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Hyper Car Market

Hyper Car Market Size, Share and Segmentation by Propulsion (Electric vehicles, ICE vehicles, Hybrid vehicles), by Car Type (Compact, Mid-Size, Full-Size), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1805 | June 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Hyper Car Market Size was valued at USD 15.80 billion in 2021 and is expected to reach USD 31.78 billion by 2028 and grow at a CAGR of 10.5% over the forecast period 2022-2028.

A hyper-car is defined as a vehicle that is the most advanced and powerful in the world. It is a high-performance sports automobile, which means that it provides for exceptional performance in driving and other areas, such as consisting of lightweight- components, charged by fuel cells and others. The hyper-car mode of transportation will be dominated by luxury automobiles by 2020 as a result of rising demand among consumers for these vehicles' cutting-edge features and safety systems, high-performance engines, one-of-a-kind end solutions in comparison to other performance enhancement systems, and the fact that these automobiles are in higher demand overall.

Hyper Car Market Size Revenue Graph

A hyper-car is essentially a high-performance sports car that offers exceptional driving performance thanks to its aerodynamic design, low drag body, and ultra-lightweight. This is made possible by the hypercar’s low drag body. It is possible for a hyper-car to achieve better gas mileage by being outfitted with efficient energy sources that supply the vehicle with energy, such as an electric motor and hydrogen fuel.

In 2021, Mineko is responsible for the production of the Gemara 4-seater hyper-cars, and its primary focus is on the development of parallel volume vehicle models that place an emphasis on electrification and CO2-neutral engines.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • An increase in sports car manufacturers' competition.

  • The shift in taste from ordinary to luxurious sports automobiles is a result of advances in technology.

  • The decrease in risk is associated with short braking distances.

RESTRAINTS: 

  • Hyper-car sales are hampered by their high price.

  • The cost of the final product rises due to the inclusion of more advanced technologies in the vehicle.

OPPORTUNITIES: 

  • Demand for the product will rise as a result of an increase in the production of efficient hyper-cars.

  • Governments throughout the world are increasing the severity of their automobile pollution restrictions.

CHALLENGES: 

  • The market for hyper-cars is being stifled because of the high expense of its premium seating options.

  • Raw material shortages resulted in a reduction in production capacity and delayed vehicle deliveries.

IMPACT OF COVID-19:

The fact that the epidemic has changed the lives of every living thing on Earth is the most devastating thing about it. The impact on business has been the same. The Covid-era will live on in the memories of future generations. Lockdowns swiftly spread, and many businesses have been forced to close because of the significant losses they have sustained. But time marches on, and they need a way to either start over again, this time armed with knowledge and experience or to fix what's broken, under the supervision of experienced professionals. They have all the knowledge they need to get back on track from the reports they have received. Everything from market trends, existing conditions, and the position of our competitors have been well explained. Detailed research and analysis by the analysts led to this conclusion. To produce the studies, industry experts who are well-versed in the present state of the market undertook extensive research into the relevant markets.

KEY MARKET PLAYERS:

Ferrari, Lamborghini, McLaren, Lotus Cars, Bugatti, Porsche, Koenigsegg Automotive AB, Aston Martin, Pagani, Mineko, Mercedes, Zenvo Automotive, Alfa Romeo, W Motors, JLR, Dendrobium, Xing Mobility, Pininfarina, Aspark, Ariel, Tesla, Hispano Suiza are some of the major players in the Hyper Car Market.

MARKET ESTIMATION: 

Market, By Propulsion:

The market is divided into two categories based on the propulsion: Electric, ICE, and Hybrid vehicles. Global hyper-car sales will be dominated by full-size vehicles in 2021, in terms of volume. Full-size hyper-cars, which include all models powered by IC engines, are quite popular, both in terms of sales and manufacture. Because of a lack of electric and hybrid hyper-cars, the tiny and mid-size sectors of the hyper-cars market have a relatively small share.

Market, By Car Type:

The market is divided into car types, which are further divided into compact, mid-size, and large-size. This year's hyper-car market is expected to be dominated by conventional IC engine automobiles due to their propulsion method. Supercars, hyper-cars, and sports cars are increasingly using premium gas or diesel-based engines, which in turn is raising the market share of IC engines.

MARKET SEGMENTATION:

By Propulsion:

  • Electric vehicles

  • ICE vehicles

  • Hybrid vehicles

By Car Type:

  • Compact

  • Mid-Size

  • Full-Size

Hyper Car Market Segment Chart

REGIONAL ANALYSIS:

Europe is seen as the region most likely to have the largest share of the hyper vehicle market size. The increased spending in development and research fields to build high-quality hyper vehicles are the key drivers driving this expansion. Additionally, there has been a huge spike in the amount of interest in luxury automobiles.

The geographical area that is anticipated to experience the highest rate of growth in the market Value in Asia pacific. The rapid expansion of the territory can be attributed, in large part, to the proliferation of technological advancements, the commercialization of hyper vehicles, and greater testing in the region. Not only this, but the number of automobile OEMs who have expanded their operations in the region has also grown, and as a result, the company anticipates rapid expansion in the industry.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Hyper Car Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 15.80 Billion
Market Size by 2028 US$ 31.78 Billion
CAGR CAGR of 10.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Propulsion (Electric vehicles, ICE vehicles, Hybrid vehicles)
• by Car Type (Compact, Mid-Size, Full-Size)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Ferrari, Lamborghini, McLaren, Lotus Cars, Bugatti, Porsche, Koenigsegg Automotive AB, Aston Martin, Pagani, Mineko, Mercedes, Zenvo Automotive, Alfa Romeo, W Motors, JLR, Dendrobium, Xing Mobility, Pininfarina, Aspark, Ariel, Tesla, Hispano Suiza
Key Drivers •An increase in sports car manufacturers' competition.

•The shift in taste from ordinary to luxurious sports automobiles is a result of advances in technology.
RESTRAINTS •Hyper-car sales are hampered by their high price.

•The cost of the final product rises due to the inclusion of more advanced technologies in the vehicle.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Hyper Car Market Segmentation, by Propulsion

8.1 Electric vehicles

8.2 ICE vehicles

8.3 Hybrid vehicles

 

9. Global Hyper Car Market Segmentation, by Car Type

9.1 Compact

9.2 Mid-Size

9.3 Full-Size

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 the USA

10.2.2  Canada

10.2.3  Mexico

10.3 Europe

10.3.1  Germany

10.3.2  the UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4 Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6 Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America

 

11. Company Profiles

11.1 Ferrari,

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Lamborghini

11.3 McLaren

11.4 Lotus Cars

11.5 Bugatti

11.6 Porsche

11.7 Koenigsegg Automotive AB

11.8 Aston Martin

11.9 Pagani

11.10 Mercedes

11.11 Zenvo Automotive

11.12 Alfa Romeo

11.13 W Motors

11.14 JLR

11.15 Dendrobium

11.16 Xing Mobility

11.17 Pininfarina

11.18 Aspark

11.19 Ariel

11.20 Tesla

11.21 Hispano Suiza

11.22 Mineko

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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