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Global Automotive Clutch Market to Reach USD 15 Billion by 2026, Aided by the Thriving Automobile Industry

According to a new report by EMR titled, ‘Global Automotive Clutch Market Report and Forecast 2021-2026’, the global market size of automotive clutch was around USD 10.4 billion in 2020. The industry is further expected to grow at a CAGR of 6% between 2021 and 2026 to attain a value of around USD 15 billion by 2026.

The global automotive clutch industry is aided by the thriving automobile industry. The growing demand for electric vehicles owing to the rising environmental concerns is further supporting the industry growth. As clutches form an indispensable part of most of the vehicles, the expansion of the automobile sector and increased demand for cars are the major drivers for the automotive clutch industry. The rapid industrialisation and urbanisation are aiding the growth of the automobile sector. The increased advancement in technology is further driving the demand for automation in various sectors. The emerging nations, owing to rapid urbanisation and rising disposable incomes, are expected to provide various growth opportunities to the market. Some of the leading players in the global automotive clutch industry include ZF Friedrichshafen and Schaeffler Group (OTCMKTS: SCFLF).

The growing demand for high performance systems that can deliver maximum power density in motor sport industry is also aiding the market growth. In April 2020, Schaeffler announced that its wholly owned subsidiary, Compact Dynamics, has been selected as the exclusive supplier of the hybrid system for FIA World Rally Championship (WRC) starting from 2022 season to 2024, owing to the company’s high-performance hybrid systems. Further, with the rising consumer demand for enhanced products range, the leading companies in the automotive clutch industry are increasingly collaborating, which is expected to boost the market growth. In March 2020, ZF Friedrichshafen and the Wolong Electric Group Co., Ltd. officially signed off on their joint venture, Wolong ZF Automotive E-Motors Co. Ltd., to develop and produce electric motors and electric components for various vehicle applications at the Chinese Shangyu location, among others. This will allow ZF Friedrichshafen to enhance its penetration in the Chinese market, thus, enhancing its market position globally. Such developments are expected to aid the growth of the global automotive clutch industry over the next five years.

Market Breakup by Vehicle Type, Transmission Type, Clutch Type, Clutch Disk/Plate Size, Material Type, Distribution Channel and Regions:

  • On the basis of vehicle type, the global automotive clutch industry has been bifurcated into passenger and commercial vehicles. 
  • By transmission type, the industry has been categorised into manual transmission, automatic transmission, and automated manual transmission (AMT), among others.
  • Based on clutch type, the industry has been divided into friction, dog, hydraulic and other types of clutches.
  • On the basis of clutch disk/plate size, the industry has been classified into below 9 inches, 9 inches to 10 inches, 10 inches to 11 inches, and 11 inches and above.
  • Based on material type, the industry has been categorised into ceramic, organic, and others. 
  • On the basis of distribution channel, the industry is divided into aftermarket and original equipment manufacturer (OEM).
  • Region-wise, the global market for automotive clutch can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for automotive clutch is being driven by growing automotive industry and increasing demand for electric vehicles across the globe. 
  • Rising living standards and increasing purchasing power of consumers is providing further impetus to the industry. 
  • Increased research and development (R&D) activities and growing need for enhanced automotive systems is expected to provide a further boost to the industry. 
  • Rapid advancement in technology and increasing shift from manual to semi-automatic or fully automatic transmission systems in vehicles are aiding the growth of global industry.

Key Offerings of the Report:

  • The EMR report gives a detailed analysis of the global market for automotive clutch for the periods (2016-2020) and (2021-2026). 
  • The report offers historical (2016-2020) and forecast (2021-2026) market information for the vehicle types, transmission types, clutch types, clutch disk/plate sizes, material types, distribution channels, and regional markets for automotive clutch.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automotive clutch market are Magneti Marelli, Schaeffler Group, and ZF Friedrichshafen, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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