Asia-Pacific is to Dominate the Automotive Clutch Pressure Plate Market through 2026
Surge in the preference for increased driving comfort
and growing demand for luxury vehicles is expected to drive the demand for global
automotive clutch pressure plate market for the forecast period.
According to TechSci Research report, “Global Automotive
Clutch Pressure Plate Market By Vehicle Type (Two-Wheeler, Passenger Car,
Light Commercial Vehicle, Medium & Heavy Commercial Vehicle Market) By
Demand Category (OEM vs Replacement) By Product Type (Coil Spring Type,
Diaphragm Type) By Company, By Region, Forecast & Opportunities, 2026”,
the global automotive clutch pressure plate market is expected to witness
significant growth in the forecast period. The type of automotive clutch
pressure plates used depends on the type of clutch system installed in the
automobiles and the vehicle type. Automotive clutch pressure plates are usually
installed in friction clutches which can be either be a single plate,
multi-plate, or cone clutches. The automotive clutch pressure plates can be
manufactured by using cast iron or stainless steel. These have higher fuel
economy than the manual clutch pressure plate and thereby are in high demand to
be installed in automobiles.
Since the onset of the pandemic COVID-19, the lockdown was imposed all
around the globe to fight the novel coronavirus. The government and leading
authorities released precautionary guidelines and safety precautions to save
people across the world. Manufacturing units were shut down and people migrated
to their homes which resulted in a shortage of skilled worker force at the
manufacturing units. The automotive industry got significantly impacted which
resulted in the decline of automobile sales. The restrictions imposed by the
leading authorities in the import and export activities adversely affected the
supply chain which resulted in the supply of raw materials at the manufacturing
facilities. After the lifting of lockdown and the offering of relaxations by
the leading authorities, the global automotive clutch pressure plate market is
expected to pick up the pace eventually in the next five years.
However, a lack of knowledge about the functionality of clutch pressure
plates and the growing demand for electric vehicles may create a hindrance in
the automotive clutch pressure plate market growth in the next five years.
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The global automotive clutch pressure plate
market is segmented into vehicle type, demand category, product type, regional
distribution, and company. Based on the product type, the market can be
bifurcated into coil spring type and diaphragm type. A coil spring-type clutch
exerts a force that increases with the deflection and a diaphragm-type clutch
exerts force when its shape is altered. Diaphragm clutch offers several
advantages including it is suitable for high speeds, is compact, have higher
pedal force. Based on the vehicle type, the market can be divided into
two-wheeler, passenger car, light commercial vehicle, medium & heavy
commercial vehicle market. The passenger car vehicle type segment is expected
to hold a major market share in the next five years. The rising population
around the globe and the improvement in the economic conditions is contributing
to the market growth. Based on the demand category, the market can be
categorized into OEM and replacement. The OEM segment is expected to witness significant
growth in the next five years. OEM market players are increasing their
production capacity to cater to the growing need of the rising population
around the globe. The high demand for quality products and the warranty
facility offered by the market players is contributing to the market growth.
Makino Auto Industries Private Limited,
Sassone SRL, Anand Group, APLS Automotive Industries Private Limited, Hebei
tengda auto parts co., ltd, Raicam Clutch Ltd, Macas Automotive, California
Custom Clutch Corporation, Setco Automotive Ltd, S. K. Auto Industries are the
leading players operating in global automotive clutch pressure plate market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several automotive clutch pressure plate
manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts for the technological
up-gradation of the existing infrastructure with the help of research and
development activities. The rise in the demand for fuel-efficient vehicles is
contributing to the development of advanced and improved clutches and the
market players are expanding their production capabilities along with adopting
attractive marketing strategies such as social media campaigns and hiring of
celebrities to increase the sales of automobiles is expected to propel the
market growth till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Automotive Clutch Pressure Plate Market By Vehicle Type (Two-Wheeler, Passenger
Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle Market) By
Demand Category (OEM vs Replacement) By Product Type (Coil Spring Type,
Diaphragm Type) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global automotive clutch
pressure plate market and provided statistics & information on market size,
shares, 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 the of global automotive
clutch pressure plate market.
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