Global Hyper Car Market is valued at USD 19.14 Billion in 2021 and expected to reach USD 125.85 Billion by 2028 with a CAGR of 30.87% over the forecast period.
A hypercar is a high-performance supercar with exceptional driving capabilities. A hypercar is made up of aerodynamic components, a low-drag body, and ultra-lightweight components. A hypercar also has 800+ horsepower, a 0-60 time of less than 3 seconds, with a peak speed ranging from 215 mph to 270 mph. Furthermore, the vast majority of hypercars are limited-production, which means they are created in small quantities ranging from 1 to 1000. Hyper Cars are extremely efficient vehicles that deliver safe and cost-effective efficiency. It is also projected that the market perspective would include a three to fourfold rise in fuel economy, bringing with it the protection of luxuries and considerably greater affordability. Aside from the stunning aerodynamics, these vehicles boast efficient propulsion and weight management that exceeds highway speeds. There are now barely 1% of premium automobiles. The automotive industry has been working toward developing ultra-lightweight automobiles that are both innovative and economical, and this is the major element that will contribute to the expansion of the global hypercar industry share. Hypercars may achieve three to four times the fuel economy of standard automobiles, resulting in improved performance, safety, and efficiency.
The COVID-19 pandemic resulted in forced lockdown, business closures, and the halt of vehicle production and manufacturing. During the coronavirus pandemic, hypercar manufacturers were working on various tactics to stay financially afloat in the business. Disruptions in the automobile industry and supply chain management impacted the hypercars market. Market participants are boosting their manufacturing capacity as a result of automotive industry advances. Government and market parties working together to build the hypercar industry tremendously. Market participants are continuously concentrating on developing sustainable products to meet rising customer demand worldwide. Companies in North America make data-driven judgments before investing in new technology. They are engaging in mergers and acquisitions (M&A) to get a competitive advantage over other market participants.
The global hypercar market is segmented based on the propulsion, end use, and region & country level. Based on propulsion, hypercar market is segmented into electric vehicles, ICE vehicles, and hybrid vehicles. Based on end use, hypercar market is segmented into racing competition, entertainment and private.
The regions covered in the global hypercar market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Hypercaris sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
On August 2022, McLaren Automotive Limited introduced a new single-seat track-only automobile, the McLaren Solus GT, which is purported to be inspired by a Gran Turismo Sport video game. This new automobile is powered by a 5.2-litre naturally aspirated V10 engine, a first for a McLaren client car, and creates more downforce at 1,200 kg than it weights.
On April 2022, Capgemini SE struck a multi-year relationship with Peugeot Sport to equip the PEUGEOT 9X8 FIA WEC programme team with modern digital capabilities to help it return to top-tier endurance racing. This collaboration leveraged Capgemini's data and AI application capabilities to advance the performance of its breakthrough hybrid Hypercar in the simulator and on the racetrack, as well as providing the energy transition.
On July 2022, Rimac Automobili began delivering the all-electric hypercar Nevera to US customers after receiving regulatory permits and raising 500 million euros in Series D financing. The money would be used to further expand Rimac Technological, its wholly-owned technology arm, as it begins large-volume series manufacturing for global original equipment manufacturers, leveraging experience acquired from building the Nevera hypercar.
Since their spending power has increased, consumers are more likely to want comfort when driving. Luxury automobiles are in high demand for a variety of reasons, including classic comfort, convenience, entertainment, and safety amenities, as well as modern connection aspects, self-driving possibilities, and the newest engine electrification technology. As a result, there are now significant advances in premium automobiles, including hypercars. Hypercars are primarily constructed utilising cutting-edge technology, innovative materials, and powerful engines. Furthermore, hypercars utilise technology such as satellite radio, intelligent remote entry, and adaptive cruise control to create a comfortable driving experience. Hypercars also include amenities like dynamic suspension, executive rear seats, remote start, and massaging seats for a more pleasant driving experience. As a result, the growing desire for pleasant and opulent driving experiences is propelling the hypercar industry forward.
Transport is an essential part of contemporary life, yet the typical combustion engine is rapidly becoming obsolete. Petrol and diesel vehicles emit a lot of pollution and are fast being phased out in favour of completely electric vehicles, which emit no tailpipe emissions and are considerably healthier for the environment. Furthermore, the government is promoting the use of safe and fuel-efficient vehicles. For example, the Australian government implemented vehicle fuel economy rules to assist expand the availability of electric vehicles, improve affordability for motorists, and reduce emissions. Furthermore, hypercar manufacturers are using hydrogen as an alternative to gasoline and diesel, which aids in increasing vehicle speed and increasing hypercar demand. Furthermore, the incorporation of advanced technology, such as break steering four-wheel drive and active airbrakes, increases consumer safety, fueling demand for hypercars. The enhanced performance of supercars, as well as rigorous pollution standards imposed by governments in many nations, have led to an increase in the use of electric hypercars. Furthermore, prominent luxury and high-end luxury and performance automobile companies such as MercedesBenz, Porsche, Royce, and Bugatti announced the introduction of their own electric hypercars, as well as other premium electric vehicles, to fulfil emission limits. Lotus, for example, presented the all-new Evija electric hypercar in July 2019. Evija was a limited-edition model, with just 130 pieces made. It came with a 70kWh battery that could be charged at up to 350kW and had a range of 402 kilometres. Thus, the manufacture of electric hypercars to fulfil rigorous emission rules represents a significant potential opportunity for hypercar industry participants.
However, the high cost and lack of awareness of hypercars may stifle market growth. Despite this, the increasing launch of hypercars and technological advancement may create more opportunities for market growth.
Given the strong positions of nations such as Germany, Italy, and the United Kingdom in the global automotive business scene, Europe is poised to emerge as a profitable income source for the hypercar sector. Furthermore, the presence of major automotive brands and hypercar makers in the area, as well as increased investment in R&D for innovative automotive technologies, will boost Europe's market outlook in the next years. Key car companies in Germany have made tremendous efforts to preserve their market dominance. For instance, German tuning and refinement firm Gemballa has implemented a new corporate strategy for the company in the form of three new sub-divisions: the Hypercar Division, which will handle all aspects of the company's new hypercar, including marketing, production, and R&D, the Luxury Customization Division, which will handle the firm's core competency of tuning and refining, and the Gemballa Classics Division, which will handle the firm's core competency of tuning and refining. Furthermore, Rimac Automobili is a firm that is truly pioneering in the field of electric hypercars. The Nevera, with its 120 kWh battery pack and four electric motors, is their most recent innovation. With 1,914 horsepower and 1,741 lb-ft of torque, it is the most powerful production automobile on the globe. The automobile is borderline insane, and because it is electric, it has the possibility of becoming all-wheel drive as well.
|Historical data||2018 - 2021|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 19.14 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||30.87%|
|Market Size Expected in 2028:||USD 125.85 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Aston Martin, Bugatti, Ferrari, Hennessey Performance Engineering (HPE), Koenigsegg, Lamborghini, Lotus, McLaren, Pagani, Pininfarina, Porsche, Rimac Automobili, SSC North America, Tesla (for electric hypercars), Zenvo Automotive, Others.|
|Segments Covered||By Propulsion, By End Use.|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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