Unlocking the Future of the Automotive Brakes And Clutches Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the automotive brakes and clutches market grown over the years?
There has been a consistent enlargement of the automotive brakes and clutches market in the past few years. The market is expected to rise from $26.65 billion in 2024 to $27.86 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.6%. Factors contributing to this growth during the historic period include the early development of automobiles, an increase in vehicle weight and speed, the utilization of hydraulic brake systems, a stronger demand for advanced safety features, and the continued evolution of automotive production procedures.
What Is the forecasted market size and growth rate for the automotive brakes and clutches market?
In the upcoming years, the market for automotive brakes and clutches is predicted to witness robust growth, escalating to $35.45 billion by 2029 with a CAGR of 6.2%. The expected growth during this forecast period is due to factors such as vehicle electrification, the creation of intelligent braking systems, a focus on energy recovery systems and ongoing concentration on safety and autonomous driving. The forecast period is set to see emerging trends like the brake-by-wire systems, the application of regenerative braking technologies, the use of lightweight and high-performance brake materials, the integration with advanced driver assistance systems (ADAS), and the development of modular and compact clutch designs.
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What are the major factors driving growth in the automotive brakes and clutches market?
The continuing growth of the automotive industry is anticipated to fuel the expansion of the automotive brakes and clutches market. The automotive sector involves all business operations linked to the manufacturing of cars, encompassing most parts such as engines, bodywork, tires, and batteries. The growth of the automotive industry will inevitably lead to a rise in demand for automotive brakes and clutches, given they are vital vehicle components. For example, Automotive Industry, a company based in the UK, reported in April 2024 that UK new car registrations rose for the 21st month in a row, by a marginal 1.0%, taking the total to 134,274 units. Consequently, the prospering automotive industry is the driving force behind the expansion of the automotive brakes and clutches market.
What key areas define the segmentation of the global automotive brakes and clutches Market?
The automotive brakes and clutches market covered in this report is segmented – _x000D_
_x000D_
1) By Product: Original Equipment Manufacturer (OEM), After market_x000D_
2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types_x000D_
3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types_x000D_
4) By Application: Passenger Car, Commercial Vehicle_x000D_
_x000D_
Subsegments:_x000D_
1) By Original Equipment Manufacturer (OEM): OEM Brake Systems, OEM Clutch Systems_x000D_
2) By After market: After market Brake Pads, After market Brake Rotors, After market Brake Calipers, After market Clutch Kits, After market Clutch Discs
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What are the top market players propelling the growth of the automotive brakes and clutches industry?
Major companies operating in the automotive brakes and clutches market include FCC Co. Ltd., BorgWarner Inc., NSK Ltd., Valeo Service Group, Robert Bosch GmbH, Brembo SpA, Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co. Ltd., Exedy Corporation, Eaton Corporation, Aisin Seiki Co. Ltd., Autoliv Inc., Tenneco Inc., Mando Corporation, Knorr-Bremse AG, Wabco Holdings Inc., Haldex AB, Meritor Inc., Hitachi Automotive Systems Ltd., Nissin Kogyo Co. Ltd., Advics Co. Ltd., Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, TRW Automotive Holdings Corp., Delphi Technologies plc, Charlotte Baur Formschaumtechnik GmbH, Woco Industrietechnik GmbH, Roechling Group, Erlingklinger AG
What are the key trends shaping the future of the automotive brakes and clutches market?
In an effort to elevate driving comfort, enhance vehicle capabilities, and minimize fuel usage, key players in the automotive brakes and clutches market are concentrating on the innovation of solutions such as automatic clutch systems. These systems serve the escalating demand for advanced automotive technologies, and are characterized by their ability to automate the process of engaging and disengaging a vehicle’s clutch, removing the requirement for a manual clutch pedal. An example of this occurred in May 2024, when Germany’s luxury vehicle firm, Bayerische Motoren Werke AG, introduced the Automated Shift Assistant (ASA), a novel automatic clutch system intended for large adventure motorcycles, like the forthcoming R 1300 GS and R 1300 GS Adventure. The ASA includes electromechanical actuators which automate gear shifting and clutch engagement, offering a smoother ride with two operation methods: one manual (traditional shifting) and one automatic (for effortless gear alterations). This system improves the riding experience by lessening shift shock, avoiding engine stalling, and synergizes with advanced safety functionalities such as Active Cruise Control.
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What regions are dominating the automotive brakes and clutches market growth?
North America was the largest region in the automotive brakes and clutches market in 2024. The regions covered in the automotive brakes and clutches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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