Key players are ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Schaeffler AG (Germany), Valeo S.A. (France), and EXEDY Corporation (Japan)
(PRWEB) March 12, 2015
The report Automotive Clutch Market - Forecast and Analysis to 2019, classifies and defines the automotive clutch market in terms of volume and value. The report highlights potential growth opportunities in coming years and reviews the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects of the automotive clutch market. The global automotive clutch market size in terms of volume is projected to reach 125,801.8 thousand units, generating a total estimated market value of around $10,676.0 million, by 2019.
Browse 89 market data tables and 61 figures spread through 154 pages and in-depth TOC on Automotive Clutch Market.
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The North American region comprises the U.S., Mexico, and Canada. Mexico is an emerging market in this region. The automotive clutch market in the U.S. is estimated to grow at a CAGR of 6.54% due to the rising demand for vehicles. Moreover, the increasing penetration of electric vehicles is estimated to drive the market for automotive clutches in the region.
In Europe, the majority of transmission systems are manual; however, the trend is changing, with semi-automatic and fully automatic transmission overtaking manual transmission on account of the convenience they offer. As a result, OEMs are now shifting towards adopting automatic transmission in their vehicles. In automatic transmission systems, the manual clutch is replaced by a torque convertor. This is hindering the growth of the automotive clutch market. Torque converters, however, are currently equipped in larger vehicles, where a smoother shifting experience is more aligned to customer expectations.
The Asia-Oceania region includes some heavy-weight nations such as China, Japan, South Korea, and India. With a combined population of 1/3rd of the global population, the demand for vehicles in the region is rising steadily. This is driving the market for automotive clutches. The region has the maximum penetration of manual and semi-automated transmission, which has made clutches an inevitable and integral part of the transmission system. Hence, the change in the proportion of the total automobile production in the region is also driving the market for automotive clutches.
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The report classifies and defines the automotive clutch market in terms of volume and value. The market size from 2012 to 2019 with regard to volume is provided in terms of thousand units, whereas the market size by value is provided in terms of USD million. The automotive clutch market is broadly classified by region (Asia-Oceania, Europe, North America, and ROW), focusing on key countries in each region.
The report provides qualitative and quantitative insights into the automotive clutch market. It also contains a comprehensive review of drivers, restraints, opportunities, challenges and key issues in the automotive clutch market. The key players in this market have also been identified and profiled.
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