New York, May 02, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the report “Automotive Clutch Plate Market – Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028” – https://www.reportlinker.com/p06313356/?utm_source=GNW
An automotive clutch is a mechanical device that transfers power from the engine and is essential for shifting gears in a vehicle. Its purpose is to keep the driver’s ride smooth by preventing the build-up 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 automobile clutch are the flywheel, the clutch disc, the pilot bushing, the crankshaft, the release bearing and the pressure plate.
Clutches are used in both automatic and manual cars. An automatic transmission automobile consists of multiple clutches, while a manual transmission automobile consists of a single clutch.
Increasing production and sales of vehicles drive the growth of the market
Total global vehicle production in 2021 reached 80.5 million, an increase of 3.39% over 2020. Also, in the United States, vehicle production increased by 3.92% to reach 9.2 million. In China, even after the extension of confinement in 2021, the production of vehicles increased by 3.40% in 2021. The increase in the spending power of consumers and the growing preference of consumers for ownership of private vehicles are driving car sales worldwide. Vehicle sales are expected to rise due to increased demand for continuous automotive advancement through high-end R&D investments. The global automotive clutch plate market is expanding at a faster pace due to consumers’ changing preference for cars with semi-automatic and automated transmissions over manual transmissions for better driving experiences. Rapid urbanization, industrialization and the improvement of road infrastructure are driving the development of the logistics industry worldwide. In addition to this, the flourishing e-commerce industry and growth in construction, mining and other prominent industries contribute to the high demand for commercial vehicles. Commercial vehicles are witnessing huge sales worldwide to meet the growing needs of consumers. The launch of advanced and high-performance cars and the rapid shift towards automatic transmission vehicles are expected to drive the growth of the global automotive clutch plate market over the next five years.
Advances in technology support market growth
Market players are making efforts and investments in research activities to find innovative solutions and upgrade the existing infrastructure for advanced and better performing clutch in automobiles.
Growing demand for automatic transmission in vehicles due to increased comfort, convenience and ease of driving vehicles in heavy traffic conditions creates a huge potential for the global automotive clutch plate market. The introduction of superior, advanced and automatic vehicles by car manufacturers to attract the youth to buy the vehicles is accelerating the adoption of automatic transmission in cars, further increasing the demand for clutch plates.
Increasing adoption of battery electric vehicles hampers market growth
The automotive industry is witnessing a shift from conventional fuel vehicles to electric vehicles due to growing environmental concerns among consumers and fluctuations in crude oil prices. Battery electric vehicles do not require transmission systems as they incorporate electric motors to run electric vehicles.
Favorable government policies and strict emissions regulations support the sale and production of electric vehicles. The introduction of advanced high-performance electric vehicles and the development of charging infrastructure are boosting the sales of electric vehicles, which is expected to restrain the growth of the global automotive clutch plate market during the forecast period .
Market segmentation
The global automotive clutch plate market is segmented by vehicle type, demand category, type, regional distribution, and company. Based on vehicle type, the global automotive clutch plate market is segmented into passenger cars, LCVs, and M&HCVs.
Based on demand category, the global automotive clutch plate market is segmented into OEM and aftermarket. On the basis of type, the global automotive clutch plate market is segmented into less than 9 inches, 9.1 to 10 inches, 10.1 to 11 inches, and more than 11 inches. To analyze the market on the basis of region, the global automotive clutch plate market is studied in major regions such as North America, Asia-Pacific, Europe and CIS, South America, Middle East and Africa In the United States, the automotive clutch plate market will grow at a CAGR of 5.63% to reach USD 1,325.46 million by 2028.
Company profiles
ZF Friedrichshafen AG, BorgWarner Inc, Valeo SA, 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.
Scope of the report:
In this report, the global automotive clutch plate market has been segmented into the following categories along with the industry trends, which are also detailed below:
• Automotive clutch plates market, by vehicle type:
o Passenger car
or LCV
or M&HCV
• Automotive clutch plates market, by demand category:
or OEM
o Aftermarket
• Automotive Clutch Plates Market, by Type:
or Less than 9 inches
or From 9.1 to 10 inches
or From 10.1 to 11 inches
o More than 11 inches
• Automotive clutch plates market, by region:
or Asia-Pacific
china
India
Japan
South Korea
malaysia
Indonesia
Thailand
vietnam
or North America
United States
Mexico
canada
or Europe and CIS
Germany
France
Russia
United Kingdom
Italy
Spain
Belgium
or South America
brazil
Argentina
colombia
or the Middle East and Africa
Turkey
Iran
South Africa
Egypt
Competitive landscape
Company Profiles: Detailed analysis of major companies present in the global automotive clutch plate market.
Customizations available:
With the market data provided, we offer customizations according to the specific needs of the company. The following customization options are available for the report:
Company information
• Detailed analysis and profiles of additional market agents (up to five).
Read the full report: https://www.reportlinker.com/p06313356/?utm_source=GNW
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