Press release
Hyper Cars Market 2018-2024 By Regional Participants Ferrari, Porsche Cars North America, Automobili Lamborghini, Koenigsegg Automotive, Pagani Automobili, Bugatti Automobile, Maserati, Daimler AG, McLaren Group
Hyper Cars Market
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North America is projected to provide various growth opportunities for the automotive manufacturers in the region owing to strong domestic demand. In 2015, the U.S. annual domestic sales surpassed 18 million units. The regional automobile industry is anticipated to witness dynamic changes with collaboration of domestic and foreign automakers in the region. Entry of foreign automobile manufacturers such as McLaren and Koenigsegg will propel hypercars market growth. These manufacturers are expected to build a strong domestic presence with increasing sales numbers, and strong product portfolio and a growing retailer network over the forecast period.
Asia Pacific region is anticipated to be the fastest-growing hypercars market. Increasing disposable income along with high standard of living will drive product demand in the region. Rising environmental concern in the region will lead to surge in production of electrically driven vehicles to meet rising consumer demand.
These vehicles are electrically-driven and supported by all-wheel drive system. The two systems will assist the front wheels to be individually driven with an active torque vectoring technique. It provides a high horsepower to vehicle coupled with a supercharging or turbocharging system and can reach speed upto 240 MPH. Increasing preference for racing experience among young generation will propel hyper cars market size over the forecast period.
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Hyper cars market size is projected to witness a considerable growth, with increasing demand of audaciously designed high performance vehicles with ultra-light construction and aerodynamic body using advanced composite materials. Rising preference for high performance vehicle with enhanced systems, more comfort and safety compared with conventional will add to the growth of hypercars market in forecast time frame.
Automobile industry is shifting focus on construction of ultra-light weight vehicles. Advanced technology, racing experience, creative and unique design will also be the major driving force for hyper cars market.
Shift in consumer preference for high performance sports vehicles as a status symbol will propel product growth over the forecast time frame. Upsurge in production of hybrid/electric vehicles that are outstandingly clean, safe and fuel efficient will support product demand. However, these vehicles are highly priced than counterparts, thus not affordable for everyone. This may hinder industry growth over the forecast period.
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Hyper cars market is highly concentrated to a limited number of manufacturers. The key industry players are Ferrari, Porsche, Automobili Lamborghini, Koenigsegg, Pagani Automobili, Bugatti, Maserati, Daimler Group, Hennessey Performance Engineering, McLaren, Zenvo. Automobile manufacturers are investing heavily in research and development of advanced systems to meet consumer demand for high performance vehicle.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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