Automotive Passenger Car Clutch Plate Market to Grow with a CAGR of 8.8% Globally through to 2028
Increasing Global Automotive Production
and Sales, Technological
Advancements in Automotive Clutch Systems, Growing Adoption of Electric
and Hybrid Vehicles are factors driving the Global Automotive Passenger Car
Automotive Clutch Plate market in the forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Passenger Car Clutch Plate Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automotive Passenger Car Clutch
Plate Market stood at USD 3 billion in 2022 and is anticipated to grow with a
CAGR of 8.8% in the forecast period, 2024-2028. A motorized mechanism called a clutch is
used to disconnect and reconnect the power transmission from one driven shaft
to another. The automotive clutch, which transfers power between two shafts, is
a crucial component of the automobile. The engine and manual transmission are
connected and disconnected by an automobile clutch. Since an automobile's
engine rotates constantly when the vehicle is in motion, the wheel must be
removed to provide a systematic balance between the rotating engine and the
stationary gearbox. Additionally, the motor and wheels can be disconnected
using clutches. Over the projection period, it is anticipated that the rise in
urbanization and the rising demand for advancement in the vehicle sector will
fuel demand for automotive clutches. The market's expansion is predicted to be
fueled by the availability of torque converters with automatic transmissions as
an alternative to low-cost manual transmission clutches. Additionally, the
market is anticipated to be driven by rising consumer preference for more
practical modes of transportation and rising demand for passenger automobiles
in emerging nations. The market's expansion is expected to be hampered by
factors including the torque converter’s replacement of the manual clutch in
automatic transmission systems and the low fuel efficiency of automobiles using
automotive clutches.
Browse over market data Figures spread through 180
Pages and an in-depth TOC on "Global Automotive
Passenger Car Clutch Plate Market.”
The global automotive industry has witnessed
significant growth and transformation over the years, with passenger cars being
one of the key segments driving this evolution. One crucial component that
plays a vital role in the functioning of a passenger car's transmission system
is the automotive clutch plate. The clutch plate is an essential part of the
clutch assembly, allowing the driver to engage or disengage the engine's power
from the transmission to change gears smoothly. In this comprehensive analysis,
we will delve into the intricate details of the global automotive passenger car
automotive clutch plate market, examining its current status, growth drivers,
challenges, key players, and future prospects.
The global automotive passenger car automotive clutch
plate market is influenced by several dynamic factors that shape its growth
trajectory. One of the primary drivers of this market is the increasing
production and sales of passenger cars worldwide. As urbanization continues to
rise, the demand for personal transportation has surged, leading to a
substantial increase in passenger car sales. Consequently, the need for
automotive clutch plates, which are a crucial component in these vehicles, has
grown substantially.
Furthermore, technological advancements in the
automotive industry have led to the development of advanced clutch plate
materials and designs. These innovations have resulted in improved performance,
reduced wear and tear, and enhanced fuel efficiency, further boosting the
demand for automotive clutch plates. Additionally, the growing preference for
automatic transmissions in passenger cars has not diminished the importance of
clutch plates but has instead driven the development of more sophisticated and
efficient systems.
Environmental concerns and stricter emission
regulations have encouraged automotive manufacturers to focus on lightweight
materials and components to reduce the overall vehicle weight and improve fuel
efficiency. Clutch plate manufacturers have responded by developing lightweight
yet durable materials, such as carbon fiber and advanced composites, to meet
these demands. This shift towards eco-friendly and fuel-efficient solutions has
positively impacted the market for automotive clutch plates.
Challenges in the global automotive passenger car
automotive clutch plate market include intense competition among market
players, fluctuating raw material prices, and the increasing trend of electric
and hybrid vehicles. Electric vehicles (EVs) and hybrid vehicles do not require
traditional clutch systems, which could potentially affect the demand for
clutch plates in the long term. However, the market has adapted by focusing on
supplying clutch plates for hybrid powertrains and exploring opportunities in
the EV sector, such as electric motorcycles and e-bikes.
Major companies operating in Global Automotive Passenger
Car Clutch Plate Market are:
- ZF Friedrichshafen AG
- BorgWarner Inc
- Valeo S.A
- Eaton Corporation Plc
- FCC Co. Ltd
- Clutch Auto Ltd.
- Schaeffler AG
- EXEDY Corporation
- NSK Ltd
- Aisin Seiki Co. Ltd
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“The global
automotive passenger car automotive clutch plate market plays a pivotal role in
the seamless operation of passenger vehicles. These critical components enable
smooth gear transitions by engaging and disengaging the engine's power from the
transmission. With the automotive industry's continual growth, driven by
increasing urbanization and personal mobility demands, the demand for clutch
plates remains robust. Technological advancements, such as lightweight
materials and improved designs, enhance fuel efficiency and overall vehicle
performance. However, the industry faces challenges from electric and hybrid
vehicles, necessitating adaptations to serve these emerging markets. Key
players in this competitive landscape continually innovate to meet evolving
industry standards and consumer preferences, making the automotive clutch plate
market a dynamic and essential sector within the global automotive industry.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Automotive
Passenger Car Clutch Plate Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Type (Less than 9 inches, 9.1 to 10
inches, 10.1 to 11 inches, More than 11 inches), By Demand Category (OEM,
Aftermarket) By Region, By Competition,
2018-2028”, has evaluated
the future growth potential of Global Automotive Passenger Car Clutch Plate Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Automotive Passenger Car Clutch Plate Market.
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