The future of the automotive carbon monocoque chassis market looks promising, with an estimated growth of USD 248 million from 2022 to 2027, at a CAGR of 6.57%. The market is fragmented due to the presence of prominent companies such as Bayerische Motoren Werke AG, Dallara Group Srl, and Dr. Ing. h.c. F. Porsche AG, among others.
Dallara Group Srl, one of the key players, offers automotive carbon monocoque chassis for sports cars using carbon composite materials. Similarly, Ferrari NV provides automotive carbon monocoque chassis that are lighter than metal and exhibit strong resistance to heat, fatigue, and chemical reactions. Horacio Pagani S p A offers automotive carbon monocoque chassis equipped with six-point safety belts and covered in Nomex flame retardant material.
Geographically, North America is expected to account for 42% of the growth of the global market during the forecast period. The high market sales of sports and super sports cars in the US are driving the growth of the automotive carbon monocoque chassis market in North America. Additionally, the strong presence of motor racing events such as the Indianapolis 500, NASCAR racing, and Formula 1 races are contributing to the market growth in this region.
One of the impactful drivers of the market is the joint collaborations between various stakeholders, while the increasing penetration rate in automotive applications, chassis, and body panels is a key trend. However, the market faces challenges in issues related to scaling up production.
The market segmentation also reveals that the ICE segment is expected to experience significant growth during the forecast period. The growing adoption of fiber materials in hoods, tailgates, axles, and braking systems has minimized the cost of carbon fiber materials, thereby fuelling its adoption in the monocoque chassis market.
In addition to the automotive carbon monocoque chassis market, related reports also provide insights into other automotive segments. For instance, the automotive camless engine market size is estimated to grow at a CAGR of 70.09% between 2023 and 2028, while the automotive retreaded tires market size is estimated to grow at a CAGR of 5.87% during the same period.
In conclusion, the automotive carbon monocoque chassis market is poised for growth, driven by technological advancements, increasing demand for sports and super sports cars, and the growing adoption of carbon composite materials. With key players offering innovative solutions, collaborative efforts between stakeholders, and the increasing penetration rate in automotive applications, the market is set to witness substantial growth in the coming years.
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