Clutch Friction Plate Market

• Increased automotive industry growth is driving the market growth

The expansion of the automotive sector has a significant impact on the market for clutch friction plates. The growth of the automotive industry is fueled by a number of causes, including urbanisation, rising disposable income, and population growth throughout the world. Demand for automobiles rises as more people can afford to buy them, boosting the demand for clutch systems, particularly friction plates. 

Additionally, the production and ownership of vehicles have increased significantly as a result of economic growth in emerging economies. Rapid industrialization and urbanisation in nations like China, India, and Brazil have led to a significant rise in the number of automobiles on the road. Because older vehicles need replacement parts, including clutch systems, the rise of the clutch friction plate market is directly attributed to the increase of the vehicle parc.

Moreover, the need for clutch friction plates is significantly fueled by technical developments in the automobile sector. Improved friction materials are always being developed by manufacturers to provide higher performance, durability, and heat resistance. This makes it possible for automobiles to shift gears more smoothly, transmit torque more effectively, and perform better overall. 

As a result, there is a persistent need in the market for improved, premium clutch friction plates.The expansion of the automotive sector is a major factor propelling the clutch friction plate market. The need for clutch systems, particularly friction plates, rises in tandem with the growth in vehicle production and sales. The demand for automobiles is being fueled by the rising global population, increased disposable income, and urbanisation, which is driving the market for clutch friction plates.

Several important factors are now influencing the clutch friction plate market and will likely continue to do so. These patterns are a result of both technological improvements and changing automobile industry requirements. Here, we go over several major developments affecting the clutch friction plate market.The rising demand for high-performance friction materials is one of the key market trends. 

It is essential for clutch friction plates to have outstanding heat resistance, durability, and friction properties since they are a key part of how power is transferred from the engine to the transmission. Modern friction materials with improved performance and longer lifespan are being used more and more by automotive OEMs and aftermarket suppliers. These materials, which include carbon composite, ceramic, and carbon-carbon, offer improved frictional qualities, improving clutch engagement, reducing slippage, and extending clutch life.

The use of dual-clutch gearboxes (DCTs) in passenger vehicles is a noteworthy development as well. With the quick and seamless gear changes provided by DCTs, acceleration is smoother and fuel efficiency is increased. There is a demand for specialised clutch friction plates made to handle the particular demands of these transmissions due to the increasing popularity of DCTs. 

During quick gear changes, these plates must be able to handle greater torque levels, ensure precise engagement, and give consistent performance. Manufacturers are spending money on R&D to create clutch friction plates that are tailored to the needs of DCTs in order to serve the growing market segment.

The market for clutch friction plates is also being impacted by the increase of electric cars (EVs). There is a rising need for clutch friction plates that are especially made for EV drivetrains as the automobile industry electrifies. EVs frequently use single- or multi-speed gearboxes, and clutch systems are needed to control torque and power distribution in these types of transmissions. 

Clutch friction plates, however, face new difficulties as a result of the distinctive features of EVs, such as strong torque at low speeds and regenerative braking. To facilitate the shift to electric mobility, manufacturers are creating cutting-edge solutions that can manage the demands of EV powertrains, such as materials with high thermal conductivity, decreased wear, and enhanced efficiency. Thus, driving the Clutch Friction Plate market revenue.

The Global Clutch Friction Plate Market Industry experiences growth driven by the rising automotive production across various regions. As manufacturers ramp up vehicle output to meet consumer demand, the need for high-quality clutch friction plates becomes paramount. In 2024, the market is projected to reach 11.2 USD Billion, reflecting the industry's response to increased vehicle assembly. Countries such as China and India are leading this surge, with their automotive sectors expanding rapidly. This trend suggests a robust demand for clutch components, as they are essential for vehicle performance and safety.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Clutch Friction Plate Market dominated this market in 2022 (51.4%). Boosting the market in this region are the growing middle-class population, increased disposable income, and urbanisation. Moreover, China’s Clutch Friction Plate market held the largest market share, and the Indian Clutch Friction Plate market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Clutch Friction Plate Market Share By Region 2022 (Usd Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The North America Clutch Friction Plate Market accounts for the second-largest market share. The need for advanced clutch friction plates is influenced by technical improvements, strict pollution regulations, and a preference for high-performance vehicles will boost market growth in this region. Further, the U.S. Clutch Friction Plate market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.

Europe Clutch Friction Plate market is expected to grow at the fastest CAGR from 2023 to 2032. The increasing number of luxury and high-performance automobiles as well as the presence of prominent automakers both supports the market's expansion. Further, the German Clutch Friction Plate market held the largest market share, and the UK Clutch Friction Plate market was the fastest growing market in the European region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the brake friction plate market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Clutch Friction Plate industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Clutch Friction Plate industry to benefit clients and increase the market sector. In recent years, the Clutch Friction Plate industry has offered some of the most significant advantages to medicine.

Major players in the Brake Friction Plate Market including Schaeffler, Brembo, BorgWarner, Honeywell International, Ferodo, TMD Friction Services, TRW, Automotive Holdings, ACDelco, Aisin Seiki, Carlisle Brake & Friction, Champion Technologies, Clutch Auto, Cook Bonding & Manu, Kema Material and others, are attempting to increase market demand by investing in research and development operations.

Schaeffler AG (Schaeffler) is a creator, producer, and seller of precision goods for a range of uses. Rolling bearings, spherical plain bearings, plain bearings, mechatronics, linear goods, and precision components are just a few of the many products that the company offers. These goods are marketed by the corporation under the INA, LuK, and FAG brand names. In addition to digital services, it offers maintenance for goods and services. Additionally, Schaeffler provides products and services for the automotive, aerospace, and industrial markets.

The corporation has operations in China, Mexico, Germany, the US, Korea, and Russia through its distribution businesses, production sites, and centres for research and development. German city of Herzogenaurach serves as the company's headquarters.

BorgWarner Inc (BorgWarner) is a supplier of parts and components for the automotive industry. It produces and provides internal combustion engine, hybrid, and electric vehicle products for light, medium, and heavy-duty vehicles as well as off-road applications. Turbochargers, emission and thermal systems, gearbox components and systems, timing devices and chains, torque transfer systems for all-wheel drive, and rotating electrical devices are among the company's product offerings. It sells goods to original equipment producers of light vehicles, such as vans, light trucks, sport utility vehicles, and passenger cars, as well as other OEMs of commercial and off-road vehicles.

The business operates in Asia, Europe, and North America. The US city of Auburn Hills, Michigan, is home to BorgWarner's headquarters.