The global clutch market size was evaluated at $11.45 billion in 2023 and is slated to hit $19.55 billion by the end of 2032 with a CAGR of nearly 6.12% between 2024 and 2032.
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Clutch Market: Development Agents
Clutch is a mechanical device that links the driving shaft to the shaft driven to start or stop the driven shaft depending on the driver without stopping the driving shaft. The clutch connects the two rotating shafts constantly.
The increasing inventiveness in the automobile sector has resulted in notable expansion of the clutch market worldwide. A clutch reduces the influence of torsional vibrations, lets a smooth start, helps a shaft, and stops transmission overload. Strict carbon pollution rules and demand for fuel-efficient cars are helping the clutch market for cars worldwide to develop rather dramatically. Furthermore expected to fuel the global clutch market for automotive are technological developments with dual clutch transmission technology. Further expected to drive this global market is the availability of low-priced manual transmission clutches in comparison to torque converters with automatic transmission capability.
Furthermore expected to drive the market during the forecast time period is consumer preference for extra easy forms of transmission in developing economies in line with increasing demand for passenger vehicles. On the other hand, the adoption of automatic transmission cars could compromise the automotive clutch business.
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The Global Clutch Market is segmented based on product, application and region
Global Clutch Market: Product Segment Analysis
● Wet Clutch
● Dry Clutch
Global Clutch Market: Application Segment Analysis
● Commercial
● Passenger
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The Global Clutch market profiles key players such as:
● Schaeffler AG
● Robert Bosch GmbH
● Secto Automotive
● Valeo
● BorgWarner Inc
● AISIN SEIKI
● ZF Friedrichshafen AG
● F.C.C. Co., Ltd
● EXEDY Corporation
● FTE Automotive
● AMS Automotive
Regional Analysis of the Clutch Market
Asia Pacific is expected to have a sizeable portion of the worldwide clutch market by region for cars. Thanks to rising automotive industry investments made in developing nations like India and China, the market demand in the Asia Pacific region is expected to grow dramatically during the projected time period. Moreover influencing the region’s clutch market for automotive are people’s rising levels of life and growing propensity toward automation.
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