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According to the latest report by IMARC Group, titled “Automotive Clutch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global automotive clutch market size reached US$ US$ 9.8 Billion in 2018. An automotive clutch is a device that is utilized for the engagement and disengagement of power transmission from the driving shaft to the driven shaft. The function of the clutch is to connect the two rotating shafts present in vehicles, lock them together and spin at the same speed or to decouple them and spin at different speeds. The manufacturing of a clutch requires the use of numerous friction materials, which offer strength and resistance while ensuring a smooth engagement of gears. Some of the major components present in the assembly of the device are clutch disc, flywheel, and pressure plate and release system. Automotive clutches are crucial in preventing transmission overload and significantly reduce the impact of torsional vibration in an automobile, thereby offering an overall smooth experience to the drivers.
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Global Automotive Clutch Market Trends:
The market is primarily driven by the thriving automotive industry. Rapid urbanization, improving living standards and the inflating purchasing power of consumers have resulted in the bourgeoning sales of automobiles. Since automotive clutches form an indispensable part of automobiles’ mechanisms, significant growth in the industry is consequently providing an impetus to the market growth. Moreover, the growing preference for electric vehicles (EVs) and semi-automatic or fully automatic transmission systems in automobiles is expected to create a positive outlook for the market. Furthermore, enhanced research and development (R&D) activities by the manufacturers to improve the efficiency of the advanced models are expected to impact the market favorably. For instance, dual-clutch transmission is gaining widespread preference as it enables quicker and smoother gear transition. On account of the aforementioned factors, the market is expected to reach a value of US$ 14.1 Billion by 2024, growing at a CAGR of 6.3% during 2019-2024.
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Market Summary:
Market Breakup by Vehicle Type
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On the basis of the vehicle type, the market has been bifurcated into passenger and commercial vehicles.
Market Segmentation by Transmission Type
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Based on the transmission type, the market has been categorized into manual transmission, automatic transmission, automated manual transmission (AMT) and others.
Market Segmentation by Clutch Type
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On the basis of the clutch type, the market has been divided into friction, dog, hydraulic and other types of clutches.
Market Segmentation by Clutch Disk/Plate Size
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Based on the clutch disk/plate size, the market has been classified into below 9 inches, 9 inches to 10 inches, 10 inches to 11 inches and 11 inches and above.
Market Segmentation by Distribution Channel
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On the basis of the distribution channel, the market has been bifurcated into aftermarket and original equipment manufacturer (OEM).
Market Segmentation by Material Type
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Based on the material type, the market has been categorized into ceramic, organic and others.
Market Segmentation by Region
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On the basis of the region, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
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The Competitive Landscape
The competitive landscape of the market has also been examined with the detailed profiles of the key players. Some of the major players operating in the market include Aisin Seiki Co., Ltd., Magneti Marelli S.p.A., Schaeffler Group AG & Co., ZF Friedrichshafen AG, BorgWarner Inc., Valeo, Eaton Corporation Inc., WABCO Holdings Inc., EXEDY Corporation, F.C.C. Co., Ltd., NSK Ltd., AMS Automotive LLC, APLS Automotive Industries Pvt. Ltd., JATCO Ltd., Allison Transmission, Inc., and FTE automotive GmbH.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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