Global Hyper Car Market Share Information by Propulsion (ICE Vehicle, Electric Vehicle and Hybrid Vehicle), by Application (Racing Competition, Entertainment and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2025
Hyper Car Market Overview
Increasing demand for luxury vehicles coupled with high need for unique and creative car designs are likely to induce market growth. The heated competition among market players offering latest innovations and development of novel products can positively impact market growth.
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Pagani Automobili S.p.A.
Zenvo Automotive A/S
Rimac Automobili, the Croatian manufacturer of the Rimac C Two, has received an offer of buying shares from Porsche AG. This is in response to high accolades gained by the company for its electric car which can reach speeds of 256 miles per hour. This in response to plans by Porsche to offer its own electric car to interested users.
The global Hyper Car Market Share is segmented by propulsion and application.
By propulsion, it is segmented into electric vehicle, ICE vehicle, and hybrid vehicle.
By application, it is segmented into entertainment, racing competition, and others.
Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are major regions considered in the Hyper Car Market Share report.
Europe is expected to dominate the market till 2025 due to sufficient investment of capital in research and development for manufacturing latest hyper cars. Preference of luxury cars, increasing purchasing power of individuals, and inclination towards modern cars are factors expected to drive the regional market growth. Introduction of European car delivery programs which deliver cars at the European branch of reputed car maker such as Audi can persuade customers with their purchase decisions.
The APAC region is predicted to register the highest growth rate during the forecast period due to commercialization of hyper cars in Japan, India, and China. Rise of automotive majors establishing facilities in these countries primarily due to the large workforce and presence of skilled personnel for testing and conducting research can drive the market growth. Furthermore, high sales of vehicles despite strong headwinds and change in tax policies is likely to positively impact the Hyper Car Market Share size.
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