The Hypercar by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hypercar, The hypercar market size has grown exponentially in recent years. It will grow from $19.16 billion in 2023 to $25.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.6%. 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 $69.05 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. 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 installation of cybersecurity systems.
The increasing sales of luxury cars are expected to propel the growth of the hypercar market in the coming years. Luxury brands have a greater perceived worth than other corporations, therefore businesses are aiming to improve their luxury vehicle sales during auto shows. A hypercar is one of the most advanced and high-performance luxury cars on the market recently. According to the Auto news, U.S. luxury car brands delivered 2.2 million vehicles accounting for 14.7% of total U.S. light-vehicle sales. The luxury car industry in the U.S grew by 13% as compared to 2021 while the overall industry grew only 3.3% as compared to 2021. Therefore, the increasing sales of luxury cars drive the growth of the hypercar market.
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The hypercar market covered in this report is segmented –
1) Hypercar Market By Powertrain: Hybrid, Electric, Gasoline
2) Hypercar Market By Technology: Four-Wheel Drive, Four-Wheel Steering, Active Airbrakes, Brake Steering
3) Hypercar Market By Chassis Type: Carbon Fiber, Steel, Aluminum
4) Hypercar Market By Application: Club, Private, Other Applications
Top Major Players
Dr. Ing. hc F. Porsche AG
Daimler Group
Ferrari N.V.
Maserati S.p.A
Automobili Lamborghini S.p.A
Companies in the hypercar market will focus on new technology developments to offer quality and efficient transportation services for customers. Advanced technologies include the use of GPS, routing software, an app, and others. These technologies work based on the GPS to capture, track and offer increased communication and visibility into the transportation system as well as route the destination accurately. These offer benefits such as real-time tracking for operators and parents, proactive communication with parents, and routing insights for the operator. For instance, in 2021, Mercedes-AMG recently revealed its incredibly powerful Project ONE hypercar, which was modeled after Formula 1 race-ready vehicles. This street-legal race car is the most anticipated new model of the year, and for good reason—the vehicle brings fully-fledged Formula 1 hybrid technology to the road with a 1.6-liter turbocharged V-6 engine that amps out a stunning 670 horsepower from the rear wheels alone. All told, the vehicle manages 1,000 horsepower from its combustion engine and four electric motors.
The hypercar market report table of contents includes:
1. Executive Summary
2. Hypercar Market Characteristics
3. Hypercar Market Trends And Strategies
4. Hypercar Market – Macro Economic Scenario
5. Global Hypercar Market Size and Growth
……
32. Global Hypercar Market Competitive Benchmarking
33. Global Hypercar Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hypercar Market
35. Hypercar Market Future Outlook and Potential Analysis
36. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/commercial-vehicle-global-market-report
https://www.thebusinessresearchcompany.com/report/passenger-car-global-market-report
https://www.thebusinessresearchcompany.com/report/motor-vehicles-global-market-report
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