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Hypercar Market by Powertrain Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 138
  • SKU: IRTNTR40811
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The hypercar market share is expected to increase to 3972 units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 31.31%.

This hypercar market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hypercar market segmentations by the following:

  • Powertrain type - Gasoline and hybrid or electric
  • Geography - North America, APAC, Europe, Middle East and Africa, and South America

What will the Hypercar Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Hypercar Market Size for the Forecast Period and Other Important Statistics

The hypercar market report also offers information on several market vendors, including Ajlani Motors, Aspark Co. Ltd., Aston Martin Lagonda Ltd., Automobiles peugeot dmcs di, Ferrari spa, HPE Design LLC, Koenigsegg Automotive AB, Lotus Cars Ltd., Mahindra and Mahindra Ltd., Mazzanti Automobili srl, McLaren Group Ltd., Mercedes Benz Group AG, Pagani Automobili Spa, Rimac Automobili, SPANIA GTA TECNOMOTIVE SL, SSC North America, LLC, Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Zenvo Automotive AS among others.

Hypercar Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in racing events is notably driving the hypercar market growth, although factors such as high costs associated with manufacturing and ownership may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hypercar industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hypercar Market Driver

One of the key factors driving the global hypercar industry growth is the increase in racing events. For instance, in France, Federation Internationale de l Automobile (FIA) manages auto racing events and organizes racing events every year. Similarly, the motorsport industry comprises various well-known and famous racing events, such as Formula 1, MotoGP, NASCAR racing, World Endurance Championship (WEC), and rally sports. Racing teams also develop their new hypercars. For instance, in February 2021, Ferrari raced a hypercar at the Le Mans event. Also, Reigning World champions Toyota Gazoo Racing will field two hypercars, namely, Toyota GR010 Hybrids with Peugeot TotalEnergies. Such events are expected to drive the growth of the market in focus during the forecast period.

Key Hypercar Market Trend

Introduction of new hypercars is one of the key hypercar market trends that is expected to impact the industry positively in the forecast period. Factors such as advances in powertrain technology, growing interest in motorsports, increasing sponsorships for racing events, increasing viewership, and growing popularity drive the demand for high-performance vehicles such as supercars and hypercars.

  • In April 2022, Ferrari, a luxury sports car manufacturer, launched a new convertible hybrid supercar, 296 GTS.
  • In January 2022, Maserati S.p.A. announced its plan to develop and launch an MC20 mild-hybrid Supercar in India. 
  • In January 2021, Toyota Motor Corporation launched the GR010 Hybrid Le Mans Hypercar racer. The car will replace the top-tier LMP1 category.

The launch of new hypercars will increase the availability of new and advanced vehicles for end-users, which will further boost the market growth in the coming years.

Key Hypercar Market Challenge

One of the key challenges to the global hypercar industry growth is the high costs associated with manufacturing and ownership. Though the automakers have been investing heavily in various hypercar projects for the feasibility of future hypercars, there are certain factors that are resulting in hefty costs to manufacturers. Significant investments are required to develop different prototypes, which include making changes in the design of the car. Looking from the supplier side or the consumer's side, such cars usually turn out to be highly expensive. For some automakers, even though they sell hypercars for millions of dollars, the cost of development turns out to be higher than the selling cost.

  • A hypercar costs upwards of USD 2 million, and the price can go to USD 3 million, depending upon the specifications and car market. Moreover, their servicing incurs a high cost.
  • Bugatti offers hypercars, including Veyron, Chiron, and Divo. Divo hypercar model costs around USD 5.8 million.

Such factors are expected to hinder the growth of the global hypercar market during the forecast period.

This hypercar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hypercar market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hypercar market during the forecast period.

Who are the Major Hypercar Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ajlani Motors
  • Aspark Co. Ltd.
  • Aston Martin Lagonda Ltd.
  • Automobiles peugeot dmcs di
  • Ferrari spa
  • HPE Design LLC
  • Koenigsegg Automotive AB
  • Lotus Cars Ltd.
  • Mahindra and Mahindra Ltd.
  • Mazzanti Automobili srl
  • McLaren Group Ltd.
  • Mercedes Benz Group AG
  • Pagani Automobili Spa
  • Rimac Automobili
  • SPANIA GTA TECNOMOTIVE SL
  • SSC North America, LLC
  • Tesla Inc.
  • Toyota Motor Corp.
  • Volkswagen AG
  • Zenvo Automotive AS

 

This statistical study of the hypercar market encompasses successful business strategies deployed by the key vendors. The hypercar market is concentrated and the vendors are deploying growth strategies such as the launch of new products to compete in the market.

Product Insights and News

  • Aston Martin Lagonda Ltd. - The company offers hypercar such as Valhalla which has been designed with chassis, and aerodynamics, having electronics expertise forged in formula one along with advanced powertrain and thus uniquely designed to redefine the supercar sector.
  • Aston Martin Lagonda Ltd. - Under the unified segment, the company operates as a single operating segment, which includes all activities relating to the design, development, manufacture, and marketing of vehicles, as well as the servicing and sale of related parts.
     

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hypercar market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hypercar Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hypercar market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hypercar Market?

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for hypercars in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The presence of OEMs or automakers, which have gained expertise in the modification and customization of sports cars into hypercars such as HPE Design LLC (HPE Design) and SSC North America (SSC) will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans

COVID Impact and Recovery Analysis

The market in focus was adversely affected by the COVID-19 outbreak in 2020, which led to a decline in the sales of hypercars in the region. The US was the most severely hit economy worldwide. However, automotive players have been experiencing a recovery in automotive sales, such as hyperarcs and others. Thus, it is anticipated that the market in focus will exhibit significant growth during the forecast period.

What are the Revenue-generating Powertrain Type Segments in the Hypercar Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The hypercar market share growth by the gasoline segment will be significant during the forecast period. To run electric vehicles for longer miles, vendors are increasingly using gasoline engines along with electric engines, which will drive the segment growth in the coming years.

  • In January 2022, Automobili Lamborghini S.p.A. (Lamborghini) announced its plan to launch a final pure gasoline car by the end of 2022. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hypercar market size and actionable market insights on post COVID-19 impact on each segment.

 

Hypercar Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 31.31%

Market growth 2022-2026

3972 actual units

Market structure

Concentrated

YoY growth (%)

30.63

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 42%

Key consumer countries

US, China, Germany, UK, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ajlani Motors, Aspark Co. Ltd., Aston Martin Lagonda Ltd., Automobiles peugeot dmcs di, Ferrari spa, HPE Design LLC, Koenigsegg Automotive AB, Lotus Cars Ltd., Mahindra and Mahindra Ltd., Mazzanti Automobili srl, McLaren Group Ltd., Mercedes Benz Group AG, Pagani Automobili Spa, Rimac Automobili, SPANIA GTA TECNOMOTIVE SL, SSC North America, LLC, Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Zenvo Automotive AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hypercar Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive hypercar market growth during the next five years
  • Precise estimation of the hypercar market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hypercar industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hypercar market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Powertrain Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (actual units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (actual units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Powertrain Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Powertrain Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Powertrain Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Powertrain Type
      • Exhibit 26: Chart on Comparison by Powertrain Type
      • Exhibit 27: Data Table on Comparison by Powertrain Type
    • 5.3 Gasoline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Gasoline - Market size and forecast 2021-2026 (actual units)
      • Exhibit 29: Data Table on Gasoline - Market size and forecast 2021-2026 (actual units)
      • Exhibit 30: Chart on Gasoline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Gasoline - Year-over-year growth 2021-2026 (%)
    • 5.4 Hybrid or electric - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Hybrid or electric - Market size and forecast 2021-2026 (actual units)
      • Exhibit 33: Data Table on Hybrid or electric - Market size and forecast 2021-2026 (actual units)
      • Exhibit 34: Chart on Hybrid or electric - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Hybrid or electric - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Powertrain Type
      • Exhibit 36: Market opportunity by Powertrain Type (actual units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (actual units)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (actual units)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 (actual units)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 (actual units)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 (actual units)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (actual units)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 (actual units)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 (actual units)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 (actual units)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 (actual units)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (actual units)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 (actual units)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 (actual units)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 (actual units)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 (actual units)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Italy - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 (actual units)
      • Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 (actual units)
      • Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography (actual units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Aston Martin Lagonda Ltd.
              • Exhibit 89: Aston Martin Lagonda Ltd. - Overview
              • Exhibit 90: Aston Martin Lagonda Ltd. - Product / Service
              • Exhibit 91: Aston Martin Lagonda Ltd. - Key offerings
            • 10.4 Ferrari spa
              • Exhibit 92: Ferrari spa - Overview
              • Exhibit 93: Ferrari spa - Business segments
              • Exhibit 94: Ferrari spa - Key offerings
              • Exhibit 95: Ferrari spa - Segment focus
            • 10.5 Koenigsegg Automotive AB
              • Exhibit 96: Koenigsegg Automotive AB - Overview
              • Exhibit 97: Koenigsegg Automotive AB - Product / Service
              • Exhibit 98: Koenigsegg Automotive AB - Key offerings
            • 10.6 McLaren Group Ltd.
              • Exhibit 99: McLaren Group Ltd. - Overview
              • Exhibit 100: McLaren Group Ltd. - Business segments
              • Exhibit 101: McLaren Group Ltd. - Key offerings
              • Exhibit 102: McLaren Group Ltd. - Segment focus
            • 10.7 Mercedes Benz Group AG
              • Exhibit 103: Mercedes Benz Group AG - Overview
              • Exhibit 104: Mercedes Benz Group AG - Business segments
              • Exhibit 105: Mercedes Benz Group AG - Key offerings
              • Exhibit 106: Mercedes Benz Group AG - Segment focus
            • 10.8 Pagani Automobili Spa
              • Exhibit 107: Pagani Automobili Spa - Overview
              • Exhibit 108: Pagani Automobili Spa - Product / Service
              • Exhibit 109: Pagani Automobili Spa - Key offerings
            • 10.9 Rimac Automobili
              • Exhibit 110: Rimac Automobili - Overview
              • Exhibit 111: Rimac Automobili - Product / Service
              • Exhibit 112: Rimac Automobili - Key offerings
            • 10.10 Toyota Motor Corp.
              • Exhibit 113: Toyota Motor Corp. - Overview
              • Exhibit 114: Toyota Motor Corp. - Business segments
              • Exhibit 115: Toyota Motor Corp. - Key news
              • Exhibit 116: Toyota Motor Corp. - Key offerings
              • Exhibit 117: Toyota Motor Corp. - Segment focus
            • 10.11 Volkswagen AG
              • Exhibit 118: Volkswagen AG - Overview
              • Exhibit 119: Volkswagen AG - Business segments
              • Exhibit 120: Volkswagen AG - Key offerings
              • Exhibit 121: Volkswagen AG - Segment focus
            • 10.12 Zenvo Automotive AS
              • Exhibit 122: Zenvo Automotive AS - Overview
              • Exhibit 123: Zenvo Automotive AS - Product / Service
              • Exhibit 124: Zenvo Automotive AS - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 125: Inclusions checklist
                • Exhibit 126: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 127: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 128: Research methodology
                • Exhibit 129: Validation techniques employed for market sizing
                • Exhibit 130: Information sources
              • 11.5 List of abbreviations
                • Exhibit 131: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The hypercar market market growth will increase by $3972 units during 2023-2026.
              The hypercar market market is expected to grow at a CAGR of 31.31% during 2023-2026.
              Technavio has segmented the hypercar market market by other 1 (Gasoline and Hybrid or electric) ,geography (North America, APAC, Europe, Middle East and Africa, and South America) , and geographic (Europe, APAC, North America, MEA, and South America).
              Ajlani Motors, Aspark Co. Ltd., Aston Martin Lagonda Ltd., Automobiles peugeot dmcs di, Ferrari spa, HPE Design LLC, Koenigsegg Automotive AB, Lotus Cars Ltd., Mahindra and Mahindra Ltd., Mazzanti Automobili srl, McLaren Group Ltd., Mercedes Benz Group AG, Pagani Automobili Spa, Rimac Automobili, SPANIA GTA TECNOMOTIVE SL, SSC North America, LLC, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Zenvo Automotive AS are a few of the key vendors in the hypercar market market.
              North America will register the highest growth rate of 42% among the other regions. Therefore, the hypercar market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the hypercar market market growth are:
              • Increase in racing events
              • Introduction of new hypercars
              The hypercar market market vendors should focus on grabbing business opportunities from the gasoline segment as it accounted for the largest market share in the base year.
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