The global hyper cars market provides a detailed overview of hyper cars industry with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
Asia Pacific region is anticipated to be the fastest-growing hyper cars market. Increasing disposable income along with high standard of living will drive product demand in the region. Rising environmental concern in the region will lead to surge in production of electrically driven vehicles to meet rising consumer demand.
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North America hyper cars market is projected to provide various growth opportunities for the automotive manufacturers in the region owing to strong domestic demand. In 2015, the U.S. annual domestic sales surpassed 18 million units. The regional automobile industry is anticipated to witness dynamic changes with collaboration of domestic and foreign automakers in the region. Entry of foreign automobile manufacturers such as McLaren and Koenigsegg will propel hypercars market growth. These manufacturers are expected to build a strong domestic presence with increasing sales numbers, and strong product portfolio and a growing retailer network over the forecast period. .
Europe automotive industry is dominated by Germany is native to world’s major automotive manufacturers. The regional automotive industry will witness a substantial investment in research and development of technology advanced hyper cars market over the forecast period. Presence of sports automobile manufacturers such as Porsche, Aston Martin, Briggs and McLaren will support product development.
Automobile industry is shifting focus on construction of ultra-light weight vehicles. Advanced technology, racing experience, creative and unique design will also be the major driving force for hyper cars market. Shift in consumer preference for high performance sports vehicles as a status symbol will propel product growth over the forecast time frame. Upsurge in production of hybrid/electric vehicles that are outstandingly clean, safe and fuel efficient will support product demand. However, these vehicles are highly priced than counterparts, thus not affordable for everyone. This may hinder industry growth over the forecast period.
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In July 2017, McLaren announced development of two hyper cars named P15 and BP23 that are scheduled to be in revealed to consumers by 2019. In March 2016, Aston Martin and Red Bull Racing announced development of a new high-performance vehicle named Valkyrie worth around USD 3 million. Companies are expected to launch new products over the forecast period to gain competitive advantage. This will add to the growth of hyper cars market over the forecast period.
Hyper cars market is highly concentrated to a limited number of manufacturers. The key industry players are Ferrari, Porsche, Automobili Lamborghini, Koenigsegg, Pagani Automobili, Bugatti, Maserati, Daimler Group, Hennessey Performance Engineering, McLaren, Zenvo. Automobile manufacturers are investing heavily in research and development of advanced systems to meet consumer demand for high performance vehicle.
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