Global Supercar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Supercar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Supercar is essentially a high-performance luxury sports car. That means the Supercar is designed to include premium car parts, with more power and more advanced technology. Supercars tend to be more expensive and more exclusive than sports cars.

Market Overview:

The latest research study on the global Supercar market finds that the global Supercar market reached a value of USD 16989.03 million in 2022. It’s expected that the market will achieve USD 21152.24 million by 2028, exhibiting a CAGR of 3.72% during the forecast period.

Market Drivers

Global affluent population continues to expand
Supercar is mainly a luxury product purchased by some wealthy consumers. Therefore, with the development of society and economy, the number of affluent people in the world continues to expand, and more and more consumers are able to buy Supercar. At the same time, with the change of consumption concept and the development of consumption upgrade, more and more wealthy consumers will choose to buy Supercar. In general, as the global wealthy population continues to expand, the market demand for Supercar will continue to increase. This will be an important factor driving the development of the industry.

Market Development Constraints

High R&D costs
Supercar is an integrator of core technologies and leading technologies in the automotive industry. Super power output, extreme handling experience, and avant-garde design all make Supercar at the forefront of the development of the automotive industry, and its manufacturing level represents the top R&D, craftsmanship and technical strength of an industry. Therefore, the technical barriers and capital barriers of the Supercar industry are high, and the market concentration is high. With the increasing demand for Supercar in the downstream market, the market competition in the Supercar industry will become more and more intense.Under the heavy pressure, Supercar companies began to use various methods to improve their competitiveness. Supercar companies began to increase high capital investment in the research and development of Supercar. The development of Supercar is a long-term process. The large investment of R&D funds and the long cycle of Supercar companies lead to lower investment efficiency, which will bring certain obstacles to the company's capital operation. The high cost of research and development will be a challenge for the development of the industry.

Region Overview:

In 2021, the share of the Supercar market in Europe stood at 36.75%.

Company Overview

Porsche
Porsche is a sports car manufacturer in the world and has been part of the Volkswagen Group since 2012. Porsche Automobil Holding SE is a Germany-based holding company engaged in the automobile manufacture industry. The Company is engaged in the holding and managing of its investments in Volkswagen AG, through which the Company manages twelve motor brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In addition, the Company is also active in parts distribution, after sales and invests in the automotive value chain, this comprises the spectrum of basic technologies geared to supporting the development and Sales process through to vehicle- and mobility-related services.

Ferrari

Ferrari designs and manufactures sports cars. The Company offers new and used vehicles, warranty programs, financial supports, and maintenance, as well as watches, apparels, earphones, caps, and other accessories. Ferrari markets its products worldwide. Ferrari is committed to creating a culture of sustainability to meet the complex challenges facing the global automotive industry. This culture requires effective corporate governance and risk management, a proactive decision-making process, and an openness to change throughout the supply chain.

Porsche is one of the major players operating in the Supercar market, holding a share of 39.66% in 2022.

Segmentation Overview:

According to the design of the Supercar roof, it is divided into Convertible Supercar, Non-Convertible Supercar. The Convertible Supercar has a foldable openable roof.

By type, Non-Convertible Supercar segment accounted for the largest share of market in 2021.

Application Overview:

Cash Payment
Downstream customers purchase Supercar through a one-time Cash Payment.
Financing/Loan
Downstream customers borrowed money from some lenders to purchase Supercar in the form of Financing/Loan.
Leasing
Some companies offer car rental services. Downstream customers can pay the rental fee to drive supercar from the rental company.

By application, the Financing/Loan segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Supercar market covered in Chapter 3:

Lamborghini
Ferrari
Koenigsegg
Aston Martin
McLaren
Bentley
Bugatti
Audi
Pagani
Porsche

In Chapter 4 and Chapter 14.2, on the basis of types, the Supercar market from 2018 to 2029 is primarily split into:

Convertible Supercar
Non-Convertible Supercar

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Supercar market from 2018 to 2029 covers:

Cash Payment
Financing/Loan
Leasing

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)