The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Automotive Brakes And Clutches Global Market Report 2024 offers crucial insights into the automotive brakes and clutches market help businesses analyse and build stronger strategies.

The automotive brakes and clutches market has witnessed robust growth in recent years. In 2023, it reached $25.7 billion and is projected to expand further to $27.04 billion in 2024, boasting a compound annual growth rate (CAGR) of 5.2%. This growth can be attributed to various historical factors including:

• Early automobile development
• Increased vehicle mass and speed
• Adoption of hydraulic brake systems
• Demand for improved safety features
• Evolution of automotive manufacturing processes

Anticipating Future Expansion
Looking ahead, the automotive brakes and clutches market is poised for strong growth. By 2028, it is expected to reach $33.57 billion, with a CAGR of 5.6%. The forecasted growth can be attributed to:

• Electrification of vehicles
• Development of smart braking systems
• Focus on energy recovery systems
• Continued emphasis on safety and autonomous driving

Read The Full Automotive Brakes And Clutches Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-brakes-and-clutches-global-market-report

Market Trends and Influences
Impact of Passenger Vehicle Demand
The surge in passenger vehicle sales is expected to drive the automotive brakes and clutches market forward. With passenger car registrations in the EU increasing by 11.5% in 2023 alone, the demand for dependable braking systems continues to rise, thereby fostering market growth.

Key Players in the Industry
Major companies operating in the automotive brakes and clutches market include FCC Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, and many others. These industry leaders play a pivotal role in shaping market trends and driving innovation.

Technological Innovations in Assist Driving Systems
Technological advancements are reshaping the automotive brakes and clutches market landscape. Companies are increasingly focused on introducing innovative solutions to enhance driving safety and performance. For example, Maruti Suzuki’s AI-based virtual car assistant app, S-Assist, demonstrates how technology is utilized to automate braking systems and ensure safe driving practices.

Strategic Acquisitions Fuel Market Growth
In November 2021, Brembo S.P. acquired J. Juan for $73 million, showcasing a strategic move to expand its business and offerings. J. Juan specializes in designing braking systems for top-tier bikes worldwide, aligning with Brembo’s vision to become a trusted solution provider across new markets.

Market Segmentation and Regional Analysis
The automotive brakes and clutches market is segmented based on:

1. Product: Original Equipment Manufacturer (OEM), Aftermarket
2. Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
3. Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
4. Application: Passenger Car, Commercial Vehicle

Regional Dominance
North America emerged as the largest region in the automotive brakes and clutches market in 2023, showcasing the region’s significant contribution to the global automotive industry.

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The Automotive Brakes And Clutches Global Market Report 2024  provides a comprehensive outlook of the automotive brakes and clutches market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive brakes and clutches market forecast offers a thorough analysis on automotive brakes and clutches market size, automotive brakes and clutches market share, prominent players and their strategies.

The Table Of Content For The Automotive Brakes And Clutches Market Include:
1. Automotive Brakes And Clutches Market Executive Summary
2. Automotive Brakes And Clutches Market Segments
3. Automotive Brakes And Clutches Market Size And Automotive Brakes And Clutches Market Growth Rate
4. Key Automotive Brakes And Clutches Market Trends
5. Major Automotive Brakes And Clutches Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Brakes And Clutches Market
26. Top Automotive Brakes And Clutches Companies
27. Automotive Brakes And Clutches Market Opportunities And Strategies
28. Automotive Brakes And Clutches Market, Conclusions And Recommendations
29. Appendix

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