About Industrial Clutches
An Industrial Clutch is a device which is used to couple and uncouple the two separate bodies of rotation. These two separate bodies basically consist of gears, shafts, and sprockets, a prime motor or mover or any combination of these. Clutches can be classified further by their method of actuation. These include electric, mechanical, hydraulic and pneumatic (air). Due to increasing demand for higher capacity conveyor drives, there is driver force in the industrial clutch market. Also, there is an increasing need for miniaturization of clutches which is currently trending for the market. While the factor like growing manufacturing cost of neodymium magnet is hampering the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by the numerous key players involved in the automotive clutch market are competing amongst each other keeping in mind the advancement in automotive technology. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Altra Industrial Motion, Inc (United States), Eaton Corp. (Ireland), GKN plc (United Kingdom), Kendrion (Netherlands), Ogura Clutch (Japan), Haldex (Sweden), Hilliard Corp. (United States), Nexen Group (United States), Renold (United Kingdom) and Tsubakimoto Chain (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Thomson Industries (United States), VORTEX (India) and Warner Electric. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Clutches market by Type (Electromagnetic Clutch, Hydraulic Clutch and Pneumatic Clutch), Application (Smartphones, Computers and Tablets, Wearables, High-End Networks and Automotive) and Region.
On the basis of geography, the market of Industrial 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). If we see Market by Technology, the sub-segment i.e. 22nm will boost the Industrial Clutches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automobile Industry will boost the Industrial Clutches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An increasing need for miniaturization of clutches
Market Growth Drivers:
Increasing demand for higher capacity conveyor drives
Challenges:
The high cost associated with the raw materials, also with the import and export
Restraints:
Growing manufacturing cost of neodymium magnets
Opportunities:
Technological advancements in the industrial clutches
Market Leaders and their expansionary development strategies
In February 2022, Ringfeder acquired Brake and Clutch Manufacturer, Carlyle Johnson, the company designs and manufactures motion control components like mechanical, electrical and pneumatic clutches and braking systems, as well as the associated electrical controls and lubrication seals.
In October 2023, Australian manufacturer Clutch Industries announced it is launching two clutch system products for the first time in the United States under the UniClutch brand. Designed for efficiency and performance, “this patented product will disrupt the global automotive aftermarket, benefiting everyone from drivers to automotive technicians and parts distributors,
Key Target Audience
Organizations, Industrial Clutch Manufacturers, Research Institute, Potential Investors, Government Agencies, Downstream Vendors, Industry Association, Distributors/Traders and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.