Demand for High-Performance Cars Zooming through 2022
A high-performance car consists of a powerful powertrain that allows the vehicle to travel at speeds above 150 mph.
The global high-performance car market is projected to grow at a CAGR of 6.97% from 2018-2022, according to a report available from Research and Markets. A high-performance car consists of a powerful powertrain that allows the vehicle to travel at speeds above 150 mph. The drivetrain improves the handling and braking quality of the vehicle at high speeds.
The emergence of new players is expected to spur growth in the high-performance car market. Several new manufacturers are entering the market to expand their business operations and generate sales.
The growing popularity of high-performance cars in emerging countries is another trend driving growth in the market. Despite the premium prices of high-performance cars, the rapid economic growth in emerging countries is expected to boost the purchasing power of the population. Emerging countries such as China and India are witnessing an increasing number of high-net-worth individuals (HNWI) that are demanding high-performance cars.
Additional details are available at www.researchandmarkets.com.