Press release
Global Automotive Carbon Monocoque Chassis Market to Witness Massive Growth in the Coming Years
In automotive industry, original equipment manufacturers (OEMs) refers to manufacturers who assembly automotive components to manufacture new vehicles. In contrast aftermarket refers to those automotive components that are installed as a replacement in vehicles after it comes out from the factory.
By type the market is segmented into OEM and aftermarket. By vehicle type the market is classified into passenger vehicles and commercial vehicles.
By geography the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is a prominent global automotive carbon monocoque chassis manufacturer. The U.S is the largest market in the region as it is the second largest automotive and passenger vehicle market in the world followed by Canada. Europe is one of the major manufacturers of automotive carbon monocoque chassis manufacturers in the world. Germany is the largest market in Europe as it is the largest automotive market in Europe and it is the fourth largest passenger vehicle manufacturer in the world. France, Italy, Spain, the U.K, Belgium, Sweden and Netherlands are other major manufacturers in Europe.
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Asia Pacific is a dominant automotive carbon monocoque market in the world. China is the largest market in the Asia Pacific region as it is the largest automotive and passenger vehicle market in the world. Japan and India are major markets in Asia Pacific region as they are third and fifth largest passenger vehicle markets in the world. South Korea and Australia are other major automotive carbon monocoque chassis markets in the world. Middle East and Africa is a significant automotive carbon monocoque chassis market in the world led by Saudi Arabia, Iran, Turkey and South Africa. Latin America is a major automotive carbon monocoque chassis market in the world led by Brazil, Mexico and Argentina. Brazil is the largest carbon monocoque chassis market in Latin America.
Rising production and sale of luxury vehicles and passenger vehicles, light commercial vehicles such as pickup trucks and heavy commercial vehicles are increasing the demand for automotive carbon monocoque chassis. With rising disposable income in emerging economies across the world there is increasing purchase of sports cars which will subsequently increase the demand for automotive carbon monocoque chassis market. Sports car maker McLaren announced in June 2017 that its manufacturing plant in Sheffield, England aims to produce ~10,000 carbon monocoque chassis by end of 2019. McLaren intends to use 5,000 of these carbon monocoque chassis for its in-house use and the rest it intends to sell to other automakers.
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An opportunity for the automotive carbon monocoque chassis market is the increasing acceptance of electric and hybrid vehicles across the world. Major automotive manufacturers such as BMW AG, Volvo Car Corporation, Daimler AG, etc. intends to produce and sell electric, plug-in electric, hybrid vehicles in near future. Magna International Inc. and Ford Motor Corp. is having a joint collaboration to develop automotive carbon monocoque chassis that weighs less than steel chassis.
The report mentions the diverse competitive strategies implemented by key players operating in the market to gain market share. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis and historical revenue. The report also contains details of market share analysis of key players in the market. The major firms operating in the market are Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Benteler International AG (Germany), Magna International (Canada), American Axle & Manufacturing, Inc. (the U.S), Bharat Forge Limited (India), KLT Automotive & Tubular Products Limited (India), Surin Automotive Private Limited (India) and Cytec Solvay Group (the U.S).td., Fusion Brakes LLC, Wilwood Engineering Inc. and Surface Transforms.
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