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Global Automotive Friction Clutch Market Research Report 2024(Status and Outlook)

Global Automotive Friction Clutch Market Research Report 2024(Status and Outlook)

  • Published on : 22 October 2024
  • Pages :207
  • Report Code:SMR-8013831

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Report overview

The global Automotive Friction Clutch market size was valued at US$ 7.85 billion in 2024 and is projected to reach US$ 10.23 billion by 2030, at a CAGR of 4.5% during the forecast period 2024-2030.
The United States Automotive Friction Clutch market size was valued at US$ 1.52 billion in 2024 and is projected to reach US$ 1.87 billion by 2030, at a CAGR of 3.5% during the forecast period 2024-2030.
Automotive Friction Clutches are mechanical devices used in vehicles to engage and disengage the transmission of power from the engine to the transmission system, enabling smooth gear changes and efficient power transfer in manual and some automated transmission vehicles.
The global Automotive Friction Clutch market is experiencing steady growth, driven by increasing vehicle production in emerging markets, the ongoing demand for manual transmission vehicles in certain regions, and technological advancements in clutch materials and designs. In 2023, global production of automotive friction clutches reached approximately 85 million units, with Asia-Pacific accounting for 55% of production. Passenger vehicles remain the largest segment, representing 70% of demand, followed by commercial vehicles at 25% and off-highway vehicles at 5%. The market saw a boost from the recovery of automotive production post-pandemic, leading to a 8% increase in clutch demand in 2023 compared to the previous year. Technological advancements have focused on improving durability, reducing weight, and enhancing performance, with new clutch designs offering up to 30% longer lifespan and 15% weight reduction compared to 2020 models. The market is witnessing growth in dual-clutch systems for automated manual transmissions, increasing at 6% annually, driven by their improved fuel efficiency and performance. In 2023, the push towards vehicle electrification led to a 10% increase in the development of hybrid-specific clutch systems. The industry faces long-term challenges from the shift towards electric vehicles, which typically don't require traditional clutches. However, the large existing fleet of vehicles with manual transmissions and the continued preference for manual transmissions in certain market segments sustain demand. Emerging markets show significant growth potential, with demand for cost-effective, durable clutches in developing countries growing at 7% CAGR. Looking ahead, the market is expected to benefit from innovations in materials science, with advanced composite materials for clutch facings projected to grow at 10% CAGR through 2030.
Report Overview This report provides a deep insight into the global Automotive Friction Clutch market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Friction Clutch Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Friction Clutch market in any manner. Global Automotive Friction Clutch Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company Schaeffler ZF (Sachs) Valeo F.C.C. Exedy Borgwarner Eaton Aisin CNC Driveline Zhejiang Tieliu Ningbo Hongxie Hubei Tri-Ring Market Segmentation (by Type) Wet Friction Clutch Dry Friction Clutch Market Segmentation (by Application) Passenger Vehicle Commercial Vehicle Geographic Segmentation North America (USA, Canada, Mexico) Europe (Germany, UK, France, Russia, Italy, Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific) South America (Brazil, Argentina, Columbia, Rest of South America) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA) Key Benefits of This Market Research: Industry drivers, restraints, and opportunities covered in the study Neutral perspective on the market performance Recent industry trends and developments Competitive landscape & strategies of key players Potential & niche segments and regions exhibiting promising growth covered Historical, current, and projected market size, in terms of value In-depth analysis of the Automotive Friction Clutch Market Overview of the regional outlook of the Automotive Friction Clutch Market: Key Reasons to Buy this Report: Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change This enables you to anticipate market changes to remain ahead of your competitors You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly Provision of market value (USD Billion) data for each segment and sub-segment Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions Includes in-depth analysis of the market from various perspectives through Porter