Automotive Pressure Plate Global Market 2024 - Industry Analysis, Future Trends, Segmentation And Key Players

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Automotive Pressure Plate Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The automotive pressure plate market size has grown strongly in recent years. It will grow from $54.04 billion in 2023 to $57.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to automotive industry growth, rising vehicle ownership rates, increasing miles driven, demand for fuel efficiency, globalization of automotive supply chains..

The automotive pressure plate market size is expected to see strong growth in the next few years. It will grow to $71.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to focus on lightweight materials, increasing adoption of dual-clutch transmissions, emission standards and environmental concerns, demand in emerging automotive markets, continuous improvement in manufacturing processes.. Major trends in the forecast period include development of lightweight and high-performance materials, integration of advanced friction materials, focus on modular and serviceable pressure plate designs, adoption of self-adjusting pressure plate technology, application of finite element analysis (fea) for design optimization..

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Market Segmentation:
The automotive pressure plate market covered in this report is segmented -
1) By Product Type: Coil Spring Type, Diaphragm Type
2) By Clutch Type: Single Plate Friction Clutch, Multiplate Friction Clutch, Cone Clutch
3) By Vehicle Type: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket

Major Driver - Rising Demand for Passenger Cars Drives Growth in the Automotive Pressure Plate Market
Increasing demand for passenger cars is expected to propel the growth of the automotive pressure plate market going forward. Passenger cars are vehicles designed primarily for the transportation of passengers and typically carry a small number of people, ranging from one to five. The automotive pressure plate is crucial to a passenger car's clutch system. It is responsible for applying pressure to the clutch disc, allowing for smooth engagement and disengagement of power from the engine to the transmission. For instance, in February 2023, according to the European Automobile Manufacturers Association, a Belgium-based standards group for the automobile industry in the European Union, more than 68 million passenger cars were manufactured worldwide in 2022, an increase of 7.9% from a year earlier. Furthermore, in 2022, according to the International Organization of Motor Vehicle Manufacturers, a France-based trade association, global passenger car sales increased from 56,473,803 units in 2021 to 57,485,378 units in 2022, representing a growth of 1.79%. Therefore, the increasing demand for passenger cars is driving the growth of the automotive pressure plate market.

Competitive Landscape:
Major companies operating in the automotive pressure plate market report are ZF Friedrichshafen AG , Aisin Seiki Co. Ltd., Valeo, Schaeffler AG, BorgWarner Inc., EXEDY Corporation, ANAND Group, OS Giken, Twin Disc Inc., ASK Automotive Pvt. Ltd., Raicam Clutch Ltd., Setco Automotive Ltd., AP Racing, Speedway Motors Inc., RSM Autokast Ltd., AMS Automotive LLC, McLeod Racing, Quarter Master, Advanced Clutch Technology, Apls Automotive Industries Pvt. Limited, California Custom Clutch Corporation, Clutch Masters, Fidanza Performance, Phoenix Friction Products, RAM Clutches, SPEC Clutches, Hays Clutches, Centerforce Clutches, Macas Automotive Ltd.

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