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
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.
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.
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