Clutch Disc Market Size:
Automotive clutch market size in terms of volume is projected to reach 125,600.8 thousand units, generating a total estimated market value of around US $10,236.0 Million by 2019.
The clutch disc market is estimated to have quiet inclination curve in the growth during the forecast period. Clutch discs are mechanical parts that act as power transmission from driving shafts to driven shafts. These are arranged between the fly wheel and pressure plate. The pressure applied on the clutch disc enables the transmission shaft to rotate along with it. Proper checking is to be taken about the clutch disc as they slow down the gearing system.
Clutch Disc Market Overview:
The clutch discs have key role in functioning of gear system in the vehicles. The regular check of the clutch discs is very important in order to have smooth driving and avoid accidents. The clutch discs market is surging up its performance level in the automobile industry with its varied applications. The government support in investments is also propelling the growth of the market. North America is the leading region in the global clutch discs market, which is expected to have steady growth in the future.
Growth Opportunities, Challenges and Restraints of Clutch Disc Market
The rapid increase in the population proportionally increases the need for the transportation, which is driving the market growth through automobile industry. The government support in investments is also propelling the growth of the market.
However, the high cost of raw materials implies the cost of the final products is slightly inhibiting the growth of the clutch disc market. The risk factors and high accidents due to failure of the clutch functionalities are challenging factors in the market.
The advanced technology developments in process of the clutch discs seem good for the opportunities in the market to grow extensively in the near future. The change in lifestyle and increasing disposable income in urbanized areas is also looking forward for great chances in the market.
North America region is leading the market share of Clutch Disc Market
North America is accounted to lead the market shares, owing to quick adoption of the advanced technology in developing innovative techniques in process of clutch discs. Asia Pacific will witness dominating shares following North America. Being most populated region, the increase in the demand for transportation is accelerating the growth of sthe market. Europe is elevated to grow at faster rate in the near future.
Few of the leading companies dominating the Market profiled in the report are:
- Schaeffler AG.
- NSK Ltd.
- Aisin Seiki Co., Ltd.
- Borgwarner Inc.
- ZF Friedrichshafen AG.
- Valeo S.A.
- Eaton Corporation PLC
- Exedy Corporation
- F.C.C. Co., Ltd.
- Clutch Auto Limited
This research report includes following segmentation for the Clutch Disc Market size and forecast 2019
Clutch Disc Market - By Product Type:
- 9 inches
- 9 inches to 11 inches
- Above 11 inches
Clutch Disc Market - By Application:
- Friction Clutch
- Electromagnetic Clutch
Clutch Disc Market – By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa