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The global Hyper Car Market Trends is estimated to exhibit 9.3% CAGR from 2019 to 2025 (forecast period). It is driven by the high need for ultralight and super speedy cars. Shifting focus on integrating the latest technology for car enthusiasts for improving torque, speed, and power output while uncompromising on comfort, affordability, and performance can spur market demand.
Regional Analysis
Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are major regions considered in the Hyper Car Market Trends report.
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 Trends.
Segmentation Analysis
The global Hyper Car Market Trends 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.
Competitive Outlook
Prominent names in the global Hyper Car Market Trends include McLaren Automotive, BUGATTI AUTOMOBILES S.A.S., Automobili Lamborghini S.p.A., Koenigsegg Automotive AB, Maserati, BMW AG, Pagani Automobili S.p.A., Ferrari S.p.A., Zenvo Automotive A/S, Jaguar Land Rover Automotive PLC, Aston Martin Lagonda Global Holdings plc, Rimac Automobili, Dr. Ing. h.c.F. Porsche AG., and others.
Industry News
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.
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