Market Size of Automotive Clutch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Clutch Market Analysis
The automotive clutch market was valued at USD 10 billion in 2020, and it is expected to reach USD 13 billion by 2026 by registering a CAGR of over 6% during the forecast period (2021 - 2026).
The impact of the COVID-19 pandemic on the automotive clutch market is inevitable, as the market is primarily driven by increasing vehicle sales and production.
The growing trend and evolving consumer preference toward manual to semi-automatic or fully automatic transmission systems are expected to impact global market growth favorably. Furthermore, customer inclination toward more convenient modes of transmission and growing demand for passenger cars in emerging economies are also expected to drive the market demand over the forecast period.
In addition, OEMs focus on expanding production capacity by introducing new production facilities to meet growing demand, which is also expected to propel market growth. However, the replacement of manual clutch by torque convertor in automatic transmission systems may pose to be a challenge to the automotive clutch industry.
North America is expected to emerge as the most dominant regional automotive clutch market over the forecast period, which can be attributed to the growing demand for electric vehicles. Furthermore, high vehicle demand in emerging economies, such as China and India, is expected to drive growth across the Asia-Pacific market over the forecast period.
Automotive Clutch Industry Segmentation
An automotive clutch is a mechanical device that transfers the rotational power from the engine to the wheels in any manual vehicle. In a manual transmission car, the clutch controls the connection between the shaft coming from the engine and the shafts which turn the wheels. The scope of the report covers segmentation based on transmission type, vehicle type, and geography.
By transmission type, the market is segmented into manual, automatic, AMT, and other transmission types. By vehicle type, the market is segmented into passenger vehicles and commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, market sizing and forecast have been done on the basis of value (USD billion).
| Transmission Type | |
| Manual | |
| Automatic | |
| Automated Manual Transmission (AMT) | |
| Other Transmission Types |
| Vehicle Type | |
| Passenger Vehicles | |
| Commercial Vehicles |
| Geography | |||||||
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Automotive Clutch Market Size Summary
The automotive clutch market is poised for significant growth, driven by evolving consumer preferences and increasing vehicle sales, particularly in emerging economies. The shift from manual to semi-automatic and fully automatic transmission systems is expected to favorably impact market expansion. Original Equipment Manufacturers (OEMs) are expanding production capacities to meet this growing demand, which is anticipated to further propel market growth. However, the transition from manual clutches to torque converters in automatic transmission systems presents a challenge to the industry. North America is projected to be a dominant regional market, largely due to the rising demand for electric vehicles (EVs), while the Asia-Pacific region is expected to see substantial growth driven by high vehicle demand in countries like China and India.
The global automotive industry is undergoing a transformation with the increasing adoption of electric vehicles, which do not require traditional transmission systems, thereby potentially reducing the demand for automotive clutches. This shift is supported by the low maintenance costs and environmental benefits of EVs, gaining traction in major automotive hubs such as Japan and China. The market is also influenced by the growing penetration of premium cars and the deployment of advanced powertrain systems. Key players in the market, including ZF Friedrichshafen, Magneti Marelli, Valeo, and BorgWarner, are strengthening their market positions through strategic collaborations and acquisitions, aiming to innovate and adapt to the changing automotive landscape.
Automotive Clutch Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Transmission Type
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2.1.1 Manual
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2.1.2 Automatic
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2.1.3 Automated Manual Transmission (AMT)
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2.1.4 Other Transmission Types
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2.2 Vehicle Type
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2.2.1 Passenger Vehicles
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2.2.2 Commercial Vehicles
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle-East and Africa
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Automotive Clutch Market Size FAQs
What is the current Automotive Clutch Market size?
The Automotive Clutch Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Automotive Clutch Market?
ZF Friedrichshafen, Magneti Marelli S.p.A, BorgWarner Inc, Valeo and Aisin Seiki Co Ltd are the major companies operating in the Automotive Clutch Market.
