Global Supercar Market| COVID-19 Impact

[sagar]

Global Supercars are cars which have exceeded the quality, performance, and efficiency of supercars. These cars marked its debut in 1992 with the launch of McLaren F1. These cars are designed with ultra-light components, low drag, and superior aerodynamic design to surpass normal road speeds.

Segmentation Analysis

The global Supercar market 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.

Market Outlook

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.

But high prices of Global Supercars can impede the market.

Regional Analysis

Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are major regions considered in the Global Supercar market report.

Europe is expected to dominate the market till 2025 due to sufficient investment of capital in research and development for manufacturing latest Global Supercars. 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 Global Supercars 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 Global Supercar market.

Competitive Outlook

Prominent names in the global Supercar market 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