Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.45 Billion | USD 19.55 Billion | 6.12% | 2023 |
The global clutch market size was evaluated at $11.45 billion in 2023 and is slated to hit $19.55 billion by the end of 2032 with a CAGR of nearly 6.12% between 2024 and 2032.
The study includes drivers and restraints of the clutch market for automotive along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive clutch market on a global level.
In order to give the users of this report a comprehensive view of the clutch market for automotive, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the clutch market for automotive has also been included.
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.
The growing innovation within the automotive industry has led to significant growth in the clutch market for automotive globally. A clutch allows a smooth start, facilitates shaft, prevents transmission overload, and decreases the impact of torsional vibrations. 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. The availability of low-priced manual transmission clutches in comparison to torque converters with automated transmission feature is further predicted to fuel this global market.
Furthermore, consumer preference for extra convenient modes of transmission with a growing call for passenger motors in developing economies is predicted to further spur the market over the forecast time period. However, increasing penetration of automatic transmission vehicles may hinder the clutch market for automotive.
The global clutch market for automotive is segmented based on type, transmission type, material type, sales channel, vehicle type, and region.
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. The material type segment is segmented into ceramic, organic, and others. The sales channel segment includes OEM and aftermarket. By vehicle type, the clutch market for automotive includes commercial and passenger vehicles.
The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Report Attributes | Report Details |
---|---|
Report Name | Clutch Market Research Report |
Market Size in 2023 | USD 11.45 Billion |
Market Forecast in 2032 | USD 19.55 Billion |
Growth Rate | CAGR of 6.12% |
Number of Pages | 218 |
Key Companies Covered | 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 |
Segments Covered | By Type, By Transmission Type, By Material Type, By Sales Channel, By Vehicle Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
By region, 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.
The global clutch market profiles key players such as:
Clutch Market for Automotive: Type Analysis
Clutch Market for Automotive: Transmission Type Analysis
Clutch Market for Automotive: Material Type Analysis
Clutch Market for Automotive: Sales Channel Analysis
Clutch Market for Automotive: Vehicle Type Analysis
Clutch Market for Automotive: Regional Analysis
FrequentlyAsked Questions
A clutch is a mechanical device utilized, particularly in automobiles, to engage or disengage the power transmission. By providing control over the power transfer from the engine to the transmission, it enables the driver to engage in gear changes and come to a complete halt without the need to deactivate the engine.
The automotive sector significantly influences the clutch market. Automobile production and sales have a substantial impact on clutch distribution. The clutch market can be substantially influenced by developments in automatic and semi-automatic transmissions, consumer preferences for vehicle types, and the transition towards electric vehicles. Market expansion can be propelled by advancements in clutch technology, including the creation of advanced friction materials, more resilient and efficient materials, and refinements to the overall design of clutches. Manufacturers who adopt and integrate technological advancements potentially gain a competitive advantage.
The global clutch market size was evaluated at $11.45 billion in 2023 and is slated to hit $19.55 billion by the end of 2032.
The global clutch market with a CAGR of nearly 6.12% between 2024 and 2032.
The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed