Automotive Clutch Market Growth Challenges, Opportunities And Forthcoming Developments 2030

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2022
Automotive Clutch Market Opportunities, and
Trends in Coming Years
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With the mushrooming sales of automobiles,
especially in the Asia-Pacific (APAC) region, the
demand for automotive clutch is rising sharply.
According to the Organisation Internationale des
Constructeurs d'Automobiles, automobile
production increased to a record level of 97.4
million units across the world in 2017 after
exhibiting 8 years of continuous surge.
Furthermore, as per the India Brand Equity
Foundation (IBEF), automobile manufacturing in
the country rose at a CAGR of 2.36 from FY16 to
FY20, with the country witnessing the production
of 26.36 million vehicles in FY20. As the
automotive clutch is an important component of an
automobile, the rising sales of automobiles are
pushing up its requirement. This automotive
component basically enables the transmission of
power from the engine to the gearbox and controls
the functioning and speed of a vehicle, thereby
providing a smooth and comfortable driving
experience. In addition, it mitigates the effects
of torsional vibration and prevents transmission
overload, which is extremely necessary in order
to maintain the proper functioning of an
automobile. Request to Get the Sample Report
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Besides, the increasing concerns being raised
over vehicle safety in several countries are also
driving the demand for automotive clutches, which
is, in turn, fueling the expansion of the global
automotive clutch market. Moreover, the market is
predicted to exhibit huge expansion from 2019 to
2030 (forecast period). Automotive clutches are
required in three-wheelers, two-wheelers,
passenger cars, medium and heavy commercial
vehicles (MHCV), and light commercial vehicles
(LCV). Out of these, the incorporation of
automotive clutches was found to be the highest
in passenger cars and this trend is predicted to
continue in the upcoming years as
well. Geographically, the sales of automotive
clutches are currently the highest in the
Asia-Pacific (APAC) region, as per the
observations of the market research firm, PS
Intelligence. This is because of the surging
manufacturing of automobiles in the region.
Additionally, the rising urbanization rate and
the growing disposable income of people are also
boosting the sales of automobiles, which is, in
turn, propelling the demand for automotive
clutches in the region. Thus, it can be
concluded that the demand for automotive clutches
will shoot up in the coming years, mainly because
of the rising manufacturing and sales of
automobiles all over the world. More related
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This study covers 1. Historical and the present
size of the Automotive Clutch Market 2. Future
potential of the market through its forecast for
the period 2020 2030 3. Historical and the
present size of the market segments and
understand their comparative future
potential 4. Potential of on-demand logistics
services, so the market players make informed
decisions on the sales of their
offerings 5. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 6. Major players operating in
the market and their service offerings
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