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Electromagnetic Clutch System Market

Market Insights on Electromagnetic Clutch System covering sales outlook, demand forecast & up-to-date key trends

Electromagnetic Clutch System Market By Product type (Dry, Wet, Magnetic Power), Application (Lawnmowers, Wire Drawing Machine, AWD Vehicle, Locomotives, Conveyor Drives), End Use (Automotive Industry, Printing Industry, Textile Industry, Packaging Industry, Machine tools) & Region - Forecast 2022-2032

Electromagnetic Clutch System Market Overview

The electromagnetic clutch system market is projected to register a CAGR of 5.2% during the forecast period, up from US$ 4.52 Bn in 2022 to reach a valuation of US$ 7.5 Bn by 2032.

The sales of electromagnetic clutch system are anticipated to grow due to factors such as global growth in the automotive sector and greater demand for electromagnetic clutch system in 4-WD cars. Furthermore, the widespread usage of electromagnetic clutch systems may result in an overheating problem, which may affect the electromagnetic clutch system market share.

Attributes

Details

Electromagnetic Clutch System Market Value (2022)

US$ 4.52 Bn

Electromagnetic Clutch System Market Projected Value (2032)

US$ 7.5 Bn

Electromagnetic Clutch System Market CAGR (2022-2032)

5.2%

The sales of electromagnetic clutch system are anticipated to grow due to factors such as global growth in the automotive sector and greater demand for electromagnetic clutch system in 4-WD cars. Furthermore, the widespread usage of electromagnetic clutch systems may result in an overheating problem, which may affect the electromagnetic clutch system market share

Many leading players are focusing on replacing clutch switches with touch sensors or proximity sensors to facilitate vehicle gear changes, as these sensors can work quickly and efficiently compared to manual switches. This opportunity is expected to propel the demand for electromagnetic clutch system and contribute to the electromagnetic clutch system market share.

The sales of electromagnetic clutch system are projected to witness growth in developing countries across various regions due to the rise in automotive and industrial machinery. There has been an increase in the demand for electromagnetic clutch system in 4WD vehicles in many countries. 

Furthermore, the sales of the electromagnetic clutch system are growing as customers are looking for additional torque/power, plus many organization and industries are also buying these vehicles to pull a heavy load at a slower speed.

The electromagnetic clutch system plays a significant role in these vehicles as it helps in providing more power to all automobiles. Hence, the growth of these vehicles is likely to show a positive impact on the electromagnetic clutch system market share.

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What are the Key Drivers of the Electromagnetic Clutch System Market Share?

The electromagnetic clutch (EC) system is a component of the power transmission assembly that uses electromagnetic force to transport electricity. Due to this function, the demand for electromagnetic clutch systems is anticipated to grow. 

The electromagnetic clutch system's key components are the coil shell, armature, rotor, and hub. The demand for electromagnetic clutch system is not confined to the automotive industry.

Rather, it has a presence in a variety of industries, including industrial machinery, food and beverage, and agriculture, among others. Due to this rising demand, the sales of electromagnetic clutch system is anticipated to grow throughout the forecast period.

Furthermore, the sales of electromagnetic clutch system are anticipated to witness a spike as there is no need for any form of linkage. As a result, electromagnetic clutch systems are gaining popularity in wireless applications for controlling or disengaging the clutch from power transmission.

The sales of electromagnetic clutch system are rising owing to their numerous applications. For example, it can replace the clutch pedal with switches. 

Leading competitors in the global electromagnetic clutch system market are focusing on replacing clutch switches with touch sensors or proximity sensors to make vehicle gear changes easier, as sensors can function faster than manual switches. Due to these actions performed by key players, they are anticipated to witness a rise in sales of electromagnetic clutch system.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Region holds the Highest Growth Potential in the Electromagnetic Clutch System Market?

Due to rising fleets of automotive vehicles coupled with rising growth in industrial machinery, the Asia Pacific region is expected to account for a significant splinter in the global electromagnetic clutch system market share during the forecasted time period. This, in turn, is expected to shape up the global demand for electromagnetic clutch system over the coming years. 

Europe is also expected to have significant potential for electromagnetic clutch systems in the next decades, owing to the strong production of industrial products and packing machines, among other things. 

The North American region is likely to gain additional traction as a result of increased luxury vehicle sales and a developing end-use industry, which is expected to drive the value demand for electromagnetic clutch systems throughout the forecast period.

Due to a lack of production facilities, the Middle East and Africa region is expected to expand with a smaller share of the global electromagnetic clutch system market. However, due to rising middle-class affluence, the GCC and Turkey countries are likely to develop at a large rate in the next years.

How Strong is the Competition in the Electromagnetic Clutch System Market?

Key players in the global electromagnetic clutch system market include Altra Industrial Motion Corp., The Carlyle Johnson Machine Company, LLC, Pethe Industrial Marketing Company Pvt. Ltd., Modimaz Engineers, Ogura Industrial Corp., Yan Co., Ltd., VICTOR GROUP, Samvardhana Motherson Group, Industrial Clutch Parts Ltd, Stearns.

Recent Developments

  • Ogura Industrial has released a new marketing brochure for outdoor power equipment PTO clutches and brakes. To start and stop a revolving object like a cutting blade, these PTO clutch/brakes combine an electromagnetic clutch with a mechanical brake. They're mostly found on zero-turn mowers, consumer lawn tractors, stump grinders, and portable sawmills.
  • Altra Industrial Motion Corp. (Nasdaq: AIMC) ("Altra" or the "Company"), a leading global manufacturer and supplier of motion control, power transmission, and automation products, announced today that it has reached an agreement with Cummins Inc. to sell its Jacobs Vehicle Systems (JVS) business for $325 million. In 2021, the company brought in about $193 million in sales.
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Scope of Report

Report Attribute

Details

Growth rate

CAGR of 5.2% 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 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Product type, disk type, end use, application, sales channel, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Altra Industrial Motion Corp., The Carlyle Johnson Machine Company, LLC, Pethe Industrial Marketing Company Pvt. Ltd., Modimaz Engineers, Ogura Industrial Corp., Yan Co., Ltd., VICTOR GROUP, Samvardhana Motherson Group, Industrial Clutch Parts Ltd, Stearns

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Frequently Asked Questions

The electromagnetic clutch system market is forecasted to register a CAGR of 5.2% during the forecast period.

Key players holding substantial electromagnetic clutch system market share include Altra Industrial Motion Corp., The Carlyle Johnson Machine Company, LLC, Pethe Industrial Marketing Company Pvt. Ltd., Modimaz Engineers, Ogura Industrial Corp., Yan Co., Ltd., VICTOR GROUP, Samvardhana Motherson Group, Industrial Clutch Parts Ltd, and Stearns.

As per the analysis, the electromagnetic clutch system market share is likely to be US$ 7.5 Bn by 2032.

Demand for electromagnetic clutch system is likely to rise due to rising fleets of automotive vehicles coupled with rising growth in industrial machinery.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Electromagnetic Clutch System Market