IMARC Group, a leading market research company, has recently released a report titled “Automotive Clutch Market Report by Vehicle Type (Passenger Vehicles, Commercial Vehicles), Transmission Type (Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), and Others), Clutch Type (Friction Clutch, Dog Clutch, Hydraulic Clutch, and Others), Clutch Disk/Plate Size (Below 9 Inches, 9 Inches to 10 Inches, 10 Inches to 11 Inches, 11 Inches and Above), Distribution Channel (Aftermarket, OEM), Material Type (Ceramic, Organic, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global automotive clutch market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global automotive clutch market size reached US$ 13.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Global Automotive Clutch Market Trends:
The increasing demand for electric vehicles (EVs), where advanced clutches are required, is propelling the market growth.
Additionally, rapid urbanization and rising disposable incomes, leading to higher vehicle ownership rates, are boosting the market growth. Besides this, the implementation of stricter emission norms by governments, prompting automakers to adopt advanced clutch systems that improve fuel efficiency and lower emissions, is fostering the market growth.
Furthermore, the expansion of e-commerce and logistics sectors, which increases the demand for commercial vehicles, thereby driving the need for durable and efficient clutch systems, is catalyzing the market growth.
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Factors Affecting the Growth of the Automotive Clutch Industry:
· Rising Vehicle Production:
The global rise in vehicle production is a critical driver of the automotive clutch market. The demand for both passenger and commercial vehicles has seen a significant uptick as economies grow and urbanization accelerates. This surge in production naturally translates to a higher demand for automotive components, including clutches. The automotive clutch, an essential component for manual and some semi-automatic transmissions, plays a pivotal role in the drivability and performance of a vehicle.
Additionally, automakers are striving to meet the diverse needs of consumers, from compact cars to heavy-duty trucks, resulting in the expansion of the variety and volume of clutches. Besides this, the shifting trend towards more fuel-efficient and performance-oriented vehicles, which necessitates advanced clutch systems, is boosting the market growth.
· Growing Automotive Aftermarket:
The burgeoning automotive aftermarket is a significant factor contributing to the market growth. The aftermarket industry encompasses the manufacturing, remanufacturing, distribution, retailing, and installation of all automotive parts, chemicals, and accessories after the sale of the vehicle by the original equipment manufacturer (OEM). As vehicles age, the need for maintenance, repairs, and replacements becomes inevitable, leading to increased demand for aftermarket products. Clutches, being wear-and-tear components, often require replacement over a vehicle's lifespan.
Additionally, the increasing preference for do-it-yourself (DIY) vehicle maintenance and repairs among car enthusiasts is driving the sales of aftermarket clutch systems. Furthermore, the cost-effectiveness of aftermarket parts compared to OEM parts makes them a popular choice among consumers looking for affordable repair solutions.
· Technological Advancements:
Technological advancements in the automotive industry are revolutionizing the clutch market, driving its growth significantly. Innovations such as dual-clutch transmissions (DCTs) and automated manual transmissions (AMTs) are at the forefront of this transformation. These systems provide quicker and smoother gear shifts, enhancing the driving experience and improving fuel efficiency.
Additionally, they address consumer demands for more responsive and efficient vehicles, propelling the adoption of modern clutch systems. Furthermore, advancements in materials and manufacturing processes, which have led to the development of lighter, more durable, and heat-resistant clutches, are boosting the market growth. These improvements not only enhance vehicle performance but also extend the lifespan of clutch systems, reducing the need for frequent replacements.
Automotive Clutch Market Report Segmentation:
By Vehicle Type:
· Passenger Vehicles
· Commercial Vehicles
Passenger vehicles hold the majority of the market share driven by increasing urbanization and rising disposable incomes.
By Transmission Type:
· Manual Transmission
· Automatic Transmission
· Automated Manual Transmission (AMT)
· Others
Manual transmission accounted for the largest market share because they are more cost-effective and preferred in many regions, particularly in developing countries.
By Clutch Type:
· Friction Clutch
· Dog Clutch
· Hydraulic Clutch
· Others
Friction clutch represented the largest segment due to their reliability, cost-effectiveness, and efficiency in transmitting power from the engine to the drivetrain.
By Clutch Disk/Plate Size:
· Below 9 Inches
· 9 Inches to 10 Inches
· 10 Inches to 11 Inches
· 11 Inches and Above
Below 9 inches hold the majority of the market share as they are commonly used in passenger vehicles.
By Distribution Channel:
· Aftermarket
· OEM
OEM accounted for the largest market segment because they are the primary suppliers of clutches to automakers, ensuring high-quality and compatibility standards.
By Material Type:
· Ceramic
· Organic
· Others
Ceramic represented the majority of the market share, owing to their durability, heat resistance, and performance in high-stress environments.
Regional Insights:
· Asia Pacific
· Europe
· North America
· Middle East and Africa
· Latin America
Asia Pacific's dominance in the market is attributed to its high vehicle production and sales, particularly in countries like China and India.
Competitive Landscape with Key Players:
The competitive landscape of the automotive clutch market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players 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.
· FTE automotive GmbH
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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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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