1. Business

Automotive Clutch Market Size is forecasted to reach 11,701 Billion by the year 2032

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Automotive Clutch Market Overview:

The automotive clutch market is a critical component of the automotive industry, contributing significantly to the performance and drivability of vehicles. Clutches play a key role in transmitting power from the engine to the transmission, allowing for smooth gear changes and efficient power delivery. With the increasing demand for vehicles with manual transmissions and the ongoing advancements in automatic and semi-automatic transmission technologies, the automotive clutch market continues to evolve. Manufacturers are incorporating innovative materials and designs to enhance the durability, efficiency, and overall performance of clutches, meeting the diverse needs of consumers and adhering to stringent emission standards.

The global automotive clutch market size is projected to reach USD 11.7 billion by 2030, according to the latest report by Market Research Future (MRFR). It can expand at 6.14% CAGR from 2022 to 2030. MRFR’s report on the automotive clutch market comprises growth and revenue projections for the forecast period (2022-2030). The COVID-19 pandemic and its implications are explored in depth in the market report.

Geographically, the automotive clutch market is influenced by factors such as regional automotive production trends, consumer preferences, and government regulations. Additionally, the rise of electric and hybrid vehicles has introduced new challenges and opportunities for the market, as these vehicles often employ different transmission systems. As the automotive industry undergoes a transformation toward electrification, the clutch market is adapting to cater to the evolving needs of both traditional internal combustion engine vehicles and emerging electric vehicle platforms. The future of the automotive clutch market lies in a balance between technological advancements, environmental considerations, and the ongoing shifts in consumer preferences for different transmission types.

Get Free Sample Report of Automotive Clutch Market

Automotive Clutch COVID-19 Impact

The COVID-19 pandemic has negatively impacted the automotive clutch market owing to production facilities being shut down. Relaxation of restrictions has favored the industry as automobile companies resumed production. Huge demand for electric vehicles is likely to create opportunities in the coming years.

Competitive Analysis

  • Eaton Corporation
  • Magneti Marelli
  • Valeo
  • Aisin Seiki
  • EXEDY
  • FCC
  • Schaeffer
  • BorgWarner Clutch Auto Limited
  • ZF Friedrichshafen

Automotive Clutch Market Scope

The global automotive clutch market is driven by inclination towards automatic and semi-automatic vehicles as well as plans for vehicle electrification. OEMs are expanding production of clutches by establishing new facilities to cater to growing demand of automobiles. Shift towards fuel efficient systems owing to environment-friendly regulations and technological advances in battery electric vehicle can bode well for the market.

Battery electric vehicles are deemed to garner interest in the automotive clutch market. Low maintenance costs and encouragement given to fuel economy as well as subsidies by governments can propel market growth. Launch of premium cars and focus on comfort of the driver will be lucrative for the market in the coming years. This is evident by large number of car sales in the U.S. and Canada.

But the replacement of manual clutches can pose a challenge to the market.

Automotive Clutch Market Segmentation

BFSI Vertical to Dominate Market Demand

By clutch type, the market is segmented into hydraulic clutch, dog clutch, friction clutch, and other. A dog clutch couples two shafts in order to transmit motion. One part having teeth engages with slots in another. In a friction clutch, the drive is transmitted by the friction between surfaces attached to the driving and driven shafts.
Automated Transmission Systems to Dominate Market Share

By transmission type, the market has been divided into automated and manual. Automated transmission systems are likely to gain a large market share due to advances in automation. Launch of dual clutch and hybrid dual clutch transmission systems for latest vehicles can drive the segment growth.

Commercial Vehicles to Lead in Automotive Clutch Market

Based on vehicle type, the market has been bifurcated into the commercial vehicle and passenger car. Commercial vehicles are likely to capture market share as logistic companies aim to expand their fleets. This is evident by launch of concentric pneumatic clutch actuators by the Eaton Group for spring clutches.

Regional Analysis

APAC to Capture Major Market Share

Asia-Pacific is expected to capture a large market share owing to technological breakthroughs in dual clutch transmission systems and sales of automobiles. Investments in developing economies of India and China by leading manufacturers to offset prices of products as well as inclination towards electric vehicles can drive the market demand.

Industry News

Great Walls Motor (GWM) Company Limited has developed a 9-speed dual clutch transmission for electric vehicles.

Read more:

Middle East And Africa Electric Scooter Market Size 2024-2032 Demand Report

Motorcycle Chain Market Size 2024-2032 Demand Report

Recreational Boats Market Size 2024-2032 Demand Report

Southeast Asia Electric Bike Market Size 2024-2032 Demand Report

 

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe