New York, NY, April 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Clutch Market for Automotive By Type (Wet Clutch and Dry Clutch), By Transmission Type (Automatic, Manual, Automated Manual, and Dual Clutch), By Material Type (Ceramic, Organic, and Others), By Sales Channel (Aftermarket and OEM), and By Vehicle Type (Commercial and Passenger): Global industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’ . According to the report, the global clutch market for automotive was valued at around USD 9,913 million in 2018 and is expected to reach approximately USD 15,571 million by 2025, at a CAGR of 6.7% between 2019 and 2025.
A mechanical device that connects the driving shaft to the shaft that is driven to start or stop the driven shaft according to the driver without stopping the driving shaft is called a clutch. The clutch provides an uninterrupted connection between the two rotating shafts.
Browse through 138 Tables & 34 Figures spread over 110 Pages and in-depth TOC on “Global Clutch Market for Automotive: By Type, Industry Size, Share, Trends, Applications, Segments, Analysis and Forecast, 2018–2025”.
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The growing innovation within the automotive industry has led to significant growth in the clutch market for automotive globally. Stringent carbon emission norms and a need for fuel-efficient vehicles are contributing significantly toward the growth of the clutch market for automotive globally. Moreover, technological advancements with the dual clutch transmission technology are also anticipated to drive the global clutch market for automotive. However, increasing penetration of automatic transmission vehicles may hinder the clutch market for automotive.
By transmission type, the clutch market for automotive is divided into automatic, manual, automated manual, and dual clutch. The Dual-Clutch Transmission (DTC) technology is also referred to as twin-clutch transmission that is a type of manual transmission. By type segment, the market is segmented into the wet clutch and dry clutch. The dry clutch segment is expected to dominate the market, owing to the various advantages that it offers in comparison to wet clutches, such as the ability to handle more power than a wet clutch, high coefficient of friction, and reduced transmission power loss.
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The material type segment is segmented into ceramic, organic, and others. The ceramic segment consists of tin, iron, copper graphite, and bronze. Ceramic can withstand heat up to 1000°F and thus they are used for various applications, such as high-end racing bikes. On the other hand, organic material is stronger than molded facing, which translates to better life and performance for clutches. It can withstand less heat and is wear-resistant, it is meant for performance (smooth engagement and strength) and not racing. The ceramic segment will grow substantially and contribute notably toward the clutch market for automotive globally. By vehicle type, the clutch market for automotive includes commercial and passenger vehicles.
North America is likely to experience considerable market growth over forecast timeline, owing to the early adoption of automotive clutches and rising consumer preferences toward high performance and high-end vehicles. The presence of two developed economies, such as the U.S. and Canada, has a great impact on the sales and new innovation of automotive clutches in the region. Moreover, the region is expected to witness a significant flow of investments in the automotive sector, thereby significantly contributing to the clutch market for automotive.
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The European market is predicted to grow at a substantial rate in the future, owing to the presence of renowned market players, such as ZF Friedrichshafen AG, Schaeffler Technologies AG & Co. KG, and FTE Automotive. Furthermore, the rising automotive R&D activities witnessed in the European Union are expected to further drive the clutch market for automotive in the upcoming years. Germany is likely to hold a considerable market share in the region, due to its globally renowned automobile industry. The European automobile industry is slated to be the largest investor in research and development activities which will further spearhead the growth of the clutch market for automotive in Europe.
Asia Pacific is projected to hold a significant share of the clutch market for automotive globally. Over the projected time period, the market demand in the Asia Pacific region is anticipated to accelerate tremendously, owing to the increasing investments made in the automotive sector of developing countries, such as India and China. Furthermore, the increasing standards of living of people and growing inclination toward automation are also driving the region’s clutch market for automotive. Rapid industrialization, flourishing IT industry, migration toward urban regions for better jobs and exponentially rising population require effective modes of daily commutation or transport. This will further accelerate the demand for commercial vehicles and passenger vehicle, thereby fuelling the region’s clutch market for automotive.
Browse the full “Clutch Market for Automotive By Type (Wet Clutch and Dry Clutch), By Transmission Type (Automatic, Manual, Automated Manual, and Dual Clutch), By Material Type (Ceramic, Organic, and Others), By Sales Channel (Aftermarket and OEM), and By Vehicle Type (Commercial and Passenger): Global industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/clutch-market
In Latin America, the market demand is mainly propelled by the emerging stringent car manufacturing safety regulations mandated by the government. Brazil is projected to contribute a substantial market share in the region, owing to the growing production of cars. According to a study, car production in Brazil averaged nearly 109,326 units from 1957 to 2018.
Improving economic recovery after the global recession in 2009 has surged the demand for commercial and passenger cars in the Middle East and Africa. Volkswagen has announced its plan to assemble vehicles in Ethiopia, which is likely to surge the market growth in the Middle East and Africa.
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Some key participants operating in the global clutch market for automotive are Schaeffler AG, Robert Bosch GmbH, Secto Automotive, Valeo, BorgWarner Inc., AISIN SEIKI, ZF Friedrichshafen AG, F.C.C. Co., Ltd., EXEDY Corporation, FTE Automotive, and AMS Automotive.
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This report segments the global clutch market for automotive into:
Clutch Market for Automotive: Type Analysis
- Wet Clutch
- Dry Clutch
Clutch Market for Automotive: Transmission Type Analysis
- Automatic
- Manual
- Automated Manual
- Dual Clutch
Clutch Market for Automotive: Material Type Analysis
- Ceramic
- Organic
- Others
Clutch Market for Automotive: Sales Channel Analysis
- Aftermarket
- OEM
Clutch Market for Automotive: Vehicle Type Analysis
- Commercial
- Passenger
Clutch Market for Automotive: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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