Hypercar Market Global Industry Brief Analysis By Top Countries Data and Market

Posted by rohit on February 27th, 2020

Market Overview

Hypercar market refers to the business generated by the automotive sales of the vehicles that align with the designing concept of ultralight construction and aerodynamic body, utilizing advanced composite materials, hybrid drives and low-drag designs. These vehicles are as much as five times as fuel-efficient, offer superior performance, safety, low center of gravity, and other functional attributes.

Improving economic conditions and subsequent increasing consumer spending on luxury products creates a highly conducive environment for the growth of the hypercar market. In conjunction with these factors, an increasing number of manufacturers that include Aston Martin, McLaren, and Honda among many other sport car manufacturers are making significant efforts to develop hypercar and provide high-end automotive to the consumers and establish their strong brand name in the global market.

Incorporating these cars with enhanced safety features, high-performance engines and differentiating their end solutions with distinct performance enhancements systems, is expected to be one of the major trends in the industry. For instance, several expected commercial vehicle launches expected to feature over 1000 hp over the near future, from Mercedes and Aston Martin are expected to feature electric motor assist to add on to their performance quotient. Such advancements are expected to present major growth prospects for the hypercar market through the forecast period.

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Market Dynamics

In May 2017, Mercedes highlighted the specs about its ongoing AMG Project One. The car is expected to be powered by a 1.6-liter turbocharged Formula ONE engine and 1000 brake hp, featuring 43% thermal efficiency. Moreover, the entire drivetrain weighs 925 lbs. that powers the eight-speed single-clutch transmission is expected to cost around US$ 2.9 Mn. Another instance is the 800 bhp Tomhawk, featuring all-electric hypercar. The manufacturer of the automaker claims that the vehicle could reach 60mph in 2.0 seconds with its capability of generation 1.2g lateral force, which will be the fastest accelerating car in production. However, as reported to Autocar by the spokesman, that these figures were based on simulations.

Major Aston Martin in collaboration with Red Bull Racing is working for Valkyrie and Boreas project developing 1000 bhp cars for the Europe market, are among the few major other ongoing projects that are expected to materialize and gain traction over the next few years. This trend is expected to garner significant growth prospects for the hypercar market.

Hypercar Market Taxonomy

On the basis of powertrain, the global hypercar market is classified into:

  • Gasoline

    Electric

    Hybrid

On the basis of regions, the global hypercar market is classified into:

  • North America

    Europe

    Asia Pacific

    Latin America

    Middle East

    Africa

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Key hypercar market participants include Automobili Lamborghini, Bugatti, Ferrari, Daimler Group, Hennessey Performance Engineering (HPE), Koenigsegg, Pagani Automobili, Porsche, Zenvo Automotive, Mercedes-AMG GmbH, and McLaren.

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rohit

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rohit
Joined: February 6th, 2020
Articles Posted: 341

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