Hypercar Market Report 2025

The hypercar market size has grown exponentially in recent years. It will grow from $25.31 billion in 2024 to $33.65 billion in 2025 at a compound annual growth rate (CAGR) of 33%. The growth in the historic period can be attributed to increasing mergers and acquisitions, implementation of IoT technologies, a rise in disposable income and increased consumer demand for enhanced user comfort, safety, and convenience.

The hypercar market size is expected to see exponential growth in the next few years. It will grow to $84.76 billion in 2029 at a compound annual growth rate (CAGR) of 26%. The growth in the forecast period can be attributed to increasing adoption of electric or hybrid hypercars, increasing sales of luxury cars, development of the automobile industry and advancements in 5g technology. Major trends in the forecast period include strategic collaborations and partnerships, focus on new product launches, focus on new technology developments and an increase in the installation of cybersecurity systems.

The rising sales of luxury cars are expected to drive the growth of the hypercar market in the coming years. Luxury brands carry a greater perceived value, prompting companies to focus on enhancing their luxury vehicle sales at auto shows. A hypercar represents one of the most advanced and high-performance luxury cars available today. For instance, in January 2024, BMW Group, a Germany-based manufacturer, reported a 10.3% year-over-year increase in sales during the fourth quarter of 2023, totaling 718,778 units. Therefore, the growing sales of luxury cars are fueling the expansion of the hypercar market.

The hypercar market is expected to benefit from advancements in next-generation communication technologies, particularly the widespread adoption of 5G. The fifth generation of wireless network technology, 5G, offers enhanced speeds and improved wireless service capacity. With greater data transfer potential than its predecessors, such as 4G and 3G, 5G is set to enhance Vehicle-to-everything (V2X) communication systems. According to Gartner, global 5G network infrastructure revenue was projected to grow by 39% to $19.1 billion in 2021, up from $13.7 billion in 2020. The increasing coverage of 5G in tier-1 cities, expected to reach 60% by 2024, is a significant factor. These cities are characterized by developed real estate markets and high levels of overall development. JPMorgan predicts that the 5G market in North America will surpass $180 billion by 2030, further driving demand for V2X technologies in automobiles and influencing the hypercar market.

Advancements in next-gen communication technologies, particularly 5G, are expected to propel the hypercar market. 5G, the fifth generation of wireless network technology, offers enhanced speeds and improved capacity for wireless services. With greater data transfer potential compared to previous generations like 4G and 3G, 5G significantly enhances Vehicle-to-everything (V2X) communication systems. For instance, in March 2024, the UK Parliament's House of Commons Library reported that as of September 2023, Ofcom estimated that 5G was available outdoors from at least one operator at 85% to 93% of premises in the UK, a rise from the 67% to 78% range in 2022. The increasing adoption of 5G will drive demand for V2X technologies in automobiles, further boosting the hypercar market.

Major companies in the hypercar market are prioritizing the development of innovative models, such as track-focused hypercars, to gain a competitive edge. These vehicles are specifically engineered for optimal performance on racetracks, featuring enhancements in aerodynamics, suspension, and weight reduction to maximize speed, handling, and overall driving dynamics compared to standard road cars. For example, in April 2024, Lotus Cars Limited, a UK-based automotive manufacturing company, launched the Evija X. This high-performance electric hypercar achieved an impressive Nürburgring lap time of 6 minutes 24.047 seconds, making it the fastest production-based chassis to date. With significant aerodynamic upgrades and a powerful 2,011 bhp powertrain, the Evija X exemplifies Lotus's commitment to innovation in electric performance.

In June 2024, Ferrari S.p.A., an Italy-based manufacturer renowned for its hypercars, partnered with HP Inc. to enhance the performance and reliability of Ferrari's Hypercar program in endurance racing. This collaboration aims to leverage cutting-edge technology to drive innovation, ensuring Ferrari maintains its competitive edge in prestigious events like the 24 Hours of Le Mans. HP Inc., a US-based technology company, brings its expertise in advanced solutions, further solidifying Ferrari's commitment to technological advancements in motorsport.

Major companies operating in the hypercar market include Dr. Ing. hc F. Porsche AG, Daimler Group, Ferrari N.V., Maserati S.p.A, Automobili Lamborghini S.p.A, Lexus, McLaren Racing Limited, Bugatti Automobiles S.A.S., Zenvo Automotive A/S, Vazirani Shul, DC Avanti, Motormind Hyperion, Tata RaceMo., Apollo Intensa Emozion, Arrinera, ElectroMobility, Izera, Hydrocar, Leopard Automobile, Aurus Motors, UAZ, Hennessey Performance Engineering (HPE), Koenigsegg, Dodge, American supercar brands, Draco Motors, Chevrolet Corvette, SSC North America.

Europe was the largest region in the hypercar market in 2024. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the hypercar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hypercar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

A hypercar is a state-of-the-art, highly efficient, and high-performance vehicle. It is characterized by an ultralight and ultra-aerodynamic design, coupled with a hybrid-electric propulsion system that ensures exceptionally high fuel efficiency and minimal emissions.

The primary powertrain options for hypercars include hybrid, electric, and gasoline systems. The electric powertrain in a hypercar involves the integration of an internal combustion engine with electrical components such as an electric motor and power electronics. Various technologies are employed, such as four-wheel drive, four-wheel steering, active airbrakes, and brake steering. Different types of chassis materials, including carbon fiber, steel, and aluminum, are utilized, catering to various contexts such as clubs, private use, and other applications.

The hypercar market research report is one of a series of new reports that provides hypercar market statistics, including hypercar industry global market size, regional shares, competitors with a hypercar market share, detailed hypercar market segments, market trends and opportunities, and any further data you may need to thrive in the hypercar industry. This hypercar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hypercar market consists of sales of high-performance sports car and luxurious cars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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