The Automotive Pressure Plates Market Size was valued at USD 26.83 billion in 2023 and is expected to reach USD 36.72 billion by 2031 and grow at a CAGR of 4% over the forecast period 2024-2031.
Pressure plates are essential for clutch performance in all autos. In order to engage or disengage the clutch, the spring-loaded mechanism relies on the flywheel. When it comes to pressure plates, it's up to the manufacturers to make sure their products can withstand adverse conditions like high temperatures. Funds will also be used to develop pressure plates that will further reduce the weight of clutch systems. The pressure plate is an essential part of the clutch system in automobiles. Using a spring-loaded pressure plate, the clutch disc and flywheel are engaged or disengaged. The flywheel is attached to it by a bolt.
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Additionally, the development of tiny automobile pressure plates is being prioritized in order to reduce the overall size of the clutch system. A vehicle's clutch system and kind of pressure plate determine the type of automotive pressure plate that should be utilized. This type of clutch can be either a single-plate or a multi-plate or a conical type of friction clutches. When it comes to pressure plates, cast iron or stainless steel are the most common materials used.
KEY DRIVERS:
The market outlook has been impacted by the rising demand for electric and automated vehicles
Customer preferences have contributed to the rapid growth of the industry
A surge in automotive production has fueled the growth of the pressure plate industry
A rise in demand for high-capacity vehicles with good acceleration and traction
RESTRAINTS:
Automatic transmission clutches are more fuel-efficient than manual transmission clutches
Pressure to reduce carbon emissions has boosted demand for electric automobiles
In electric automobiles, manual clutches are rarely used
OPPORTUNITIES:
Automotive pressure plate sales are extremely reliant on automobile vehicles
The cost of manual clutches is lower than that of automatic clutches. This will improve the demand
CHALLENGES:
The simplicity and comfort of driving have fueled the demand. Sales will suffer as a result of this
Semiconductors are in short supply which in turn influences demand in the market
The impact of fuel economy on vehicle specifications has been amplified. This has an impact on vehicle sales
Businesses have been forced to shut down or work at reduced capacity as a result of COVID-19's harmful impact on market operations. As a result of the restricted flow of components across national and international borders, automobile demand has decreased. As a result, demand for automobiles has dwindled, which has, in turn, harmed the growth of the automotive pressure plate market mobility has also been restricted, limiting the ability of companies to offer new models. The automobile industry relies largely on components manufactured in smaller units. Supply chain disruptions caused by country-specific lockdowns have harmed the automotive pressure plate market's outlook.
Based on the product type segment, the global market has been divided into coil springs, and diaphragms. The two most common types of pressure plates are diaphragm and coil springs. Automotive pressure plate manufacturers claim that their plates will withstand extreme temperatures and have significant stress limits.
The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. Throughout the projection period, demand for passenger automobiles and other automotive vehicles as a mode of local transportation is expected to increase significantly. The automotive pressure plate market is likely to benefit as a result of this.
The global market has been divided into single plate friction, multiple frictions, and cone clutch based on the clutch type segment. Manual clutches are significantly less expensive than automatic clutches. As a result, the automotive pressure plate market is expected to grow even more in the coming years.
By Product Type:
Coil Spring
Diaphragm
By Vehicle Type:
Passenger cars
LCV
HCV
By Clutch Type:
Single plate friction
Multiple frictions
Cone clutch
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REGIONAL ANALYSIS:
The continents of North America, Europe, Asia, and the Pacific, among others, have been divided geographically. The automotive pressure belt market is expected to grow substantially in the Asia-Pacific region. Fleet vehicles are predicted to rise as a result of a growing middle-class need for transportation. North America's automotive pressure plate market is expected to develop at a second-largest rate behind Europe in the next years due to an increase in luxury vehicle adoption. The desire for cost-effective manual clutches in the Middle East and Asia is expected to raise the demand for automotive pressure plates in the near term. In addition, the demand for automobiles in Europe and other regions of the world has been steadily increasing over the past few years.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
California Custom Clutch Corporation (US), GOLDEN Precision Products Private Limited (India), S. K. Auto Industries (India), Makino Auto Industries Private Limited (India), Raicam Clutch Ltd (Italy), SASSONE SRL (Italy), ANAND Group (India), MACAS Automotive (India), Apls Automotive Industries Private Limited (India), Hebei Tengda Auto Parts Co., Ltd. (China), Setco Automotive Ltd (India), and RSM Autokast Ltd. (India) are some of the affluent competitors with significant market share in the Automotive Pressure Plates Market.
GOLDEN Precision Products Private Limited (India)-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 26.83 Billion |
| Market Size by 2031 | US$ 36.72 Billion |
| CAGR | CAGR of 4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Coil Spring, Diaphragm) • by Vehicle Type (Passenger cars, LCV, HCV) • by Clutch Type (Single plate friction, Multiple frictions, Cone clutch) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | California Custom Clutch Corporation (US), GOLDEN Precision Products Private Limited (India), S. K. Auto Industries (India), Makino Auto Industries Private Limited (India), Raicam Clutch Ltd (Italy), SASSONE SRL (Italy), ANAND Group (India), MACAS Automotive (India), Apls Automotive Industries Private Limited (India), Hebei Tengda Auto Parts Co., Ltd. (China), Setco Automotive Ltd (India), and RSM Autokast Ltd. (India) |
| Key Drivers | •The market outlook has been impacted by the rising demand for electric and automated vehicles. •Customer preferences have contributed to the rapid growth of the industry. |
| RESTRAINTS | •Automatic transmission clutches are more fuel-efficient than manual transmission clutches. •Pressure to reduce carbon emissions has boosted demand for electric automobiles. |
The Automotive Pressure Plates Market Size was valued at USD 26.83 billion in 2023.
The major players are California Custom Clutch Corporation (US), GOLDEN Precision Products Private Limited (India), S. K. Auto Industries (India), Makino Auto Industries Private Limited (India), Raicam Clutch Ltd (Italy), SASSONE SRL (Italy), ANAND Group (India), MACAS Automotive (India), Apls Automotive Industries Private Limited (India), and others in final report.
Asia-Pacific region is dominate the Automotive Pressure Plates Market.
Forecast period of Automotive Pressure Plates Market is 2022-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Pressure Plates Market Segmentation, By Product Type
8.1 Coil Spring
8.2 Diaphragm
9. Global Automotive Pressure Plates Market Segmentation, By Vehicle Type
9.1 Passenger car
9.2 LCV
9.3 HCV
10. Global Automotive Pressure Plates Market Segmentation, by Clutch Type
10.1 Single plate friction
10.2 Multiple frictions
10.3 Cone clutch
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 ANAND Group (India),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 California Custom Clutch Corporation (US)
12.3 GOLDEN Precision Products Private Limited (India)
12.4 S. K. Auto Industries (India)
12.5 Makino Auto Industries Private Limited (India)
12.6 Raicam Clutch Ltd (Italy)
12.7 SASSONE SRL (Italy)
12.8 ANAND Group (India)
12.9 MACAS Automotive (India)
12.10 Apls Automotive Industries Private Limited (India)
12.11 Hebei Tengda Auto Parts Co., Ltd. (China)
12.12 Setco Automotive Ltd (India)
12.13 RSM Autokast Ltd. (India)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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