Surging Vehicle Production Driving Worldwide Demand for Automotive Clutches

With the mushrooming sales of automobiles, especially in the Asia-Pacific (APAC) region, the demand for automotive clutch is rising sharply. According to the Organisation Internationale des Constructeurs d'Automobiles, automobile production increased to a record level of 97.4 million units across the world in 2017 after exhibiting 8 years of continuous surge. Furthermore, as per the India Brand Equity Foundation (IBEF), automobile manufacturing in the country rose at a CAGR of 2.36% from FY16 to FY20, with the country witnessing the production of 26.36 million vehicles in FY20. 

Automotive Clutch Market Outlook

As the automotive clutch is an important component of an automobile, the rising sales of automobiles are pushing up its requirement. This automotive component basically enables the transmission of power from the engine to the gearbox and controls the functioning and speed of a vehicle, thereby providing a smooth and comfortable driving experience. In addition, it mitigates the effects of torsional vibration and prevents transmission overload, which is extremely necessary in order to maintain the proper functioning of an automobile. 

Besides, the increasing concerns being raised over vehicle safety in several countries are also driving the demand for automotive clutches, which is, in turn, fueling the expansion of the global automotive clutch market. Moreover, the market is predicted to exhibit huge expansion from 2019 to 2030 (forecast period). Automotive clutches are required in three-wheelers, two-wheelers, passenger cars, medium and heavy commercial vehicles (M&HCV), and light commercial vehicles (LCV). Out of these, the incorporation of automotive clutches was found to be the highest in passenger cars and this trend is predicted to continue in the upcoming years as well.

Geographically, the sales of automotive clutches are currently the highest in the Asia-Pacific (APAC) region, as per the observations of the market research firm, P&S Intelligence. This is because of the surging manufacturing of automobiles in the region. Additionally, the rising urbanization rate and the growing disposable income of people are also boosting the sales of automobiles, which is, in turn, propelling the demand for automotive clutches in the region.

Thus, it can be concluded that the demand for automotive clutches will shoot up in the coming years, mainly because of the rising manufacturing and sales of automobiles all over the world. 

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Automotive Clutch Market by Vehicle Type, Clutch Type, Transmission Type, Industry Analysis and Forecast to 2030

The global automotive clutch market is expected to witness considerable growth during the forecast period (2019–2030), owing to the growing production and sales of automobiles across the world. Clutch is an integral part of a vehicle that is responsible for controlling the speed of the vehicle. With the growing safety concern among users, the market for automotive clutches is expected to observe considerable advancements.

In terms of vehicle type, the automotive clutch market has been categorized into two-wheeler, three-wheeler, passenger car, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). Among these, passenger car is the largest category in the market and is expected to remain the dominant category during the forecast period as well. In 2018, more than 70.6 million passenger cars were produced, compared to 21.1 million LCVs and 4.3 million M&HCVs, globally. Thus, with the heavy production and sales of passenger cars across the world, the demand for automotive clutches used in these vehicles is increasing.

Based on transmission type, the automotive clutch market has been categorized into manual, semi-automatic, and automatic. Among these, the manual clutch was the largest category in the market in 2018. Most of the vehicles that are produced currently use manual clutches. However, with the increasing production and adoption of self-driven vehicles, as well as with the growing safety concern among users across the world, the demand for semi-automatic and automatic clutches are expected to rise in the coming years.

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Geographically, Asia-Pacific (APAC) is the largest market for automotive clutches, owing to the largest share of automobiles being produced in the region. The growing urbanization in APAC, coupled with increasing disposable income of people, is boosting the demand for vehicles, which, in turn, is driving the growth of the automotive clutch market in the region.

The extensive use of hydraulic clutches in vehicles is a major trend observed in the automotive clutch market. The hydraulic clutch functions on a similar principle, as any other clutch works, but it has fewer components than its mechanical counterpart. This type of clutch comprises a reservoir filled with hydraulic fluid, and when the clutch pedal is pushed down, the fluid gets pressurized, which allows it to work with the clutch plate to detach the gear in use, and engage the new gear.

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Some of the key players operating in the global automotive clutch market are Magneti Marelli SpA, Allison Transmission Inc., BorgWarner Inc., Valeo SA, Aisin Seiki Co. Ltd., Schaeffler AG, ZF Friedrichshafen AG, Changchun Yidong Clutch Co., Dongfeng Motor Propeller Shaft Co. Ltd., and Guilin Fuda Co. Ltd.

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