The automotive brakes and clutches global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Brakes And Clutches Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive brakes and clutches market size has grown strongly in recent years. It will grow from $25.7 billion in 2023 to $27.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to early automobile development, increased vehicle mass and speed, adoption of hydraulic brake systems, demand for improved safety features, evolution of automotive manufacturing processes.
The automotive brakes and clutches market size is expected to see strong growth in the next few years. It will grow to $33.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to electrification of vehicles, development of smart braking systems, focus on energy recovery systems, continued emphasis on safety and autonomous driving, . Major trends in the forecast period include brake-by-wire systems, regenerative braking technologies, lightweight and high-performance brake materials, integration with advanced driver assistance systems (adas), modular and compact clutch designs.
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Scope Of Automotive Brakes And Clutches Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The thriving automotive industry is expected to propel the growth of the automotive brakes and clutches market going forward. The automotive industry refers to all business activities involved in the production of automobiles, including most components such as engines, bodywork, tires, and batteries. Raising the automotive industry will increase the demand for automotive brakes and clutches as these are the essential parts of vehicles. For instance, According to McKinsey, the automotive revenue pool from traditional car sales and aftermarket products/services is expected to reach about $5.2 trillion, up by 50% from about $3.5 trillion in 2015. Overall global car sales will continue to grow at an annual rate of around 2% by 2030. The automotive industry in India is expected to reach $251.4-282.8 billion by 2026. Therefore, the thriving automotive industry is driving the growth of the automotive brakes and clutches market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The automotive brakes and clutches market covered in this report is segmented –
1) By Product: Original Equipment Manufacturer (OEM), After Market
2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
4) By Application: Passenger Car, Commercial Vehicle
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Regional Insights –
North America was the largest region in the automotive brakes and clutches market in 2023. The regions covered in the automotive brakes and clutches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automotive brakes and clutches market report are FCC Co. Ltd., BorgWarner Inc., NSK Ltd., Valeo Service Group, Robert Bosch GmbH, Brembo SpA, Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co. Ltd., Exedy Corporation, Eaton Corporation, Aisin Seiki Co. Ltd., Autoliv Inc., Tenneco Inc., Mando Corporation, Knorr-Bremse AG, Wabco Holdings Inc., Haldex AB, Meritor Inc., Hitachi Automotive Systems Ltd., Nissin Kogyo Co. Ltd., Advics Co. Ltd., Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, TRW Automotive Holdings Corp., Delphi Technologies plc, Charlotte Baur Formschaumtechnik GmbH, Woco Industrietechnik GmbH, Roechling Group, Erlingklinger AG
Table of Contents
1. Executive Summary
2. Automotive Brakes And Clutches Market Report Structure
3. Automotive Brakes And Clutches Market Trends And Strategies
4. Automotive Brakes And Clutches Market – Macro Economic Scenario
5. Global Automotive Brakes And Clutches Market Size and Growth
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31. Global Automotive Brakes And Clutches Market Competitive Benchmarking
32. Global Automotive Brakes And Clutches Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Brakes And Clutches Market
34. Automotive Brakes And Clutches Market Future Outlook and Potential Analysis
35. Appendix
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