The global Automotive Clutch Pressure Plate Market is projected to grow from $49.3 billion in 2021 to $70.1 billion by 2030, at a CAGR of 5.3% in terms of revenue.
One of the most crucial components of a car is the clutch pressure plate. The market for automotive pressure plates has expanded in recent years due to the rising demand for cars. Any car needs a pressure plate, mostly due to the size of the clutch system. They become a crucial component of clutch systems, which are typically marketed in large quantities. As a result, one of the key factors anticipated to propel the growth of the worldwide automotive pressure plate market throughout the forecast period is an increase in vehicle manufacturing, particularly electric vehicles.
A spring-loaded component that is bolted to the flywheel and has the ability to engage or disengage the flywheel and clutch disc is known as the clutch pressure plate in an automobile. Between the flywheel and the clutch disc is the clutch disc. There are primarily two varieties of these clutch pressure plates: coil spring type and diaphragm type. They typically have strong pressure resistance and high-stress limits. To achieve optimum efficiency, market participants are paying a large amount in research and development operations to lower the size of clutch pressure plates and boost the required properties.
Market Dynamics:
Drivers:
The expanding demand for passenger cars and other commercial vehicles, as well as the rising sales of automobiles and the global automotive industry, are the main factors driving the automotive clutch pressure plate market. Moreover, a manual clutch is substantially less expensive than an automatic clutch. As a result, it is anticipated that the automobile clutch pressure plate market would profit even more in the next years. Automotive clutch pressure plate market expansion is anticipated to be fueled by a spike in consumer preference for owning cars with automated and semi-automatic features to improve vehicle performance and efficiency.
Restraints:
Due to the high preference for riding comfort, the demand for clutches with higher fuel efficiency than manual transmissions is growing along with the popularity of automatic transmissions, which is anticipated to pose a significant barrier to the growth of the automotive pressure plate market in the future period. Along with this, the high cost of the material, installation cost, the need for technology, and some more factors will act as a restraint on this market.
Key Players:
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MACAS Automotive
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MK AUTO Group
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Setco Automotive Limited
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Apls Automotive Industries Pvt. Ltd.
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Makino Auto Industries Pvt. Ltd.
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ASK Automotive Pvt. Ltd.
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Valeo
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Friction Materials India Private Limited
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GOLDEN Precision Products Pvt. Ltd
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SASSONE SRL
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Raicam Clutch Ltd
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California Custom Clutch Corporation
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RSM Autokast Ltd.
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BorgWarner Inc.
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Schaeffler Group
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ZF Friedrichshafen AG.
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Eaton
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AISIN CORPORATION
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Clutch Auto Ltd.
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NSK Ltd.
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AMS Automotive.
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Schaeffler Group
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Torotrak
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Magneti Marelli
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California Custom Clutch
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Anand Group
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Hebei Tengda Auto Parts Co., Ltd.
Market Segmentation:
Automotive Clutch Pressure Plate Market, Product Type
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Coil Spring Type
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Diaphragm Type
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Automotive Clutch Pressure Plate Market, Clutch Type
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Single Plate Friction Clutch
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Multiplate Friction Clutch
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Cone Clutch
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Automotive Clutch Pressure Plate Market, Vehicle Type
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Passenger Car
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Light Commercial Vehicles
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Heavy Commercial Vehicles
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Automotive Clutch Pressure Plate Market, Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
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Regional Analysis:
In terms of market share and revenue growth, Asia Pacific dominates the market for automotive pressure plates. This is brought on by the region's rising vehicle volume and people’s demand for more such vehicles and many such reasons are some major points that help Asia Pacific region grow.
North America is expected to be the fastest-growing region during the forecast period 2022-2029 owing to increasing demand for auto parts. Yet, there has been a rise in the region's desire for automatic gearboxes. In the upcoming years, this can have a detrimental effect on sales in the automobile pressure plate market. Due to a growing demand for less expensive manual clutches, the adoption of automotive pressure plates is anticipated to rise throughout the MEA region as well.
Scope of the report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
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YoY growth (%) |
XX% |
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Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
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Current Market size |
USD 49.3 Billion |
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Forecast market growth |
USD 70.1 Billion |
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