Clutch Market By Type (Dry Clutch and Wet Clutch), Transmission Type (Manual Transmission and Automatic Transmission), Material Type (Organic Material, Ceramic Material, Other Material Types), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Vehicle and Commercial Vehicle) Forecast 2014 to 2023
Industry Outlook and Trend Analysis
The Clutch Market was worth USD 8.23 billion in 2014 and is expected to reach approximately USD 13.99 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.07% during the forecast period. A clutch is a mechanical device which connects and separates power transmission particularly from driving shaft to driven shaft. In the most basic application, clutches connect and disconnect two rotating shafts, drive shafts or line shafts. In these gadgets, one shaft is commonly connected to a motor or other power unit while the other shaft gives yield energy to work. While commonly the movements included are rotating, linear clutches are additionally conceivable.
Drivers and Restraints
Accessibility of low-cost manual transmission clutches against torque converters with programmed transmission is likewise anticipated that would drive the clutch market. Besides, client inclination towards more advantageous methods of transmission and developing interest for passenger cars in rising economies is likewise anticipated that would drive the boost the market request over the conjecture time frame. Furthermore, OEMs focus around extending the capacity of production by adopting new production facilities keeping in mind the end goal to take care of developing demand, which is likewise anticipated to boost the development. Nonetheless, substitution of manual clutch by torque convertor in automatic transmission systems may be challenge for the clutch market. Also, low fuel effectiveness of vehicles outfitted with programmed transmission frameworks is anticipated to be a significant challenge to the clutch market.
The Clutch Market is segmented Type, Transmission Type, Material Type, Sales Channel and Vehicle Type. Based on type the market is segmented into dry clutch and wet clutch. On the basis of transmission type the market is segmented into automatic transmission and manual transmission. Based on material type the market is segmented into ceramic, organic and others. On the basis of sales channel the market is segmented into aftermarket and OEM. Based on vehicle type the market is segmented into commercial and passenger vehicles.
Regional Outlook and Trend Analysis
Geographically, North America is anticipated to develop as the leading regional market over the forecast period, which can be credited to increasing demand for electric vehicles. Furthermore, high demand of vehicle in emerging economies such as China and India are anticipated to drive growth across Asia Pacific market over the forecast period.
The leading players in the market are BorgWarner, Schaeffler Group, FTE automotive, ZF Friedrichshafen, Aisin Seiki and EXEDY Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Clutch Market is region-wise segmented a follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?