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The automotive clutch release bearing market size is estimated to grow at a CAGR of 2.46% between 2023 and 2028. The market size is forecast to increase by USD 94.5 million. Several factors play a crucial role in the market's growth such as the high preference for manual transmission systems in Europe, continuous improvements in clutch release bearings and rise in demand for automatic transmission systems.
The report includes a comprehensive outlook on the automotive clutch release bearing market offering forecasts for the industry segmented by Application, which comprises passenger cars and commercial vehicles. Additionally, it categorizes Types into pushing-type clutch release bearing, and pull-type clutch release bearing and covers Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Continuous improvements in clutch release bearings are notably driving the market growth. The major function of an automotive clutch release bearing is to engage and disengage the clutch from the engine. Automotive clutch release bearings were previously made from heavy raw materials such as steel and cast iron. Moreover, the rising need for efficiency optimization of drivelines has led to design improvements in clutch release bearings. Though there are no disruptive improvements in the automotive clutch release bearing market, minor improvements in terms of their design and functionality have enhanced the efficiency and lifespan of clutch release bearings. Further, the company's flexible clutch release bearings can decouple the vibrations that originate from the engine and are transmitted to the clutch system, thus reducing driveline vibrations.
Also, the variable contact design of these clutch release bearings allows maximum speed and maximum load with high wear resistance along with low noise and vibrations. Though such improvements in automotive clutch release bearings are not disrupting the market, they eliminate the possibility of substitutes. These advancements are expected to drive the growth of the automotive clutch release-bearing market during the forecast period.
The increase in adoption of automated manual transmission (AMTs) is an emerging trend shaping the market growth. Vehicles with automated manual transmission have better fuel efficiency than those with traditional automatic transmission. In AMTs, the ability to control clutches and gears precisely through actuators and sensors ensures minimum loss of power and subsequently better fuel efficiency. AMT systems are designed to simplify gear shifts to improve fuel efficiency. By controlling the clutch engagement and gear changes, AMT reduces power losses and ensures the engine operates at its most efficient rotation per minute range. It signifies better performance in fuel economy and reducing emissions.
Moreover, the ability to move between gears manually means it can control the vehicle's speed and can be used for transmission to slow down the vehicle. Thus, an increase in the adoption of automated manual transmission (AMTs) will drive the demand for advanced clutch components, including clutch release bearings during the forecast period, thereby, driving the growth of the automotive clutch release-bearing market during the forecast period.
Fluctuating cost of raw materials is a significant challenge hindering the market growth. Automotive clutch release bearings are less price-sensitive than several other automotive components. However, fluctuations in raw material prices will have a negative impact on the pricing of automotive clutch release bearings. Forged steel and hardened deep-drawn steel are among the major raw materials used for manufacturing automotive clutch release bearings. Any fluctuations in the cost of these raw materials have a direct impact on the price of clutch release bearings. The cost of these raw materials keeps fluctuating based on various macroeconomic factors, such as inflation, labor costs, and regulatory policy changes.
However, as the cost of raw materials has reached the threshold limit, raw material suppliers are compelled to pass on the increase in the cost to downstream industries. Such decisions by raw material suppliers have an adverse impact on the growth of various manufacturers, including automotive clutch release bearing manufacturers. This may restrict the growth of the automotive clutch release bearing market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Clutch Release Bearing Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB SKF - The company offers clutch release bearings such as SKF N4057 and SKF N4055
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger car segment is estimated to witness significant growth during the forecast period. The passenger car segment is growing at a significant rate in the global automotive clutch release bearing market. The automotive clutch release bearing market is dominated by the passenger cars segment, both in terms of production volume and value. The high penetration of manual transmission, AMT, and DCT systems is a major driving factor for the growth of the market.
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The passenger car segment was the largest and was valued at USD 537.40 million in 2018. Most passenger cars that are in use currently either incorporate manual transmission or AMT systems; however, the increasing adoption of CVT systems in passenger cars will lead to a marginal reduction in the total number of passenger cars that use manual transmission or AMT. Thus, replacement demand for automotive clutch release bearings is expected to grow at a faster rate than the demand for them from automotive OEMs. Consumers are more likely to have safety features in the car such as cruise control, advanced driver assistance systems (ADAS), and airbags. These innovations will attract more consumers to experience and buy passenger cars. Thus, the above-mentioned factor is expected to grow the passenger cars segment of the automotive clutch release bearing market during the forecast period.
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APAC is estimated to contribute 53% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC comprises several developing countries, such as China, India, and many others. The penetration of entry- and mid-segment vehicles is high in APAC. Also, the sales and production volume of automobiles are high in the region. Rapid economic development across the region has boosted spending on infrastructure and industrial development, which, in turn, has also led to an increase in people's disposable income. These factors have accelerated the demand for both passenger cars and commercial vehicles. APAC has a strong automobile manufacturer presence in comparison to Europe and North America. For instance, vehicle manufacturers, such as Ford Motor and Volkswagen, have a strong presence in APAC.
In addition to passenger cars, the demand for automotive clutch release bearings is also increasing from the commercial vehicles segment in APAC. The region has a high number of medium- and heavy-duty trucks and dominates global truck production. Therefore, the high uptake of manual transmission systems in medium- and heavy-duty trucks will have an impact on the automotive clutch release bearing market in the region. APAC accounts for a major part of the sales of manual transmission systems in commercial vehicles, and the region's dominance is expected to grow during the forecast period
The automotive clutch release bearing market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Automotive Clutch Release Bearing Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.46% |
Market Growth 2024-2028 |
USD 94.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
1.82 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AB SKF, Aetna Bearing Co., Alcon Components Ltd., CK Birla Group, GMB CORP., JTEKT Corp., KG International FZCO, Med Engineering Ltd., NACHI FUJIKOSHI Corp., NSK Ltd., NTN Corp., Schaeffler AG, Seco Global Co. Ltd., Tata Steel Ltd., Texspin Bearings Ltd., The Timken Co., Tilton Engineering Inc., Valeo SA, Xiangyang Automobile Bearing Co. Ltd., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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