The automotive carbon monocoque chassis market is expected to increase by USD 248 million between 2022 and 2027, with a growth rate of 6.57%. This strong growth is due to the presence of prominent companies like Bayerische Motoren Werke AG, Dallara Group Srl, Dr. Ing. h.c. F. Porsche AG, Ferrari NV, and many more. These companies offer a range of automotive carbon monocoque chassis that are used in sports cars and other high-performance vehicles.
In North America, the market is expected to have the largest share, accounting for 42% of the global market during the forecast period. This growth is driven by the high market sales of sports and super sports cars in the US, as well as the strong presence of motor racing events such as the Indianapolis 500, NASCAR racing, and Formula 1 races.
One impactful driver of market growth is the joint collaborations between various stakeholders. However, there are also challenges, such as issues in scaling up production. The market segmentation also shows significant growth in the ICE segment, particularly in racing cars, where there has been an increasing use of carbon monocoque chassis since 1981.
In addition to the automotive carbon monocoque chassis market, other related markets are also expected to experience growth. 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.
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In conclusion, the automotive carbon monocoque chassis market is expected to experience significant growth in the coming years, particularly in North America. With the increasing penetration rate in automotive applications, chassis, and body panels, as well as the growing adoption of fiber materials in various vehicle components, the market is poised for expansion.
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