Automotive Clutch Plate Market Trends, Share, Revenue, Scope, Challenges, Key Players, CAGR Status and Growth Opportunities Till 2033


Automotive Clutch Plate Market Trends, Share, Revenue, Scope, Challenges, Key Players, CAGR Status and Growth Opportunities Till 2033: SPER Market Research

 Published: Jan-2024
 Author: SPER Analyst

Global Automotive Clutch Plate Market is projected to be worth USD 13.73 billion by 2033 and is anticipated to surge at a CAGR of 4.8%.

A clutch is a motorised mechanism that is used to disconnect and reconnect power transfer from one driven shaft to another. The automotive clutch, which transfers power between two shafts, is an essential part of the vehicle. An automobile clutch connects and disconnects the engine and manual gearbox. The wheel must be removed to establish a systematic balance between the revolving engine and the stationary gearbox in an automobile since the engine rotates constantly when the vehicle is in motion. Additionally, clutches can be used to disconnect the motor and wheels. Over the forecast period, it is expected that expanding urbanisation and rising demand for vehicle development would fuel demand for automotive clutches.

Global Automotive Clutch Plate Market Driving Factors and Challenges
Continuous technological developments in vehicle clutch systems are a primary motivator. Clutch plates are essential components of these systems, and advances are being made to improve their performance, longevity, and efficiency. In comparison to traditional manual transmissions, technological improvements have given rise to dual-clutch transmissions and automated manual transmissions, which enable smoother gear changes and improved fuel efficiency. High-performance clutch plates designed to meet the higher needs of modern passenger cars are required for these complex gearbox systems. Materials research and manufacturing techniques advancements have resulted in clutch plates that are lighter, more robust, and capable of managing higher torque loads. 

Clutch plate producers must respond to the changing landscape by expanding their product offerings to include clutch plates for automatic gearboxes. However, this can be an expensive endeavour because it necessitates research, development, and retooling of manufacturing facilities. Furthermore, by catering to both manual and automatic transmissions, manufacturers risk generating redundancy in their product lines, potentially hurting economies of scale. The change to automatic gearboxes has an impact on the workforce as well. Manual gearbox specialists may need to be retrained to work on automatic gearbox systems. This shift in skill needs may result in labour shortages and the need for training programmes.

Impact of COVID-19 on Global Automotive Clutch Plate Market
Global automakers have been significantly impacted by COVID-19. Despite the fact that some businesses are suffering as a result of the epidemic, the automotive industry has seen a major decline in demand for new cars during the lockdown, which is also tied to travel restrictions. However, the used automobile market has seen a significant increase in sales due to a loss in income, a lack of money, and an increasing demand for private cars to maintain social distance, which is expected to have a positive impact on the global COVID-19 epidemic. During the pandemic, the used car industry evolved while the new automotive industry suffered and came to a halt due to a rise in online used car sales.

Automotive Clutch Plate Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Aisin Seiki Co., Ltd., Allison Transmission Inc., AMS Automotive LLC, APLS Automotive Industries Pvt. Ltd., BorgWarner Inc., Eaton Corporation Inc., EXEDY Corporation, F.C.C. Co. Ltd., FTE automotive GmbH, JATCO Ltd.

Global Automotive Clutch Plate Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, Global Automotive Clutch Plate Market is segmented as; Commercial Vehicles, Passenger Vehicles.

By Transmission Type: Based on the Transmission Type, Global Automotive Clutch Plate Market is segmented as; Automated Manual Transmission (AMT), Automatic Transmission, Manual Transmission, Others.

By Clutch Type: Based on the Clutch Type, Global Automotive Clutch Plate Market is segmented as; Friction Clutch, Dog Clutch, Hydraulic Clutch, Others.

By Clutch Disk/Plate Size Type: Based on the Clutch Disk/Plate Size Type, Global Automotive Clutch Plate Market is segmented as; 10 Inches to 11 Inches, 11 Inches and Above, 9 Inches to 10 Inches, below 9 Inches.

By Distribution Channel: Based on the Distribution Channel, Global Automotive Clutch Plate Market is segmented as; Aftermarket, Original Equipment Manufacturers.

By Material Type: Based on the Material Type, Global Automotive Clutch Plate Market is segmented as; Ceramic, Organic, Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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