Global Automotive Carbon Monocoque Chassis Market 2017-2021
About Automotive Carbon Monocoque Chassis
A carbon monocoque chassis is a structure, wherein the chassis made of carbon fiber and the body are integrated together to develop a composite construction. This composite structure has better inherent stiffness and rigidity as compared with other conventional chassis designs, along with better weight distribution. A monocoque construction of vehicle chassis helps in uniform distribution of stress generated by the vehicle during movements.
Technavio’s analysts forecast the global automotive carbon monocoque chassis market to grow at a CAGR of 4.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive carbon monocoque chassis market for 2017-2021. To calculate the market size, the report considers original equipment manufacturer (OEM) fitment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Carbon Monocoque Chassis Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive carbon monocoque chassis market: ZF Group, Continental, Magna International, Bosch, and BENTELER International.
Other Prominent Vendors in the market are: American Axle and Manufacturing, ALF Engineering, Cytec Solvay Group, Bharat Forge Limited, KLT Automotive, Surin Automotive, and ZOLTEK.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is carbon fiber making way into automotive interior system and design. The CFRPs have found inroads into few automotive applications such as chassis and body panels, among others. CFRPs are primarily used in the chassis construction of high-end sports cars, supercars, and hypercars.”
According to the report, one driver in the market is competitive sports cars market driving carbon fiber chassis. The global automotive industry has evolved over the years with improving economic conditions and developing infrastructure. Growth of the automotive industry is one of the primary parameters defining the GDP of a nation, as it comes second to owning a house in the list of essentials for a consumer. Automobiles act as a status symbol and define the image for many individuals living in the society, and even more so with performance-oriented cars.
Further, the report states that one challenge in the market is high cost of R&D. Though the automotive industry is witnessing the use of advanced materials for various automotive systems and applications, there are certain factors that are proving to be a hindrance at present for their large-scale adoption. For integration and use of lightweight and rigid materials such as carbon fiber, high costs associated with their design and development play an important role in their limited applications across the global automotive industry.
ZF Group, Continental, Magna International, Bosch, BENTELER International, American Axle and Manufacturing, ALF Engineering, Cytec Solvay Group, Bharat Forge Limited, KLT Automotive, Surin Automotive, and ZOLTEK.