Hypercar Market: Industry Outlook, Growth Prospects and Key Opportunities 2020 - 2030
According to the report, the global hypercar market is projected to surpass 1.4 million units by 2030, expanding at a CAGR of ~ 6% , in terms of volume, during the forecast period. Increase in global warming across the globe is driving vehicle manufacturers to develop efficient vehicle technologies for their vehicles, which is anticipated to shift the trend toward electric vehicles, thus compelling automakers to produce electric hypercars. Moreover, rise in disposable income is expected to propel the hypercar market. Business trends enabled through e-Commerce and logistics, advancements in manufacturing technologies and machinery, foreign direct investments, and government initiatives to improve the living standards of the population in the country are fueling economic growth globally. Various government policies and investment are aimed at enhancing the living standards of the population across several countries. Governments have adopted se...