According to the report by Expert Market Research (EMR), the Global Clutch Disc Market Size is projected to grow at a CAGR of 3.80% between 2023 and 2028. Aided by the escalating demand for efficient vehicles and increasing investments by governments to improve roads, the market is expected to grow significantly by 2028.
Clutch discs play a vital role in the operation of any vehicle with a manual transmission. They are central to the transmission system, ensuring smooth gear shifts and preventing direct contact between the engine and transmission. Besides vehicles, clutch discs are also used in many industrial machines and equipment to control power transfer between different components.
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The increasing consumer preference for smooth and efficient vehicles is a major factor propelling the global clutch disc market growth. With the rising awareness of the benefits associated with a well-functioning transmission system, there has been a significant shift towards vehicles equipped with high-quality clutch discs. Furthermore, the surging trend of motor sports and high-performance vehicles has additionally contributed to the growing popularity of high-performance clutch discs.
The expansion of applications of clutch discs in various industries is another key element propelling the clutch disc market development. In the industrial sector, clutch discs are used as a critical component in many machines and heavy equipment to control power transfer and prevent wear and tear. The agricultural industry utilises clutch discs in farming equipment like tractors and combine harvesters. In addition, clutch discs’ versatility makes them a vital component in the manufacturing of wind turbines, thereby facilitating the growth of the renewable energy sector.
Moreover, the growing demand for electric vehicles (EVs) has also brought focus to the clutch disc market, thus increasing the clutch disc market demand. Although many EVs operate on automatic transmission, the need for clutch discs in high-performance EVs and hybrid vehicles cannot be discounted. The trend towards EVs has necessitated the development of advanced, high-performance clutch discs that can cope with the unique demands of electric and hybrid powertrains.
Continuous technological advancements in the field of automotive components are fostering the clutch disc market expansion. The development of more durable, efficient, and heat-resistant clutch discs has been a notable trend in the market. Furthermore, innovations in materials used in clutch discs, such as carbon-carbon composites and ceramic materials, have led to the production of lighter, more durable, and heat-resistant clutch discs, thus driving market growth.
Clutch Disc Market Segmentation
The market can be divided based on type, transmission type, vehicle type, and region.
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Market Breakup by Type
- Below 9 Inches
- 9 Inches to 11 Inches
- Above 11 Inches
Market Breakup by Transmission type
- Manual Transmission
- Automatic Transmission
- Automated Manual Transmission
- Others
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global clutch disc companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Schaeffler Technologies AG & Co. KG
- ZF Friedrichshafen AG
- Aisin Seiki
- Kaustubh Motor Works LLP
- Valeo SA
- Others
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