PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401990
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401990
Multi-disk Clutch Market Forecasts to 2030 - Global Analysis By Type, Application and by Geography
According to Stratistics MRC, the Global Multi-disk Clutch Market is accounted for $5.23 billion in 2023 and is expected to reach $7.65 billion by 2030 growing at a CAGR of 5.6% during the forecast period. An engine-related rotating shaft and another shaft, usually connected to a transmission or load, can have power transferred between them by means of a mechanical device called a multi-disk clutch. Multiple interleaved friction disks and separator plates make up multi-disk clutches, which offer greater torque capacity and better heat dissipation than single-plate clutches
According to market analyses and engineering evaluations, multi-disk clutches have become essential elements in various sectors, providing optimal torque control, improved durability, and adaptable solutions for a wide range of vehicles and machinery.
Market Dynamics:
Driver:
Growing interest in fuel economy
Multi-disk clutches help achieve these goals by precisely controlling power transmission and optimizing energy usage in a variety of automotive and industrial applications. As governments around the world tighten fuel efficiency standards, manufacturers are turning more and more to advanced clutch systems to ensure compliance. Additionally, the emphasis on reducing fuel consumption and emissions is driving demand for technologies that improve fuel efficiency.
Restraint:
Growing focus on automatic transmissions
Automatic transmissions are becoming more and more popular in the automotive industry as a result of consumer demands for convenience and increased fuel economy. In order to minimize the need for conventional manual transmissions with multi-disk clutches, automatic transmissions frequently employ torque converters or sophisticated automated clutch systems. Furthermore, this change has an effect on the market for multi-disk clutches and other parts for manual transmissions.
Opportunity:
Smart clutch technology integration
Innovation is possible when smart technologies, like actuators and sensors, are incorporated into multi-disk clutches. Adaptive engagement, real-time monitoring, and integration with vehicle control systems are just a few of the features that smart clutches can provide. Moreover, the development of intelligent clutch systems by manufacturers has the potential to improve both the overall performance and driving experience of their vehicles.
Threat:
Quick conversion to electric cars
Traditional multi-disk clutches are seriously threatened by the quick transition to electric vehicles (EVs). The market for conventional clutches used in internal combustion engines may drop sharply as major automakers make significant investments in electric drivetrain technologies. Additionally, manufacturers of multi-disk clutches must now strategically plan to adjust to this change and the changing automotive landscape.
COVID-19 Impact:
The multi-disk clutch market has been severely impacted by the COVID-19 pandemic, which has caused disruptions in supply chains, demand, and production. The demand for multi-disk clutches was impacted by lockdowns, restrictions, and economic uncertainty, which led to a decrease in automotive production and consumer spending on vehicles. Shortages of raw materials and higher production costs resulted from supply chain disruptions, which included factory closures and logistical difficulties. Furthermore, the pandemic's reduced mobility and the trend toward remote work contributed to a drop in the sales of new cars, which in turn affected the aftermarket demand for multi-disk clutches.
The Single-Plate Multi-Disk segment is expected to be the largest during the forecast period
In the clutch market, the single-plate multi-disk segment is predicted to hold the largest share. Single-plate multi-disk clutches are simple, economical, and adaptable, which makes them popular in a wide range of automotive and industrial applications. These clutches offer a compromise between efficiency and performance since they only have one set of separator plates and friction discs. They are frequently used in motorcycles, light-duty commercial vehicles, and passenger cars with manual transmissions. Moreover, many manufacturers prefer single-plate multi-disk clutches because of their straightforward design and ease of integration.
The Automotive segment is expected to have the highest CAGR during the forecast period
It is projected that the market's highest CAGR will belong to the automotive segment. Rising consumer demand, technological advancements, and global urbanization are some of the factors driving the automotive sector, which includes passenger cars, commercial vehicles, and two-wheelers, to continue its strong growth. Additionally, the automotive segment is expanding at a dynamic rate due to factors such as the growing demand for electric vehicles, advancements in autonomous driving technologies, and increased emphasis on sustainable mobility.
Region with largest share:
The Asia-Pacific area is projected to hold the largest share of the market for clutches worldwide. The substantial share of the region can be attributed to the swift expansion of the automotive and industrial sectors, especially in nations such as China and India. The expansion of manufacturing and construction activities in Asia-Pacific is driving up demand for clutches and industrial machinery with dependable transmission systems. Furthermore, the region is at the forefront of clutch production and consumption due to its status as a hub for manufacturing across multiple industries, including the automotive industry.
Region with highest CAGR:
The North American region is projected to have the highest CAGR in the global clutch market. This growth is mostly due to the region's automotive industry, especially in the United States. Because of a strong manufacturing sector and a stable replacement market, North America has a developed automotive market with a steady demand for clutches. The need for sophisticated clutch systems is fueled by the growing integration of advanced transmission technologies, such as automated manual transmissions and dual-clutch transmissions. Additionally, there are now more opportunities for creative clutch solutions due to North America's growing popularity of electric and hybrid vehicles.
Key players in the market:
Some of the key players in Multi-disk Clutch market include Eaton Corporation plc, Schaeffler Group, BorgWarner Inc, Altra Industrial Motion Corp, Valeo SA, F.C.C. Co., Ltd , Voith Group, ZF Friedrichshafen AG, EXEDY Corporation and Aisin Seiki Co., Ltd.
Key Developments:
In August 2023, Schaeffler India Ltd on said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates under the brand Koovers, offers spare parts solutions to Indian aftermarket workshops via a B-to-B e-commerce platform.
In May 2023, Valeo and DiDi Autonomous Driving announced a new strategic cooperation and investment agreement. Valeo intends to invest in DiDi Autonomous Driving and the two partners will develop intelligent safety solutions for L4 robotaxis together.
In January 2020, Power management company Eaton announced it has entered into an agreement to sell its Hydraulics business to Danfoss A/S, a Danish industrial company, for $3.3 billion in cash. This represents a 13.2 multiple of 2019 EBITDA. Eaton's Hydraulics business, which accounted for 86 percent of Eaton's Hydraulics segment revenue in 2019, is a global leader in hydraulics components, systems, and services for industrial and mobile equipment.
Types Covered:
- Electromagnetic
- Pneumatic
- Hydraulic
- Centrifugal
- Single-Plate Multi-Disk
- Double-Plate Multi-Disk
- Other Types
Applications Covered:
- Transportation
- Automotive
- Agricultural
- Industrial
- Construction Machinery
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Multi-disk Clutch Market, By Type
- 5.1 Introduction
- 5.2 Electromagnetic
- 5.3 Pneumatic
- 5.4 Hydraulic
- 5.5 Centrifugal
- 5.6 Single-Plate Multi-Disk
- 5.7 Double-Plate Multi-Disk
- 5.8 Other Types
6 Global Multi-disk Clutch Market, By Application
- 6.1 Introduction
- 6.2 Transportation
- 6.3 Automotive
- 6.4 Agricultural
- 6.5 Industrial
- 6.6 Construction Machinery
- 6.7 Other Applications
7 Global Multi-disk Clutch Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Eaton Corporation plc
- 9.2 Schaeffler Group
- 9.3 BorgWarner Inc
- 9.4 Altra Industrial Motion Corp
- 9.5 Valeo SA
- 9.6 F.C.C. Co., Ltd
- 9.7 Voith Group
- 9.8 ZF Friedrichshafen AG
- 9.9 EXEDY Corporation
- 9.10 Aisin Seiki Co., Ltd
List of Tables
- Table 1 Global Multi-disk Clutch Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 4 Global Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 5 Global Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 6 Global Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 7 Global Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 8 Global Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 9 Global Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 10 Global Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 12 Global Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 13 Global Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 14 Global Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 15 Global Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 16 Global Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 17 North America Multi-disk Clutch Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 19 North America Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 20 North America Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 21 North America Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 22 North America Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 23 North America Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 24 North America Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 25 North America Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 26 North America Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 27 North America Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 28 North America Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 29 North America Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 30 North America Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 31 North America Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 32 North America Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 33 Europe Multi-disk Clutch Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 35 Europe Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 36 Europe Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 37 Europe Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 38 Europe Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 39 Europe Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 40 Europe Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 41 Europe Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 42 Europe Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 43 Europe Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 44 Europe Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 45 Europe Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 46 Europe Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 47 Europe Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 48 Europe Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 49 Asia Pacific Multi-disk Clutch Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 51 Asia Pacific Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 52 Asia Pacific Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 53 Asia Pacific Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 54 Asia Pacific Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 55 Asia Pacific Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 56 Asia Pacific Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 57 Asia Pacific Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 58 Asia Pacific Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 59 Asia Pacific Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 60 Asia Pacific Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 61 Asia Pacific Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 62 Asia Pacific Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 63 Asia Pacific Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 64 Asia Pacific Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 65 South America Multi-disk Clutch Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 67 South America Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 68 South America Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 69 South America Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 70 South America Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 71 South America Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 72 South America Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 73 South America Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 74 South America Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 75 South America Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 76 South America Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 77 South America Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 78 South America Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 79 South America Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 80 South America Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 81 Middle East & Africa Multi-disk Clutch Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Multi-disk Clutch Market Outlook, By Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Multi-disk Clutch Market Outlook, By Electromagnetic (2021-2030) ($MN)
- Table 84 Middle East & Africa Multi-disk Clutch Market Outlook, By Pneumatic (2021-2030) ($MN)
- Table 85 Middle East & Africa Multi-disk Clutch Market Outlook, By Hydraulic (2021-2030) ($MN)
- Table 86 Middle East & Africa Multi-disk Clutch Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 87 Middle East & Africa Multi-disk Clutch Market Outlook, By Single-Plate Multi-Disk (2021-2030) ($MN)
- Table 88 Middle East & Africa Multi-disk Clutch Market Outlook, By Double-Plate Multi-Disk (2021-2030) ($MN)
- Table 89 Middle East & Africa Multi-disk Clutch Market Outlook, By Other Types (2021-2030) ($MN)
- Table 90 Middle East & Africa Multi-disk Clutch Market Outlook, By Application (2021-2030) ($MN)
- Table 91 Middle East & Africa Multi-disk Clutch Market Outlook, By Transportation (2021-2030) ($MN)
- Table 92 Middle East & Africa Multi-disk Clutch Market Outlook, By Automotive (2021-2030) ($MN)
- Table 93 Middle East & Africa Multi-disk Clutch Market Outlook, By Agricultural (2021-2030) ($MN)
- Table 94 Middle East & Africa Multi-disk Clutch Market Outlook, By Industrial (2021-2030) ($MN)
- Table 95 Middle East & Africa Multi-disk Clutch Market Outlook, By Construction Machinery (2021-2030) ($MN)
- Table 96 Middle East & Africa Multi-disk Clutch Market Outlook, By Other Applications (2021-2030) ($MN)
