Press release
Clutch Market for Automotive will generate new growth opportunities by 2024
Global Clutch Market for Automotive: Overview
The clutch is a mechanically operated device. It is engaged in the connection and disconnection of power transmission between two shafts. The clutch is used in the automobile mainly for power transmission between driving shaft to driven shaft. Clutch disconnects the synchronization between spinning engine and wheels in order to put them into the non-spinning transmission.
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Global Clutch Market for Automotive: Growth Factors
Growing automobile sector is expected to boost the global clutch market growth for automotive in near future. Consumer demand for proficient transmission modes is anticipated to witness growth in the future. Escalating demand for the automotive drive train system is further expected to contribute to the global market growth. Companies’ focusing to offer high-quality products may also impact the market in a positive way. Furthermore, changing lifestyle and increasing spending power also enhance the growth of the clutch market for automotive. Conversely, automatic transmission vehicles may restrain the global automotive clutch market growth in near future.
Global Clutch Market for Automotive: Segmentation
The clutch market for automotive is categorized based on clutch type as semi-centrifugal clutch, electro-magnetic clutch, friction clutch, vacuum clutch, dog clutch, hydraulic clutch, and centrifugal clutch. However, friction clutch segment is sub-segmented as cone clutch, plate clutch, and multi-plate clutch. The global market is further segmented on the basis of clutch size into 0–9 inch disc, 9–10 inches disc, 10–11 inches disc, and 11 and above disc. Furthermore, the clutch market for automotive is bifurcated on the basis of transmission type as continuously variable transmission, manual transmission, automatic transmission, and automated manual transmission.
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Global Clutch Market for Automotive: Regional Analysis
Geographically, the global clutch automotive market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific accounts for highest market share in the global market. Growing niche market in India, China, and Japan for automobiles and automotive parts is expected to fuel the global clutch automotive market growth in the near future. Consumer inclination for AMT systems automobiles is anticipated to boost the growth of the global clutch market for automotive. South Korea is also showing a considerable growth in the global market. However, growing urbanization and increasing financial stability are projected to enhance the automotive clutch market growth.
Global Clutch Market for Automotive: Competitive Players
The major industries operating in the global clutch market for automotive are Magneti Marelli, F.C.C. Co. Ltd., Aisin Seiki Co. Ltd., NSK Ltd., ZF Friedrichshafen, Borgwarner Inc., Exedy Corporation, Fiat, Eaton Corporation PLC, Torotrak, Schaeffler, Clutch Auto Limited, and Valeo. Many major players in the global market are opting for new strategies, mergers, and acquisitions in order to expand their market share. For instance, Valeo SA, France’s second-biggest auto-parts maker, acquired the German clutch maker FTE Automotive GmbH from Bain Capital, Boston-based buyout firm. This agreement is settled for $914 Million.
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