Will Hypercar Market carry its growth momentum post COVID-19? Read more to know Shubham Jamdade • July 22, 2021
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 several measures to increase per capita income of their population. Expansion of Hypercar Market The surge in demand for high performance vehicles across the globe is projected to boost the hypercar market during the forecast period. China witnessed an increase in both IC-engine and electric propulsion enabled vehicles. North America recorded high Create PDF in your applications with the Pdfcrowd HTML to PDF API
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