Press release
Global Automotive Pressure Plate Market Worth $73.19 Billion by 2029, Growing at 4.8% CAGR
Automotive Pressure Plate Market Size
Automotive Pressure Plate Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size of the automotive pressure plate sector has shown robust growth in recent years. It is expected to surge from $57.7 billion in 2024 to $60.62 billion in 2025 with a compound annual growth rate (CAGR) of 5.1%. The rise in the historical period can be ascribed to the expansion of the automotive industry, growing rates of vehicle ownership, escalating mileage driven, the increasing demand for fuel-efficient vehicles and the internationalization of automotive supply chains.
What Is the Expected CAGR for the Automotive Pressure Plate Market Growth Through 2029?
Expectations indicate that the automotive pressure plate industry will experience a consistent increase in size over the upcoming years, eventually reaching a market size of $73.19 billion in 2029 with a 4.8% compound annual growth rate. The projected growth during this period can be ascribed to the rise in the use of lightweight materials, greater application of dual-clutch transmissions, ever stricter emission regulations and heightened environmental awareness, increased demand in up-and-coming automotive markets, and ongoing enhancements in manufacturing methods. Looking ahead, the future trends likely to define this period are the creation of lightweight yet high-performance materials, the incorporation of cutting-edge friction materials, an emphasis on modularity and serviceability in pressure plate designs, utilization of self-adjusting pressure plate technology, and the implementation of finite element analysis (fea) for improved design optimization.
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What Are the Primary Drivers Behind Automotive Pressure Plate Market Growth?
The rise in passenger car demand is predicted to fuel the automotive pressure plate market's expansion. Passenger cars, primarily designed to transport people and usually accommodating between one to five individuals, necessitate an automotive pressure plate, a key component of the car's clutch system. It's tasked with putting pressure on the clutch disc to ensure a smooth transition of power from the engine to the transmission. For example, in February 2023, the Belgium-based European Automobile Manufacturers Association reported that over 68 million passenger cars were produced globally in 2022, showing a growth of 7.9% compared to the previous year. Additionally, according to data from the International Organization of Motor Vehicle Manufacturers, based in France, global passenger car sales saw an uptick from 56,473,803 units in 2021 to 57,485,378 units in 2022, signifying a 1.79% growth. Hence, the escalating demand for passenger cars is spurring on the automotive pressure plate market.
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What Are the Key Segments Driving Automotive Pressure Plate Market Growth?
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), After market
Subsegments:
1) By Coil Spring Type: Single Coil Spring Pressure Plate, Multi Coil Spring Pressure Plate
2) By Diaphragm Type: Flat Diaphragm Pressure Plate, Conical Diaphragm Pressure Plate
What Are the Technological Trends Impacting the Automotive Pressure Plate Market?
Significant players in the automotive pressure plate industry are focusing on bringing innovative, advanced products to the market, such as the ADC-12 Alloy, to enhance both longevity and functioning under demanding conditions. ADC-12 Alloy, a high-grade aluminium alloy, has widespread application in die-casting, primarily in the automotive industry. As an application of this, in November 2023, Niterra India Private Limited, an Indian firm offering automotive components, unveiled its NTK Clutch Plates for two-wheeler motorcycles. Utilizing Aluminum ADC-12 alloy for these clutch plates provides superior strength and thermal conductivity, which ultimately results in enhanced durability, smoother gear changes, and overall performance improvements. Specifically engineered to minimize wear and tear, these clutch plates have an extended lifespan. These clutch plates ensure smooth performance, higher torque, improved acceleration and enhanced mileage. Furthermore, they assist in reducing clutch lever vibrations, making the riding experience more pleasant.
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Who Are the Major Competitors in the Global Automotive Pressure Plate Market?
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.
Which Region Dominates the Automotive Pressure Plate Market Share in 2025?
Asia-Pacific was the largest region in the automotive pressure plate market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive pressure plate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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