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The automotive carbon monocoque chassis market size is forecast to increase by USD 215.4 million, at a CAGR of 5.55% between 2023 and 2028. Advanced robotics in manufacturing is fueling the mass production of monocoque chassis, while a competitive market for sports cars is propelling the demand for carbon fiber chassis. The integration of advanced robotics enables efficient and precise manufacturing processes, leading to increased production of monocoque chassis on a large scale. Simultaneously, the competitive landscape within the sports car market drives the adoption of lightweight and durable carbon fiber chassis, meeting the demands for performance and innovation. Additionally, joint collaborations between stakeholders further accelerate advancements in chassis technology, fostering synergistic partnerships and leveraging collective expertise. These collaborative efforts facilitate the development of cutting-edge chassis solutions that meet the evolving needs of various industries, from automotive to aerospace. Overall, these interconnected factors drive innovation and market growth, shaping the future of chassis manufacturing and its applications across diverse sectors. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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The market encompasses the production and application of monocoque chassis made from Carbon Fiber Composite in Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. This type of chassis integrates the vehicle's body and frame into a single structure, providing enhanced strength and weight reduction. High Strength Steel and Aluminum Alloy are also used in the production of monocoque chassis. The market for Automotive Carbon Monocoque Chassis is driven by the increasing demand for lightweight and fuel-efficient vehicles. The integration of Artificial Intelligence and Machine Learning in the automotive industry is expected to boost market growth by improving robotic efficiency and enabling Level 2 automation. Active safety systems, Battery Electric Vehicles, and Hybrid Electric Vehicles are some of the applications of monocoque chassis. Pick-up trucks are another segment that is expected to witness significant growth in the market due to the increasing demand for lightweight and durable chassis structures. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Advanced robotics manufacturing spurring mass production of monocoque chassis is the key factor driving the market. The automotive industry's evolution has led automakers and component suppliers to adopt sophisticated technologies, particularly carbon fiber, in manufacturing monocoque chassis. Monocoque chassis, a single-piece structure defining a vehicle's design, contrasts with backbone and ladder chassis, which only support the stress-bearing components. Advanced manufacturing techniques, including automation, fuel the growth of the carbon fiber market. Monocoque chassis are fabricated by welding various parts together, offering advantages such as improved safety, fuel efficiency, and weight reduction. High-strength steel, aluminum alloy, and mild steel are traditional materials used in chassis construction. However, carbon fiber composite is gaining popularity due to its superior strength-to-weight ratio. Passenger cars, light commercial vehicles, and heavy commercial vehicles (HCVs) all utilize automotive chassis systems. Electric vehicles, including battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), are increasingly adopting modular frame chassis, such as skateboard chassis, to accommodate their unique powertrains. Automotive OEMs are investing in research and development to create advanced chassis systems, such as modular and single-hull chassis, to cater to the growing demand for safety, fuel efficiency, and environmentally friendly solutions.
Further, the HCV segment is expected to witness significant growth due to the increasing adoption of electric and hybrid vehicles in the logistics sector. Robotics and automation are revolutionizing the manufacturing process, enabling the production of complex chassis designs and reducing production costs. The automotive industry's shift towards electric vehicles and shared mobility solutions is expected to further drive the demand for advanced chassis systems. Traffic congestion and the need for traffic flow optimization have led to the development of lightweight and efficient chassis designs. Luxury cars, passenger vehicles, light commercial vehicles, pick-up trucks, and heavy-duty vehicles all benefit from the advancements in chassis technology. In conclusion, the automotive industry's ongoing transformation is driving the adoption of advanced materials and manufacturing techniques in the production of monocoque chassis. Carbon fiber composites, high-strength steel, aluminum alloy, and mild steel are all used in the fabrication of chassis for passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles. The integration of robotics and automation in the manufacturing process is enabling the production of lightweight, efficient, and cost-effective chassis designs, catering to the evolving needs of the automotive industry.
Focus on development of pure electric supercars by automotive manufacturers is the primary trend shaping the market. In the automotive industry, there is a growing trend towards the adoption of advanced chassis technologies, particularly in the manufacturing of electric supercars. Traditional chassis designs, such as Backbone Chassis and Ladder Chassis, have been replaced by more modern alternatives like Monocoque Chassis and Modular Chassis. These new chassis types offer enhanced safety, fuel efficiency, and weight reduction, making them ideal for Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles, including Battery Electric Vehicles and Hybrid Electric Vehicles. High-strength Steel, Aluminum Alloy, and Mild Steel have long been used in chassis manufacturing due to their durability and strength. However, Carbon Fiber Composite is gaining popularity due to its lightweight properties and high strength-to-weight ratio. This material is particularly suitable for luxury cars, sports cars, and other high-performance vehicles.
Moreover, automotive chassis systems have evolved significantly over the years, with the introduction of modular frame chassis, skateboard chassis, and shared mobility concepts. These advancements aim to address traffic congestion and reduce the environmental impact of automobiles. Automotive OEMs are investing heavily in the development of chassis technologies to meet the evolving demands of the market. This includes the use of robotics in manufacturing processes and the integration of advanced safety features. The HCV segment is expected to see significant growth in the adoption of electric vehicles and environment-friendly chassis technologies. In summary, the automotive chassis market is undergoing a transformation, with a focus on lightweight, efficient, and environmentally-friendly designs. Monocoque Chassis, Modular Chassis, and Carbon Fiber Composite are set to play a key role in this evolution, as automotive OEMs strive to meet the demands of the electric vehicle market and address the challenges of traffic congestion and environmental sustainability.
The high cost of R&D is the major challenge that affects market expansion. The automotive industry's shift towards advanced materials for chassis systems is gaining momentum, with Monocoque Chassis, Carbon Fiber Composite, and Aluminum Alloy emerging as popular choices. However, the high costs of designing, developing, and manufacturing these materials pose a significant challenge to their widespread adoption. Compared to traditional materials like High Strength Steel and Mild Steel, the production costs of Carbon Fiber Composite are substantially higher. Despite these costs, the benefits of using advanced materials in automotive chassis systems are compelling. Monocoque Chassis, for instance, offer improved safety, fuel efficiency, and reduced weight, making them ideal for Passenger Cars and Light Commercial Vehicles. In the Heavy Commercial Vehicle (HCV) segment, Modular Chassis made of High Strength Steel or Aluminum Alloy are preferred due to their durability and load-bearing capacity. Electric Vehicles, including Battery Electric Vehicles (BEVs) and Hybrid Electric Vehicles (HEVs), are increasingly adopting advanced chassis systems like skateboard chassis to accommodate the large battery packs and electric powertrains. Automotive OEMs are investing in research and development to reduce the costs of these advanced materials and expand their applications.
Additionally, the use of advanced materials in automotive chassis systems also aligns with the growing trend towards shared mobility, traffic congestion mitigation, and environment-friendly transportation solutions. As the automotive landscape evolves, the demand for lightweight, robust, and efficient chassis systems is expected to increase, driving innovation and growth in this market. In conclusion, the automotive industry's transition to advanced materials for chassis systems presents both opportunities and challenges. While the high costs of designing, developing, and manufacturing these materials remain a significant hurdle, the benefits in terms of safety, fuel efficiency, and reduced emissions make them an attractive proposition for various vehicle segments, including Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. The future of automotive chassis systems lies in the continued development and adoption of advanced materials like Carbon Fiber Composite, Aluminum Alloy, and High Strength Steel.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecast report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bayerische Motoren Werke AG: The company offers automotive carbon monocoque chassis such as multi-material Carbon Cage with 2022 iX vehicle line for new battery-electric iX sports activity vehicle, BMW combines CFRP strategies from previous i3, i8 and 7-Series designs and adds CFRTP for a lightweight, rigid frame.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The ICE vehicles segment is estimated to witness significant growth during the forecast period. The market encompasses various types, including Backbone Chassis, Ladder Chassis, Monocoque Chassis, and Modular Chassis. Monocoque Chassis, a structural unit that forms the passenger compartment and supports the vehicle's weight, has gained significant attention due to its high strength and lightweight properties. High-performance vehicle manufacturers, particularly those in the Luxury cars, Sports cars, and Passenger vehicles segments, have increasingly adopted Monocoque Chassis made of Carbon Fiber Composite. Carbon Fiber Composite, a lightweight and strong material, was initially limited in the automobile industry due to its high cost.
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The ICE vehicles segment was the largest segment and valued at USD 511.30 million in 2018. However, the necessity to reduce exhaust emissions and improve fuel efficiency has compelled automotive OEMs to explore lighter alternatives. Monocoque Chassis made of Carbon Fiber Composite, although more expensive, offer significant weight savings and improved safety. The increasing demand for environmentally friendly and efficient automotive solutions has led to the emergence of skateboard chassis in shared mobility applications. These chassis, which house the battery pack, engine, gearbox, and other essential components, are designed to be modular and adaptable to various body styles. In conclusion, the market is undergoing significant transformation, driven by the need for safety, fuel efficiency, and weight reduction. Monocoque Chassis made of Carbon Fiber Composite are gaining popularity in high-performance vehicles, while Ladder Chassis and Single-hull chassis continue to dominate the HCV and electric vehicle segments. The future of automotive chassis systems lies in modular frame chassis and advanced materials that offer both strength and weight savings.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses various vehicle segments, including Hatchbacks, Station wagons, Sports Utility Vehicles (SUVs), and Multi-Utility Vehicles (MUVs). This market caters to both the Original Equipment Manufacturer (OEM) segment and the Aftermarket. Artificial intelligence (AI) and machine learning technologies are increasingly being integrated into carbon monocoque chassis, enhancing robotic efficiency and enabling Level 2 automation. Active safety systems and driver assistance features are becoming standard in passenger cars, leading to the adoption of advanced carbon monocoque chassis. Level 4 autonomous vehicles are poised to revolutionize the automotive industry, and carbon monocoque chassis are expected to play a pivotal role in their development.
Further, public transport systems are also adopting carbon monocoque chassis to improve fuel efficiency and reduce emissions. The integration of AI and machine learning in carbon monocoque chassis is expected to lead to significant advancements in vehicle design and manufacturing processes. The OEM segment is the primary consumer of carbon monocoque chassis, as they offer improved vehicle performance, durability, and weight reduction. The aftermarket segment is also expected to witness significant growth, as consumers seek to upgrade their vehicles with advanced carbon monocoque chassis for improved safety and performance. Overall, the market is expected to experience robust growth, driven by technological advancements and increasing demand for fuel-efficient and safe vehicles.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market represents a significant segment in the global automotive industry. This market is driven by the increasing demand for lightweight and fuel-efficient vehicles. Carbon monocoque chassis offer several advantages such as improved vehicle dynamics, enhanced safety, and reduced weight. Chassis manufacturers are focusing on the development of advanced carbon fiber materials to produce stronger and lighter chassis. The use of these chassis is not limited to high-end luxury vehicles but is also gaining popularity in the mass market due to the increasing awareness of fuel efficiency and environmental sustainability. The market is expected to grow at a steady pace in the coming years. The growth is attributed to the increasing demand for electric and hybrid vehicles, which require lightweight chassis to improve their overall performance and efficiency.
Further, the market is highly competitive, with several key players dominating the market. These players are investing heavily in research and development to produce more advanced and cost-effective chassis. The use of Automotive Carbon Monocoque Chassis is also gaining popularity in the motorsport industry due to their superior performance and weight advantages. The market for these chassis in the motorsport industry is expected to grow at a rapid pace in the coming years. In conclusion, the market is poised for significant growth in the coming years due to the increasing demand for lightweight and fuel-efficient vehicles.
Additionally, the market is highly competitive, with several key players investing heavily in research and development to produce more advanced and cost-effective chassis. The use of these chassis is not limited to high-end luxury vehicles but is also gaining popularity in the mass market and the motorsport industry. Besides, passenger cars and light commercial vehicle, whether powered by internal combustion engines, battery electric vehicle, or hybrid electric vehicle, rely on shafts for efficient power transmission.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.55% |
Market Growth 2024-2028 |
USD 215.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.18 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, Germany, Italy, Japan, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bayerische Motoren Werke AG, Dallara Group Srl, Dr. Ing. h.c. F. Porsche AG, Ferrari NV, Horacio Pagani S p A, Koenigsegg Automotive AB, Magna International Inc., McLaren Group Ltd., Muhr und Bender KG, Multimatic Inc., Rimac Automobili, RUF Automobile GmbH, SGL Carbon SE, Toyota Motor Corp., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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