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Since these components play a crucial role in manual transmissions, the clutch friction plate market revolves on the automotive industry at its core. The global car industry and its transactions are among the key factors that determine market dynamics. There is a proportional increase in demand for clutch friction plates as more cars are manufactured and sold globally. Customers will undoubtedly invest in new cars throughout financial development, igniting demand in clutch friction plates.
Additionally, novel advancements significantly impact market features. Car makers are always searching for advancements in clutch frameworks as they attempt to achieve ever-higher levels of eco-friendliness and performance. The adoption of electric vehicles (EVs) and the development of hybrid innovations also introduce new players to the market, as these cars may need different types of clutch systems or, in certain cases, completely replace the need for traditional clutch friction plates. For instance, there may be a movement toward materials that are innocuous to the environment and lessen the ecological impact of their manufacturing and disposal. This dynamic becomes increasingly relevant when automakers are under pressure to adopt environmentally friendly procedures.
Companies try to set themselves apart via product quality, estimation techniques, and customer support. Crucial companies, mergers, and acquisitions also have a role in shaping the competitive aspects of the market. These actions might lead to the consolidation of key players or the exclusion of new, problematic competitors, which will impact market offerings and overall seriousness.
Variations in product markets, such as those for metals used in friction plate manufacturing, may lead to adjustments in ongoing expenses that customers may receive. Furthermore, disruptions in the supply chain, either from natural disasters or global events, may have ever-widening effects on the components of the market, affecting consumer demand as well.
Awareness and detection of patterns, for instance, might lead to new challenges and opportunities for the industry in the case of autonomous and electric cars. In order to be competitive, makers must continue to be sensitive to these shifting tendencies and modify their contributions accordingly. Partners operating in this industry should investigate these factors with a firm hand to seize opportunities, mitigate risks, and stay abreast of the rapidly evolving automotive landscape.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product Type, Product Application |
Clutch Friction Plate Market Highlights:
Clutch Friction Plate Market Overview
Clutch Friction Plate Market Size was valued at USD 10.5 Billion in 2022. The Global Clutch Friction Plate market is projected to grow from USD 10.83 Billion in 2023 to USD 13.94 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2023 - 2032). Growing vehicle park, technical improvements, demand from electric vehicles, aftermarket requirements, performance expectations, and regulatory considerations, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Clutch Friction Plate Market Trends
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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.
Clutch Friction Plate Market Segment Insights
Clutch Friction Plate Product Type Insights
The Clutch Friction Plate Market segmentation, based on Product Type includes MT, AMT and DSG. The DSG segment dominated the market and held the market share of 42.7%. The gearbox system, vehicle type, planned performance, and particular application requirements all have a role in the choice of clutch friction plate type.
Clutch Friction Plate Product Application Insights
The Clutch Friction Plate Market segmentation, based on Product Application, includes Passenger Vehicle and Commercial Vehicle. The passenger vehicle segment dominated the market and held the market share of 59.4%. Due to the large variety of vehicles used for personal transportation that make up the passenger vehicle category, there is a significant need for clutch systems and related components, such as friction plates.
Figure 1: Clutch Friction Plate Market, by Product Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Clutch Friction Plate Regional Insights
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, MRFR 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.
Clutch Friction Plate Key Market Players & Competitive Insights
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.
Key Companies in the Brake Friction Plate Market include
- 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
Clutch Friction Plate Industry Developments
OCT 2020 Valeo announced the introduction of its Aquasitation technology, which lessens noise, vibrations, and harshness to enhance clutch system performance in wet circumstances.
Sept 2021 Aisin Seiki new develops new clutch system for use in electric vehicle.
Brake Friction Plate Market Segmentation
Clutch Friction Plate Product Type Outlook
- MT
- AMT
- DSG
Clutch Friction Plate Product Application Outlook
- Passenger Vehicle
- Commercial Vehicle
Clutch Friction Plate Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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