The global automotive clutch market volume will reach 125,801.8 thousand units, generating a total estimated market value of around $10,676.0 Million by 2019. In 2014, the penetration of automotive clutches was estimated to be the highest in the Asia-Oceania region, followed by North America, Europe, and RoW.
An automotive clutch is a mechanical device that converts 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 move the wheels. The report's scope covers segmentation based on transmission type, vehicle type, and geography.
The growing trend and evolving consumer preference toward manual to semi-automatic or fully automatic transmission systems are expected to affect global market growth favorably. Moreover, 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 rising demand, which is also expected to propel market growth. However, the replacement of manual clutch with torque convertor in automatic transmission systems may pose a challenge to the automotive clutch industry.
The impact of COVID-19 has been widely visible across the automotive industry worldwide. Although some industries are struggling due to the pandemic, the automotive industry has seen a massive fall in demand for new cars during the lockdown period, and it is also due to travel restrictions. However, the used car market has seen a massive jump in sales due to a fall in income, shortage in money, and increasing preference for private cars to maintain social distancing, which is expected to affect the used car industry COVID-19 outbreak globally positively. As the new cars industry suffered and came to a halt, the used car industry emerged during the pandemic, owing to the growth of online sales of used cars.
The demand for automatic transmission vehicles compared to vehicles with manual transmission is higher in the mature European market. The demand for automatic transmission systems is growing faster and outnumbering the demand for manual transmission in the North American market. It is growing considerably in Asia-Pacific due to increased consumer purchasing power. China is expected to be the biggest market for automotive clutch systems in the next five years. Countries such as India, the U.K., and the U.S. are expected to exhibit high growth rates concerning the demand for automotive clutch systems from 2014 to 2019.
However, the automotive clutch market trends suggest that the global market operations are struggling to cover the losses that have been incurred by the regions, segments, and market players due to the outbreak of the pandemic. Hence, this is emerging as a significant market restraint for the market functions amid the forecast period in 2027.
The automotive industry is experiencing a shift from conventional fuel vehicles to electric vehicles. The electric motors in battery electric vehicles (BEVs) have a flat power curve, i.e., they can function efficiently at any rpm, thereby eliminating the need to shift gears.
The growth of the global E.V. market has been due to its relatively low maintenance cost and growing environmental concerns. It is also fueled by the shift toward sustainable transportation, which is expected to help lessen fossil fuel dependency. The demand for E.V.s is ever increasing in countries like Japan and China, two of the biggest automotive hubs in the Asia-Pacific.
Reduction in the growth of the automotive clutch market can also be anticipated in North America and Europe, owing to the factors mentioned above related to E.V.s. In addition to the standard-bearing Tesla manufacturing electric vehicles, governments' subsidies are helping many other automotive companies to ramp up their electric vehicle portfolio.
The automotive clutch market has been segmented to meet the rising needs of the global target audience. Further, the functioning of the market segments has a significant role in expanding the market revenue and share during the continuous period. Further, the market segments are also responsible for judicious use of the resources and making better investments. The global market segments are mentioned as follows:
Based on the transmission type
Based on the vehicle type
Asia-Pacific is expected to dominate the car frequency friction market over the forecast period due to the bulk of car sales and technical developments, such as dual-clutch transmission systems and automatic and manual transmission systems. Other factors such as the introduction of cheaper manual transmission clutches and customer preference for a comfortable mode of transmission also add on to the market growth.
Factors like increasing market penetration of premium cars and deployment of convenient powertrain systems in vehicles are accelerating the demand for the automotive clutch market. China is expected to overtake the United States as the world's largest market for premium passenger cars, creating the massive potential for the growth of the automotive clutch market.
Moreover, the North American region also represents a modest share of sales in the world economy and is predicted to grow steadily over the expected period. This is mainly attributed to increased car purchasing in the United States and Canada. Owing to the presence in Europe of a rising number of car manufacturers, the automotive clutch market is projected to rise more rapidly over the forecast period.
The automotive clutch market is dominated by the functions undertaken by various players, including manufacturers, component suppliers, and others like the automotive clutch companies. The key companies operating in the global automotive clutch market are mentioned as follows:
Transmission manufacturing firms, as a functional part of the market primarily hold the automotive clutch market with a long-standing partnership with the primary automobile manufacturing companies as their preferred suppliers. ZF Friedrichshafen, Magneti Marelli, Valeo, and BorgWarner are among the bigger players in the market. These globally functional companies are focusing on strengthening their position in the market by adopting various growth strategies.
In November 2019, the automotive clutch market company - Borgwarner collaborated with the leading Chinese original equipment manufacturer ChangAn automobile to supply the highly integrated electro-hydraulic control unit and compact triple clutch P2 drive module for Changan's next-generation hybrid transmission technology.
In February 2020, Z.F. Friedrichshafen AG (Z.F.) took to the international market and announced that it had completed the acquisition of WABCO Holdings Inc. by acquiring all outstanding shares of WABCO for USD 136.50 per share in an all-cash transaction for an equity value of over USD 7 billion. This global acquisition focuses on developing clutches, dampers, chassis components, and systems for automotive applications and other associated components.
In October 2019, another market company - BorgWarner announced that it had developed an Innovative Torque-Vectoring Dual-Clutch System for Electric Vehicles. This solution is cost-effective and features a compact design, significantly reducing the vehicle space needed and the system's weight.
In May 2019, one of the prominent market companies - C.K. Holdings Co. Ltd, a holding company of Calsonic Kansei Corporation, announced the completion of its previously announced acquisition of Magneti Marelli SpA from Fiat Chrysler Automobiles NV.
The report covers the global automotive clutch market by geography in Asia-Oceania, North America, Europe, and the Rest of the World. The market is further branched by transmission type (Manual Transmission, Automatic Transmission, Automated Manual Transmission, and Continuously Variable Transmission) and by Clutch Disc size (Below 9 inches, 9 inches to 10 inches, 10 inches to 11 inches, and 11 inches and above this figure). The market size in terms of volume is provided from 2012 to 2019 in thousand units, whereas the market size by value is provided in USD Millions. This report classifies and defines the automotive clutch market in volume and value. It provides a comprehensive analysis and insights into the automotive clutch market both the qualitative and quantitative market aspects. It reviews the drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other critical aspects of the automotive clutch market.
|CAGR||5% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Transmission, by Clutch Type, by Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Eaton Corporation, Magneti Marelli, Valeo, Aisin Seiki, EXEDY, FCC, Schaeffer, BorgWarner Clutch Auto Limited and ZF Friedrichshafen|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market can attain a strong growth rate in the coming years.
The market size is believed to be expanding at a robust pace.
The top players listed in the MRFR report are Aisin Seiki (Japan), ZF Friedrichshafen (Germany), Schaeffer (USA), Magneti Marelli (Italy), EXEDY (Japan), BorgWarner Clutch Auto Limited (USA), Valeo (France), Fuji Chemical Co. (FCC) (Japan), Eaton Corporation (Ireland), and others.
North America is a strong market, given the rising vehicle purchase, shift towards electric vehicles, technological development and the general expansion of the automotive industry.
The main segments as per which the market has been studied in the report are clutch type, transmission type and vehicle type.