Global Electric Supercars Market 2019-2023 | Development of Pure Electric Supercars to Boost Growth | Technavio

Technavio has announced its latest market research report titled global electric supercars market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global electric supercars market is expected to post a CAGR nearly 39% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Governments across the world are encouraging the development of EVs to curb carbon emissions from fossil fuels and thus address environmental concerns. Governments in European countries have already set targets to achieve environmental sustainability. Developing countries such as India and China are coming up with initiatives such as purchase subsidies, parking fee incentives, road access incentives, and charging fee incentives to boost the adoption of hybrid and electric vehicles. This is driving the growth of the EV industry. Consequently, the penetration of high-performance electric cars such as supercars will increase in these nations. Thus, the presence of favorable government regulations and incentives will boost the growth of the electric supercars market during the forecast period.

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As per Technavio, the focus on development of pure electric supercars by manufacturers, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Electric Supercars Market: Focus on the Development of Pure Electric Supercars

The market is witnessing an increase in the production of pure electric supercars due to stringent regulations such as the WLTP testing procedure by governments. As a result, car manufacturers are developing high-performance cars with zero emissions using lightweight materials such as carbon fiber. They are also adopting dynamic concepts in design. All-electric supercar, I.D R Pikes Peak, designed by Volkswagen can achieve speeds greater than Formula 1 and Formula E cars. Thus, with the production of pure electric supercars, the market for electric supercars is expected to showcase a positive outlook during the forecast period.

“Apart from the increasing development of pure electric supercars, the growing use of electric supercars for legal street racing and rising number of partnerships are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Electric Supercars Market: Segmentation Analysis

This market research report segments the global electric supercars market by type (BEV and PHEV) and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the market in 2018, followed by Europe, APAC, MEA and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market due to the increasing investments by leading automakers in Li-ion battery technology for supercar models.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The global electric supercars market is expected to post a CAGR nearly 39% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com