Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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:
Key Findings of the Report:
Key Offerings of the Report:
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.
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.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.