There is a continuous growth in “Automobile Clutch” Market in last five years and also continue for the forecast year 2023. Automobile Clutch industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Automobile Clutch Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
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The automotive clutch market is expected to register a CAGR of around 8.40% during the forecasted period. The automobile manufacturing hub APAC and the developing African market is set to push the automobile clutch market, in terms of revenue.
In the automotive clutch market, the key manufacturers include Eaton Corporation, Magneti Marelli, Valeo, ZF Friedrichshafen and with CAGR of around 8.4% the clutch market is expected to grow further in the developing nations of the world. The adoption of the automatic transmission is anticipated to give some boost to the automotive clutch market.
Change from Manual Transmission to Automatic Manual Transmission
Manual transmission vehicles dominated till the beginning of the 21st century, but the scenario has changed from the last few years. The majority of the automatic transmission cars were luxury vehicles. Manual transmission cars currently form the bulk of the sales, primarily, due to the emerging markets. However, this proportion is coming down. With improvements in technology, semi-automatic and fully automatic vehicles give as good a fuel-efficiency as manually operated cars. Also, the price difference between manual transmission and other modes of transmission has reduced significantly, making these options a viable purchase for the average car buyer. A lot of activity has been happening in the commercial vehicle range as well; with Isuzu equipping its F series medium duty truck range with a new torque converter equipped automated manual transmission.
Automatic Manual Transmission (AMT), due to its lower cost and minimal effect on mileage, is proving to be extremely popular. Since its introduction in India in the entry-level hatchback segment, it has revolutionized the automatic car market and the sales of automatic cars have been growing at an explosive rate for the past few years. Maruti Suzuki was the first car manufacturer in India to provide AMT in its cars. Magneti Marelli is in the process of setting up a plant and when fully operational, it will have the capacity to produce 280,000 robotized gearbox kits yearly in India.
ASIA-PACIFIC – Driving the change
The market for automated manual transmission is forecasted to achieve the highest rate of growth due to rising demand from emerging economies. The Asia-Pacific region is expected to witness a rise in the sales of cars led by Indonesia, India, and Vietnam. Lead by China, the largest automotive market in the world, the Asian countries are planning on becoming the automotive hubs of the world. Passenger and commercial vehicle markets, like India and China are focusing on increasing the production capacity thus making it the fastest growing automobile clutch market in the world. OEMs are ramping up their production capacity to service the burgeoning market for automatics in this region.
The North American market, on the back of strong demand from the Mexico and USA region, is forecasted to be the second-fastest growing region after the Asia Pacific. The increasing demand in the domestic market is poised drive the growth of the clutch market in Mexico.
March 2018: Setco to invest USD 38.4 million in capacity expansion and plant modernization in 2-3 years. The Indian clutch maker aims to cross USD 150 million revenues in the next 2-3 years by diversifying into the tractors and off-highway vehicles industry
Major Players: EATON CORPORATION, ZF TRW, VALEO, BORGWARNER INC., MAGNETI MARELLI amongst others.
Major Regions: – US, Canada, Mexico, Rest of North America, Germany,UK, France, Spain, Italy, Russia, Rest of Europe, China, Japan, India, Australia, rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Rest of South Africa
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Reasons to Purchase this Report:
- Analysing various perspectives of the Automobile Clutch market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Automobile Clutch market growth during the forecast period.
- Identify the latest developments, Automobile Clutch market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Automobile Clutch Market forecast 2023
1. Introduction of Automobile Clutch Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Automobile Clutch Market Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Automobile Clutch Market Dynamics
6.Global Automobile Clutch Market, Segmented by Size
7. Global Automobile Clutch Market, Segmented by Technology Type
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8. Global Automobile Clutch Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.2 South America
8.4.1 United Kingdom
8.5 Africa and Middle East
8.5.2 South Africa
8.5.3 Saudi Arabia
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
And Many More……….
For Detail TOC Click Here
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