Automotive Brakes And Clutches Market Scope
A brake is a device by means of which artificial frictional resistance is applied to a moving machine member, in order to retard the motion of a machine. The most common brakes use friction to convert kinetic energy into the beat, though other methods of energy conversion may be employed. A clutch is a machine member used to connect a driving shaft to a driven shaft so that the driven shaft may be started or stopped at will, without stopping the driving shaft. A clutch is a mechanical device that provides for the transmission of power from one component to another when engaged but can be disengaged.
The market is highly competitive due to the presence of leading vendors within the market. Some of the leading players are adopting some organic and inorganic strategies such as a merger, acquisition, partnerships, product launches, among others in order to gain leading share within the market. Moreover, some of the leading players are constantly focusing on the technological advancements in order to up to date with the rapidly changing market necessities. Research Analyst at AMA estimates that United States and German Vendors will contribute to the maximum growth of Global Automotive Brakes And Clutches market throughout the predicted period.
Autoliv (Sweden), Continental AG (Germany), Bosch (Germany), Akebono Brake Industry (Japan), Brembo SpA (Italy), Federal-Mogul (United States), ZF Group (Germany), Aisin Seiki (Japan), Valeo (France), Schaeffler Group (Germany), NSK (Japan) and F.C.C. Co (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Exedy Corporation (Japan), Eaton Corporation (Ireland), Clutch Auto Limited (India), Borgwarner (United States) and Magneti Marelli (Italy).
Segmentation Overview
The study have segmented the market of Global Automotive Brakes And Clutches market by Type (Brakes {Disk, Drum} and Clutches {Friction clutch, Centrifugal Clutch, Semi-centrifugal clutch}), by Application (OEM and Aftermarket) and Region with country level break-up.
On the basis of geography, the market of Automotive Brakes And Clutches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Automotive Applications Are Using More Electromechanical Equipment (That Necessitate Clutches and Brakes) As They Phase Out Hydraulic Actuation
Market Growth Drivers:
Rapidly Growing Automotive Industry Worldwide, The Rising Demand for Aftermarket Application due to Replacement of Parts and Increasing Penetration of Automatic Transmission Vehicles Offer Better Driving Experience
Challenges:
Absence of Clutches in Electric Vehicles
Restraints:
Economic Slowdown Due to Current Pandemic Situation
Opportunities:
Growing Popularity of the DCT Technology and The Emerging Demand from Developing Countries
Market Leaders and their Expansionary Development Strategies
In May 2020, ZF Friedrichshafen AG acquired WABCO, a supplier of commercial vehicle technology, with all necessary regulatory approvals. WABCO shares previously listed on the New York Stock Exchange will immediately cease public trading.
In March 2023, E.C.S. With Valeo's new partnership with FTE, and the acquisition of FTE Automotive, Valeo has expanded its reach in a strategic market with strong growth thanks to the development of cars with automatic transmissions and hybrid and electric vehicles.
Key Target Audience
Automotive Brakes & Clutches Manufacturers, Raw Material Suppliers, Automotive Brakes & Clutches Traders/Distributors, Regulatory & Government Bodies, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.