High-performance Electric Sports Cars Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global High-Performance Electric Sports Cars Market was valued at USD 23.4 billion in 2023 and is projected to grow at a CAGR of 17% from 2024 to 2032. Advancements in battery technology, including heightened energy density and rapid charging capabilities, are not only extending driving ranges but also enhancing overall vehicle performance. Such technological strides bolster consumer confidence, intensifying interest in electric sports cars and accelerating their mainstream adoption.

Of late, there is an increasing focus on aerodynamic design and lightweight materials to boost performance and efficiency. Manufacturers are leveraging advanced composites and innovative design methodologies to shed weight and refine aerodynamics. This design-centric approach not only amplifies acceleration and handling but also extends driving range and overall vehicle efficiency for catering to the dual demands of high performance and sustainability. For example, in September 2023, Zeekr unveiled its electric supercar, the Zeekr 001 FR (Future Road). Boasting four electric motors that churn out a staggering 1,300 horsepower, the Zeekr 001 FR can sprint from 0 to 100 km/h in a mere 2.02 seconds from a rolling start.

The high-performance electric sports cars industry is segmented into vehicle, propulsion, battery capacity, end-user, and region.

The market segments based on vehicle type include hypercars, supercars, and sports coupes. In 2023, sports coupes dominated the landscape, holding over 56% share. These sports coupes are now integrating dual-motor all-wheel-drive systems, significantly boosting acceleration and handling. This system not only ensures superior traction but also elevates the driving experience. Coupled with advanced aerodynamics and lightweight materials, these enhancements result in vehicles that are not just fast but also agile, catering to enthusiasts who prioritize both performance and innovation.

When categorized by propulsion type, the market divides into battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). In 2023, BEVs commanded a substantial 69% share of the market. These vehicles are swiftly adopting ultra-fast charging technologies, minimizing downtime and maximizing user convenience. Moreover, advancements in battery cooling systems and charging infrastructure are facilitating quicker energy replenishment. Simultaneously, enhancements in battery energy density are not only extending range but also boosting performance, ensuring they meet the rigorous demands of both performance-driven driving and daily usability.

Europe led the global high-performance electric sports cars market in 2023, capturing a significant 38% share. The region is actively pushing for the integration of advanced driver-assistance systems and autonomous features in high-performance vehicles. This technological emphasis not only aligns with regulatory standards but also resonates with consumer preferences for heightened safety and convenience. Furthermore, sustainability is taking center stage, with numerous models now featuring eco-friendly materials and energy-efficient designs.

Product Code: 10626

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material supplier
- 3.2.2 Battery manufacturer
- 3.2.3 Electric motor manufacturer
- 3.2.4 Component supplier
- 3.2.5 Software provider
- 3.2.6 Dealers and retailers
- 3.2.7 End users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing environmental concerns and regulatory pressures for emission reduction
  - 3.8.1.2 Technological advancements in battery and electric drivetrain systems
  - 3.8.1.3 Rising consumer demand for high-performance and sustainable vehicles
  - 3.8.1.4 Significant investments from leading automotive manufacturers and new entrants
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High production costs lead to expensive end products.
  - 3.8.2.2 Limited charging infrastructure, especially for high-power chargers.
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn, Units)

5.1 Key trends
5.2 Hypercars
5.3 Supercars
5.4 Sports coupes

Chapter 6 Market Estimates and Forecast, By Propulsion, 2021 - 2032 ($Bn, Units)

6.1 Key trends
6.2 Battery electric vehicles (BEVs)
6.3 Plug-in hybrid electric vehicles (PHEVs)

Chapter 7 Market Estimates and Forecast, By Battery Capacity, 2021 - 2032 ($Bn, Units)

7.1 Key trends
7.2. 60-100 kWh
7.3. 100-150 kWh
7.4. 150+ kWh

Chapter 8 Market Estimates and Forecast, By End-User, 2021 - 2032 ($Bn, Units)

8.1 Key trends
8.2 Individual buyers
8.3 Racing teams
8.4 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aston Martin Lagonda Global Holdings plc
10.2 Audi AG
10.3 Automobili Pininfarina
10.4 BMW AG
10.5 Bugatti
10.6 Drako Motors
10.7 Ferrari N.V.
10.8 Jaguar
10.9 Karma Automotive
10.10 Koenigsegg
10.11 Lotus Cars
10.12 Lucid Motors
10.13 McLaren Automotive
10.14 Mercedes-AMG
10.15 NIO Inc.
10.16 Polestar
10.17 Porsche AG
10.18 Rimac Automobili
10.19 Rivian
10.20 Tesla, Inc.