Press release
Automotive Brakes And Clutches Global Market By Product Type, By Brake Type, By Sales Channel, By Vehicle Type, By Regional Forecast 2023-2032 | ZF Friedrichshafen AG, BorgWarner, Continental AG, Valeo Service, Bosch Limited
Automotive Brakes And Clutches Market
Automotive Brakes And Clutches Market Size, Growth Rate, And Forecast
The global automotive brakes and clutches market size grew from $24.49 billion in 2022 to $26.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive brakes and clutches market size is expected to grow to $33.53 billion in 2027 at a CAGR of 6.2%.
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Automotive Brakes And Clutches Market Drivers
The thriving automotive industry is expected to propel the growth of the automotive brakes and clutches market going forward. The automotive industry refers to all business activities involved in the production of automobiles, including most components such as engines, bodywork, tires, and batteries.
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Automotive Brakes And Clutches Market Segments
• By Product: Original Equipment Manufacturer (OEM), After Market
• By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
• By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
• By Application: Passenger Car, Commercial Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Brakes And Clutches market.
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Automotive Brakes And Clutches Market Key Players
Major competitors in the Automotive Brakes And Clutches market include F.C.C. Co. Ltd., BorgWarner, NSK, Com, Valeo Service, Bosch Limited, Brembo SpA, Continental AG, ZF Friedrichshafen AG, Marelli (Magneti Marelli CK Holdings Co. Ltd.), Exedy Corporation, Eaton Corporation, and Aisin Seiki Co. Ltd.
The Business Research Company's "Global Automotive Brakes And Clutches Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Automotive Brakes And Clutches Market Include:
1. Executive Summary
2. Automotive Brakes And Clutches Market Characteristics
3. Automotive Brakes And Clutches Market Trends And Strategies
4. Automotive Brakes And Clutches Market - Macro Economic Scenario
5. Automotive Brakes And Clutches Market Size And Growth
.....
26. Africa Automotive Brakes And Clutches Market
27. Automotive Brakes And Clutches Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Brakes And Clutches Market
29. Automotive Brakes And Clutches Market Future Outlook and Potential Analysis
30. Appendix
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