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Automotive Brakes And Clutches Market to Record 5.6% CAGR Growth Through 2029 | Global Analysis Report
Automotive Brakes And Clutches
Automotive Brakes And Clutches Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the market size of automotive brakes and clutches has consistently expanded. It is projected to increase from $26.65 billion in 2024 to $27.5 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.2%. This growth during the historic period is credited to factors such as the onset of automobile development, increase in vehicle mass and speed, adoption of hydraulic brake systems, the need for enhanced safety features, and advancements in automotive manufacturing processes.
Automotive Brakes And Clutches Market Forecast: What Size Will It Reach By 2029?
In the upcoming years, the market size for automotive brakes and clutches is set to significantly expand. It's anticipated to swell to a value of $34.24 billion in 2029, showing a compound annual growth rate (CAGR) of 5.6%. This projected growth during the forecast period can be credited to multiple factors, including the electrification of vehicles, the invention of intelligent braking systems, focus on energy retrieval systems, ongoing emphasis on safety, and autonomous driving. Notable trends predicted for this period range from wire-based brake systems and recuperative braking technologies, to lightweight, highly efficient brake materials, and incorporation with advanced driver support systems (ADAS), all the way to compact and modular clutch designs.
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Which Key Market Drivers Will Shape Automotive Brakes And Clutches Industry Trends in 2025-2029?
The booming car industry is anticipated to fuel the expansion of the automotive brakes and clutches market in the future. The term "automotive industry" encompasses all commercial activities connected with the manufacturing of vehicles, including key components like engines, bodywork, tires, and batteries. The flourishing car industry escalates the requirements for automotive brakes and clutches, as these are vital parts of any vehicle. To illustrate, in 2024, a UK-based firm known as the Automotive Industry revealed that in April 2024, new car registrations in the UK saw a rise for the 21st straight month, albeit a slight one of 1.0%, cumulating the total to 134,274 units. Hence, the prospering automotive industry is propelling the upward trend of the automotive brakes and clutches market.
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What Are the High-Growth Segments in the Automotive Brakes And Clutches Market?
The automotive brakes and clutches market covered in this report is segmented -
1) By Product: Original Equipment Manufacturer (OEM), After market
2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
4) By Application: Passenger Car, Commercial Vehicle
Subsegments:
1) By Original Equipment Manufacturer (OEM): OEM Brake Systems, OEM Clutch Systems
2) By After market: After market Brake Pads, After market Brake Rotors, After market Brake Calipers, After market Clutch Kits, After market Clutch Discs
Which Global Trends Are Driving Automotive Brakes And Clutches Market Expansion?
Leading entities in the automotive brakes and clutches market are prioritizing the development of breakthrough solutions like automatic clutch systems. These advancements aim to amplify driving ease, refine vehicle performance, and decrease fuel usage, in response to the escalating demand for state-of-the-art automotive technologies. An automatic clutch system embodies a technology that automates the clutch's engagement and disengagement process in vehicles, which obviates the necessity for a manual clutch pedal. For example, Bayerische Motoren Werke AG, a premium vehicles firm based in Germany, introduced the Automated Shift Assistant (ASA), a groundbreaking automatic clutch system for large adventure motorcycles including the forthcoming R 1300 GS and R 1300 GS Adventure, in May 2024. The ASA employs electromechanical actuators to execute clutch engagement and gear shifting automatically, facilitating a more fluid ride with two functioning modalities: manual mode (for conventional shifting) and automatic mode (for uninterrupted gear alterations). The ASA enriches the riding encounter by mitigating shift shock and averting engine stalling, while incorporating with hi-tech safety features like Active Cruise Control.
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Who Are the Fastest-Growing Companies in the Automotive Brakes And Clutches Industry?
Major companies operating in the automotive brakes and clutches market include FCC Co. Ltd., BorgWarner Inc., NSK Ltd., Valeo Service Group, Robert Bosch GmbH, Brembo SpA, Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co. Ltd., Exedy Corporation, Eaton Corporation, Aisin Seiki Co. Ltd., Autoliv Inc., Tenneco Inc., Mando Corporation, Knorr-Bremse AG, Wabco Holdings Inc., Haldex AB, Meritor Inc., Hitachi Automotive Systems Ltd., Nissin Kogyo Co. Ltd., Advics Co. Ltd., Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, TRW Automotive Holdings Corp., Delphi Technologies plc, Charlotte Baur Formschaumtechnik GmbH, Woco Industrietechnik GmbH, Roechling Group, Erlingklinger AG
What Is the Regional Outlook for the Automotive Brakes And Clutches Market by 2029?
North America was the largest region in the automotive brakes and clutches market in 2024. The regions covered in the automotive brakes and clutches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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