Global Electric Racing Car Market Size, Growth, Trend & Analysis 2027

Report Description

Global Electric racing car Market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. Electric racing car refers to a super-fast car that is primarily used by highly trained professionals on the prepared racing track. These cars are propelled by one or more electric motors and use the energy stored in the batteries or electric generators to convert fuel into electricity. Some of the electric racing cars also operate through solar panels. Compared to internal combustion engine (ICS) vehicles, electric cars are much quieter and have minimal or zero exhaust and carbon emissions.

The market growth can be attributed to the augmenting need for a sustainable mode of car racing. With the rising greenhouse effects and the increasing temperatures across the globe, the demand for more sustainable commuting solutions is on the surge. The degrading air quality due to rising carbon footprints has led to the rise in a number of respiratory disorders such as asthma, bronchitis, lung cancer, generic cough & cold, etc. As a result, the global market for electric racing cars is estimated to grow at a rapid pace over the coming years. Moreover, the rising per capita income of the people, along with the increase in millionaires around the world, is providing a thrust to the market, as the high-income group is more enticed by such luxurious products.

Rising Government Initiatives to Curb Carbon Emissions is Fueling the Product Demand

The growing government support to accelerate the adoption of long-range, zero emission, electric racing cars through tax rebates and subsidies is providing a surge to the global electric racing car market. This has compelled the manufacturers to increase the production of electric racing cars and the installation of their fueling stations. Moreover, the depletion of crucial fossil fuel such as petrol and diesel are further pushing the need to manufacture and replace ICS vehicles with electric vehicles. To support this further, governments of various nations are extending financial support to several private companies to develop EV charging and hydrogen fueling stations. The governments of several companies are also offering incentives to electric racing car buyers. This will create opportunities for OEMs to expand their market size and revenue stream.

Reducing Cost of Electric Batteries Facilitates the Market Growth

A lot of companies are introducing new and technically advanced products in the electric car racing segment, which is making the global electric car racing market highly competitive. Moreover, the cost of electric batteries has reduced over the past decade due to technological advancements and the production of electric vehicle batteries in bulk. This, in turn, has decreased the cost of electric racing cars as electric batteries are one of the most priced components of the electric vehicle.

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Market Segmentation

The Global Electric racing car Market is segmented by type, by battery capacity, by transmission type, regional distribution, and competitional landscape. Based on type, the market is differentiated open seaters, top fuel dragsters, rally cars, prototype race cars, and others. By battery capacity the market is bifurcated into <50 kWh and >50 kWh. Based on transmission type the market is fragmented into manual and automatic. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia Pacific, Middle East and Africa, South America.

Company Profile

Tesla Inc, BMW AG, Groupe Renault, Volkswagen Group (Audi), and Jaguar Land Rover are the leading market players responsible for the growth of Global Electric racing car Market.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Type · Battery Capacity · Transmission Type · Region
Regional scope	North America, Europe, Asia Pacific, Middle east and Africa, South America
Key companies profiled	Tesla Inc, BMW AG, Groupe Renault, Volkswagen Group (Audi), and Jaguar Land Rove.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Electric racing car Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Electric racing car Market, By Type:

Open Seaters
Top Fuel Dragsters
Rally Cars
Prototype Race Cars
Others

Global Electric racing car Market, By Battery Capacity:

<50 kWh
>50 kWh

Global Electric racing car Market, By Transmission Type:

o Manual

o Automatic

Global Electric racing car Market, By Transmission Region:

o North America

o Europe

o Asia Pacific

o South America

o Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Electric Racing Car Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Electric racing car Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Electric Racing Car Market

5. Voice of Customer

5.1. Brand Satisfaction Level

5.2. Aided Brand Recall and Unaided Brand Recall

5.3. Challenges/Unmet Needs

6. Global Electric Racing Car Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value and Volume

6.2. Market Share & Forecast

6.2.1. By Type (Open Seaters, Top Fuel Dragsters, Rally Cars, Prototype Race Cars, Others)

6.2.2. By Battery Capacity (<50 kWh, >50 kWh)

6.2.3. By Transmission Type (Manual, Automatic)

6.2.4. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5. By Company (2021)

6.3. Product Market Map (By Type, By Region)

7. North America Electric Racing Car Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value and Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Battery Capacity

7.2.3. By Transmission Type

7.2.4. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Battery Capacity, By Country)

7.4. North America: Country Analysis

7.4.1. United States Electric Racing Car Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value and Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Battery Capacity

7.4.1.2.3. By Transmission Type

7.4.2. Canada Electric Racing Car Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value and Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Battery Capacity

7.4.2.2.3. By Transmission Type

7.4.3. Mexico Electric Racing Car Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value and Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Battery Capacity

7.4.3.2.3. By Transmission Type

8. Asia Pacific Electric Racing Car Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value and Volume

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Battery Capacity

8.2.3. By Transmission Type

8.2.4. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.2.5. Product Market Map (By Battery Capacity, By Country)

8.3. Asia Pacific: Country Analysis

8.3.1. China Electric Racing Car Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value and Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Battery Capacity

8.3.1.2.3. By Transmission Type

8.3.2. India Electric Racing Car Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value and Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Battery Capacity

8.3.2.2.3. By Transmission Type

8.3.3. Japan Electric Racing Car Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value and Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Battery Capacity

8.3.3.2.3. By Transmission Type

8.3.4. Malaysia Electric Racing Car Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value and Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Battery Capacity

8.3.4.2.3. By Transmission Type

8.3.5. Thailand Electric Racing Car Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value and Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Battery Capacity

8.3.5.2.3. By Transmission Type

8.3.6. Indonesia Electric Racing Car Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value and Volume

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Type

8.3.6.2.2. By Battery Capacity

8.3.6.2.3. By Transmission Type

8.3.7. Vietnam Electric Racing Car Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value and Volume

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Type

8.3.7.2.2. By Battery Capacity

8.3.7.2.3. By Transmission Type

8.3.8. South Korea Electric Racing Car Market Outlook

8.3.8.1. Market Size & Forecast

8.3.8.1.1. By Value and Volume

8.3.8.2. Market Share & Forecast

8.3.8.2.1. By Type

8.3.8.2.2. By Battery Capacity

8.3.8.2.3. By Transmission Type

9. Europe & CIS Electric Racing Car Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value and Volume

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Battery Capacity

9.2.3. By Transmission Type

9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3. Product Market Map (By Battery Capacity, By Country)

9.4. Europe & CIS: Country Analysis

9.4.1. Germany Electric Racing Car Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value and Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Battery Capacity

9.4.1.2.3. By Transmission Type

9.4.2. France Electric Racing Car Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value and Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Battery Capacity

9.4.2.2.3. By Transmission Type

9.4.3. United Kingdom Electric Racing Car Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value and Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Battery Capacity

9.4.3.2.3. By Transmission Type

9.4.4. Spain Electric Racing Car Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value and Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Type

9.4.4.2.2. By Battery Capacity

9.4.4.2.3. By Transmission Type

9.4.5. Italy Electric Racing Car Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value and Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Type

9.4.5.2.2. By Battery Capacity

9.4.5.2.3. By Transmission Type

9.4.6. Belgium Electric Racing Car Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value and Volume

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Type

9.4.6.2.2. By Battery Capacity

9.4.6.2.3. By Transmission Type

9.4.7. Russia Electric Racing Car Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value and Volume

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Type

9.4.7.2.2. By Battery Capacity

9.4.7.2.3. By Transmission Type

10. South America Electric Racing Car Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value and Volume

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Battery Capacity

10.2.3. By Transmission Type

10.2.4. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Battery Capacity, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil Electric Racing Car Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value and Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Type

10.4.1.2.2. By Battery Capacity

10.4.1.2.3. By Transmission Type

10.4.2. Argentina Electric Racing Car Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value and Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Type

10.4.2.2.2. By Battery Capacity

10.4.2.2.3. By Transmission Type

10.4.3. Colombia Electric Racing Car Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value and Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Type

10.4.3.2.2. By Battery Capacity

10.4.3.2.3. By Transmission Type

11. Middle East and Africa Electric Racing Car Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value and Volume

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Battery Capacity

11.2.3. By Transmission Type

11.2.4. By Country (South Africa, UAE, Saudi Arabia, Egypt)

11.3. Product Market Map (By Battery Capacity, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa Electric Racing Car Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value and Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Type

11.4.1.2.2. By Battery Capacity

11.4.1.2.3. By Transmission Type

11.4.2. UAE Electric Racing Car Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value and Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Type

11.4.2.2.2. By Battery Capacity

11.4.2.2.3. By Transmission Type

11.4.3. Saudi Arabia Electric Racing Car Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value and Volume

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Type

11.4.3.2.2. By Battery Capacity

11.4.3.2.3. By Transmission Type

11.4.4. Egypt Electric Racing Car Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value and Volume

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Type

11.4.4.2.2. By Battery Capacity

11.4.4.2.3. By Transmission Type

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Product Benchmarking

15. Competitive Landscape

15.1. Company Profiles

15.1.1. Tesla Inc.

15.1.2. BMW AG

15.1.3. Groupe Renault

15.1.4. Volkswagen Group (Audi)

15.1.5. Jaguar Land Rover

15.1.6. Subaru

15.1.7. S.E.A.T SA (Cupra)

15.1.8. Hyundai

15.1.9. ELMOFO

15.1.10. Faraday&Future Inc.

16. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the major drivers of the global electric racing car market?

The rising carbon emissions and increase in the greenhouse gases across the globe is primarily driving the demand for Electric Racing Cars.

Which segment among the product type may dominate the global electric racing car market?

Based on the transmission the market is divided between manual and automatic. Among these automatic transmissions are expected to dominate the market over the forecast period, as they are easier to use and more comfortable for the driver, whereas the manual transmission vehicles require a lot of driver input.

Mention the names of the leading market players of global electric racing car market?

Tesla Inc, BMW AG, Groupe Renault, Volkswagen Group (Audi), and Jaguar Land Rover are the leading market players responsible for the growth of Global Electric racing car Market.

What strategic recommendations may the new market players follow in future?

New market players may invest actively in research and innovative product development. Also, introducing cost efficient racing cars will give an edge to the new entrants in the market.

Electric Racing Car Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Open Seaters, Top Fuel Dragsters, Rally Cars, Prototype Race Cars, Others), By Battery Capacity (<50 kWh, >50 kWh), By Transmission Type (Manual, Automatic), By Region

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