Press release
Hypercar Industry Set to Achieve $82.16 Billion Milestone by 2029 | Steady 25.4% CAGR
Hypercar Market
What Is the Long-Term Growth Forecast for the Hypercar Market Size 2025?
The size of the hypercar market has rapidly expanded over the past few years. It is projected to rise from $25.31 billion in 2024 to $33.23 billion in 2025, with a compound annual growth rate (CAGR) of 31.3%. The upswing in the previous period can be traced back to a surge in mergers and acquisitions, the application of IoT technologies, an increase in disposable income, and heightened consumer demand for superior user comfort, safety, and convenience.
What CAGR is Forecasted for the Hypercar Market Through 2029?
The value of the hypercar market is predicted to expand enormously in the upcoming years, scaling up to $82.16 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 25.4%. The anticipated boom during the forecasted period can be traced back to factors such as growing acceptance of either electric or hybrid hypercars, rising luxury car sales, progression in the automotive sector, and advances in 5G technology. Key tendencies during this period encompass strategic alliances and partnerships, concentration on launching new products, emphasis on the evolution of new technologies, and a surge in the implementation of cybersecurity systems.
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What Are the Critical Factors Driving Hypercar Market Development?
The surge in luxury car sales is projected to fuel the expansion of the hypercar market in the upcoming years. With luxury brands in higher esteem than other companies, businesses are striving to escalate their sales of luxury vehicles at automobile exhibitions. Recently, hypercars, which are among the most sophisticated and superior performance luxury vehicles, have been at the forefront of the market. For example, the BMW Group, a manufacturing firm based in Germany, reported in January 2024 that its sales for the last quarter of 2023 witnessed a 10.3% year-on-year increase, amassing a total of 718,778 units. This rise in luxury car sales is, therefore, a prime factor propelling the hypercar market's development.
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How Does the Hypercar Market Break Down Across Major Segments?
The hypercar market covered in this report is segmented -
1) By Powertrain: Hybrid, Electric, Gasoline
2) By Technology: Four-Wheel Drive, Four-Wheel Steering, Active Airbrakes, Brake Steering
3) By Chassis Type: Carbon Fiber, Steel, Aluminum
4) By Application: Club, Private, Other Applications
Subsegments:
1) By Hybrid: Plug-in Hybrid Hypercars, Mild Hybrid Hypercars
2) By Electric: Battery Electric Hypercars, Performance Electric Hypercars
3) By Gasoline: Naturally Aspirated Gasoline Hypercars, Turbocharged Gasoline Hypercars
What Are the Major Trends Transforming the Hypercar Industry?
Leading firms in the hypercar sector are emphasizing on the creation of novel vehicles such as electric supercars to achieve a competitive advantage. These electric supercar vehicles, which are high-performance sports cars driven purely by electric motors, aim to offer remarkable speed, agility, and groundbreaking technology while preserving the luxury and exclusivity traditionally linked with supercars. For example, in May 2024, an Italy-based design firm, Pininfarina, unveiled Bruce Wayne-themed EV hypercars, including the B95 Hyper Barchetta and Battista Hyper GT. These electric vehicles, inspired by the Batman character, boast of striking design and cutting-edge technology, reflecting Bruce Wayne's level of sophistication. They deliver exceptional performance, marked by swift acceleration and custom features.
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Which Players Are Driving Innovation in the Hypercar Market?
Major companies operating in the hypercar market include Dr. Ing. hc F. Porsche AG, Daimler Group, Ferrari N.V., Maserati S.p.A, Automobili Lamborghini S.p.A, Lexus, McLaren Racing Limited, Bugatti Automobiles S.A.S., Zenvo Automotive A/S, Vazirani Shul, DC Avanti, Motormind Hyperion, Tata RaceMo., Apollo Intensa Emozion, Arrinera, ElectroMobility, Izera, Hydrocar, Leopard Automobile, Aurus Motors, UAZ, Hennessey Performance Engineering (HPE), Koenigsegg, Dodge, American supercar brands, Draco Motors, Chevrolet Corvette, SSC North America
Which Regions Are Driving Global Hypercar Market Expansion?
Europe was the largest region in the hypercar market in 2024. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the hypercar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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