According to the latest report by Market Research Future (MRFR), the global automotive clutch market size is projected to reach USD 16 billion by 2027. It is likely to expand at a CAGR of 5% from 2020 to 2027. MRFR's report on the automotive clutch market includes growth and revenue projections for the forecast period (2020-2027). The COVID-19 pandemic and its impacts are studied in detail in the market report.

Market Scope

The global automotive clutch market is driven by the trend towards automatic and semi-automatic vehicles and plans for vehicle electrification. OEMs are expanding their production of clutches by setting up new facilities to meet the increasing demand for automobiles. With environmentally friendly regulations and technological advancements in battery electric vehicles, the shift towards more fuel-efficient systems could bode well for the market.

Battery electric vehicles are considered to be garnering interest in the automotive clutch market. Incentives towards low maintenance costs and fuel economy as well as government subsidies can drive market growth. The launch of premium cars and focus on driver comfort will be favorable for the market in the coming years. This is evident from the high number of car sales in the US and Canada.

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However, replacement of manual clutches may pose a challenge to the market.

Impact of COVID-19

The COVID-19 pandemic has adversely affected the automotive clutch market as production facilities have been closed. Easing of restrictions has worked in favor of the industry as automotive companies have resumed production. Huge demand for electric vehicles may create opportunities in the coming years.

Segmentation

BFSI vertical dominating market demand

By type of clutch, the market is segmented into hydraulic clutches, dog clutches, friction clutches, etc. Dog clutches join two shafts to transmit motion. One of the toothed parts meshes with a slot in another part. In friction clutches, drive is transmitted by friction between surfaces attached to the driving and driven shafts.

Automated Transmission Systems to Dominate Market Share

Based on the type of transmission, the market is divided into automatic and manual. Advances in automation are likely to see automated transmission systems capture a significant market share. The launch of dual-clutch and hybrid dual-clutch transmission systems for modern vehicles is likely to drive the growth of the segment.

Commercial Vehicles to Lead Automotive Clutch Market

Based on vehicle type, the market is bifurcated into commercial vehicles and passenger cars. Commercial vehicles are likely to gain market share as logistics companies look to expand their fleets. This is evident from Eaton Group's launch of concentric pneumatic clutch actuators for spring clutches.

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Regional Analysis

Asia-Pacific to Capture Major Market Share

Asia-Pacific is expected to capture a significant market share due to technological breakthroughs in dual-clutch transmission systems and automotive sales. Investments in developing countries of India and China by major manufacturers will not only offset the prices of the products but the trend towards electric vehicles is also likely to boost the market demand.

Competitive Analysis

Valeo, Aisin Seiki, EXEDY, BorgWarner Clutch Auto Limited, Schaeffer, Eaton Corporation, Magneti Marelli, FCC, ZF Friedrichshafen etc. are the major players in the global automotive clutches market. The market is witnessing acquisitions and mergers as automotive companies look to consolidate the industry.

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