Acumen Research & Consulting estimates that global Automotive Clutch market is expected to reach the market value of around US$ 20 Bn by 2027 and is anticipated to grow at a CAGR of around 8.3% in terms of revenue during the forecast period 2020 – 2027.
An automotive clutch connects and disconnects manual transmission to the engine. A clutch for transmission of power between two shafts is used in the automobile. The automotive engine spins constantly. In order to provide synchronization between the spinning engine and non-spinning transmission, the wheel must be disconnected. The motor is separated from the wheels by means of clutches. The demand for automotive drive systems is projected to increase significantly in the near future with the increasing car sales, demand for efficient transmission modes and sophisticated cars. This will in turn lead to the growth of the car clutch and thus to the worldwide growth of the car holder market. For starters, the driver can easily swap the gear entirely automatically or sequentially, without using the clutch, by automated manual transmission (AMT). Worldwide clutch producers have developed high quality products to attenuate different car manufacturers' technological requirements.
The report provides analysis of global Automotive Clutch market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The rising automotive demand is projected to fuel sales growth on the world automotive seal market in emerging and developed economies over the forecast period. Improved buying power, improved living standards and urbanization are some of the factors leading to the car industry's growth, while fostering the development of the global target market over the long term. In addition, the target market is also expected to increase factors such as increased research and development activities and increasing concerns regarding vehicle safety. In fact, cars with Automated Manual Transmission systems worldwide are expected to fuel sales growth in the consumer market because of their better price compared with cars fitted with Automated Transmission (AT). Moreover, the need to introduce upgraded and automated systems such as dual-class transmission (DCT), as well as tight regulations and rules concerning vehicle safety requirements and emissions standards, facilitates the creation of profitable prospects for the growth of the target market in the forecast timeframe.
In terms of region, the Asia Pacific is estimated to grow significantly
Asia Pacific is expected to dominate the car frequency friction market over the forecast time period owing The bulk of car sales in the region and technical developments, such as dual clutch transmission system and automatic, manual transmission systems, lead to the industry 's rise in this area. Throughout emerging economies such as China and India, the rise of the automobile manufacturing industry is pushing the car bottleneck market. Other factors such as the introduction of cheaper manual transmission clutches and customer preference for comfortable mode of transmission also contribute to the market growth. Throughout the North America increased car purchasing and moving towards electric cars are factors that add to competition on the embrace market. Further, The North American region represents a modest share of sales in the world economy and is predicted to rise steadily over the expected period. This is attributed largely to increased car purchasing in the United States and Canada. Owing to the presence in Europe of a growing number of car manufacturers, the automotive clutch market is projected to rise more rapidly over the forecast period.
The market research study on “Automotive Clutch Market (Automotive Clutch Market By Type: Automatic, Manual, AMT, Other; Automotive Clutch Market By Vehicle: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Clutch market entailing insights on its different market segments.
The global Automotive Clutch market is segmented as below:
Automotive Clutch Market By Type
Automotive Clutch Market By Vehicle
Automotive Clutch Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Magneti Marelli., ZF Friedrichshafen, F.C.C. Co. Ltd, Schaeffler, NSK Ltd, Clutch Auto Limited, Eaton Corporation PLC, Valeo, Borgwarner Inc, and Aisin Seiki Co. Ltd., Torotrak, Fiat, and Others.
The market value of Automotive Clutch is anticipated to be around US$ 20 Bn in 2027.
It is anticipated to grow around 8.3% CAGR amid the forecast period 2020-2027.
Asia Pacific held maximum share in 2019.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Growth in vehicle production & sales is a key driver of the market.
Magneti Marelli., ZF Friedrichshafen, F.C.C. Co. Ltd, Schaeffler, NSK Ltd, Clutch Auto Limited, Eaton Corporation PLC, Valeo, Borgwarner Inc, and Aisin Seiki Co. Ltd., Torotrak, Fiat, and others are the prominent players in the Automotive Clutch Market.
The report provides insights on global Automotive Clutch Market segment by type, by vehicle and geography.