It is projected that the automotive clutch market 2020 can observe considerable growth at a strong rate between 2016 and 2022, anticipates Market Research Future (MRFR). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.
Notable competitors listed in the market study are EXEDY (Japan), Eaton Corporation (Ireland), ZF Friedrichshafen (Germany), Valeo (France), Magneti Marelli (Italy), BorgWarner Clutch Auto Limited (USA), Schaeffer (USA), Aisin Seiki (Japan), Fuji Chemical Co. (FCC) (Japan), and more.
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The COVID-19 outbreak has been a major cause for the massive decline in vehicle sales worldwide, resulting from the shutdowns along with the fluctuations in prices. Renowned automotive manufacturers are taking up various tactics in a bid to mitigate the detrimental impact of the pandemic by examining their dealerships to facilitate flow of services. The short-term impact of COVID-19 on the automotive industry has led to closing of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of components from China, following the imposition of the lockdown across various regions. Following the onset of SARS-CoV-2, the demand in the market for commercial vehicles has dropped substantially because of the shutdown of all the non-essential services everywhere.
With that said, experts believe that by the time a COVID-19 breakthrough is achieved, the automotive clutch market can remain resilient, due to the continuous efforts given by the renowned players to control revenue losses, backed by recovery tactics such as acquisitions and mergers, and more. Although the impact of the novel coronavirus has been significant, the mounting need for better fuel efficiency, increasing disposable income and the strict stringent emission norms can positively shape the automotive clutch market in the coming period.
Key Boosters and Main Barriers
In June 2020, Nissan is set to release its Rogue compact SUV this year that has various new driver assistance features including the AWD system equipped with an advanced electro-hydraulic clutch that is highly responsive to wheel slip and can change traction at a quick rate. A majority of the leading industry contenders are indulging in strategic tactics such as new product launches, joint ventures, as well as mergers and acquisitions to expand their reach across the globe and gain a better market position.
The increasing technical advancements in automobiles across emerging regions can be a major factor boosting the revenue growth of the automotive clutch market. The rising purchasing power, increasing standard of living, and growing urbanization in developing economies also contribute to the market growth in a big way. Since these factors are helping with the growth of the worldwide automotive industry, there is no doubt that the automotive clutch market will also benefit in the long run.
Vehicles that are fitted with Automated Manual Transmission/AMT systems are gaining popularity across the world, given their affordability compared to Automated Transmission systems, which works in favor of the market. The high demand for fuel efficiency and the prevalence of strict standards and regulations pertaining to vehicle safety along with emission policies that promote the use of advanced systems like the Dual Clutch Transmission/DCT system can emerge as significant opportunities in the automotive clutch industry.
The automotive clutch industry has been considered for clutch type, transmission type and vehicle type.
The segmentation depending on clutch type includes hydraulic clutch, friction clutch, dog clutch, and more.
The transmission types covered in the market study are automated as well as manual.
With respect to the vehicle type, the market caters to passenger cars and commercial vehicles.
The automotive clutch market is spread across the key regions of Europe, North America, APAC/Asia Pacific, and RoW/rest of the world.
The APAC market is currently the leader, in terms of share, as a result of the high automotive sales and the increasing number of technological innovations. The thriving automotive manufacturing sector in India and China are also resulting in major business growth. Some other factors enhancing the market growth include the high availability of lower priced manual transmission clutches along with the rising consumer demand for convenient modes of transmission. Another profitable market in the region belongs to Japan, which has a significant number of well-established companies.
The North American is performing well, thanks to the rising vehicle sales, preference for electric vehicles, and frequent technological development in the automotive industry. The highest gainer in the region is the US market, which observes consistent technological innovations in automobiles. The considerable spending on research and development activities also induces market expansion in the region.
Study Objectives of Automotive Clutch Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Automotive Clutch markets Market.
- To provide insights about factors affecting the market growth.
- To analyze the Automotive Clutch markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Transmission type, Clutch type, Vehicle type and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system.
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