The global automotive clutch rotor market is estimated at US$ 10.45 Billion in 2021 and is projected to secure a value of US$ 10.91 Billion in 2022. The market is anticipated to secure US$ 14 Billion and record a CAGR of 7% during the forecast period from 2022 to 2032.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 10.45 Billion |
| Expected Market Value (2022) | US$ 10.91 Billion |
| Anticipated Forecast Value (2032) | US$ 14 Billion |
| Projected Growth Rate (2022-2032) | 7% CAGR |
The market is expected to witness significant growth in developing countries owing to the expansion of automotive and industrial machinery. The growing trend of 4WD vehicles has surged in various developed nations, and customers are looking for torque/power and various organizations are also buying these vehicles to endure a heavy load at a slow speed.
The demand for automatic transmission vehicles is larger than vehicles with manual transmission in Europe, which makes Europe a lucrative market during the forecast period. The demand is projected to expand in North America as well. The growth in the region can be attributed to the rising purchasing power.
Based on vehicles, the market is expected to be dominated by passenger vehicles. The expansion of the market can be attributed to the increasing demand for passenger vehicles. Besides, the high production of passenger vehicles is projected to drive the industry in the forecast period.
Key players of the market have been taking several initiatives to meet the need of customers, which has significantly profited the automotive clutch rotor market. Strategies such as partnership, acquisition, and mergers are some of the adopted strategies.
In February 2020, ZF Friedrichshafen AG (ZF) accomplished the acquisition of WABCO Holdings Inc. It procured all outstanding shares of WABCO for USD 136.50/ share. It was an all-cash transaction for equity surpassing USD 7 Bn. The acquisition aims to develop clutches, chassis components, dampers, and systems for automotive applications and other essential components.
In another instance, Maruti Suzuki India Ltd. announced the acquisition of Japan’s Sumitomo Corporation’s stake in their joint venture JJ Impex. The company is engaged in automobile service. With such a venture, the automotive clutch rotor industry is expected to witness opportunities for expansion in the coming time.
There has been a shift from conventional fuel vehicles to electric vehicles. EVs eliminate the need pf clutch rotor, which inhibits market growth. The increased demand for EVs can be attributed to the sustainability and the imposition of stringent rules by the government of various countries. The demand for EVs has been increasing due in countries like Japan and China, which are the most globally renowned automotive hubs across the globe.
Besides, there has been a downfall of the market in North America and Europe as well. For the aforementioned reasons, the market in North America is likely to suffer. Besides, the subsidies offered by the governments and the standard-bearing Tesla manufacturing EVs have further boosted the portfolio of EVs.
The major factor contributing to the growth of the automotive clutch rotor market is the increasing manufacturing of vehicles and the growing purchasing power in countries like India and China. As per the analysis, APEJ is expected to record a CAGR of 5.5% during the forecast period from 2022 to 2032.
However, the region has witnessed a downfall in sales and production of vehicles owing to the increasing demand for EVs. China recorded more than 60% of EVs sales in 2018. In 2019, China and India both witnessed a significant drop in market growth due to high fuel and insurance costs, imposition of GST in India, and trade tensions.
The analysis reveals that the LCV production in Europe is expected to record a CAGR of 4% during the forecast period. The increasing production of LCV can be attributed to the new ridesharing platforms. With the spurring number of LCVs, the expansion scope of the automotive clutch rotor has spiked notably.
France and Germany are expected to witness make the most significant contribution in developing the market during the forecast period. Germany is a globally renowned automobile hub in Europe, which has the largest market share in the European market. Also, the market is experiencing the entry of new startups, which is another important factor augmenting the industry in Europe.
Some of the key participants of the global automotive clutch rotor market include OGURA CLUTCH CO., LTD., Indo Flux Engineers, Vortex Engineering Works India Pvt. Ltd., Global Autotech Ltd, Magtrol, EIDE, Deltran Clutches & Brakes, Schaeffler, AMS Automotive, ElectroMagneticWorks, Inc., AussieBrakes&Clutches among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Customization | Available Upon Request |
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FMI projects the global automotive clutch rotor market to expand at a 7% value CAGR by 2032
APEJ is expected to grow at the fastest pace while recording a CAGR of 5.5%
OGURA CLUTCH CO., LTD., Indo Flux Engineers, Vortex Engineering Works India Pvt. Ltd., Global Autotech Ltd, among others are some of the known players in the market.
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