Dublin, March 20, 2024 (GLOBE NEWSWIRE) -- The "Automotive Passenger Car Clutch Plate Market - Global Industry Size, Share, Trends Opportunity, and Forecast, 2028F" report has been added to ResearchAndMarkets.com's offering.
The automotive industry is witnessing rapid growth and innovation, particularly within the Global Automotive Passenger Car Clutch Plate Market. Recent research indicates a significant market valuation of USD 3 Billion in 2022, with prospects of robust expansion at a CAGR of 8.8% during the forecast period up to 2028F.
Clutch plates are integral to the efficient performance of automotive vehicles, serving as the link between the engine and transmission systems. With urbanization on the rise and consumer demands leaning towards advanced vehicle technologies, the clutch plate market is experiencing a surge of interest from global automotive manufacturers and consumers alike.
Key Drivers of Market Growth
- Increasing Global Automotive Production and Sales
- Technological Advancements in Automotive Clutch Systems
- Stringent Emission Regulations and Fuel Efficiency Demands
- Growing Adoption of Electric and Hybrid Vehicles
- Expansion of Emerging Markets and Urbanization
Dual-clutch transmissions and automated manual transmissions, with their advanced clutch plates, are contributing to the proliferation of efficient and smooth-performing vehicles, addressing the stringent regulations regarding emissions and fuel consumption.
Emerging Trends and Challenges
Despite its prospective growth, the clutch plate market faces challenges as the automotive sector shifts towards automatic transmissions and electrification of passenger cars. The incline towards electric vehicles, which generally lack the need for traditional clutch systems, and the popularity of automatic transmissions present considerable adaptation challenges for market participants.
However, trends such as the transition to lightweight materials and the growing demand for vehicles equipped with dual-clutch or automated manual transmissions continue to shape market dynamics positively.
Regional Market Analysis
Asia-Pacific leads the charge in the Automotive Passenger Car Clutch Plate Market share due to the high demand in burgeoning economies such as China and India. European and North American markets are also showing healthy growth trajectories, backed by advancements in automotive infrastructure and rising electric vehicle adoption.
The comprehensive market analysis categorizes the clutch plate market by size, demand category, and region, offering a clear picture of current trends and future growth patterns.
With a detailed competitive landscape and company profiles, this analysis is crucial for stakeholders looking to understand and capitalize on market opportunities.
Segmental Insights - Market Segmentation
The report segments the market into four based on clutch plate size, with significant emphasis on plates sized between 10 and 11 inches due to their relevance in EVs. Also, the market is bifurcated into sales channels, encompassing both OEM and aftermarket sources, providing a granular view of the industry. Detailed regional insights showcase market performance across North America, Europe & CIS, Asia-Pacific, South America, and the Middle East & Africa, with notable focus on regions experiencing rapid growth and development.
This research serves as a vital tool for understanding the multifaceted dynamics of the Automotive Passenger Car Clutch Plate Market, offering depth and breadth to investors, manufacturers, and others involved in the automotive industry.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $3 Billion |
| Forecasted Market Value (USD) by 2028 | $4.94 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- ZF Friedrichshafen AG
- BorgWarner Inc
- Valeo S.A
- Eaton Corporation Plc
- FCC Co. Ltd
- Clutch Auto Ltd.
- Schaeffler AG
- EXEDY Corporation
- NSK Ltd
- Aisin Seiki Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/9y0qco
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