Automotive Drive Plate Market is predicted to grow from USD 590 billion in 2021 to USD 804.11 billion by 2030, at a CAGR of 3.5% during the forecast period
A torque converter's input and output are connected by a metal disk known as an automotive drive plate in automobiles. The automotive drive plate serves as the starter point of contact with the crankshaft. During an engine start-up in addition to transferring the torque from the crankshaft to the converter. Drive plates for automobiles are also referred to as flex plates.
An automotive drive plate with a ring of teeth is fastened with bolts between the crankshaft and torque converter. The clutch assembly of cars is linked to a drive plate. When the torque converter's rotating speed changes, an automotive drive plate can flex from side to side to accommodate the motion of the converter. The automotive drive plate is most frequently used in vehicles with automatic transmissions or passenger automobiles that have automatic transmissions.
In the upcoming years, the demand for automotive drive plate is anticipated to increase. This is due to the rising demand for advancement in the automotive sector and rapid urbanization and industrialization.
Market Dynamics:
Drivers:
There is an increase in consumer preferences for semi-automatic and fully automated transmission systems. Also, the production of automobiles has increased globally, which has fueled the growth of the automotive driver plate market.
The type of vehicle is a key factor in the sale of automotive drive plates. The disposable income of the world's population has also increased. As a result, there is now a higher need for passenger cars for daily mobility. These factors are propelling the growth of the automotive driver-plate market.
Restraints:
Alternative drive plates, including flywheels and automobiles with manual transmissions, are more frequently used on the international market than automatic transmissions. This is one of the elements that could limit the expansion of the automobile drive plates market.
Opportunities:
The automotive drive plate market is expected to be driven by the rising demand for passenger automobiles in developing nations. Vans, lorries, and buses that can pick up passengers are considered passenger vehicles. The rising consumer demand for semi- or fully automatic transmission systems will boost market growth.
Key Players:
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California Custom Clutch Corporation
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Anand Group
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K Auto Industries
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Raicam Clutch Ltd
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Makino Auto Industries
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Hebei Tengda Auto Parts Ltd
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RSM Autokast
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Golden Precision Products Pvt Ltd
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Sassone SRL
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Apls Automotive
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Setco Automotive Ltd
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Super Circle
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NUCAP
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MAT Foundry Group Ltd.
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INDUS Marmara Auto Components Pvt Ltd.
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Dorman Products
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Ridex GMBH
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ORTLINGHAUS-WERKE GmbH
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Sparex
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RSB Tech Solution
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ACDelco
Market Segmentation:
Automotive Drive Plate Market, By Type
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Stock-Style Stamped Steel
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One-Piece Billet
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Two-Piece Billet
Automotive Drive Plate Market, By Application
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Passenger Vehicles
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Commercial Vehicles
Automotive Drive Plate Market, By Material
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Aluminium
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Alloy Steel
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Carbon Steel
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Brass
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Bronze
Automotive Drive Plate Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
Regional Analysis:
North America currently accounts for the largest automotive drive plate market share. This is due to the huge concentration of SUV producers in this area. The market is expanding due to factors such as the rising trend of giving cars a rigid appearance, the safety of crucial parts, and people's growing preference for SUVs. The expansion of the automotive drive plate market in this area is also due to the increase in tourism, off-road activities, and races.
Asia Pacific is anticipated to show significant market growth. The primary factor driving the expansion of the automotive plate market in this area is the rising sales and production of automobiles. Also, the growing popularity of off-roading and vehicle customization is anticipated to fuel market expansion.
Scope of the Report:
|
Report Coverage |
Details |
|
Base year |
2021 |
|
Forecast period |
2030 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
|
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
|
Current Market size |
USD 590 Million |
|
Forecast market growth |
USD 804.11 Million |
User
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Introduction
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Market Size Estimation
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In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
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