DUBLIN--(BUSINESS WIRE)--The "Hypercar Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global hypercar market.
This report focuses on the hypercar market which is experiencing strong growth. The report gives a guide to the hypercar market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
The global hypercar market is expected to grow from $13.23 billion in 2020 to $18.34 billion in 2021 at a compound annual growth rate (CAGR) of 38.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $71.05 billion in 2025 at a CAGR of 40.3%.
Companies Mentioned
- Automobiles Ettore Bugatti
- Automobili Lamborghini S.p.A.
- Daimler AG
- Ferrari S.p.A.
- Koenigsegg Automotive AB
- Maserati S.p.A.
- McLaren Group Ltd.
- Pagani Automobili S.p.A.
- Porsche AG
- Zenvo Automotive
- Aston Martin Lagonda Ltd.
- Mazzanti Automobili
- Mercedes-AMG GmbH
- Toyota Motor Corporation
- Ultima Sports Ltd.
- Volkswagen AG
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The hypercar market consists of sales of hypercars by entities (organizations, sole traders, and partnerships) that manufacture hypercars. A hypercar is an ultra-modern, high-efficiency, and high-performance vehicle. Hypercar features an ultralight and ultra-aerodynamic design, as well as a hybrid-electric propulsion system that provides extremely high fuel efficiency and minimal emissions.
The main types of powertrains in hypercar are hybrid, electric, and gasoline. The electric powertrain system in a hypercar is a combination of an internal combustion engine with electrical components such as electric motor and power electronics. The different technologies include four-wheel drive, four-wheel steering, active airbrakes, brake steering. The various types of chassis involve are carbon fiber, steel, aluminum and are used in clubs, private, and others.
Europe was the largest region in the hypercar market in 2020. Asia Pacific is expected to be the fastest region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The launch of advanced cars is a key trend gaining popularity in the hypercar market. Major companies operating in the hypercar sector are focused on developing advanced hypercars to strengthen their position. For instance, in March 2020, Koenigsegg Automotive AB, a Sweden-based manufacturer of high-performance sports cars launched a hypercar Koenigsegg Gemera. It is the world's first four-seater hypercar, with a carbon fiber chassis powered by three electric motors with a total output of 1677 horsepower and a turbocharged 2.0-liter inline-three engine with 592 horsepower. It employs Freevalve technology, which activates intake and exhaust valves via solenoids. This combined with cylinder deactivation reduces fuel consumption, claiming that the three-cylinder is 20% more fuel-efficient than a typical 2.0-liter four-cylinder.
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.
The countries covered in the hypercar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/9c8206
