Latest News - Automotive Carbon Monocoque Chassis Market: ICE vehicles are expected to lead the Application segment during 2024-2028

The Automotive Carbon Monocoque Chassis Market is being driven by Advanced robotics manufacturing spurring mass production of monocoque chassis

The Automotive Carbon Monocoque Chassis Market is expected to grow at a CAGR of 5.55% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 215.4 million. In the burgeoning automotive carbon monocoque chassis market, manufacturers are increasingly investing in the production of lightweight, high-performance electric supercars. Leveraging advanced materials like carbon fiber, these vehicles aim to achieve top speeds exceeding 200 mph, while delivering zero-emission rides. Williams Group's engineering division serves as a strategic partner, focusing on the development of aerodynamics, powertrain, and battery management systems for these innovative electric supercars. The global shift towards electric vehicles, driven by stringent regulations such as WLTP testing procedures, further bolsters market growth. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • ICE vehicles
  • Electric vehicles
• Type
  • OEM
  • Aftermarket
• Geography
  • North America
    • US
  • Europe
    • Germany
    • Italy
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advanced robotics manufacturing spurring mass production of monocoque chassis
• Competitive sports cars market driving demand for carbon fiber chassis
• Joint collaborations between various stakeholders

However, the market also witnesses some limitations, which are as follows:

• High cost of R and D
• Environmental impact of carbon fiber composites : Recyclability and reusability issues
• Challenges in scaling up production

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Market Scope in Automotive Carbon Monocoque Chassis Market Research Report

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Research Analysis Overview

In the ever-evolving automotive industry, the Carbon Monocoque Chassis market holds significant importance for both Light Commercial Vehicles (LCVs) and Passenger Cars. This advanced chassis design integrates the vehicle's body and frame into a single structure, utilizing materials such as Carbon Fiber Composite, Aluminum Alloy, and High Strength Steel. The integration of modern technologies like Hybrid Electric Vehicles (HEVs) and Battery Electric Vehicles (BEVs) into the automotive sector has led to increased demand for lightweight and robust chassis solutions. Carbon Monocoque Chassis offer improved fuel efficiency and reduced emissions, making them an ideal choice for automakers. Moreover, the integration of Active safety systems, Level 2 automation, Robotic efficiency, Machine learning, and Artificial Intelligence in vehicles necessitates the use of advanced chassis designs. These technologies require a strong and stable foundation, which is provided by Carbon Monocoque Chassis. The market for Carbon Monocoque Chassis is not limited to Passenger Vehicles and LCVs but also extends to Heavy Commercial Vehicles and Luxury Cars. The use of Modular Chassis and Monocoque Chassis in various vehicle segments is expected to drive the growth of this market in the coming years.

Market Research Overview

The automotive carbon monocoque chassis market caters to businesses producing lightweight and structurally integral chassis for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), and heavy-duty vehicles. Market expansion is driven by the growing demand for fuel-efficient and eco-friendly vehicles, leading to an increased focus on carbon fiber monocoque chassis for their weight reduction capabilities and enhanced electrical component integration. Technavio estimates market growth based on the combined revenue generated by these manufacturers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/