The global automotive clutch market is anticipated to witness considerable growth owing to technological advancements in automotive industry coupled with increasing demand for electric vehicles. The main factors driving automotive clutch market include rising number of vehicles purchased owing to buyers’ preferences towards alternative modes of transmission that make driving comfortable. These modes consist of fully automatic and semi-automatic transmission systems. However, rising demand for reliable and sophisticated electric vehicles is expected to hamper market growth over the forecast period. Moreover, vehicles sale has increased owing to rising consumer disposable income, which is also expected to favorably impact market growth. Low fuel-efficiency of automobiles equipped with automatic transmission systems is anticipated to be a main challenge to the automotive clutch market.
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The market can be segmented on the basis of clutch disc sizes into less than nine inches, nine to ten inches, ten to eleven inches, and above eleven inches. The automotive clutch market is segmented on the basis of types of transmission such as Automatic Transmission (AT), Continuously Variable Transmission (CVT), Automated Manual Transmission (AMT), and Manual Transmission (MT). Increasing demand for vehicles is anticipated over the upcoming years in the Asia Pacific region, particularly in countries such as India, Japan, South Korea, and China. Continuous development in the automotive clutch market is primarily expected to be based on the penetration of full-automatic transmissions that can substitute clutches by torque converters. Development of clutch less transmission systems provide avenues for market growth. Further, clutch less transmission systems are more cost effective against conventional automatic systems.
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The automotive clutch market in the North America and Asia-Pacific region is projected to witness a high growth potential, owing to rising manufacturing volume of passengers’ cars. Additionally, OEMs have augmented their existing manufacturing abilities to cater to the increasing demands within these regions. This has driven the growth of automotive industries and resulted in a major increase in the demand for automotive clutch in these regions. The key market players include Valeo S.A., Schaeffler AG, ZF Friedrichshafen AG, Clutch Auto Ltd., Eaton Corporation Plc., BorgWarner Inc., EXEDY Corporation, FCC Co. Ltd., Aisin Seiki Co. Ltd., and NSK Ltd.
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