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According to IMARC Group’s latest report, titled “Automotive Clutch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automotive clutch market reached a value of US$ 11.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2027, exhibiting a CAGR of 5.54% during 2022-2027. An automotive clutch represents a mechanical device located between the engine and transmission system of a vehicle. It is placed to transfer power from the engine and help the user in shifting gears. The automatic clutch engages and disengages the engine with a gearbox that rotates at varying speeds. The primary clutch mechanism includes numerous components, such as pilot bushing, flywheel, crankshaft, clutch disk, pressure plate, a throw-out bearing, etc. Both manual and automatic vehicles have automatic clutches to prevent generating friction between gears or any damage caused by them.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The rapidly expanding automotive industry and the escalating demand for electric vehicles across the globe are among the key factors driving the automotive clutch market. In line with this, various technological advancements in the automotive industry and the shifting consumer preferences from manual to semi-automatic or fully automatic transmission systems in vehicles are further bolstering the market growth. Additionally, extensive research and development (R&D) activities and the rising need for fuel-efficient automotive systems are leading to the production of improved and advanced clutches, such as Dual Clutch Transmission (DCT) systems. This is acting as another significant growth-inducing factor. Besides this, several original equipment manufacturers (OEM) are increasing their production capacities by introducing innovative facilities to meet the accelerating demand. This, along with the growing purchasing power of consumers, is anticipated to stimulate the automotive clutch market over the forecasted period.
Automotive Clutch Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive clutch market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global automotive clutch market on the basis of vehicle type, transmission type, clutch type, clutch disk/plate size, distribution channel, material type and region.
Breakup by Clutch Disk/Plate Size:
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Key Highlights of the Report:
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