive (UK), Ferrari S.p.A. (Italy), Jaguar Land Rover Automotive PLC (US), Automobili Lamborghini S.p.A. (Italy), are the significant vendors in the global market.

    Electric vehicles, ICE vehicle, as well as hybrid vehicle are the types of propulsion in the market.

    North America, Europe, Asia-Pacific, and the rest of the world are the regions where the market can note strong growth in the future

    The areas which are expecting growth include Europe, North America, Asia Pacific and the rear of the work.

    The big supercar/hypercar differences are design, performance, and rarity — a supercar is a world-class vehicle, but a hypercar pushes the boundaries of the possible while generally being produced in more limited quantities.