Global Clutch Market, By Type (Manual Transmission, Automatic Transmission, Automated Manual Transmission, Continuously Variable Transmission), Clutch Type (Dog Clutch, Friction Clutch, Centrifugal Clutch, Semi Centrifugal Clutch, Hydraulic Clutch, Vacuum Clutch, Electro-Magnetic Clutch), Clutch Plate Size (Below 9 Inches, 9 Inches to 10 Inches, 10 Inches to 11 Inches and 11 Inches and above), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Sales Channel (Aftermarket, OEM) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Clutches are considered a crucial part of both manual and automatic vehicles. A manually operated gearbox incorporates of a single clutch. However, automatic transmission vehicle possesses multiple clutches. These devices prevent generation of friction between gears and damages that may be caused by them.
Global Clutch Market was valued at USD 12154.51 million in 2021 and is expected to reach USD 20419.86 million by 2029, registering a CAGR of 6.70% during the forecast period of 2022-2029. “Passenger Vehicles” accounts for the largest vehicle type segment in the respective market owing to the high consumer preference for economic vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Automotive clutch, used for power transfer between two shafts, is an integral part of the automotive drivetrain system. Clutches are used to transfer power to driven shaft between driving shafts and to separate the spinning motor from wheels.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Manual Transmission, Automatic Transmission, Automated Manual Transmission, Continuously Variable Transmission), Clutch Type (Dog Clutch, Friction Clutch, Centrifugal Clutch, Semi Centrifugal Clutch, Hydraulic Clutch, Vacuum Clutch, Electro-Magnetic Clutch), Clutch Plate Size (Below 9 Inches, 9 Inches to 10 Inches, 10 Inches to 11 Inches and 11 Inches and above), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Sales Channel (Aftermarket, OEM)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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BorgWarner Inc (US), Schaeffler Group (Germany), ZF Friedrichshafen AG. (Germany), Valeo (France), Eaton Corporation (US), AISIN SEIKI Co., Ltd. (Japan), EXEDY Corporation, C.C. Co., Ltd. (Japan), Clutch Auto Ltd. (India), NSK (Japan), AMS Automotive. (US), FTE automotive (Germany), Setco Automotive Limited (India), Robert Bosch GmbH (Germany), Schaeffler Group (Germany), Torotrak (UK), Fiat (Italy), Magneti Marelli (Italy), Eaton Corporation (Ireland), and Jatco (Japan), among others
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Market Opportunities
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Clutch Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Vehicle Production
The increase in the demand for high performance and reliability of automobiles among consumers acts as one of the major factor driving the growth of clutch market. The rise in demand for these enhanced vehicles escalate vehicle production.
- Change in Consumer Preferences
The change in the buying preferences of consumers accelerate the market growth. An automotive clutch is known to be an integral part of passenger vehicles that offer various comfort features to consumers.
- Electric Vehicle (EV) Sales
The increase in the electric vehicle (EV) sales across the globe further influence the market. The consumer preference is rapidly inclining towards passenger and commercial electric vehicle (EV) due to the rising environmental consciousness.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the clutch market.
Opportunities
Furthermore, extensive research and development (R&D) activities extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of improved and advanced clutches such as Dual Clutch Transmission (DCT) system will further escalate the growth of clutch market.
Restraints/Challenges faced by the Clutch Market
On the other hand, increase in demand for sophisticated and reliable electric vehicles is expected to obstruct market growth. Also, fluctuations in raw material prices are projected to challenge the clutch market in the forecast period of 2022-2029.
This clutch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the clutch market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Clutch Market
The COVID-19 had a negative impact on the automotive clutch market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for clutch market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the clutch market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- ZF Friedrichshafen AG completed the acquisition of WABCO Holdings Inc. in February’2021 by acquiring all outstanding shares of WABCO. The acquisition aims at developing dampers, systems, clutches, and components, for automotive applications.
- BorgWarner announced that it had developed an Innovative Torque-Vectoring Dual-Clutch System in October’2019 for EVs. This solution is cost-effective and declines vehicle space needed and the weight of the system.
Global Clutch Market Scope
The automotive smart antenna market is segmented on the basis of type, clutch type, clutch plate size, vehicle type, and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Manual Transmission
- Automatic Transmission
- Automated Manual Transmission
- Continuously Variable Transmission
Clutch Type
- Dog Clutch
- Friction Clutch
- Centrifugal Clutch
- Semi Centrifugal Clutch
- Hydraulic Clutch
- Vacuum Clutch
- Electro-Magnetic Clutch
Clutch Plate Size
- Below 9 Inches
- 9 Inches to 10 Inches
- 10 Inches to 11 Inches
- 11 Inches
- Above
Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Sales Channel
- Aftermarket
- OEM
Clutch Market Regional Analysis/Insights
The clutch market is analyzed and market size insights and trends are provided by country, type, clutch type, clutch plate size, vehicle type, and sales channel.
The countries covered in the clutch market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific (APAC) dominates the clutch market because of the bulk of car sales and technical developments within the region.
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the existence of a large number of automotive manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Clutch Market Share Analysis
The clutch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clutch market.
Some of the major players operating in the clutch market are
- BorgWarner Inc (US)
- Schaeffler Group (Germany)
- ZF Friedrichshafen AG. (Germany)
- Valeo (France)
- Eaton Corporation (US)
- AISIN SEIKI Co., Ltd. (Japan)
- EXEDY Corporation, C.C. Co., Ltd. (Japan)
- Clutch Auto Ltd. (India)
- NSK (Japan)
- AMS Automotive. (US)
- FTE automotive (Germany)
- Setco Automotive Limited (India)
- Robert Bosch GmbH (Germany)
- Schaeffler Group (Germany)
- Torotrak (UK)
- Fiat (Italy)
- Magneti Marelli (Italy)
- Eaton Corporation (Ireland)
- Jatco (Japan)
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