Global Hypercar Market 2017-2021
A hypercar is a vehicle that delivers extreme performance in terms of power output, torque generated, and acceleration times. These high-performance cars have aerodynamic designs and very low center of gravity and ground clearance to gain stability during high-speed applications such as track racing. Hypercars have some of the fastest acceleration rates, usually under three seconds to reach 60 mph, and can easily clock speeds in excess of 200 mph because of their ultra-light curb weight.
Technavio’s analysts forecast the global hypercar market to grow at a CAGR of 37.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hypercar market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Global Hypercar Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Hypercar Market 2017-2021
Technavio recognizes the following companies as the key players in the global hypercar market: Automobili Lamborghini, Ferrari, Koenigsegg, Pagani Automobili, and Porsche.
Other Prominent Vendors in the market are: Bugatti, Daimler Group, Hennessey Performance Engineering (HPE), McLaren, and ZENVO AUTOMOTIVE.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of Project ONE by performance division of Mercedes-Benz. The global hypercar market is seeing extensive R&D investments. The growing popularity of such extreme performance cars in the global automotive market has gained the interest of global automakers.”
According to the report, one driver in the market is integration of performance boosting technologies. Engine performance enhancing systems find wide application in the motorsports industry as these systems differentiate one car from another. In the racing and motorsports industry, where even a fraction of a second matters, performance boosting technologies such as automotive launch control systems play a crucial role in deciding the outcome of the race as they give the user an added advantage over the other competitors.
Further, the report states that one challenge in the market is high cost of development and ownership. For most supercar manufacturers and automotive design firms, the making of a hypercar is an art form as well as a scientific challenge. Design is one of the most important aspects of a hypercar, which makes it stand out, differentiated from the other brands in the market. The powertrain is also an equally important aspect.
Automobili Lamborghini, Ferrari, Koenigsegg, Pagani Automobili, Porsche, Bugatti, Daimler Group, Hennessey Performance Engineering (HPE), McLaren, and ZENVO AUTOMOTIVE.
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