Press release
Automotive Clutch Market to Develop Rapidly by 2025
Increase in demand for fuel efficiency, stringent emission norms enacted by governments, rise in demand for passenger and commercial vehicles across the globe, continuous research & development in clutch technology, and increase in demand for dual cultch transmission systems and automated manual transmission systems are major factors that are likely to drive the automotive clutch market during the forecast period. Continuous development in the field of autonomous vehicles and electric vehicles is anticipated to hamper the automotive clutch market during the forecast period.
The automotive clutch market can be segmented based on transmission, clutch type, vehicle type, sales channel and region. Based on transmission, the market can be classified into automatic transmission and manual transmission. Increasing demand for automatic transmission, owing to fuel efficiency, safety, driving comfort, and low emission is likely to drive the automotive clutch market during the forecast period. Rising demand for dual clutch transmission systems and automated manual transmission systems is likely to drive the automotive clutch market during the forecast period.
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Based on clutch type, the automotive clutch market can be classified into dog clutch, friction clutch, hydraulic clutch, and others. Every type of clutch has its own characteristics, and according to the requirement and the functions, different types of clutches are utilized in vehicles.
Based on vehicle type, the automotive clutch market can be segregated into passenger vehicles and commercial vehicles. There has been an increase in demand for passenger vehicles across the globe. Countries in North America and Europe having stable economic conditions, high percentage of urbanization, and increase in per capita income. These factors are anticipated to drive the passenger vehicle market across the globe. Developed countries are witnessing an increase in demand for automated manual transmission in light vehicles, owing to their high fuel efficiency and advanced technology. Considering all these factors, the passenger vehicles segment is anticipated to dominate the automotive clutch market during the forecast period.
Based on sales channel, the automotive clutch market can be segmented into OEMs and aftermarket. Aftermarket segment is likely to dominate the clutch market owing to number of major suppliers are providing their service. Cost, quick service and availability is also drive the aftermarket segment in forecast period.
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Based on region, the automotive clutch market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a major share of the global automotive clutch market. After North America, Asia Pacific holds a major share of the global automotive clutch market. In terms of revenue, Asia Pacific is anticipated to hold a major share of the global automotive clutch market during forecast period, owing to the high production of passenger vehicles in the region.
Increase in demand for automated manual transmission and automatic transmission in countries such as India and China is likely to drive the automotive clutch market in this region during the forecast period. The automotive clutch market in Europe and North America is likely to expand at a steady pace during the forecast period, owing to the high rate of adoption of automated manual transmission systems.
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Key players operating in the global automotive Clutch market include Schaeffler AG, ZF Friedrichshafen AG, BorgWarner Inc., EXEDY Corporation, Eaton Corporation Plc., CLUTCH AUTO LIMITED, Setco Automotive Ltd., MKAUTOINDIA, APLS Automotive Industries Pvt. Ltd., and COMPETITION CLUTCH.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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