Global Hypercar Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
31 Aug, 2021
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 ultra-light and ultra-aerodynamic design, as well as a hybrid-electric propulsion system that provides extremely high fuel efficiency and minimal emissions.
Global Hypercar Market Size And Drivers:
The global hypercar market size 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 hypercar market is expected to reach $71.05 billion in 2025 at a CAGR of 40.3%. The increasing sales of luxury cars are expected to propel the growth of the hypercar market in the coming years.
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Trends In The Global Hypercar Market
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.
Global Hypercar Market Segments:
The global hypercar market is further segmented based on powertrain, technology, chassis type, application and geography.
By Powertrain: Hybrid, Electric, Gasoline
By Technology: Four-Wheel Drive, Four-Wheel Steering, Active Airbrakes, Brake Steering
By Chassis Type: Carbon Fiber, Steel, Aluminum
By Application: Club, Private, Others
By Geography: The global hypercar market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the hypercar market in 2020.
Read More On The Report For The Global Hypercar Market At:https://www.thebusinessresearchcompany.com/report/hypercar-global-market-report
Hypercar Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hypercar market overviews, analyzes and forecasts market size and growth for the global hypercar market, hypercar market share, hypercar market players, hypercar market segments and geographies, hypercar market’s leading competitors’ revenues, profiles and market shares. The hypercar market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.