Surge in the preference for increased driving comfort and growing demand for luxury vehicles is expected to drive the demand for global automotive clutch pressure plate market for the forecast period.
Since the onset of the pandemic COVID-19, the lockdown was imposed all around the globe to fight the novel coronavirus. The government and leading authorities released precautionary guidelines and safety precautions to save people across the world. Manufacturing units were shut down and people migrated to their homes which resulted in a shortage of skilled worker force at the manufacturing units. The automotive industry got significantly impacted which resulted in the decline of automobile sales. The restrictions imposed by the leading authorities in the import and export activities adversely affected the supply chain which resulted in the supply of raw materials at the manufacturing facilities. After the lifting of lockdown and the offering of relaxations by the leading authorities, the global automotive clutch pressure plate market is expected to pick up the pace eventually in the next five years.
However, a lack of knowledge about the functionality of clutch pressure plates and the growing demand for electric vehicles may create a hindrance in the automotive clutch pressure plate market growth in the next five years.
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The global automotive clutch pressure plate market is segmented into vehicle type, demand category, product type, regional distribution, and company. Based on the product type, the market can be bifurcated into coil spring type and diaphragm type. A coil spring-type clutch exerts a force that increases with the deflection and a diaphragm-type clutch exerts force when its shape is altered. Diaphragm clutch offers several advantages including it is suitable for high speeds, is compact, have higher pedal force. Based on the vehicle type, the market can be divided into two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial vehicle market. The passenger car vehicle type segment is expected to hold a major market share in the next five years. The rising population around the globe and the improvement in the economic conditions is contributing to the market growth. Based on the demand category, the market can be categorized into OEM and replacement. The OEM segment is expected to witness significant growth in the next five years. OEM market players are increasing their production capacity to cater to the growing need of the rising population around the globe. The high demand for quality products and the warranty facility offered by the market players is contributing to the market growth.
Makino Auto Industries Private Limited, Sassone SRL, Anand Group, APLS Automotive Industries Private Limited, Hebei tengda auto parts co., ltd, Raicam Clutch Ltd, Macas Automotive, California Custom Clutch Corporation, Setco Automotive Ltd, S. K. Auto Industries are the leading players operating in global automotive clutch pressure plate market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive clutch pressure plate manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts for the technological up-gradation of the existing infrastructure with the help of research and development activities. The rise in the demand for fuel-efficient vehicles is contributing to the development of advanced and improved clutches and the market players are expanding their production capabilities along with adopting attractive marketing strategies such as social media campaigns and hiring of celebrities to increase the sales of automobiles is expected to propel the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Automotive Clutch Pressure Plate Market By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle Market) By Demand Category (OEM vs Replacement) By Product Type (Coil Spring Type, Diaphragm Type) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global automotive clutch pressure plate market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global automotive clutch pressure plate market.
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