Report Id: SNS/AUTO/1612 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Pressure Plates Market Size was valued at USD 50.68 billion in 2022 and is expected to reach USD 76.03 billion by 2030 and grow at a CAGR of 5.2% over the forecast period 2023-2030.
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.
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.
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.
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.
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.
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.
IMPACT OF COVID-19:
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.
KEY MARKET 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.
Market, By Product Type:
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.
Market, By Vehicle Type:
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.
Market, By Clutch Type:
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:
By Vehicle Type:
By Clutch Type:
Single plate friction
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 50.68 Billion|
|Market Size by 2030||US$ 76.03 Billion|
|CAGR||CAGR of 5.2% From 2023 to 2030|
|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.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 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
9. Global Automotive Pressure Plates Market Segmentation, By Vehicle Type
9.1 Passenger car
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
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 ANAND Group (India),
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.