March 08, 2021
According to the recent research report titled ‘Global Hypercar Market Share, Size, Trends, Industry Analysis Report By Powertrain; By Regions, Segments Forecast, 2020 – 2026’, available with Market Study Report, global hypercar market is slated to amass USD 110.9 billion by the year 2026.
Automakers focus on ultra-light manufacturing of automobiles, in consort with consumer preference for high-performance vehicle to amplify their status are primarily driving the growth of global hypercar market.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963793/
Improved disposable income, which is encouraging individuals to own intermediate, luxury, and sports cars, along with intense competition among hypercar manufacturers to meet ever-growing demand are further providing impetus to market traction.
Moreover, paradigm shift towards electric/hybrid vehicles for their environment sustainability and fuel efficiency is augmenting the worldwide hypercar market outlook. On the downside though, expensive nature of these automotive is a major challenge which industry players need to address.
Speaking of powertrain ambit, the market is divided into hybrid/electric, and gasoline. As per expert analysts, hybrid/electric segment accounted to majority industry share in 2019 and is estimated to grow substantially in the coming years. Adoption of efficient and advanced electric motors, widespread electrification trend in automotive sector, as well as incorporation of leaner machineries to reduce environmental impact are fostering the segmental share.
In addition, manufacturers are constantly investing research & development activities to come up with new technologies for cars. Besides, implementation of artificial intelligence (AI) tech in auto-making, as well as incorporation of neural network solutions for auto-driving will bolster the demand for hybrid/electric hypercars.
Moving on regional landscape, Europe hypercar market remuneration is reckoned to multiply immensely by 2026, with Italy, United Kingdom, and Germany being the key contributors, as the region is a hub for automakers.
On the other hand, United States in North America, and Japan in Asia Pacific are touted to emerge as lucrative growth avenue for global hypercar market players.
Which brings us to the competitive dashboard of the industry sphere, defined by companies like Zenvo Automotive A/S, McLaren Automotive, Maserati S.p.A., Daimler AG (prevalently known as Mercedes-Benz), Koenigsegg Automotive AB, Automobiles Ettore Bugatti, Pagani Automobili S.p.A., Porsche AG, Automobili Lamborghini S.p.A., and Ferrari S.p.A.