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Hypercar Market Size to Surge with 31.1% CAGR, Global Revenue to Exceed $224.5 Billion by 2031

07-26-2024 07:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Hypercar Market

Hypercar Market

The ๐‡๐ฒ๐ฉ๐ž๐ซ๐œ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ report offers a detailed study of top segments, value chains, changing market trends, competitive scenarios, key investment pockets, and regional landscape. The report is a vital source of information for investors, new entrants, leading market players, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A06424

The growth of the global hypercar market is propelling, due to growth in demand for comfortable and luxurious driving experience. However, high cost of hypercars is the factor hampering the growth of the market. Furthermore, production of electric hypercars is the factor expected to offer growth opportunities during the forecast period.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐›๐ข๐ฅ๐ข ๐‹๐š๐ฆ๐›๐จ๐ซ๐ ๐ก๐ข๐ง๐ข ๐’.๐ฉ.๐€., ๐Œ๐œ๐‹๐š๐ซ๐ž๐ง ๐†๐ซ๐จ๐ฎ๐ฉ, ๐๐ž๐ง๐ญ๐ฅ๐ž๐ฒ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐, ๐๐š๐ฒ๐ž๐ซ๐ข๐ฌ๐œ๐ก๐ž ๐Œ๐จ๐ญ๐จ๐ซ๐ž๐ง ๐–๐ž๐ซ๐ค๐ž ๐€๐†, ๐…๐ž๐ซ๐ซ๐š๐ซ๐ข ๐.๐•., ๐๐ฎ๐ ๐š๐ญ๐ญ๐ข ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐›๐ข๐ฅ๐ž๐ฌ ๐’.๐€.๐’., ๐€๐ฌ๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ญ๐ข๐ง ๐‹๐š๐ ๐จ๐ง๐๐š ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‡๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐๐‹๐‚, ๐‹๐จ๐ญ๐ฎ๐ฌ ๐‚๐š๐ซ๐ฌ ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐, ๐๐š๐ ๐š๐ง๐ข ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐›๐ข๐ฅ๐ข ๐’.๐ฉ.๐€., ๐Š๐จ๐ž๐ง๐ข๐ ๐ฌ๐ž๐ ๐  ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐€๐, ๐ก.๐œ. ๐…. ๐๐จ๐ซ๐ฌ๐œ๐ก๐ž ๐€๐†, ๐€๐ฎ๐๐ข ๐€๐† ๐€๐ค๐ญ๐ข๐ž๐ง๐ ๐ž๐ฌ๐ž๐ฅ๐ฅ๐ฌ๐œ๐ก๐š๐Ÿ๐ญ

Based on propulsion, the battery electric segment is expected to portray the highest CAGR of 40.9% during the forecast period. However, the ICE segment held the largest share in 2021, contributing to nearly two-thirds of the market.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ž ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/5ea9696c04f5b849b9762535023ec221

Europe is expected to dominate the global hypercar market. Italy, Germany, and UK are some of the leading producers. The prominent presence of the industry's leading players is assisting the industry's growth in Europe. In July 2022, Red Bull announced their first in-house hypercar RB17 at $5.62 million. The Advanced Technologies division of Red Bull's Formula One team has announced plans to launch its own $5.62 million million hypercar in 2025. The limited edition, two-seated RB-17 will be built at Red Bull's Milton Keynes factory, with only 50 cars built for civilian use rather than professional Formula 1 racing.

The global hypercar market report includes an in-depth analysis of the prime market players such as Automobili Lamborghini S.p.A., h.c. F. Porsche AG, Bentley Motors Limited, Ferrari N.V., Aston Martin Lagonda Global Holdings PLC, McLaren Group, Audi AG Aktiengesellschaft, Bayerische Motoren Werke AG, Bugatti Automobiles S.A.S., Pagani Automobili S.p.A., Lotus Cars Limited, Koenigsegg Automotive AB.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

By propulsion, the battery electric segment is anticipated to exhibit significant growth in the near future.

By end-use, the racing segment is anticipated to exhibit significant growth in the near future.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A06424

On the basis of end-use, the racing segment is projected to manifest the highest CAGR of 33.2% during the forecast period. However, the private segment held the lion's share in 2021, accounting for nearly three-fourths of the market.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

ATV and UTV Market - https://www.globenewswire.com/en/news-release/2021/06/09/2244567/0/en/ATV-and-UTV-Market-to-Garner-11-95-Billion-by-2027-Allied-Market-Research.html

Luxury Car Market - https://www.globenewswire.com/news-release/2020/03/24/2005573/0/en/Luxury-Car-Market-to-Reach-733-2-Billion-by-2026-Allied-Market-Research.html

Self-Driving Bus Market - https://www.alliedmarketresearch.com/self-driving-bus-market

Electric Bikes Market - https://www.prnewswire.com/news-releases/electric-bikes-market-to-garner-118-65-bn-globally-by-2030-at-10-5-cagr-allied-market-research-301252723.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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