Hypercars Market Size, Share, and Industry Analysis, By Propulsion Type (ICE, Electric, and Hybrid), By Vehicle Type (Coupe, Convertible, and Roadster), By Type of Chassis Material (Carbon Fiber, Aluminum, Steel, and Others), and Regional Forecast, 2025-2032

Hypercars are superior, ultra-modern, high-performance automobiles that provide clean, safe, and efficient transportation. They include advanced features and end-solutions that improve vehicle performance and safety compared to other sports and supercars. Customers are drawn to the aesthetics of these cars, making them one-of-a-kind and individual. As they are made of carbon fiber, hypercars are incredibly light. Hypercars also offer incredible efficiency without sacrificing traditional vehicle characteristics such as durability, performance, comfort, or safety.

Current cars are made with novel technologies and lightweight materials, resulting in continuous innovation in the global automotive industry. Furthermore, the automotive industry is pushing toward using shrunk components composed of compact yet rigid materials for unique automobile design configurations. In addition, new processes, materials, and advanced technologies are being integrated into the industry to improve overall vehicle design and function. As a result, automakers are using sensors to assist drivers in navigating blind regions and providing adaptive control and self-parking capabilities. Automobile manufacturers have begun integrating Artificial Intelligence (AI) into their vehicles to enable autonomous driving capabilities. AI is also used in hypercars to give driver assistance and blind-spot monitoring.

• For instance, in 2021, Exor, Ferrari, and LoveFrom entered into a multiyear creative relationship to produce premium automotive items.

Hypercars are becoming more popular in the premium automotive market as advanced technologies and fuel efficiency become more integrated. Furthermore, hypercar makers adopt hydrogen gas instead of gasoline and diesel, increasing vehicle speed and demand. Moreover, the sports vehicle section of the hypercar industry is being propelled by the incorporation of cutting-edge technologies such as active airbrakes, four-wheel steering, brake steering, four-wheel drive, and others. The development of hypercars in speed, performance, fuel efficiency, and appearance is accelerating due to increased competition between sports and supercars. The increased rivalry is a major driver of the hypercar market growth. Furthermore, prominent hypercar manufacturers are heavily spending on developing their vehicles to improve their performance.

A hypercar costs more to design, develop, and produce than ordinary vehicles such as sports, luxury, and supercars. Furthermore, improved engine economy, vehicle integration of new technologies, and performance all add to the end product's cost, limiting the market growth. Furthermore, hypercars are supplied with high-end seating solutions, increasing costs and restraining market growth.

COVID-19-induced lockdowns impacted consumer demand. Disruptions in the locomotive industry and supply chain management affected the hypercars market. During the COVID-19 pandemic, production and sales of automobiles decreased, resulting in the shutdown of manufacturing operations and disruption of supply chains and distribution routes. This caused a disruption in raw material supply for most hypercar producers, resulting in reduced production capacity and delivery delays. The producers are focused on various tactics to stay financially afloat.

• McLaren had to withdraw from the Formula 1 Australian Grand Prix 2020 due to a positive COVID-19 test of a team member. McLaren's capital expenditure was cut by USD 92 million in 2021 compared to the previous year due to the cancellation or relocation of programs. Only programs that generated a return in the year (such as Speedtail, 765LT, and Elva) or the new vehicle architecture launched in 2020. Still, the first car based on it (McLaren Artura) was delayed until 2021 and received priority in 2020.

With the support of automotive industry advancements, market participants are improving their production capacity. Governments and market players are working together to build the hypercar market tremendously. Market players are working on producing sustainable products to meet the growing demand from consumers worldwide. Many companies pursue mergers and acquisitions to gain a competitive advantage. Some companies did develop themselves utilizing opportunities from the current scenario.

• In April 2022, Lamborghini continued to climb in the first quarter of 2022, delivering 2,539 automobiles globally, making it the company's best-ever quarter. The number was up 5% from 2021 and 31% from 2020. The outcome followed record-breaking sales (8,405 units), revenue (USD 1.9 billion), and profitability in 2021 (20.2%).

Key Insights

The report covers the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the Global Hypercars Market

Segmentation

Analysis by Propulsion Type

By propulsion type, the market is segmented into ICE,  electric, and hybrid. The ICE segment dominated the worldwide hypercar market in 2023. The use of premium gas, petrol, or diesel-based engines in supercars, hypercars, and sports cars is growing, strengthening the market share of the IC engine segment. Most OEMs will likely focus on the design of premium electric motor automobiles in the coming years, as today, more than 90% of traditional IC engine hypercars are available globally.

• In 2021, for example, Koenigsegg announced the purchase of NEVS's 65% ownership in Meneko. This joint venture business makes the Gemera 4-seater hypercars build parallel production vehicle models, emphasizing electrification and sustainability.

Most companies are involved in R&D on implementing hydrogen-powered (Fuel cell) into high-power sports and hypercars.

• For instance, in June 2023, powertrain developer Viritech & Battery cell manufacturer AMTE Power signed a MoU to develop hydrogen fuel cell electric vehicles. This agreement concludes with supplying AMTE Power's Ultra High Power cells for use in Viritech's battery packs for high-performance cars and Viritech's hypercar project, Apricale.

Regional Analysis

Based on region, the global hypercar market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2020, Europe had a significant global market share.

• In 2021, Europe accounted for around 34% of hypercar manufacturing globally. Furthermore, the U.K. and Germany accounted for over half of the overall European hypercar manufacturing due to the rising acceptance of premium cars, increased sporting events, and solid regional awareness of sports and supercars.


• Germany and the U.K. accounted for over 50% of the total hypercar production in Europe.

Europe has a high rate of electric vehicle adoption. The number of brands entering the hypercars market is seen more in Europe; therefore, the market in the region is expected to increase. The U.S. boasts brands such as Ford. North America will also likely be the next major producer of these vehicles.

Key Players Covered

The report includes the profiles of key players, such as Ferrari (Italy), Bugatti (France), Lotus Cars (U.K.), Porsche (Germany), Koenigsegg Automotive AB (Sweden), Aston Martin (U.K.), Pagani (Italy), Lamborghini (Italy), Rimac (Croatia), Mercedes (Germany), and Tesla (U.S.).

Key Industry Developments

• In May 2024, Everrati and W Motors announced a strategic partnership to advance the development and manufacturing of bespoke electric vehicles. This collaboration combines Everrati's cutting-edge electric powertrain technology with W Motors' expertise in luxury hypercar manufacturing, aiming to meet the growing international demand for custom electric vehicles.

• In February 2024, Pagani launched a new track hypercar known as the Huayra R Evo. with 900 horsepower and the equivalent of 770 Nm of maximum torque V12 Engine.