The electric supercars market and it is poised to grow by 6,890 units during 2019-2023, progressing at a CAGR of almost 39% during the forecast period states the report of Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, Ferrari Spa, Koenigsegg Automotive AB, Tesla Inc., and Volkswagen AG, are some of the major 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.
The presence of favorable government regulations and incentives has been instrumental in driving the growth of the market.
Electric Supercars Market 2019-2023 : Segmentation
Electric Supercars Market is segmented as below:
- Geographic Landscape
- North America
- South America