Hypercar Market Estimated to Record Highest CAGR by 2017-2025
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Driving factor for hypercar market is improved efficiency. Additional features such as efficient electronics and interior lighting systems are key factor to raise the demand for hypercar market.
Due to high demand and efficiency offered by Hypercar with its improved features such as agile handling, short braking distance, precision avoidance maneuvers, energy absorption technology and crash handling technology, the market is expected to show sustainable growth during the forecast period.
The global hypercar market has been segmented based on engine size, speed, driving system, fuel, and geography. Based on engine size, hypercar market is classified into Compact-size (below 1499 cc engine), Mid-size (1500 to 2499cc engine) and Full-size (above 2500 cc engine). Full size hypercar market are dominating the market and it is forecasted that it will grow in the market in upcoming decade. Depending upon speed of hypercars, it is bisected as low speed (up to 211 mph), medium speed (up to 221 mph) and high speed (up to 231 mph). In terms of drive system, hyper cars are fractured into hybrid electrical drive system and conventional drive system. In hybrid electrical drive system engine generates electricity from fuel, which then provide power to electric motors. Electrical motor will cause to run wheels. Hybrid electrical drive system is further categorized into series and parallel connection. Demand for hypercars with hybrid electrical drive system is increasing due to functionality such as decrease in engine size and fuel consumption, and raised durability. Hybrid cars are categorized in terms of fuel into gaseous fuel or liquid fuel and renewable or nonrenewable. Hypercars are divided on the basis of geography into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is forecasted to have largest market share due to early adoption of hypercars market and sustainable growth followed by Europe while Asia Pacific region is expected to have fastest growth rate.
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Some of the major players of the hypercar market include Automobili Lamborghini, Porsche 918 Spyder, mazzanti evantra, marussia b2, Mercedes-Benz, spania gta spano, venom gt-wfe, koenigsegg one, zenvo st1, laraki, Pagani Huayra, McLaren P1, Ultima GTR, Ferrari LaFerrari, Porsche 918 Spyder, Koenigsegg Agera, Bugatti Veyron (all trims), Hennessey Venom, Lamborghini Veneno/Centenario, Rimac Concept One and Maserati MC12 etc. among other.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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