Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Clutch Market Size Forecast to Reach $16.2 Billion by 2026
    (I-BusinessNews.Com, May 22, 2021 ) Clutch Market size is forecast to reach $16.2 billion by 2026, after growing at a CAGR of 6.7% during 2021-2026. One of the most important factor contributing towards the rapid growth of the clutch market is the rising demand of electric and increasing advancement in the automotive industry. The steady shift from the manual transmission to semiautomatic and fully automatic transmission system in the advanced vehicles is contributing the growth of the clutch market. Moreover, the high demand of fuel efficient automotive systems has enhanced the demand of the advanced clutches Dual Clutch Transmission system, thereby contributing towards the growth of the clutch industry during forecast period.

    Clutch Market Segment Analysis - By Transmission Type

    Automatic transmission systems is estimated to have the largest market share in the clutch market in the year 2020. The growth is majorly attributed to the high demand towards the advancement made in the automotive industry and increasing R&D activities in automation. Moreover, the growing demand of high-performance and easy transmission among the young bikers is enhancing the growth of the automatic transmission systems. In 2019, AVTEC Limited launched a new set of automatic transmission (HD transmission) that allows customized transmission solutions for the field application. The growing launch of advanced products is anticipated to raise the growth of the market during forecast period.

    Request for Sample Report @

    Report Price: $ 4500 (Single User License)

    Clutch Market Segment Analysis - By Geography

    North America dominated the Clutch market with a share of more than 42.78% which is followed by APAC. The predominance of the North America on the clutch market is majorly attributed to the growing demand of electric vehicles in regions such as United States and Canada. In the third quarter of 2019, the total number electric vehicles sold in Canada was 18,000 which was a rise of 16.6% since the third quarter of 2018, according to FleetCarma. The significant growth in sale of electric vehicles and growing deployment of clutches in the newly manufactured vehicle is anticipated to uplift the growth of the Clutch market in North America during forecast period.

    Inquiry Before Buying @

    Clutch Market Drivers

    Growing demand of Electric vehicles (particularly Battery Electric Vehicles) across the Globe

    The increasing awareness towards the environmental friendly vehicles has allowed heavy adoption of the Battery Electric vehicles in the developed parts of the world such as United States, Canada, Germany, U.K and other such areas. The heavy growth in the technological advancements in these regions. The increase in production of new vehicles has also increased the deployment of these clutches in these vehicles thereby driving the growth of the market.

    Implementation of Stringent Environment Regulations

    Governments across all nations are majorly focusing on boosting the fuel economy and creating awareness towards healthy environment in order to remove pollution across the globe. Strict government regulation coupled with high adoption of the environment friendly vehicles has increased the deployment of clutches in the new vehicles, thereby contributing towards the growth of the market.

    Clutch Market Challenges

    Technological Drawbacks

    One of the major factor hindering the growth of the Clutch market is the complex design and highly complex installation process. Moreover, once damaged and has to be replaced. Also the high complexity coupled with high installation cost of clutches is majorly hindering the growth of the market.

    Market Landscape

    Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Clutch market. In 2018, the market of fuel additives has been consolidated by the top five players accounting for 46% of the share. Major players in the Clutch Market are Aisin Seiki Co., Ltd., Borgwarner Inc., Clutch Auto Limited, Eaton Corporation PLC, Exedy Corporation., F.C.C. Co., Ltd., among others.

    Acquisitions/Technology Launches

    In 2018, Eaton Corporation launch a new clutch System “Eaton 430mm Clutch” specially designed for Volvo I-Shift. The launch of new products is anticipated to raise the growth of the market during forecast period.

    Key Takeaways

    North America seems to dominate the clutch market in the forecast period owing to the high demand of electric vehicles in US and Canada.

    The global increase in the demand of automatic transmission system in vehicles is contributing towards the growth of the market.

    Stringency in government regulation coupled with high adoption of the environmental friendly vehicles is anticipated to uplift the growth of the clutch market during forecast period.

    Related Reports :

    A. Transmission Repair Market

    B. Torque Converter Market

    For more Automotive Market reports, Please click here

    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


    Venkat Reddy

    (+1) 970-236-3677

    Source: EmailWire.Com


    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC