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High-performance Car Market growth to accelerate at 6.44% CAGR | Europe to emerge as largest market | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Apr 13, 2022, 07:15 ET

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NEW YORK, April 13, 2022 /PRNewswire/ -- The global high-performance car market is expected to witness an incremental growth of 1,586.35 thousand units between 2021 and 2026, expanding at a CAGR of 6.44% during the forecast period. According to the report, Europe will emerge as the major market for high-performance cars. The region currently holds about 49% of the global market share. The presence of many major high-performance car manufacturers such as McLaren, Lamborghini Spa (Lamborghini), Porsche AG (Porsche), and Ferrari NV (Ferrari) has been crucial in driving the growth of the regional market.

Attractive Opportunities in High-performance Car Market by Product and Geography - Forecast and Analysis 2022-2026
Attractive Opportunities in High-performance Car Market by Product and Geography - Forecast and Analysis 2022-2026

Our full report on the global high-performance car market provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Download a Free Sample Report Now to know more about the report coverage.

The global high-performance car market is fragmented due to the presence of several international and domestic vendors. Vendors are focusing on acquiring other smaller brands to increase their market presence. The increasing competition among vendors may lead to a decline in their product prices, which can negatively impact their profit margins.

Technavio identifies Aston Martin Lagonda Ltd., Ferrari NV, Ford Motor Co., Koenigsegg Automotive AB, McLaren Group Ltd., Mercedes Benz Group AG, Porsche Automobil Holding SE, Renault sas, Stellantis NV, and Tesla Inc. as dominant players in the market. Although the rising demand for luxury high-performance cars, the increasing demand for pre-owned luxury cars to aid growth, and key developments in the automotive industry will offer immense growth opportunities, limited range of high-performance electric cars, increase in tax on high-performance cars, and changing emission norms will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Get highlights on the vendor landscape and other factors influencing the market growth. Download a Free Sample Now

High-performance Car Market 2022-2026: Segmentation

The global high-performance car market is segmented as below:

  • Product
    • Non-electric Cars
    • Electric Cars
  • Geography
    • Europe
    • North America
    • APAC
    • MEA
    • South America

The adoption of non-electric cars will be significant in the market throughout the forecast period. This is because most of the high-performance cars are equipped with gasoline engines. The segment will provide multiple opportunities for market players.

By geography, Europe will have the largest share of the market. The presence of multiple high-performance carmakers and the increase in the demand for high-performance cars among consumers are driving the growth of the regional market. Germany, Denmark, and the UK are the key markets for the high-performance car market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our high-performance car market report covers the following areas:

  • High-performance Car Market size
  • High-performance Car Market trends
  • High-performance Car Market industry analysis

High-performance Car Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the high-performance car market. Backed with competitive intelligence and benchmarking, our research report on the high-performance car market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

High-performance Car Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist high-performance car market growth during the next five years
  • Estimation of the high-performance car market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the high-performance car market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of high-performance car market vendors

Related Reports:

Electric Supercars Market by Type and Geography - Global Forecast and Analysis 2022-2026

Luxury Vehicle Market by Type and Geography - Forecast and Analysis 2022-2026

High-performance Car Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.44%

Market growth 2022-2026

1586.35 thousand units

Market structure

Fragmented

YoY growth (%)

6.27

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 49%

Key consumer countries

Canada, US, Germany, Denmark, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aston Martin Lagonda Ltd., Ferrari NV, Ford Motor Co., Koenigsegg Automotive AB, McLaren Group Ltd., Mercedes Benz Group AG, Porsche Automobil Holding SE, Renault sas, Stellantis NV, and Tesla Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1. Executive Summary

2. Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • 2.2: Market Characteristics
  • 2.3 Value chain analysis
    • Exhibit 02: Value chain: Global automotive market
    • 2.2.1. Inputs
    • 2.2.2. Inbound logistics
    • 2.2.3. Automobile manufacturers
    • 2.2.4. Distribution and logistics
    • 2.2.5. Marketing and sales
    • 2.2.6. Aftermarket and service
    • 2.2.7. Industry innovations

3. Market Sizing                       

  • 3.1 Market definition
    • Exhibit 03: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 04: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 05: Global - Market size and forecast 2021 - 2026 (thousand units)
    • 3.4.1 Estimating growth rates for emerging and high-growth markets
    • 3.4.2 Estimating growth rates for mature markets
    • Exhibit 06: Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

  • 4.1 Five Forces Summary
    • Exhibit 07: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
  • 4.4 Threat of new entrants
  • 4.5 Threat of substitutes
  • 4.6 Threat of rivalry
  • 4.7 Market condition
    • Exhibit 08: Market condition - Five forces 2021

5. Market Segmentation by Product                

  • 5.1 Market segments
    • The segments covered in this chapter are:
  • Non-electric cars
  • Electric cars
    • Exhibit 09: Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 10: Comparison by Product
  • 5.3 Non-electric cars - Market size and forecast 2021-2026
    • Exhibit 11: Non-electric cars - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 12: Non-electric cars - Year-over-year growth 2021-2026 (%)
  • 5.4 Electric cars - Market size and forecast 2021-2026
    • Exhibit 13: Electric cars - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 14: Electric cars - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 15: Market opportunity by Product

6. Customer landscape                           

  • 6.1 Overview
    • Exhibit 16: Customer landscape

7. Geographic Landscape                      

  • 7.1 Geographic segmentation
    • Exhibit 17: Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 18: Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 19: Europe - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 20: Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 21: North America - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 22: North America - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 23: APAC - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 24: APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 MEA - Market size and forecast 2021-2026
    • Exhibit 25: MEA - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 26: MEA - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 27: South America - Market size and forecast 2021-2026 (thousand units)
    • Exhibit 28: South America - Year-over-year growth 2021-2026 (%)
  • 7.8 Key leading countries
    • Exhibit 29: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 30: Market opportunity by geography (thousand units)

8 Drivers, Challenges, and Trends                    

  • 8.1 Market drivers
    • 8.1.1 Rising demand for luxury high-performance cars
    • 8.1.2 Increasing demand for pre-owned luxury cars to aid growth
    • 8.1.3 Key developments in the automotive industry
  • 8.2 Market challenges
    • 8.2.1 Limited range of high-performance electric cars
    • 8.2.2 Increase in tax on high-performance cars
    • 8.2.3 Changing emission norms
    • Exhibit 31: Impact of drivers and challenges
  • 8.3 Market trends
    • 8.3.1 Growing adoption of EVs
    • 8.3.2 Use of AI for the development of autonomous high-performance cars
    • 8.3.3 Growing integration of smartphones and tablets in automobiles
  • 9 Vendor Landscape
  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 32: Vendor Landscape
  • 9.3 Landscape disruption
    • Exhibit 33: Landscape disruption
  • 9.4 Industry risks
    • Exhibit 34: Industry risks

10.  Vendor Analysis                              

  • 10.1 Vendors covered
    • Exhibit 35: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 36: Market positioning of vendors
  • 10.3 Aston Martin Lagonda Ltd.
    • Exhibit 37: Aston Martin Lagonda Ltd. - Overview
    • Exhibit 38: Aston Martin Lagonda Ltd. - Business segments
    • Exhibit 39: Aston Martin Lagonda Ltd. - Key offerings
  • 10.4 Ferrari NV
    • Exhibit 40: Ferrari NV - Overview
    • Exhibit 41: Ferrari NV - Business segments
    • Exhibit 42: Ferrari NV - Key offerings
    • Exhibit 43: Ferrari NV - Segment focus
  • 10.5 Ford Motor Co.
    • Exhibit 44: Ford Motor Co. - Overview
    • Exhibit 45: Ford Motor Co. - Business segments
    • Exhibit 46: Ford Motor Co. - Key offerings
    • Exhibit 47: Ford Motor Co. - Segment focus
  • 10.6 Koenigsegg Automotive AB
    • Exhibit 48: Koenigsegg Automotive AB - Overview
    • Exhibit 49: Koenigsegg Automotive AB - Product and service
    • Exhibit 50: Koenigsegg Automotive AB - Key offerings
  • 10.7 McLaren Group Ltd.
    • Exhibit 51: McLaren Group Ltd. - Overview
    • Exhibit 52: McLaren Group Ltd. - Business segments
    • Exhibit 53: McLaren Group Ltd. - Key offerings
    • Exhibit 54: McLaren Group Ltd. - Segment focus
  • 10.8 Mercedes Benz Group AG
    • Exhibit 55: Mercedes Benz Group AG - Overview
    • Exhibit 56: Mercedes Benz Group AG - Product and service
    • Exhibit 57: Mercedes Benz Group AG - Key offerings
  • 10.9 Porsche Automobil Holding SE
    • Exhibit 58: Porsche Automobil Holding SE - Overview
    • Exhibit 59: Porsche Automobil Holding SE - Business segments
    • Exhibit 60: Porsche Automobil Holding SE - Key offerings
    • Exhibit 61: Porsche Automobil Holding SE - Segment focus
  • 10.10 Renault sas
    • Exhibit 62: Renault sas - Overview
    • Exhibit 63: Renault sas - Product and service
    • Exhibit 64: Renault sas - Key offerings
  • 10.11 Stellantis NV
    • Exhibit 65: Stellantis NV - Overview
    • Exhibit 66: Stellantis NV - Key offerings
    • Exhibit 67: Stellantis NV - Segment focus
  • 10.12 Tesla Inc.
    • Exhibit 68: Tesla Inc. - Overview
    • Exhibit 69: Tesla Inc. - Business segments
    • Exhibit 70: Tesla Inc. - Key offerings
    • Exhibit 71: Tesla Inc. - Segment focus

11. Appendix

  • 11.1 Scope of the report
    • 11.1.1 Market definition
    • 11.1.2 Objectives
    • 11.1.3 Notes and caveats
  • 11.2 Currency conversion rates for US$
    • Exhibit 72: Currency conversion rates for US$
  • 11.3 Research Methodology
    • Exhibit 73: Research Methodology
    • Exhibit 74: Validation techniques employed for market sizing
    • Exhibit 75: Information source

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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