Global Hypercar Market to Grow by 2,690 Units During 2020-2024 | Increase in Racing Events to Emerge as Key Driver | Technavio

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Mar 15, 2021, 11:01 ET

NEW YORK, March 15, 2021 /PRNewswire/ -- The hypercar market is poised to grow by 2,690 units during 2020-2024, progressing at a CAGR of almost 38% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Hypercar Market by Powertrain Type and Geography - Forecast and Analysis 2020-2024

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the hypercar market.

Frequently Asked Questions:

Based on segmentation by powertrain type, which is the leading segment in the market?
Based on the powertrain type, the market saw maximum growth in the gasoline segment.
What are the major trends in the market?
The use of AI for the development of autonomous hypercars will be the major trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 38% during 2020-2024.
Who are the top players in the market?
Aston Martin Lagonda Global Holdings plc, Daimler AG, Ferrari NV, Koenigsegg Automotive AB, McLaren Group Ltd., Pagani Automobili Spa, Rimac Automobili, Toyota Motor Corp., Volkswagen AG, and Zenvo Automotive AS are the major players in the market.
What are the key market drivers and challenges?
The market is driven by an increase in racing events. However, the high cost associated with manufacturing and ownership might challenge growth.
How big is the EMEA market?
EMEA dominated the market with a 58% share in 2019.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aston Martin Lagonda Global Holdings plc, Daimler AG, Ferrari NV, Koenigsegg Automotive AB, McLaren Group Ltd., Pagani Automobili Spa, Rimac Automobili, Toyota Motor Corp., Volkswagen AG, and Zenvo Automotive AS are some of the major market participants. Although the increase in racing events will offer immense growth opportunities, the high cost associated with manufacturing and ownership is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this hypercar market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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Hypercar Market 2020-2024: Segmentation

Hypercar Market is segmented as below:

Powertrain Type

Gasoline
Hybrid/electric

Geographic Landscape

APAC
EMEA
The Americas

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Hypercar Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hypercar market report covers the following areas:

Hypercar Market Size
Hypercar Market Trends
Hypercar Market Industry Analysis

This study identifies the use of AI for the development of autonomous hypercars as one of the prime reasons driving the Hypercar Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

Hypercar Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist hypercar market growth during the next five years
Estimation of the hypercar market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the hypercar market across The Americas, APAC, and EMEA
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

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

2.1 Preface
2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2019
Market outlook
Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison

EMEA - Market size and forecast 2019-2024

Americas - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Key leading countries
Market opportunity

PART 08: MARKET SEGMENTATION BY POWERTRAIN TYPE

Market segmentation by powertrain type
Comparison by powertrain type
Gasoline - Market size and forecast 2019-2024
Hybrid/electric - Market size and forecast 2019-2024
Market opportunity by powertrain type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Introduction of new hypercars
Use of AI for the development of autonomous hypercars
Emergence of electric hypercars

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Aston Martin Lagonda Global Holdings plc
Daimler AG
Ferrari NV
Koenigsegg Automotive AB
McLaren Group Ltd.
Pagani Automobili Spa
Rimac Automobili
Toyota Motor Corp.
Volkswagen AG
Zenvo Automotive AS

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Report: https://www.technavio.com/report/hypercar-market-industry-analysis

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