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Automotive Brakes And Clutches Market Analysis 2023-2032: Opportunity Assessment, Growth Insights, Global Outlook And Major Players | F.C.C. Co. Ltd., BorgWarner, NSK, Com, Valeo Service, Bosch Limited
Automotive Brakes And Clutches Market
The Business Research Company's Automotive Brakes And Clutches Global Market Report 2023 identifies thriving automotive industry as the major driver for the Automotive Brakes And Clutches Market's growth in the forecast period. The automotive industry refers to all business activities involved in the production of automobiles, including most components such as engines, bodywork, tires, and batteries. Raising the automotive industry will increase the demand for automotive brakes and clutches as these are the essential parts of vehicles.
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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Major competitors in the automotive brakes and clutches market are 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.
A key trend in the Automotive Brakes And Clutches Market includes Technological innovations. Major companies operating in the automotive brakes and clutches sector are focused on introducing new technological innovations to sustain their position in the market. For instance, in 2021, Maruthi Suzuki, an India-based vehicle manufacturer, developed S-Assist, an AI (Artificial Intelligence)-based 24-hour virtual car assistant app for Nexa model cars. This AI technology is utilized in automobiles to assist drivers in maintaining safe driving by automatically applying brakes when an object ahead is detected.
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The Automotive Brakes And Clutches Market is segmented -
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.
The Business Research Company's "Global Automotive Brakes And Clutches Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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