Clutch Friction Plate Market
Growth Factors of Clutch Friction Plate Market
The clutch friction plate market size was valued at USD 11.69 billion in 2022, and the market is now projected to grow from USD 12.59 billion in 2023 to USD 24.63 billion by 2030, exhibiting a CAGR of 10.06% during the forecast period of 2023-2030.
The COVID-19 pandemic hit the worldwide automotive industry. Numerous countries across the world presented national lockdown rules to inhibit the spread of the virus. Severe nationwide lockdowns and social distancing guidelines entirely shut down numerous OEM manufacturing services, halting the movement of raw materials required to manufacture the product, directly or indirectly affecting thousands of dependent workers and industries.
Traditional clutch systems depend on mechanical associations to involve and undo the clutch. However, modern vehicles combine electronic clutch control to enhance the clutch’s behavior based on real-time data and driving conditions. The electronic clutch system uses sensors to monitor parameters such as engine speed, vehicle speed, control position, and even road conditions. The electronic clutch lets for exact and adaptive engagement points, resultant in smoother gear alteration and compact wear on the friction plate. This system plays a key role in circumstances such as stop-and-go traffic or hill start, where traditional manual control might be less specific. These factors are poised to boost the clutch friction plate market growth.
The product is made from organic compounds, which deliver good friction features, but they may wear out rapidly. The necessity for better-quality fuel effectiveness, power transmission, and overall sturdiness has motivated investigators and manufacturers to look for substitute materials with boosted properties. Progressive alternatives, such as ceramic materials, offer exceptional heat resistance and durability. They can withstand high temperatures created during clutch engagement without weighty wear. Ceramic friction plates have the potential to compromise an extended lifecycle and improved performance, particularly in high-performance vehicles.
Comprehensive Analysis of Clutch Friction Plate Market
The market can be segmented in various ways, depending on the focus of analysis such as by product type, by sales channel and by vehicle type. Based on product type, the market is segmented into dry friction plate and wet friction plate. Based on sales channel type, the market is segmented into OEM and aftermarket. Based on vehicle type, the market is segmented into passenger cars and commercial vehicle
North America region is dominating the clutch friction plate market share due to rising middle-class populace, growing urbanization, and disposable incomes, the demand for automobiles augmented. Growing market penetration of high-end cars and the deployment of appropriate vehicle powertrain systems are further quickening the demand for the product.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Valeo S.A. (France), Eaton Corporation Plc (Ireland), Schaeffler AG (Germany), NSK Ltd. (Japan), Aisin Seiki Co. Ltd. (Japan), Carlisle Industrial Brake & Friction (U.S.), FCC Co. Ltd. (Japan), ProTec Friction Group (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In May 2023, Toyota broadcasted to equip Centerforce Clutch-II in its Toyota Tacoma trucks. The Centerforce II clutch kit is mainly planned for everyday riders and moderate street applications. The product is also perfect for 4x4 and off-road supporters with light vehicle alterations and standard pulling and hauling duties.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 10.06% from 2023 to 2030
Unit Value (USD Billion) , Volume (Units)
Segmentation By Product Type
Dry Friction Plate
Wet Friction Plate
By Sales Channel Type
OEM
Aftermarket
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Geography
North America (By Product Type, Vehicle Type, Sales Channel, Country)
- U.S. (By Product Type, Vehicle Type, Sales Channel)
- Canada (By Product Type, Vehicle Type, Sales Channel)
- Mexico (By Product Type, Vehicle Type, Sales Channel)
Europe (By Product Type, Vehicle Type, Sales Channel, Country)
- U.K. (By Product Type, Vehicle Type, Sales Channel)
- Germany (By Product Type, Vehicle Type, Sales Channel)
- France (By Product Type, Vehicle Type, Sales Channel)
- Rest of Europe (By Product Type, Vehicle Type, Sales Channel)
Asia Pacific (By Product Type, Vehicle Type, Sales Channel, Country)
- China (By Product Type, Vehicle Type, Sales Channel)
- Japan (By Product Type, Vehicle Type, By Sales Channel)
- India (By Product Type, By Vehicle Type, Sales Channel)
- South Korea (By Product Type, Vehicle Type, Sales Channel)
- Rest of Asia Pacific (By Product Type, Vehicle Type, Sales Channel)
Rest of the World ( By Product Type, Vehicle Type, Sales Channel)
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