Global Automotive Carbon Monocoque Chassis Market : Industry Insights, Trends and Forecast upto 2025
A chassis is a vehicle frame which supports vehicle components. Automotive carbon monocoque chassis is made of carbon fiber composites. 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 after market. By vehicle type the market is classified into passenger vehicles and commercial vehicles. 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. An opportunity for the automotive carbon monocoque chassis market is the increasing acceptance of electric and hybrid vehicles across the world. Obtain Report Details @ http://www.transparencymarketresearch.com/global-automotive-carbon-monocoquechassis-market.html 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. By geography the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.