Supercars Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 18.54 Billion |
| Market Size (2029) | USD 23.11 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Supercars Market Analysis
The Supercars Market size is estimated at USD 19.05 billion in 2024, and is expected to reach USD 23.74 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The supercars market is a niche but highly dynamic segment of the automotive industry. The market is characterized by high-performance vehicles that are typically limited in production and come with a high price tag.
The market’s growth is being fueled by a resurgence in luxury spending, especially in key markets such as the United States, China, and the Middle East. The market has also witnessed a significant shift toward hybrid and electric supercars.
Further, the expansion of high net-worth demographics globally fuels the demand for exclusive and luxurious products, including supercars. Additionally, continuous innovation in engine performance, aerodynamics, and materials like carbon fiber also drives interest and demand. Moreover, successful branding and marketing strategies by leading manufacturers have additionally created a strong desirability factor among potential buyers.
However, the market faces challenges such as the exorbitant price of supercars, economic uncertainties, and stricter emission regulations worldwide. Despite this, the market presents growth opportunities in the form of growing electrification of supercars, with new and existing players investing heavily in this market. Brands like Rimac are pioneering this space, while traditional manufacturers like Ferrari and Lamborghini are also entering the electric supercars segment.
Supercars Market Trends
The Electric Segment Expected to be the Fastest-growing During the Forecast Period
The electric propulsion segment of the supercars market is experiencing rapid growth, largely due to increasing environmental concerns and supportive government policies promoting electric vehicles (EVs). The transition toward electric supercars is being driven by both technological advancements and regulatory demands for lower emissions.
Manufacturers are increasingly focusing on developing pure electric supercars that incorporate advanced materials like carbon fiber to reduce weight and enhance performance.
In February 2024, BYD, traditionally known for its mid-range vehicles, introduced the Yangwang U9, an all-electric supercar with 1,300 horsepower and sophisticated features like an innovative suspension system and quick charging capabilities. Priced comparably to luxury gasoline supercars like the Lamborghini Huracán, the Yangwang U9 represents a significant step for BYD in the high-performance electric supercars segment.
Asia-Pacific to be the Fastest-growing Regional Market During the Forecast Period
Asia-Pacific is emerging as a pivotal player in the global supercars market, characterized by rapid economic growth and increasing consumer affluence. Asia-Pacific's strong economic performance has significantly contributed to this growth trend.
Countries like India and Vietnam, with GDP growth rates of 6.3% and 5.8% respectively, underscore the region's dynamic economic landscape. This economic vitality enhances consumer purchasing power and increases the demand for luxury and high-performance vehicles.
Moreover, the supercars market is also benefiting from strategic moves by key manufacturers like Ferrari, Lamborghini, and McLaren, continuously innovating and expanding their offerings to meet the growing demand in these regional countries.
• In March 2024, India's JSW Group and Chinese car manufacturer SAIC Motor-owned MG Motor India launched an all-electric convertible super-sports car, Cyberster. The car features electronically operated scissor doors and can accelerate from 0-100 km/h in just 3.2 seconds.
Hence, Asia-Pacific’s rapid economic growth, increasing consumer wealth, and growing interest in high-performance vehicles position it as a key growth area in the supercars market.
Supercars Industry Overview
The supercars market is concentrated, with the top 4-5 players capturing a majority of the market share. The key players operating in the market are BMW, Aston Martin, Lamborghini, Ferrari, and Audi, among others. The key players are actively engaged in launching new and innovative products through continuous research and development efforts. For instance,
• In December 2023, Lamborghini launched the Revuelto plug-in hybrid supercar in India. It is the firm’s first plug-in hybrid supercar and features an all-new naturally aspirated V12 engine.
Supercars Market Leaders
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Bugatti Automobiles S.A.S.
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BMW AG
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Aston Martin
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Lamborghini
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Ferrari
*Disclaimer: Major Players sorted in no particular order
Supercars Market News
- April 2024: Supercar Blondie launched SBX Cars, an online auction site to sell hypercars and other expensive items. The auction house primarily operates in Los Angeles and Dubai. The site features rare cars like the BMW Glass Yacht, the Lotus F1 Team's John Player Specials from the 1970s and 80s, the Hyperion XP-1 prototype, and the Mercedes-AMG One supercar.
- March 2024: Audi completed the production of its highly-awaited R8 supercar, with the last model rolling off the assembly line at Audi’s plant in Germany. The model comes with bronze wheels and a carbon fiber styling package.
- October 2023: Entop launched the supercar Simurgh, resembling Batmobile, at the Geneva International Motor Show. The supercar is powered by a four-cylinder engine and features a low-slung design with flared wheel arches.
Supercars Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rapid Shift Toward Electric and Hybrid Supercars to Drive Market Growth
4.2 Market Restraints
4.2.1 Exorbitant Pricing is a Major Challenge
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in USD Billion)
5.1 By Type
5.1.1 Convertible
5.1.2 Non-convertible
5.2 By Propulsion type
5.2.1 IC Engine
5.2.2 Electric
5.2.3 Hybrid
5.3 By Payment Type
5.3.1 Cash Payment
5.3.2 Financing/Loan
5.3.3 Leasing
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Bugatti Automobiles SAS
6.2.2 BMW AG
6.2.3 Aston Martin
6.2.4 Maserati SpA
6.2.5 Mercedes-Benz AMG
6.2.6 McLaren Group
6.2.7 Porche AG
6.2.8 Automobili Lamborghini SpA
6.2.9 Ferrari SpA
6.2.10 Bentley Motors Limited
6.2.11 Koenigsegg Automotive AB
6.2.12 Audi AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Technological Advancements to Boost the Market
Supercars Industry Segmentation
A supercar is a high-performance sports car with superior speed, power, and handling characteristics designed for exceptional on-road performance. These cars typically feature cutting-edge technology, exotic materials, and aerodynamic designs.
The supercars market is segmented by type, propulsion type, payment type, and geography. By type, the market is segmented into convertible and non-convertible. By propulsion type, the market is segmented into IC engine, electric, and hybrid. By payment type, the market is segmented into cash payment, financing/loan, and leasing. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
The report offers market sizes and forecasts for all the above segments in value (USD).
| By Type | |
| Convertible | |
| Non-convertible |
| By Propulsion type | |
| IC Engine | |
| Electric | |
| Hybrid |
| By Payment Type | |
| Cash Payment | |
| Financing/Loan | |
| Leasing |
| By Geography | ||||||||
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Supercars Market Research FAQs
How big is the Supercars Market?
The Supercars Market size is expected to reach USD 18.54 billion in 2024 and grow at a CAGR of 4.5% to reach USD 23.11 billion by 2029.
What is the current Supercars Market size?
In 2024, the Supercars Market size is expected to reach USD 18.54 billion.
Who are the key players in Supercars Market?
Bugatti Automobiles S.A.S., BMW AG, Aston Martin, Lamborghini and Ferrari are the major companies operating in the Supercars Market.
Which is the fastest growing region in Supercars Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Supercars Market?
In 2024, the North America accounts for the largest market share in Supercars Market.
What years does this Supercars Market cover, and what was the market size in 2023?
In 2023, the Supercars Market size was estimated at USD 17.71 billion. The report covers the Supercars Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Supercars Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Supercars Industry Report
Statistics for the 2024 Supercars market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Supercars analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
