Automotive Clutch Plate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Vehicle Type (Passenger Car, LCV, M&HCV), By Demand Category (OEM, Aftermarket), By Type (Less than 9 inches, 9.1 to 10 inches, 10.1 to 11 inches, More than 11 inches), and By Region
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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The global automotive clutch plate market is anticipated to witness a growth rate of 6.24% to reach USD7,708.45 million by 2028.
An automotive clutch is a mechanical device that transfers energy from the engine and is essential in shifting gears in a vehicle. The purpose of it is to keep the driver's ride smooth by preventing the buildup of gear-to-gear friction. The automobile clutch uses a gearbox to engage and disengage the engine at various speeds. The components used in the automotive clutch are flywheel, clutch disk, pilot bushing, crankshaft, throw-out bearing, and pressure plate. Clutches are used in both automatic and manual automobiles. An automatic transmission automobile consists of multiple clutches, while a manual transmission automobile consists of a single clutch.
Growing Vehicle Production and Sales Fuel the Market Growth
Global vehicle production in 2021 totaled 80.5 million, up by 3.39% from 2020. Similarly, in the United States, vehicle production grew by 3.92% to reach almost 9.2 million. In China, despite lockdown being prolonged in 2021, vehicle production grew by 3.40% in 2021. The growth in consumer spending power and growing consumer preference for private car ownership is fueling the automobile sales globally. Sales of vehicles are expected to grow due to the boom in demand for sustained automobile innovation through high-end R&D investments. Global automotive clutch plate market is growing at a greater rate with the changing consumer preference for cars with automated, semi-automatic transmission, over manual transmissions for a superior driving experience. Increasing urbanization, industrialization, and better road infrastructure are accelerating the growth of the logistics sector across the globe. Apart from this, the booming e-commerce sector and the expansion of construction, mining, and other major industries are the reasons for the increased demand for commercial vehicles. Commercial vehicles are experiencing massive sales across the world to meet the increasing consumer demands. The introduction of high-performance and advanced cars and the speedy transition towards automatic transmission vehicles are likely to drive the growth of the global automotive clutch plate market over the next five years.
Technological Advances Drive the Market Growth
Players in the market are putting in efforts and investing in research and development activities to discover new solutions and enhance the current infrastructure for improved performing and advanced clutch in automobiles. The strong demand for new-age technology and sophisticated features in passenger vehicles appeals to customers. The continuously rising demand for automatic transmission in vehicles on account of the higher level of comfort, convenience, and ease of maneuvering vehicles through heavy traffic conditions presents tremendous potential for the global market for automotive clutch plates. The launch of better, advanced, and automatic cars by car manufacturers to attract young people to buy the cars is speeding up the use of automatic transmission in cars which further boosts the demand for clutch plates.
Increase in Adoption of Battery Electric Vehicles Slows Down the Market Growth
The automotive sector is observing the shift from traditional fuel vehicles to electric vehicles because of increasing environmental awareness among consumers and volatility in crude oil prices. Battery electric vehicles do not need transmission systems because they use electric motors to power electric vehicles. Government policies favoring the sale and manufacture of electric vehicles along with strict emission regulations aid the sales and manufacture of electric vehicles. Launch of high-performance advanced electric vehicles and establishment of charging infrastructure support electric vehicle sales, which is anticipated to hinder growth in the global automotive clutch plate market during the forecast period.
Market Segmentation
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The global market for automotive clutch plates is segmented by vehicle type, demand category, type, regional distribution, and company. According to the vehicle type, the global market for automotive clutch plates is segmented into passenger cars, LCV and M&HCV. According to the demand category, the global market for automotive clutch plates is segmented into OEM and aftermarket. According to size, the worldwide market of automotive clutch plates is segmented as less than 9 inches, 9.1 to 10 inches, 10.1 to 11 inches, and above 11 inches. For studying the market according to region, the worldwide market of automotive clutch plates is analyzed in major regions of North America, Asia-pacific, Europe & CIS, South America, Middle East, and Africa. In United states, Automotive clutch plate market to increase at CAGR of 5.63% to reach USD1,325.46 million by 2028.
Here's a more detailed look at some of the key players
- ZF Friedrichshafen A major supplier of automotive components and systems, including transmissions and clutches.
- BorgWarner Known for its advanced transmission technologies and clutch systems.
- Valeo A global supplier of automotive technology, with a strong presence in clutch systems.
- Eaton Corporation A diversified industrial manufacturer with a focus on automotive components, including clutches.
- Schaeffler A leading supplier of automotive parts, including clutch components.
- EXEDY Corporation A prominent player in the clutch plate market, especially in Japan.
- NSK A Japanese company known for its bearings and other automotive components, including clutch plates.
- Aisin Corporation A global supplier of automotive components, with a strong presence in clutch systems.
- FCC Co. A Japanese company specializing in clutch components, particularly for heavy vehicles
Company Profiles
ZF Friedrichshafen AG, BorgWarner Inc, Valeo S.A, Eaton Corporation Plc, FCC Co. Ltd, Schaeffler AG, JATCO Ltd, EXEDY Corporation, NSK Ltd, Aisin Corporation are the major market players leading the growth of the global automotive clutch plate market.
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Attribute |
Details |
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Market Size Value in 2022 |
USD 5410.49 million |
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Revenue Forecast in 2028 |
USD 7708.45 million |
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US Revenue Forecast in 2028 |
USD 1,325.46 million |
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Growth Rate |
6.24% |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Million Units, and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
Vehicle Type Type Demand Category Region Company |
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Regional scope |
North America; Asia Pacific, Europe & CIS, South America, Middle East & Africa |
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Country scope |
United States, Canada, Mexico, China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Germany, France, United Kingdom, Spain, Italy, Belgium, Russia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Egypt |
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Key companies profiled |
ZF Friedrichshafen AG, BorgWarner Inc, Valeo S.A, Eaton Corporation Plc, FCC Co. Ltd, Schaeffler AG, JATCO Ltd, EXEDY Corporation, NSK Ltd, Aisin Corporation |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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