Clutch Market - Snapshot

Clutch is a mechanical device that is used for engagement and disengagement of transmission from the driving shaft to the driven shaft. The primary function of the clutch is to transmit the torque from the engine side to the drivetrain. The clutch operates quietly and mitigates the drive-related vibration during its operation. Several friction materials are utilized to manufacture a clutch in order to ensure smooth engagement of gears, offer resistance, and providing strength. Organic friction materials are commonly used as friction material for clutch facing, as they offer a perfect combination of smooth engagement, wear resistance, and cost-effectiveness, as compared to others friction materials.

Dual clutch transmission and automated manual transmission are gaining popularity among car manufacturers as these systems offer all the convenience of the conventional automatic transmission, but at a lower price and without hampering fuel efficiency. These factors are likely to drive the demand for automotive clutch considerably during the forecast period.

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Increase in demand for SUVs, crossovers, compact SUVs, and premium cars across the globe, especially in countries in Asia is a primary factor that is estimated to drive the clutch market during the forecast period. Increase in industrialization, which is boosting the logistics industry, expansion of the IT industry, especially in metropolitan areas, increased population, and migration toward urban areas for better job opportunities, thereby augmenting daily commutation are all driving the production of commercial vehicles. Heavy commercial vehicles have been witnessing the adoption of automatic transmission owing to several advantages such as fuel economy and easier driving training for drivers. These factors are likely to boost the overall market during the forecast period. Increased disposable income and spending capacity of the public, primarily in developing countries, on account of significant revenue opportunities, have propelled the demand for vehicles that are forming the critical necessity for commutation. However, increase in automatic transmission vehicles and electric vehicles are likely to hamper the clutch market for automotive during the forecast period. The global clutch market for automotive is expected to expand at a CAGR of about 5% between 2018 and 2026.

Dry clutch type segment dominates the automotive clutch market presently, and it is expected to remain the same during the forecast period.

Dry clutch is the most used type of clutch in all vehicles due to its advantages over wet clutch such as high coefficient of friction, reduction in transmission power losses and ability to handle more power than the wet clutch. The clutch market can be split into manual transmission and automatic transmission segments. Expect North America penetration of manual transmission is largely present across the globe which is expected to drive the market of automotive clutch during forecast period. Growing dual clutch transmission and automated manual transmission owing its advantages such as competitive cost as compared to automatic transmission, higher fuel efficiency, and better driving experience are likely to boost the segment during forecast period. Rise in popularity of adventurous activities among the youth population has fueled the preference toward compact SUVs and vehicles with off-roading capabilities. This, in turn, has propelled the demand for clutch integration, thereby driving the market. Demand for SUVs and premium car vehicles is anticipated to drive the clutch market during the forecast period.

The dry clutch segment held a major share of the clutch market for automotive in 2017. Most vehicles are equipped with the dry clutch system, as it is inexpensive and provides better engagement on good condition roads. However, the dry clutch system has limitations such as it wears out faster than wet clutches and tends to generate considerable noise sometimes. The wet clutch is immersed in oil and hence, it offers smooth clutch engagement. The wet clutch is also utilized for higher torque application.

Ceramic material also used for clutch facing and it consists of copper, iron, tin bronze, and graphite. Ceramic materials can withstand considerable heat and hence, they are employed in continuous repeated engagement and disengagement applications. Ceramic clutches wear more rapidly than organic clutches, as they absorb more heat than organic material.

Crucial players in the clutch market are expected to benefit from the formation of strategic alliances with global players in the clutch market. The market witnesses the presence of key players that have strong global presence and firm establishments, which are equally coupled with diverse product portfolios. Prominent players operating in the global clutch market for automotive include ZF Friedrichshafen AG, BorgWarner Inc., Schaeffler Technologies AG & Co. KG, EXEDY Corporation, FTE Automotive, Aisin Seiki, F.C.C. Co., Ltd., and Valeo. Companies are focusing on mergers and acquisitions with regional automotive clutch manufacturers in order to expand their businesses globally. BorgWarner is a major manufacturer and has expertise in manufacturing of DualTronic clutch technology. BorgWarner holds a prominent position in the clutch market for automotive, as compared to other major manufacturers.

Clutch Market - Overview

This report analyzes and forecasts the market for automotive clutch at the global and regional level. The market has been forecast, based on revenue (US$ Mn) and volume (million units), from 2018 to 2026. The study includes drivers and restraints of the global clutch market for automotive. It also covers the impact of these drivers and restraints on the demand for automotive clutch during the forecast period. The report also highlights opportunities in the clutch market for automotive at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global clutch market for automobile. The Porter’s Five Forces model for the clutch market for automotive has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global clutch market for vehicles by segmenting it in terms of type, transmission type, material type, sales channel, vehicle, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive clutch in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all regions.

The study includes profiles of major companies operating in the global clutch market for automotive. Key players operating in the clutch Market for automotive include ZF Friedrichshafen AG, BorgWarner Inc., Schaeffler AG, AMS Automotive, Robert Bosch GmbH, EXEDY Corporation, Secto Automotive, F.C.C. Co., Ltd., Valeo, FTE Automotive, and AISIN SEIKI.  Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. The market for automotive clutch is primarily driven by the rising demand for dual clutch transmission.

The report provides the estimated market size of automotive clutch for 2017 and forecast for the next nine years. The global market size of automotive clutch has been provided in terms of revenue and volume. Market numbers have been estimated based on key clutch type, transmission type, material type, sales channel, vehicle, and regional segments of clutch market for automotive. Market size and forecast for each major type and vehicle have been provided in terms of global and regional/country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The clutch market for automotive has been segmented as follows:

Global Clutch Market for Automotive: by Type

  • Dry Clutch
  • Wet Clutch

Global Clutch Market for Automotive: by Transmission Type

  • Manual Transmission
  • Automatic Transmission
    • Dual Clutch Transmission
    • Automated Manual Transmission

Global Clutch Market for Automotive: by Material Type

  • Organic Material
  • Ceramic Material
  • Others ( Kevlar & Feramic)

Global Clutch Market for Automotive: by Sales Channel

  • OEM
  • Aftermarket

Global Clutch Market for Automotive: by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Clutch Market for Automotive: by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America