Automotive Clutch Pressure Plate Market: Regional Analysis and Forecast for 2018-2028
by Kumar S. Digital Marketing SpecialistAccording to TechSci Research the global automotive
clutch pressure plate market is set to experience substantial growth in the
upcoming years. The type of clutch pressure plate utilized in vehicles is
determined by the type of clutch system present in the automobile and the type
of vehicle. Automotive clutch pressure plates are frequently found in friction
clutches, which can be single plate, multi-plate, or cone clutches. Cast iron
or stainless steel can be used to make automotive clutch pressure plates, which
are in high demand for installation in automobiles because of their superior
fuel economy compared to manual clutch pressure plates.
The COVID-19 pandemic resulted in a global lockdown aimed at
combating the novel coronavirus. Governments and authorities issued
precautionary guidelines and safety measures to protect people worldwide.
Manufacturing facilities were closed, and workers migrated to their homes,
leading to a shortage of skilled labor at manufacturing plants. The automotive
industry was significantly affected, resulting in a decline in car sales. The
import and export restrictions imposed by leading authorities negatively
impacted the supply chain, leading to a shortage of raw materials at
manufacturing plants. As lockdowns are lifted and authorities offer
relaxations, the global automotive clutch pressure plate market is expected to
gradually recover in the next five years.
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However, a lack of knowledge about the functionality of
clutch pressure plates and the growing demand for electric vehicles may create
a hindrance in the automotive clutch pressure plate market growth in the next
five years.
The report categorizes the global automotive clutch pressure
plate market into vehicle type, demand category, product type, regional
distribution, and company. The market can be bifurcated into two types of
product, coil spring type, and diaphragm type. A diaphragm clutch offers
advantages such as suitability for high speeds, compactness, and higher pedal
force, while a coil spring-type clutch exerts a force that increases with the
deflection. The vehicle type category includes two-wheelers, passenger cars,
light commercial vehicles, and medium & heavy commercial vehicle markets,
with the passenger car segment expected to hold a major market share in the
next five years due to the rise in population and economic growth. The demand
category category can be categorized into OEM and replacement, with the OEM
segment expected to witness significant growth due to market players increasing
production capacity to cater to the growing need of the rising population around
the globe, as well as the high demand for quality products and warranty
facilities offered by market players.
Makino Auto Industries Private Limited, Sassone SRL, Anand Group, APLS Automotive Industries Private Limited, Hebei tengda auto parts co., ltd, Raicam Clutch Ltd, Macas Automotive, California Custom Clutch Corporation, Setco Automotive Ltd, S. K. Auto Industries are the leading players operating in global automotive clutch pressure plate market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive clutch pressure plate manufacturers are coming up with their technologically advanced offerings.
“Market players are investing huge amounts for the technological
up-gradation of the existing infrastructure with the help of research and
development activities. The rise in the demand for fuel-efficient vehicles is
contributing to the development of advanced and improved clutches and the
market players are expanding their production capabilities along with adopting
attractive marketing strategies such as social media campaigns and hiring of
celebrities to increase the sales of automobiles is expected to propel the
market growth till 2028” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Automotive Clutch Pressure Plate Market By
Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium
& Heavy Commercial Vehicle Market) By Demand Category (OEM vs Replacement)
By Product Type (Coil Spring Type, Diaphragm Type) By Company, By Region,
Forecast & Opportunities, 2028” has evaluated the future growth
potential of global automotive clutch pressure plate market and provided statistics
& information on market size, shares, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the of global automotive clutch pressure plate
market.
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