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The Automotive Clutch market has been segmented by Transmission Type (Manual, Automatic, AMT, and Others), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), and by Geography
The automotive clutch market is anticipated to register a CAGR of over 6% during the forecast period (2020 – 2025).
Manual transmission vehicles accounted for a bulk of automotive sales till the beginning of the 21st century. The major automatic transmission cars sold were generally luxury vehicles. Presently, manual transmission cars form a bulk of the total automotive sales primarily due to the emerging markets. However, this proportion is gradually reducing. With the improvement in technology, semi-automatic and fully-automatic vehicles are as fuel efficient as manually operated cars. In addition, the price difference between manual transmission and the alternative transmissions has reduced significantly, making these options affordable even to an average car buyer.
The automated manual transmission market is expected to achieve the highest growth rate due to the rising demand from emerging economies. Magneti Marrelli, ZF Freidrichschafen, Valeo are some of the important players in the automotive clutch market.
The North American market, owing to strong demand from the United States and Mexico, is expected to be the second fastest growing region after Asia-Pacific. Rising domestic demand for personal automobiles is expected to fuel the growth of the clutch market in Mexico. Latin America, due to tough economic conditions, is expected to see a low growth rate in the market; however, Brazil is expected to be a growing potential market.
The automotive clutch market has been segmented by transmission type, vehicle type, and geography.
|Other Transmission Types|
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Battery Electric Vehicles (BEVs) are not equipped with the transmission systems. The electric motors in Battery Electric Vehicles (BEVs) have a flat power curve, i.e., they can run efficiently at any rpm, thereby eliminating the need to shift gears. The growth of the global EV market has been due to their relatively low maintenance cost and growing environmental concerns. It is also fuelled by the shift toward sustainable transportation, which is expected to help reduce fossil fuel dependency. The years 2016-2018 have been especially good for electric vehicle sales, with the number breaching the 1 million mark in 2018.
The demand for EVs is ever increasing in countries like Japan and China, which are two of the biggest automotive hubs in the Asia-Pacific. Reduction in growth of the automotive clutch market can also be anticipated in North America and Europe owing to the aforementioned factors related to EVs. In addition to the standard-bearing Tesla manufacturing electric vehicle, subsidies offered by governments is helping many other automotive companies to ramp up their electric vehicle portfolio. Tesla has been targeting 500,000 car sales annually by 2020, of which more than 45% are expected to be PEVs. Also, ecosystems for long-range electric vehicles are being created by opening charging stations across Europe and North America. In addition, patents are being made available freely, in turn, fueling the growth of PEVs, during the forecast period which in-turn might hamper the clutch market.
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The Asia-Pacific region is expected to be the largest market due to the sheer volume of cars being sold. China is expected to occupy significantly high market share by the end of 2022 in the Asia-Pacific market. Factors, such as increasing market penetration of premium cars and deployment of convenient powertrain systems in vehicles, are accelerating the demand for automotive clutch market. China is expected to overtake the United States as the world’s largest market for premium passenger cars, creating a huge potential for the growth of the automotive clutch market.
Improving economic conditions in the region, increasing disposable income, and preference toward automatic transmission, especially AMT technology is expected to help the Indian automotive clutch market grow. Also, stringent emission norms and fuel-efficiency standards in the form of Bharat Stage VI will see lighter and more fuel efficient clutch models to be developed, further driving the market.
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The automotive clutch market is majorly held by transmission manufacturing firms who have a long-standing partnership with the major automobile manufacturing companies as their preferred suppliers. The top 10 players are expected to hold most of the market share as of 2018.
Some of the major players in this market are ZF Friedrichshafen, Magneti Marelli, Valeo, BorgWarner, and Aisin Seiki.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Transmission Type
5.1.4 Other Transmission Types
5.2 Vehicle Type
5.2.1 Passenger Vehicles
5.2.2 Commercial Vehicles
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle-East and Africa
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles
6.2.1 Magneti Marelli SpA
6.2.2 ZF Friedrichshafen
6.2.4 Eaton Corporation PLC
6.2.5 WABCO Holdings Inc.
6.2.6 Exedy Corporation
6.2.7 Aisin Seiki Co. Ltd
6.2.8 BorgWarner Inc
6.2.9 Schaeffler AG
6.2.10 JATCO Ltd
6.2.11 Allison Transmission Holdings Inc
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability