Global Clutch Disc Market Report and Forecast 2024-2032

Global Clutch Disc Market Outlook

The global clutch disc market size stood at a value of around USD 4.54 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.80% to reach USD 6.36 billion by 2032.

Above 11 Inch Segment Holds a Significant Share in the Global Clutch Disc Industry

Clutch discs with larger diameters provide a better holding capacity and dissipate heat better to maintain the flatness of clutch surface. In addition to this, the larger clutch disc enables the driver to reduce the slipping of the clutch in order to keep the vehicle moving.

Over the forecast period, the increasing popularity of single clutch disc systems with 12 inch discs is anticipated to propel the demand for the above 11 inch segment. These discs provide an increased clamp load along with easy pedal effort. The larger clutch disc also supports greater clamp loads, which increases the life of the clutch system, thereby, reducing the clutch maintenance costs. This factor is likely to be a major invigorating factor for the clutch disc market in the forecast period.

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The Asia Pacific Region to Account for a Significant Share in the Market

The market in the Asia Pacific region is being positively influenced by the factors such as the enhanced automotive infrastructure in countries like India and South Korea. Other contributing factors are the thriving transportation business, increasing investments by governments to improve roads, and rising standards of living. The market is anticipated to be propelled by the transition from manual transmission systems to those that are semi-automatic or fully automatic that due to the increasing traffic congestion in countries such as China.

There are continuous upgradations in clutch systems in electric and fuel-vehicles to bolster the safety and increase the fuel efficiency of automobiles. These upgrades are likely to make the competition between the major automotive players in the region more palpable. This factor is anticipated to boost the demand for clutch discs in the forecast period.

Market Segmentation

A clutch disc refers to a rotating component of an automobile which creates the clutch torque by producing friction with the material pads attached on each side of the clutch disc. The main function of clutch disc is to transmit engine torque directly to the input shaft of the transmission in order to translate the movement of the wheel.

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Based on type, the clutch disc market can be segmented into:

• Below 9 Inches

• 9 Inches to 11 Inches

• Above 11 Inches

The market can be broadly categorised based on transmission type into:

• Manual Transmission

• Automated Manual Transmission

• Automatic Transmission

• Others

The bifurcation of market, on the basis of vehicle type, includes:

• Passenger Cars

• Commercial Vehicles

The regional markets for the clutch disc market include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Automatic Transmission Systems in Passenger Vehicles to Boost Growth of the Clutch Disc Industry

The rising popularity of automatic transmission systems in passenger vehicles, owing to the easy driving experience, and high power as compared to manual transmission vehicles, is driving the market growth. In an automatic transmission system, clutch discs are required to transmit engine torque to a series of clutches known as clutch packs.

There are growing R&D activities by major automotive manufacturers aimed towards developing customised transmission solutions for field applications, and manufacturing high-performance automatic transmission automobiles with greater fuel-efficiency. These activities are likely to propel the demand for clutch discs in the forecast period.

Meanwhile, there is an increasing demand for single disc clutch systems in the commercial vehicles such as buses and trucks. Such systems avoid the loss of power and amplify the operational speed of the vehicle, providing impetus to the market in the coming years. Increased spending on car maintenance by working-class populations owing to growing adventurous and leisure activities such as long drive, and city tours, is likely to accelerate the market growth.

Key Players in the Global Clutch Disc Market

The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Schaeffler Technologies AG & Co. KG

• ZF Friedrichshafen AG

• Aisin Seiki

• Kaustubh Motor Works LLP

• Valeo SA

• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report