Automotive Clutch Market Outlook 2031
The global automotive clutch market size was valued at USD 12.46 Billion in 2022 and is likely to reach USD 20.29 Billion by 2031, expanding at a CAGR of 5.57% during the forecast period, 2023–2031. The market growth is attributed to the increasing safety concerns among users of automotive clutches across the globe.
A clutch is a mechanical device that is designed to transmit power, especially from one drive shaft to another. Clutches are used in various types of industries to rotate assemblies, systems, and pieces of equipment. Types of clutches depend on various requirements and restrictions of the application.
Various materials are used to create frictional clutches such as compound organic resin, copper wire, ceramic, and composite paper. Some of the most common clutch problems are wear, broken cable, leaks, misalignment, air in the line, and hard clutch. Manual clutches, hydraulic clutches, electric clutches, and centrifugal clutches are the various types of clutches used in the automotive industry.
The machine operator engages and disengages manual clutches. Hydraulic clutches use hydraulic fluid to extend and retract pistons. Electric clutches are used in applications, where these clutches need to be engaged and disengaged at specific rotational speed and have an accessible power source. When the proper rotational speed is achieved, the centrifugal clutches are automatically engaged and disengaged.
This mechanism device engages and disengages the power transmission from the driving shaft to the driven shaft. The clutch is connected to the shaft coming from the engine and the shaft turns the wheels. The connection between the wheels and the engine needs to be provisionally broken to allow the car to change its speed and come to a complete halt without turning off the engine.
A clutch is made up of two main parts such as a clutch plate and the flywheel. Springs of the pressure plate push against the clutch plate, which in turn pushes the clutch plate against the flywheel. The spring pressure also pushes the clutch plate up against the flywheel.
Several clutch manufacturers are researching and developing automotive clutch solutions to meet the growing demand from customers. For example, BLM Automotive Clutch focuses on the custom design and manufacture of centrifugal clutch solutions. The company plans to research different types of clutches such as centrifugal clutches that are suitable for different applications.
COVID-19 affected the global automotive industry moderately. Although there were several industries suffering through the pandemic period, the automotive industry has seen a huge demand for new cars during the pandemic.
The used car market has seen a huge fall in sales owing to low income, shortage of money, and increasing partiality towards private cars, which is expected to affect the used cars. The used car industry emerged due to the growth of online sales, where the new car market suffered and came to halt.
Automotive Clutch Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global automotive clutch market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Trends
Hydraulic clutches are a major trend in the automotive clutch market, due to the extensive use of hydraulic clutches in vehicles. A hydraulic clutch’s functions are similar to the functions of other clutches.
However, the hydraulic clutch has mechanical components compared to other clutches. When the clutch pedal is pushed down and it automatically gets pressurized, which allows work with a clutch plate to remove the used gear and engage with the new gear. These types of clutches are used to fill with hydraulic fluid.
Drivers
Automotive clutch system allows the power transmission from the engine to the gearbox, which controls the speed and working of a vehicle and provides a smooth driving experience. Overloading of transmission and reducing the torsional vibration are essential components in vehicles. The demand for automotive transmission system vehicles manual transmissions is growing, which boosts the automotive clutch market.
The increasing demand for development in the automobile industry as well as growth in urbanization and industrialization is expected to boost the demand for the automotive clutch system in the coming years. Increasing demand for automotive transmission torque converters in comparison to cheaper manual transmission clutches is expected to boost the growth of the automotive clutch market during the forecast period.
Customer attraction towards a convenient mode of transportation increases the demand for passenger cars in emerging economies, which drives the automotive clutch market. Manual transmission clutch by rotating converter systems and low fuel efficiency of vehicles with automotive clutch system are expected to drive the growth of the market during the forecast period.
Restraints
The automotive industry is facing a problem from common fuel vehicles to electric vehicles. Transmission systems cannot be found in battery electric vehicles (BEVs) and these motors have a smooth curve that can enter at any revolutions per minute (RPM) and eliminate the gears.
Low maintenance, growing environmental concerns, and a surging shift towards sustainable transportation that reduces fossil fuel dependency are increasing the growth of the global electric vehicles market. Japan and China are the two biggest automotive hubs in the Asia Pacific, which is increasing the demand for electric vehicles in the region.
Opportunities
The increasing demand for passenger cars in developing economies is anticipated to drive the automotive clutch market during the forecast period. Passenger cars include vans, trucks, and buses with one or more load capacities in the buses or cars, pick-up.
A passenger car is a road vehicle or motor vehicle designed to carry passengers. Growing consumer preference towards semi-automatic or fully automatic transmission systems is expected to offer lucrative growth opportunities for the global automotive clutch market.
Scope of Automotive Clutch Market Report
The global automotive clutch market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Clutch Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Transmission Types (Manual Transmission, Automated Manual Transmission, Automatic Transmission, and Others), Clutch Disk/Plate Sizes (Below 9 Inches, 9 Inches to 10 Inches, 10 Inches to 11 Inches, 11 Inches, and Above), and Vehicle Types (Commercial Vehicles and Passenger Vehicles)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Automotive Clutch Market Size and Analysis, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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ZF Friedrichshafen AG; Valeo SA; Eaton Corporation; F.C.C. Co., Ltd.; Schaeffler AG; Aisin Seiki Co Ltd; WABCO; Magneti Marelli S.p.A; Exedy Corporation; and Borgwarner Inc.
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Automotive Clutch Market Segment Insights
Transmission Types Segment Analysis
Based on transmission types, the global automotive clutch market is divided into the manual transmission, automated manual transmission, automatic transmission, and others. The manual transmission segment is projected to hold the largest market share in the coming years, due to the surging usage of inexpensive manual transmission in vehicles. Rising sales of luxury vehicles boost the market growth as well.
The usage of automotive vehicles and the demand for manual transmission is high, especially in developing economies. Engine input shaft, output shaft, dog clutches, synchronize, countershaft, and a clutch are the major parts are involved in manual transmission. Shafts have gears, which determine what rotation and speed are transferred to the wheels.
Clutch Disk/Plate Sizes Segment Analysis
On the basis of clutch disk/plate sizes, the global market is segregated into below 9 inches, 9 inches to 10 inches, 10 inches to 11 inches, 11 inches, and above. The 10 to 11 inches segment is expected to witness the highest CAGR in the coming years, due to the growing demand for passenger vehicles across the globe. A clutch disk is a rotating part, to which the friction material is attached. Each side of the clutch disk is made by friction material pads.
Vehicle Types Segment Analysis
Based on vehicle types, the global automotive clutch market is segmented into commercial vehicles and passenger vehicles. The passenger vehicles segment is expected to dominate the market during the forecast period, due to high demand and high production of passenger cars across the globe.
With increasing distances between home, educational institutions, leisure, work, and shopping facilities, mobility becoming more important than before. Sports, small cars, luxury, sports utility vehicles (SUVs), and luxury are different kinds of passenger cars.
Regional Analysis
In terms of regions, the global automotive clutch market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific region accounts for the largest market share in the automotive clutch market, due to growing demand for vehicles in developing countries such as China and India.
A large number of manual transmission vehicle production in Asia Pacific is one of the major factors affecting the growth of the automotive clutch market.
Increasing market penetration of cars in developing countries and the development of powertrain systems for vehicles are increasing the demand for automotive clutches in Asia Pacific. For premium passenger cars, China is expected to overtake the US as the world’s largest market and create massive growth in the automotive clutch market.
North America is anticipated to hold the major market share in the automotive clutch market during the forecast period. Factors like an increase in demand and adoption of car purchasing in the US and Canada with developed automotive infrastructure are expected to drive the growth of the automotive clutch market.
Segments
The global automotive clutch market has been segmented on the basis of
Transmission Types
- Manual Transmission
- Automated Manual Transmission
- Automatic Transmission
- Others
Clutch Disk/Plate Sizes
- Below 9 Inches
- 9 Inches to 10 Inches
- 10 Inches to 11 Inches
- 11 Inches
- Above
Vehicle Types
- Commercial Vehicles
- Passenger Vehicles
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global automotive clutch market are ZF Friedrichshafen AG; Valeo SA; Eaton Corporation; F.C.C. Co., Ltd.; Schaeffler AG; Aisin Seiki Co Ltd; WABCO; Magneti Marelli S.p.A; Exedy Corporation; Borgwarner Inc.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In November 2019, BorgWarner collaborated with a leading Chinese original equipment manufacturer (OEM,) ChangAn Automobile, to provide a triple clutch P2 drive module and electro-hydraulic control unit for the new generation of automobiles. In 2020, BorgWarner is supposed to achieve mass production for the new model of Changan.
- In May 2019, CK Holdings Co., Ltd. Company of Calsonic Kansei Corporation announces the completion of its acquisition of Magneti Marelli S.p.A from Fiat Chrysler Automobiles N.V. This combined business is expected to operate under Magneti Marelli CK Holdings Co., Ltd.
- In May 2020, ZF Friedrichshafen AG acquired the commercial vehicle technology supplier WABCO and has gained approval from all regulatory authorities. WABCO is expected to focus on expanding on operating customer business and commercial vehicle service in the coming years.
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