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Automotive Clutch Market Trends

  • Report ID: GMI12356
  • Published Date: Nov 2024
  • Report Format: PDF

Automotive Clutch Market Trends

Companies in the automotive clutch industry are launching brands for aftermarket clutches to tap into the growing demand for replacement parts, driven by the expanding vehicle fleet and the increasing need for maintenance and repair solutions. Aftermarket clutches offer cost-effective alternatives to original equipment, catering to a broad range of vehicle classes, particularly in commercial fleets. These brands allow companies to build brand loyalty and offer value-added services such as extended warranties and faster service.
 

Additionally, it helps companies diversify their revenue streams, especially as advancements in electric vehicles (EVs) reduce the demand for traditional clutch systems. The growth of digital campaigns further enhances brand visibility and customer trust in these solutions.
 

For instance, in May 2024, Schaeffler India has launched a digital campaign for its LuK brand, promoting its clutches and drivetrain components in the aftermarket. The campaign, aimed at empowering commercial vehicle fleets during the upcoming monsoon season, highlights LuK's reputation for innovation, durability, and high-quality transmission solutions.
 

The campaign features ad films showcasing customers who trust LuK for its advanced clutch technology, which offers twice the lifespan of average clutches and quick serviceability. Schaeffler's expertise in drivetrain components and emerging technologies, including hybrid systems, further strengthens its position in both OEM and aftermarket solutions. The campaign is part of Schaeffler’s ongoing #Badhechalo marketing initiative.
 

One of the key challenges in the automotive clutch market is the growing adoption of electric vehicles (EVs). As EVs do not require traditional clutch systems due to their direct drive mechanism, the demand for conventional clutches in the long-term is declining. This shift towards electric propulsion is especially challenging for companies that rely heavily on traditional clutch systems for revenue. As automakers invest more in EV technology, clutch manufacturers need to innovate and adapt their products, exploring new applications such as hybrid vehicles or electronic clutches to stay competitive in the evolving market.
 

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive clutch reached USD 12.6 billion in 2024 and is set to grow at a 5.9% CAGR from 2025 to 2034, driven by the increasing demand for passenger and commercial vehicles globally.

The OEM segment held over 85% of the market share in 2024, supported by established relationships with vehicle manufacturers and the ability to provide high-quality, warranty-backed components.

China's market accounted for 60% of the revenue share in 2024 and is expected to exceed USD 4 billion by 2034, led by its massive automotive production capacity and cost-effective manufacturing capabilities.

The key players in the industry include Aisin Seiki, BorgWarner, Eaton, Exedy, F.C.C, GKN Automotive, Magna, Schaeffler, Valeo, and ZF Friedrichshafen.

Automotive Clutch Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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