Press release
Clutch Market for Automotive Expected to Reach US$ 12 Bn, Globally, by 2026 | ZF Friedrichshafen AG, BorgWarner Inc., Schaeffler AG, AMS Automotive, Robert Bosch GmbH, EXEDY Corporation, Secto Automotive, F.C.C. Co., Valeo, FTE Automotive
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The clutch operates quite slowly and quietly and alleviates the drive-related vibration amid its operation. Various friction materials are used to fabricate a clutch in a bid to ensure seamless engagement of gears, offer abrasion, and provide robustness. Organic friction materials find wide-range applications as a friction material for clutch facing, as they offer a perfect blend of smooth engagement, wear abrasion, and cost-effectiveness, relatively as compared to the other friction materials.
Clutch Market- Fad for SUVs & Premium Cars to Amplify the Market Progression
Rising demand for SUVs, crossovers, compact SUVs, and premium cars worldwide, majorly in countries in Asia is a predominant factor propelling the traction of clutch market for automotive. Rapid industrialization, which is further adding to the growth of logistics industry, augmentation of IT industry, and rising population in urban areas for better living opportunities is augmenting the demand for commercial vehicles. Heavy commercial vehicles have been recording high adoption of automatic transmission in the light of several benefits namely fuel economy and ease driving training for drivers. These factors are likely to be responsible for propelling the growth of clutch market. Rising disposable income and surge in capacity of spending have propelled the demand for vehicles forming a necessity for commutation. However, rise in number of automatic transmission vehicles & electric vehicles are poised to fetter growth of the clutch market for automotive during the assessment timeline.
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Clutch Market- Report Overview
This report scrutinizes and forecasts the clutch market for automotive, both at the global and regional level. The market has been forecasted on the basis of revenue (US$ Mn) and volume (million units) for the forecast period. The report also includes prevalent drivers and restraints of the global clutch market for automotive influencing the growth trajectory of the market. Moreover, it also briefs about the effect of these drivers and restraints on the demand curve of automotive clutch. The report also underlines various opportunities in the clutch market for automotive at both regional as well global level for manufacturers to take advantage of. A detailed value chain analysis included in the report provides a comprehensive and unbiased view of the market and helps understand the competitive landscape of the market.
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