Pune, India, August 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automotive Pressure Plates Market.
Global Automotive Pressure Plates Market size is anticipated to register a significant CAGR of 5% between 2022 and 2030. A pressure plate is an important part of clutch systems used in automobiles. It is a spring-loaded device that bolts onto the flywheel and can either engage or disengage the clutch disc and flywheel. The clutch disc fits between the pressure plate and the flywheel. Pressure plates are of two types, namely, the coil spring type and the diaphragm type. The manufacturers of automotive pressure plates ensure that these plates have high-temperature resistance and considerable stress limits.
Furthermore, market players are focused on the research and development of compact automotive pressure plates to downsize the clutch systems. The type of automotive pressure plates used usually depends on the type of vehicle and the type of clutch system used in the vehicle. Usually, automotive pressure plates are used only with friction clutches, which may be either single-plate, multi-plate, or cone clutches. Moreover, pressure plates are usually manufactured using either cast iron or stainless steel. With the growth of the automotive industry across the globe, the demand for automotive pressure plates is anticipated to grow significantly in the coming years, thereby creating significant opportunities for the growth of the automotive pressure plates market during the forecast period.
Global Automotive Pressure Plates Market, 2020–2026
In 2019, Asia-Pacific Contributed Significantly to the Automotive Pressure Plates Market in Terms of Share: MRFR
Based on region, the global automotive pressure plates market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region is expected to lead the automotive pressure plates market in the coming years, which can be attributed to the expected increase in the fleet of vehicles in the region due to the growing middle-class population and, thereby, the demand. Furthermore, the demand for luxury vehicles is increasing significantly in the North American market.
The global automotive pressure plates market can be segmented by product type, clutch type, vehicle type, and region. Based on product type, the global automotive pressure plates market can be bifurcated into coil spring type and diaphragm type. The coil spring segment is anticipated to grow at a significant CAGR in the coming years. In terms of vehicle type, the automotive pressure plates market can be split into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The passenger vehicle segment held a large share and is anticipated to grow at a high CAGR in the next few years because of the increasing demand for passenger vehicles. By distribution channel, the automotive pressure plates market has been segmented into OEMs and aftermarket. The OEMs segment held a significant share and is anticipated to grow at a high CAGR in the coming years.
Global Automotive Pressure Plates Market size is anticipated to register a significant CAGR of 5% between 2022 and 2030.
Scope of the Report
This report provides an in-depth analysis of the global automotive pressure plates market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global automotive pressure plates market by product type, vehicle type, distribution channel, and region.
Access Report Details @ https://www.marketresearchfuture.com/reports/automotive-pressure-plates-market-10222
Key players in the global automotive pressure plates market are California Custom Clutch Corporation (US), Raicam Clutch Ltd (Italy), Makino Auto Industries Private Limited (India), SASSONE SRL (Italy), ANAND Group (India), Apls Automotive Industries Private Limited (India), MACAS Automotive (India), Hebei Tengda Auto Parts Co., Ltd. (China), S. K. Auto Industries (India), Setco Automotive Ltd (India), GOLDEN Precision Products Private Limited (India), and RSM Autokast Ltd. (India).