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Hypercar Market By Propulsion, By End-Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 207 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712967
A hypercar is an ultra-performance supercar, which allows excellent driving performance. A hypercar is composed of aerodynamic design, low drag body, and ultra-lightweight components. In addition, a hypercar has 800+ horsepower, a 0-60 speed under 3 seconds, and a top speed ranging from 215 mph to 270 mph. Moreover, vast majority of hypercars are limited-production, which means they are produced in a limited quantity ranging within 1 to 1000. Furthermore, some popular hypercars comprise Pagani Huayra, Mclaren P1, Ferrari LaFerrari, Porsche 918 Spyder, and others.

Electric power train system present in hybrid vehicles is used to enhance fuel efficiency and to improve the performance as compared to internal combustion vehicles. Moreover, several luxury car manufacturers are introducing new hybrid hypercar in the market, which boosts the growth of the market. For instance, in 2020, Koenigsegg unveiled Gemera hybrid hypercar. Gemera has a hybrid powertrain, which comprises a sequentially turbocharged 2.0-liter inline-three engine in conjunction with three electric motors that produce a combined 1677 hp and 2581 lb-ft of torque. It can also reach 62 mph in 1.9 seconds.

The growth of the global hypercar market is propelling, due to growth in demand for comfortable and luxurious driving experience. However, high cost of hypercars is the factor hampering the growth of the market. Furthermore, production of electric hypercars is the factor expected to offer growth opportunities during the forecast period.

The hypercar market is segment on the basis of propulsion, end use, and region. By propulsion, it is segmented into ICE (internal combustion engine), battery electric, and hybrid. By end use, it is categorized into private and racing. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hypercar market analysis from 2021 to 2031 to identify the prevailing hypercar market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hypercar market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global hypercar market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Propulsion

  • Battery Electric
  • Hybrid
  • ICE

By End-Use

  • Private
  • Racing

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Automobili Lamborghini S.p.A.
  • h.c. F. Porsche AG
  • Bentley Motors Limited
  • Ferrari N.V.
  • Aston Martin Lagonda Global Holdings PLC
  • McLaren Group
  • Audi AG Aktiengesellschaft
  • Bayerische Motoren Werke AG
  • Bugatti Automobiles S.A.S.
  • Pagani Automobili S.p.A.
  • Lotus Cars Limited
  • Koenigsegg Automotive AB

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: HYPERCAR MARKET, BY PROPULSION
4.1 Overview
4.1.1 Market size and forecast
4.2 ICE
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Battery Electric
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Hybrid
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: HYPERCAR MARKET, BY END-USE
5.1 Overview
5.1.1 Market size and forecast
5.2 Private
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Racing
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: HYPERCAR MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Propulsion
6.2.3 North America Market size and forecast, by End-Use
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Propulsion
6.2.4.1.2 Market size and forecast, by End-Use
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Propulsion
6.2.4.2.2 Market size and forecast, by End-Use
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Propulsion
6.2.4.3.2 Market size and forecast, by End-Use
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Propulsion
6.3.3 Europe Market size and forecast, by End-Use
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Propulsion
6.3.4.1.2 Market size and forecast, by End-Use
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Propulsion
6.3.4.2.2 Market size and forecast, by End-Use
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Propulsion
6.3.4.3.2 Market size and forecast, by End-Use
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Propulsion
6.3.4.4.2 Market size and forecast, by End-Use
6.3.4.5 Rest of Europe
6.3.4.5.1 Market size and forecast, by Propulsion
6.3.4.5.2 Market size and forecast, by End-Use
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Propulsion
6.4.3 Asia-Pacific Market size and forecast, by End-Use
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Propulsion
6.4.4.1.2 Market size and forecast, by End-Use
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Propulsion
6.4.4.2.2 Market size and forecast, by End-Use
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Propulsion
6.4.4.3.2 Market size and forecast, by End-Use
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Propulsion
6.4.4.4.2 Market size and forecast, by End-Use
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Propulsion
6.4.4.5.2 Market size and forecast, by End-Use
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Propulsion
6.5.3 LAMEA Market size and forecast, by End-Use
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Propulsion
6.5.4.1.2 Market size and forecast, by End-Use
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Propulsion
6.5.4.2.2 Market size and forecast, by End-Use
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Propulsion
6.5.4.3.2 Market size and forecast, by End-Use

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 Automobili Lamborghini S. p. A.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 h. c. F. Porsche AG
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Bentley Motors Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Ferrari N. V.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Aston Martin Lagonda Global Holdings PLC
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 McLaren Group
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Audi AG Aktiengesellschaft
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Bayerische Motoren Werke AG
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Bugatti Automobiles S. A. S.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Pagani Automobili S. p. A.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Lotus Cars Limited
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Koenigsegg Automotive AB
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments

List of Tables
Table 1. Global Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 2. Hypercar Market, for Ice, by Region, 2021-2031 ($Million)
Table 3. Hypercar Market for Ice, by Country, 2021-2031 ($Million)
Table 4. Hypercar Market, for Battery Electric, by Region, 2021-2031 ($Million)
Table 5. Hypercar Market for Battery Electric, by Country, 2021-2031 ($Million)
Table 6. Hypercar Market, for Hybrid, by Region, 2021-2031 ($Million)
Table 7. Hypercar Market for Hybrid, by Country, 2021-2031 ($Million)
Table 8. Global Hypercar Market, by End-use, 2021-2031 ($Million)
Table 9. Hypercar Market, for Private, by Region, 2021-2031 ($Million)
Table 10. Hypercar Market for Private, by Country, 2021-2031 ($Million)
Table 11. Hypercar Market, for Racing, by Region, 2021-2031 ($Million)
Table 12. Hypercar Market for Racing, by Country, 2021-2031 ($Million)
Table 13. Hypercar Market, by Region, 2021-2031 ($Million)
Table 14. North America Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 15. North America Hypercar Market, by End-use, 2021-2031 ($Million)
Table 16. North America Hypercar Market, by Country, 2021-2031 ($Million)
Table 17. U.S. Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 18. U.S. Hypercar Market, by End-use, 2021-2031 ($Million)
Table 19. Canada Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 20. Canada Hypercar Market, by End-use, 2021-2031 ($Million)
Table 21. Mexico Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 22. Mexico Hypercar Market, by End-use, 2021-2031 ($Million)
Table 23. Europe Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 24. Europe Hypercar Market, by End-use, 2021-2031 ($Million)
Table 25. Europe Hypercar Market, by Country, 2021-2031 ($Million)
Table 26. Germany Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 27. Germany Hypercar Market, by End-use, 2021-2031 ($Million)
Table 28. UK Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 29. UK Hypercar Market, by End-use, 2021-2031 ($Million)
Table 30. France Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 31. France Hypercar Market, by End-use, 2021-2031 ($Million)
Table 32. Italy Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 33. Italy Hypercar Market, by End-use, 2021-2031 ($Million)
Table 34. Rest of Europe Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 35. Rest of Europe Hypercar Market, by End-use, 2021-2031 ($Million)
Table 36. Asia-Pacific Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 37. Asia-Pacific Hypercar Market, by End-use, 2021-2031 ($Million)
Table 38. Asia-Pacific Hypercar Market, by Country, 2021-2031 ($Million)
Table 39. China Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 40. China Hypercar Market, by End-use, 2021-2031 ($Million)
Table 41. Japan Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 42. Japan Hypercar Market, by End-use, 2021-2031 ($Million)
Table 43. India Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 44. India Hypercar Market, by End-use, 2021-2031 ($Million)
Table 45. South Korea Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 46. South Korea Hypercar Market, by End-use, 2021-2031 ($Million)
Table 47. Rest of Asia-Pacific Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 48. Rest of Asia-Pacific Hypercar Market, by End-use, 2021-2031 ($Million)
Table 49. LAMEA Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 50. LAMEA Hypercar Market, by End-use, 2021-2031 ($Million)
Table 51. LAMEA Hypercar Market, by Country, 2021-2031 ($Million)
Table 52. Latin America Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 53. Latin America Hypercar Market, by End-use, 2021-2031 ($Million)
Table 54. Middle East Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 55. Middle East Hypercar Market, by End-use, 2021-2031 ($Million)
Table 56. Africa Hypercar Market, by Propulsion, 2021-2031 ($Million)
Table 57. Africa Hypercar Market, by End-use, 2021-2031 ($Million)
Table 58. Automobili Lamborghini S. P. A.: Company Snapshot
Table 59. Automobili Lamborghini S. P. A.: Operating Segments
Table 60. Automobili Lamborghini S. P. A.: Product Portfolio
Table 61. Automobili Lamborghini S. P. A.: Net Sales
Table 62. Automobili Lamborghini S. P. A.: Key Strategies
Table 63. H. C. F. Porsche AG: Company Snapshot
Table 64. H. C. F. Porsche AG: Operating Segments
Table 65. H. C. F. Porsche AG: Product Portfolio
Table 66. H. C. F. Porsche AG: Net Sales
Table 67. H. C. F. Porsche AG: Key Strategies
Table 68. Bentley Motors Limited: Company Snapshot
Table 69. Bentley Motors Limited: Operating Segments
Table 70. Bentley Motors Limited: Product Portfolio
Table 71. Bentley Motors Limited: Net Sales
Table 72. Bentley Motors Limited: Key Strategies
Table 73. Ferrari N. V.: Company Snapshot
Table 74. Ferrari N. V.: Operating Segments
Table 75. Ferrari N. V.: Product Portfolio
Table 76. Ferrari N. V.: Net Sales
Table 77. Ferrari N. V.: Key Strategies
Table 78. Aston Martin Lagonda Global Holdings PLC: Company Snapshot
Table 79. Aston Martin Lagonda Global Holdings PLC: Operating Segments
Table 80. Aston Martin Lagonda Global Holdings PLC: Product Portfolio
Table 81. Aston Martin Lagonda Global Holdings PLC: Net Sales
Table 82. Aston Martin Lagonda Global Holdings PLC: Key Strategies
Table 83. Mclaren Group: Company Snapshot
Table 84. Mclaren Group: Operating Segments
Table 85. Mclaren Group: Product Portfolio
Table 86. Mclaren Group: Net Sales
Table 87. Mclaren Group: Key Strategies
Table 88. Audi AG Aktiengesellschaft: Company Snapshot
Table 89. Audi AG Aktiengesellschaft: Operating Segments
Table 90. Audi AG Aktiengesellschaft: Product Portfolio
Table 91. Audi AG Aktiengesellschaft: Net Sales
Table 92. Audi AG Aktiengesellschaft: Key Strategies
Table 93. Bayerische Motoren Werke AG: Company Snapshot
Table 94. Bayerische Motoren Werke AG: Operating Segments
Table 95. Bayerische Motoren Werke AG: Product Portfolio
Table 96. Bayerische Motoren Werke AG: Net Sales
Table 97. Bayerische Motoren Werke AG: Key Strategies
Table 98. Bugatti Automobiles S. A. S.: Company Snapshot
Table 99. Bugatti Automobiles S. A. S.: Operating Segments
Table 100. Bugatti Automobiles S. A. S.: Product Portfolio
Table 101. Bugatti Automobiles S. A. S.: Net Sales
Table 102. Bugatti Automobiles S. A. S.: Key Strategies
Table 103. Pagani Automobili S. P. A.: Company Snapshot
Table 104. Pagani Automobili S. P. A.: Operating Segments
Table 105. Pagani Automobili S. P. A.: Product Portfolio
Table 106. Pagani Automobili S. P. A.: Net Sales
Table 107. Pagani Automobili S. P. A.: Key Strategies
Table 108. Lotus Cars Limited: Company Snapshot
Table 109. Lotus Cars Limited: Operating Segments
Table 110. Lotus Cars Limited: Product Portfolio
Table 111. Lotus Cars Limited: Net Sales
Table 112. Lotus Cars Limited: Key Strategies
Table 113. Koenigsegg Automotive Ab: Company Snapshot
Table 114. Koenigsegg Automotive Ab: Operating Segments
Table 115. Koenigsegg Automotive Ab: Product Portfolio
Table 116. Koenigsegg Automotive Ab: Net Sales
Table 117. Koenigsegg Automotive Ab: Key Strategies

List of Figures
Figure 1. Hypercar Market Segmentation
Figure 2. Hypercar Market, 2021-2031
Figure 3. Hypercar Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Hypercar Mark.:Drivers, Restraints and Opportunities
Figure 12. Hypercar Market, By Propulsion, 2021(%)
Figure 13. Comparative Share Analysis of Ice Hypercar Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Battery Electric Hypercar Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Hybrid Hypercar Market, 2021-2031(%)
Figure 16. Hypercar Market, By End-Use, 2021(%)
Figure 17. Comparative Share Analysis of Private Hypercar Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Racing Hypercar Market, 2021-2031(%)
Figure 19. Hypercar Market by Region, 2021
Figure 20. U.S. Hypercar Market, 2021-2031($Million)
Figure 21. Canada Hypercar Market, 2021-2031($Million)
Figure 22. Mexico Hypercar Market, 2021-2031($Million)
Figure 23. Germany Hypercar Market, 2021-2031($Million)
Figure 24. Uk Hypercar Market, 2021-2031($Million)
Figure 25. France Hypercar Market, 2021-2031($Million)
Figure 26. Italy Hypercar Market, 2021-2031($Million)
Figure 27. Rest of Europe Hypercar Market, 2021-2031($Million)
Figure 28. China Hypercar Market, 2021-2031($Million)
Figure 29. Japan Hypercar Market, 2021-2031($Million)
Figure 30. India Hypercar Market, 2021-2031($Million)
Figure 31. South Korea Hypercar Market, 2021-2031($Million)
Figure 32. Rest of Asia-Pacific Hypercar Market, 2021-2031($Million)
Figure 33. Latin America Hypercar Market, 2021-2031($Million)
Figure 34. Middle East Hypercar Market, 2021-2031($Million)
Figure 35. Africa Hypercar Market, 2021-2031($Million)
Figure 36. Top Winning Strategies, by Year
Figure 37. Top Winning Strategies, by Development
Figure 38. Top Winning Strategies, by Company
Figure 39. Product Mapping of Top 10 Players
Figure 40. Competitive Dashboard
Figure 41. Competitive Heatmap of Top 10 Key Players
Figure 42. Automobili Lamborghini S.P.A.: Net Sales, ($Million)
Figure 43. H.C. F. Porsche A.: Net Sales, ($Million)
Figure 44. Bentley Motors Limite.: Net Sales, ($Million)
Figure 45. Ferrari N.V.: Net Sales, ($Million)
Figure 46. Aston Martin Lagonda Global Holdings pl.: Net Sales, ($Million)
Figure 47. Mclaren Grou.: Net Sales, ($Million)
Figure 48. Audi AG Aktiengesellschaf.: Net Sales, ($Million)
Figure 49. Bayerische Motoren Werke A.: Net Sales, ($Million)
Figure 50. Bugatti Automobiles S.A.S.: Net Sales, ($Million)
Figure 51. Pagani Automobili S.P.A.: Net Sales, ($Million)
Figure 52. Lotus Cars Limite.: Net Sales, ($Million)
Figure 53. Koenigsegg Automotive A.: Net Sales, ($Million)

Executive Summary

According to the report, “Hypercar Market," the hypercar market was valued at $15.2 billion in 2021, and is estimated to reach $224.5 billion by 2031, growing at a CAGR of 31.1% from 2022 to 2031.

Europe is expected to dominate the global hypercar market. Italy, Germany, and UK are some of the leading producers. The prominent presence of the industry's leading players is assisting the industry's growth in Europe. In July 2022, Red Bull announced their first in-house hypercar RB17 at $5.62 million. The Advanced Technologies division of Red Bull's Formula One team has announced plans to launch its own $5.62 million million hypercar in 2025. The limited edition, two-seated RB-17 will be built at Red Bull's Milton Keynes factory, with only 50 cars built for civilian use rather than professional Formula 1 racing.

Several companies operating in hypercar market are launching new electric hypercar in the market, which fuels the growth of the market. For instance, in March 2019, Automobili Pininfarina unveiled its new electric hypercar Battista at Geneva Motor Show. The new car has 1900 Bhp, and 2300 nm torque. It has potential to accelerate to 62 mph in less than two seconds, which is faster than a Formula 1 car.

The growth of the global hypercar market is propelling, due to growth in demand for comfortable and luxurious driving experience. However, high cost of hypercars is the factor hampering the growth of the market. Furthermore, production of electric hypercars is the factor expected to offer growth opportunities during the forecast period.

COVID-19 Impact Analysis

The impact of the COVID-19 pandemic resulted in supply-chain disruptions, causing low sales of passenger cars and temporary suspension of production of vehicles across the globe. The global automotive production has witnessed decline by 16% in 2020 as compared to automotive production in 2019. Moreover, the global sales of automotive witnessed drop by around 14% (Y-o-Y) from 90.42 million units in 2019 to 77.97 million units in 2020.

In addition, the COVID-19 pandemic also forced hypercar manufacturers to halt the launch and the production of their new hypercars across the globe. For instance, in 2020, Bugatti had to halt the plan to launch its new Chiron hypercar due to the COVID-19 crisis.

However, post pandemic, development of electric and hybrid hypercars has been observed, which is expected to drive the growth of the hypercar market during the forecast period. For instance, in January 2021, Toyota Motor Corporation launched the GR010 hybrid Le Mans hypercar, which is powered by hybrid powertrain.

Key Findings of the Study

  • By propulsion, the battery electric segment is anticipated to exhibit significant growth in the near future.
  • By end-use, the racing segment is anticipated to exhibit significant growth in the near future.
  • By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
  • Key players operating in the global hypercar market include Aston Martin, Audi AG, Automobili Lamborghini S.P.A, Bentley Motors, BMW AG, Bugatti Automobiles S.A.S, Ferrari N.V., Horacio Pagani S.P.A, Koenigsegg Automotive AB, Mclaren Group Limited, Mercedes-Benz Group AG, and Porsche Automobil Holding SE.

Companies Mentioned

  • Automobili Lamborghini S.p.A.
  • h.c. F. Porsche AG
  • Bentley Motors Limited
  • Ferrari N.V.
  • Aston Martin Lagonda Global Holdings PLC
  • McLaren Group
  • Audi AG Aktiengesellschaft
  • Bayerische Motoren Werke AG
  • Bugatti Automobiles S.A.S.
  • Pagani Automobili S.p.A.
  • Lotus Cars Limited
  • Koenigsegg Automotive AB

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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