Global and India Automotive Clutch Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Automotive Clutch Market Size

The global Automotive Clutch revenue was US$ 9205 million in 2022 and is forecast to a readjusted size of US$ 10160 million by 2029 with a CAGR of 1.4% during the forecast period (2023-2029).

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Automotive clutch, located between the engine and the transmission, is an isolated part transmitting power from engine to the gearbox, and it allows transmission to be interrupted while a gear is selected to move off from a stationary position, or when gears are changed while the car is moving. An automotive clutch can help the driver enjoy a smooth start and facilitate shaft. It can also prevent the transmission overload and reduce the impact of torsional vibration.

Vehicles with manual transmissions (MT), automated manual transmissions (AMT) and dual clutch transmissions (DCT) use automotive clutches to transmit power from engine to the gearbox. However, in automatic transmissions (AT) and continuously variable transmissions (CVT) vehicles, the torque converter takes the place of the mechanical clutch to transmit power.

An automotive clutch assembly consists of many small parts, but there are five major components: the clutch flywheel, the clutch pressure plate, the clutch disc, the throw-out clutch bearing and release system.

In India, the Automotive Clutch revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

Global Automotive Clutch key players include Schaeffler (Luk), ZF (Sachs), Valeo, F.C.C., Exedy, etc. Global top five manufacturers hold a share nearly 55%.

Europe is the largest market, with a share over 45%, followed by Asia-Pacific, and North America, both have a share about 50 percent.

In terms of product, Dry Friction Clutch is the largest segment, with a share about 80%. And in terms of application, the largest application is Commercial Vehicle, followed by Passenger Vehicle.

This report focuses on global and India Automotive Clutch market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

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India is a market full of opportunities, and the demand for Automotive Clutch will continue to grow rapidly in the future.

Global Automotive Clutch Scope and Market Size

Automotive Clutch market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Automotive Clutch market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Automotive Clutch market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• Wet Friction Clutch
• Dry Friction Clutch
• Electromagnetic Clutch

By Application
• Passenger Vehicle
• Commercial Vehicle

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

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This release was published on openPR.