Published Date : Jun 27, 2017
ALBANY, New York, June 27, 2017: A new research report, recently added to the depository of MarketResearchReports.biz, presents an exhaustive assessment of the global market for hypercars, emphasizing on the driving forces, challenges, market trends, and opportunities this market encounters. The past and current performance of this market has also been take care of to determine its future prospects in the research report, titled “Global Hypercar Market 2017-2021.”
According to this research report, the worldwide market for hypercar is likely to record a strong rise at an exponential CAGR of 37.02% during the period from 2017 to 2021. The significant rise in the competition among the manufacturers of super sports cars has been the key driving force behind the growth of this market. The rising demand for luxury, mid-segment, and sports cars across the world, boosted by the improvement in the socio-economic conditions in a number of economies, is also propelling the global market substantially.
In addition to this, the rise in the disposable income of consumers, enabling them to spend more on the purchase of highly advanced and luxurious vehicles and the surge in the investments from automakers, especially sports car manufacturers, are expected to propel this market in the years to come, states the research report.
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According to the research report, there are two types of hypercars available across the world, hybrid/electric and gasoline-based. The demand for hybrid electric hypercars has been greater than the gasoline-based ones, thanks to the presence of energy-efficient advanced electric motors in these hypercars. Over the coming years, the market’s shift towards the electrification of these cars and development of compact machines in order to minimize the harmful impact on the environment, are anticipated to boost the production of more effective hybrid/electric motors for hypercars, adding significantly to this segment, notes the research study.
The competitive assessment of the global market for hypercars has also been provided in this research report. As per the study, the market demonstrates a highly competitive landscape, owing to the presence of a few but prominent market participants, including original equipment manufacturers (OEMs), offering high-quality performance in their vehicles.
The most prominent players in this market are Ferrari, Automobili Lamborghini, Pagani Automobili, Koenigsegg, and Porsche. The competition between players is currently very high and, with the rising popularity of hypercars, is anticipated to intensify over the forecast period. Some of the other participants in this market are Daimler Group, Bugatti, Hennessey Performance Engineering (HPE), ZENVO AUTOMOTIVE, and McLaren, reports the study.
In conclusion, a number of factors contributing to the growth, restrictions, and opportunities of the global hypercar market has been offered to provide an in-depth insight into this market to the reader.
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