Innovations in automotive technology, such as advancements in electric drivetrains, hybrid systems, and autonomous driving features, are attracting customers seeking cutting-edge performance and sustainability. WILMINGTON, Del. , July 24, 2024 /PRNewswire/ -- The supercars market was projected to attain US$ 30.
2 billion in 2023. It is likely to garner an 8.0% CAGR from 2024 to 2034, and by 2034, the market is expected to attain US$ 71.
9 billion . Involvement in motorsports and racing helps manufacturers showcase their technology and performance capabilities, creating a direct influence on consumer interest in supercars. There is a growing trend towards electrification in the supercar segment.
Manufacturers are developing electric and hybrid models to meet stringent environmental regulations and cater to environmentally conscious consumers. The use of lightweight materials like carbon fiber and advanced aerodynamics to enhance performance and fuel efficiency is becoming more prevalent. Increasing demand for customized and personalized supercars allows consumers to have unique, tailor-made vehicles, driving interest and sales.
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php?flag=S&rep_id=86214 Integration of advanced connectivity features, such as infotainment systems, telematics, and autonomous driving capabilities, is becoming a trend in the supercar market. The pre-owned supercar market is growing, offering an opportunity for manufa.