PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509335
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509335
High-Performance Cars
Global High-Performance Cars Market to Reach US$1.0 Trillion by 2030
The global market for High-Performance Cars estimated at US$644.7 Billion in the year 2023, is expected to reach US$1.0 Trillion by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. Non-Electric Cars, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$724.5 Billion by the end of the analysis period. Growth in the Electric Cars segment is estimated at 7.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$169.5 Billion While China is Forecast to Grow at 6.5% CAGR
The High-Performance Cars market in the U.S. is estimated at US$169.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$162.6 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
High-Performance Cars - Key Trends and Drivers
High-performance cars, also known as sports cars, are designed to deliver superior speed, handling, and acceleration compared to standard vehicles. These cars often feature powerful engines, advanced aerodynamics, lightweight materials, and specialized suspension systems to enhance their performance on the road. The focus is on providing a dynamic driving experience that combines speed with precise control, making them a favorite among automobile enthusiasts. High-performance cars are manufactured by both renowned sports car brands and high-end divisions of mainstream automakers, each bringing their unique style and engineering prowess to the segment.
The market for high-performance cars has evolved significantly with advancements in automotive technology. Innovations such as turbocharging, direct fuel injection, advanced transmission systems, and hybrid powertrains have not only increased the power and efficiency of these vehicles but also improved their environmental footprint. Additionally, the integration of cutting-edge technology like adaptive suspension systems, carbon fiber construction, and aerodynamic design has further refined the driving dynamics and efficiency of high-performance cars. The rise of electric high-performance cars has also begun to reshape the market, offering an alternative that provides instant torque and impressive speed while reducing emissions, aligning with global sustainability goals.
The growth in the high-performance car market is driven by several factors, including technological advancements, increased consumer wealth, and a strong cultural fascination with speed and luxury automobiles. As disposable incomes rise, especially in emerging markets, more consumers are able to indulge in luxury items such as high-performance cars. Technological innovations continue to enhance the appeal of these vehicles by improving their performance, safety, and environmental sustainability, making them attractive to a broader demographic. Additionally, the growing participation in motorsports and automotive leisure activities fuels consumer interest and demand for high-performance vehicles. Manufacturers respond to these trends by diversifying their offerings and incorporating advanced technologies that promise an unparalleled blend of speed, luxury, and sustainability, ensuring the sector’s ongoing expansion and vitality.
Select Competitors (Total 74 Featured) -
- Aston Martin Lagonda Ltd.
- Bayerische Motoren Werke AG
- General Motors Co.
- Honda Motor Co. Ltd.
- Koenigsegg Automotive AB
- McLaren Automotive Limited
- Mercedes-AMG GmbH
- Nissan Motor Co. Ltd.
- Pagani Automobili S.P.A.
- Porsche Automobil Holding SE
- Renault SAS
- Rimac Automobili d.o.o.
- SAIC Motor Corp. Ltd.
- Tesla Inc.
- Toyota Motor Corp.
- Zenvo Automotive AS;
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- High-Performance Cars - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Technological Advancements Propel the Development of Hybrid and Electric High-Performance Cars
- Luxury Market Expansion Drives Growth in High-Performance Car Sales
- Emissions Regulations Influence Innovations in Engine Efficiency and Design
- Integration of Advanced Driver-Assistance Systems (ADAS) Enhances Vehicle Safety and Appeal
- Motorsports and Brand Endorsements Throw the Spotlight On High-Performance Models
- The Role of Auto Shows in Driving Trends and Consumer Interest in High-Performance Cars
- Growing Popularity of Car Customization Enhances Market for Performance Accessories
- Impact of Autonomous Driving Technology on Future Performance Car Designs
- Advancements in Material Science Improve Weight Reduction and Performance
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World High-Performance Cars Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for High-Performance Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for High-Performance Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for High-Performance Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Non-Electric Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Non-Electric Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Non-Electric Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Electric Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Electric Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Electric Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 11: USA Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 12: USA Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: USA 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: Canada Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: Canada 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- JAPAN
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 17: Japan Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: Japan Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: Japan 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- CHINA
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 20: China Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: China Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: China 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- EUROPE
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 23: Europe Recent Past, Current & Future Analysis for High-Performance Cars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 24: Europe Historic Review for High-Performance Cars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: Europe 16-Year Perspective for High-Performance Cars by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- FRANCE
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 29: France Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 30: France Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: France 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- GERMANY
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 32: Germany Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: Germany Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: Germany 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- ITALY
- TABLE 35: Italy Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: Italy Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: Italy 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- UNITED KINGDOM
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 38: UK Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: UK Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: UK 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- REST OF EUROPE
- TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: Rest of Europe Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: Rest of Europe 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- ASIA-PACIFIC
- High-Performance Cars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Asia-Pacific Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: Asia-Pacific 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
- REST OF WORLD
- TABLE 47: Rest of World Recent Past, Current & Future Analysis for High-Performance Cars by Product - Non-Electric Cars and Electric Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of World Historic Review for High-Performance Cars by Product - Non-Electric Cars and Electric Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of World 16-Year Perspective for High-Performance Cars by Product - Percentage Breakdown of Value Sales for Non-Electric Cars and Electric Cars for the Years 2014, 2024 & 2030
IV. COMPETITION
