Press release
Automotive Clutch Market Latest Trends and Analysis, Future Growth Study by 2028
Automotive Clutch Market size was valued at USD 19.11 Billion in 2020 and is projected to reach USD 32.42 Billion by 2028, growing at a CAGR of 6.85% from 2021 to 2028.An automotive clutch is a mechanical component that transfers power from the engine and aids in gearshifting. It is positioned between the vehicle's engine and gearbox system. A gearbox that rotates at different speeds is used by the clutch to engage and disengage the engine. The fundamental clutch mechanism is made up of a large number of parts, including a throw-out bearing, pressure plate, clutch disc, flywheel, crankshaft, and pilot bushing. Both manual and automatic automobiles use clutches. While an automatic transmission vehicle has several clutches, a manual gearbox only has one clutch. It stops the development of gear-to-gear friction and any potential harm that could result from it.
The Global Automotive Clutch Market dynamics are thoroughly studied and explained, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Global Automotive Clutch Market. With the increasing attraction towards automobile, consumer demand for efficient transmission modes and sophisticated automobiles. In addition to this, major players in the clutch manufacturing industry across the globe are engaged in developing high quality products modifying specific technical stipulations in automobile accelerating the global automotive clutch market.
A clutch is a mechanical device that connects and disconnects the power transmission from one driving shaft to another driven shaft. The Automotive Clutch is an integral part of the automotive drivetrain system that is used for power transmission between two shafts. An Automotive Clutch provides connection and disconnection between manual transmission and engine. A clutch is used in an automobile for power transmission between two shafts. Since the engine of an automobile spins all the time, the wheel needs to be disconnected to offer synchronization between the spinning engine to the non-spinning transmission. Clutches are used to disconnect the engine from the wheels.
Due to improvements in automotive technology and the rising demand for electric vehicles, the worldwide automotive clutch market is expanding significantly. The expansion of the global market is being driven by the shifting consumer desire and changing trend toward manual to semi-automatic or fully automated transmission systems. Additionally, a boom in automobile sales due to increased consumer disposable income is boosting the market's expansion.
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Global Automotive Clutch Market: Segmentations
Global Automotive Clutch Market: By Key Players
Schaeffler (Luk)
ZF (Sachs)
Valeo
F.C.C.
Exedy
Borgwarner
Eaton
Aisin
CNC Driveline
Zhejiang Tieliu
Ningbo Hongxie
Hubei Tri-Ring
Chuangcun Yidong
Wuhu Hefeng
Rongcheng Huanghai
Guilin Fuda
Hangzhou Qidie
Dongfeng Propeller
Global Automotive Clutch Market: By Types
Wet Friction Clutch
Dry Friction Clutch
Electromagnetic Clutch
Global Automotive Clutch Market: By Applications
Passenger Vehicle
Commercial Vehicle
Global Automotive Clutch Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Clutch market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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