The global automotive clutch market is anticipated to register a CAGR of about 6% during the forecast period (2019 – 2024).
Manual transmission vehicles accounted for a bulk of automotive sales till the beginning of the 21st century. The major automatic transmission cars sold were generally luxury vehicles. Presently, manual transmission cars form a bulk of the total automotive sales primarily due to the emerging markets. However, this proportion is gradually reducing. With the improvement in technology, semi-automatic and fully automatic vehicles are as fuel efficient as manually operated cars. In addition, the price difference between a manual transmission and the alternative transmissions has reduced significantly, making these options affordable even to an average car buyer.
The automated manual transmission market is expected to achieve the highest growth rate due to the rising demand from emerging economies. Magneti Marelli, ZF Friedrichshafen, Valeo are some of the important players in the automotive clutch market.
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The North American market, owing to strong demand from the United States and Mexico, is expected to be the second fastest growing region after Asia-Pacific. Rising domestic demand for personal automobiles is expected to fuel the growth of the clutch market in Mexico. Latin America, due to tough economic conditions is expected to see a low growth rate in the market; however, Brazil is expected to be a growing potential market.
Scope of the Report
The global automobile clutch market has been segmented by transmission type, vehicle type, and geography.
Key Market Trends
Increasing Demand for Battery Electric Vehicles - Expected to Hinder the Market Growth
Battery Electric Vehicles (BEVs) are not equipped with the transmission systems. The electric motors in Battery Electric Vehicles (BEVs) have a flat power curve, i.e., they can run efficiently at any rpm, thereby eliminating the need to shift gears. The growth of the global EV market has been due to their relatively low maintenance cost and growing environmental concerns. It is also fuelled by the shift towards sustainable transportation, which is expected to help reduce fossil fuel dependency. The years 2016-2018 have been especially good for electric vehicle sales, with the number breaching the 1 million mark in 2018.
The demand for EVs is ever increasing in countries like Japan and China, which are two of the biggest automotive hubs in the Asia-Pacific. Reduction in the growth of the automotive clutch market can also be anticipated in North America and Europe owing to the aforementioned factors related to EVs. In addition to the standard-bearing Tesla manufacturing electric vehicle, subsidies offered by governments is helping many other automotive companies to ramp up their electric vehicle portfolio. Tesla has been targeting 500,000 car sales annually by 2020, of which more than 45% are expected to be PEVs. Also, ecosystems for long-range electric vehicles are being created by opening charging stations across Europe and North America. In addition, patents are being made available freely, in turn, fueling the growth of PEVs, during the forecast period which in-turn might hamper the clutch market.
India and China to Spearhead Growth in the Asia-Pacific region
The Asia Pacific region is expected to be the largest market due to the sheer volume of cars being sold. China is expected to occupy a significantly high market share by the end of 2022 in the Asia-Pacific market. Factors such as increasing market penetration of premium cars and deployment of convenient powertrain systems in vehicles are accelerating the demand for the automotive clutch market. China is expected to overtake the United States as the world’s largest market for premium passenger cars, creating a huge potential for the growth of the automotive clutch market.
Improving economic conditions in the region, increasing disposable income and preference towards the automatic transmission, especially AMT technology is expected to help the Indian automotive clutch market grow. Also, stringent emission norms and fuel-efficiency standards in the form of Bharat Stage VI will see lighter and more fuel efficient clutch models to be developed, further driving the market.
Competitive Landscape
The global automotive clutch market is majorly held by transmission manufacturing firms who have a long-standing partnership with the major automobile manufacturing companies as their preferred suppliers. The top 10 players are expected to hold most of the market share as of 2018.
Some of the major players in this market are ZF Friedrichshafen, Magneti Marelli, Valeo, BorgWarner, and Aisin Seiki.
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Table of Contents
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Transmission Type
5.1.1 Manual
5.1.2 Automatic
5.1.3 AMT
5.1.4 Others
5.2 By Vehicle Type
5.2.1 Passenger Vehicles
5.2.2 Commercial Vehicles
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles
6.2.1 Magneti Marelli
6.2.2 ZF Friedrichshafen
6.2.3 Valeo
6.2.4 Eaton Corporation
6.2.5 WABCO
6.2.6 Exedy Corporation
6.2.7 Aisin Seiki Co Ltd
6.2.8 Borgwarner Inc
6.2.9 Schaeffler AG
6.2.10 Jatco
6.2.11 Allison Transmission
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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