According to the research report titled ‘Global Hyper car Market Size study, By Powertrain (Gasoline, Electric, and Hybrid), By Speed (Low Speed, Medium Speed and High Speed), By Chassis Type (Carbon fiber, Steel, and Aluminum), and Regional Forecasts 2020-2027’, available with Market Study Report, global hyper car market had reached USD 13.93 billion threshold in the year 2019 and is expected to register 34.5% CAGR during the forecast period, subsequently accounting for USD 149.19 billion by 2027.
 

Improving cognizance regarding the benefits of the product such as high-performance engines, protection, and other advanced features is one of the major growth stimulants of global hyper car market.
 

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Hyper cars are basically an advanced and highly efficient vehicles that offer safe, clean, and economic fuel efficiency. These vehicles are likely to gain significant momentum owing to their affordability as compared to current vehicle processing, amenity protection, and better efficiency.
 

Moreover, hyper cars are known to have exceptional aerodynamics, weight design, and an advanced propulsion system that can exceed average motorway speeds, thereby stimulating the overall industry outlook.
 

Growing demand for luxury and premium vehicles, technological advancements and innovative product launches are also fueling global hyper car market size. However, high costs associated with hyper cars could potentially act as a restraining factor to the growth of market.
 

Regionally, Europe accounts for the largest market share and is likely to continue with its dominance in the upcoming years, owing to high concentration of prominent automakers, improved awareness, surging disposable income, and availability of advanced road infrastructure to support hyper cars.
 

Ferrari S.p.A., Porsche AG, ZENVO Automotive, McLaren Automotive, Koenigsegg Automotive AB, Daimler AG, Automobiles Ettore Bugatti, Maserati S.p.A., Pagani Automobili S.p.A., Lexus, and Automobili Lamborghini S.p.A. are the major companies in global hyper car market.