Global Commercial Vehicle Clutch Market 2017-2021

Overview of the global commercial vehicle clutch market

According to Technavio's market research analysis, the rising use of LCVs for last mile distribution will be one of the major factors that will have a positive impact on the growth of the global commercial vehicle clutch market during the forecast period. The growth of the e-commerce industry is increasing the demand for commercial vehicles. E-commerce logistics accounts for a significant share to the sales of commercial vehicle and this will further increase in the coming years. This is mainly due to the high requirement of commercial vehicles in the e-commerce sales for delivery of products from warehouse to customers. The LCVs are highly preferred for the last mile distribution or connectivity. This growing use of LCVs will drive the sales of clutches as clutches are used in every vehicle and driving the market growth during the forecast period. Our market research analysts predict that this market will witness a sales of more than 23 million units by 2021.

The rising popularity of DCT systems in commercial vehicles is one of the key trends that will contribute to the market's growth in the coming years. DCT or twin-clutch transmission systems are mostly used in high-performance sports cars. These systems are a type of automatic transmission system that widely uses dual clutches for controlling even and odd gear sets. Dual transmission system enables the driver to manually decide gear shifting in semi-automatic driving mode. Volvo is the first vehicle manufacturer to equip DCTs in heavy-duty commercial vehicles since 2014. Volvo FH model heavy commercial trucks were the first to equip DCTs. This will lead to the growth of this automotive clutch market.

Competitive landscape and key vendors  

The commercial vehicle clutch market consists of few international vendors and several local manufacturers. The rising demand for commercial vehicles, especially in the developing markets and the introduction of stringent fuel-efficiency regulations will offer significant growth opportunities to the players in this automotive clutch market. Moreover, the rising demand for DCT systems is also offering growth opportunities to the vendors in this market.

The leading vendors in the market are ?

• BorgWarner
• Eaton
• Schaeffler
• ZF Friedrichshafen

The other prominent vendors in the market are Valeo, EXEDY, Aisin Seiki, NSK, Clutch Auto, and FCC.

Segmentation by end-user and analysis of the commercial vehicle clutch market

• LCVs
• HCVs

During 2016, the LCVs segment accounted for the major shares of the commercial vehicle clutch market. Factors such as the rising demand for LCVs and the popularity of e-commerce logistics, will contribute to the growth of this automotive clutch market segment in the LCV segment.

Geographical segmentation and analysis of the commercial vehicle clutch market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial vehicle clutch market throughout the forecast period. The rapid industrialization and transfer of goods to different parts of the US and rising economic growth of Brazil will drive the growth of the commercial vehicle clutch market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicle clutch market?
• What are the key market trends impacting the growth of the global commercial vehicle clutch market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle clutch market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle clutch market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicle clutch market?

Technavio also offers customization on reports based on specific client requirement.

The growing demand for dual clutch transmission systems is one of the promising reason for the growth of the global commercial vehicle clutch market. This research report on the global commercial vehicle clutch market offers deep insights into the automotive industry focusing on major segments like automotive components. Furthermore, this study also implements an in-depth market research methodology comprising of primary and secondary data collection techniques to offer an all-inclusive picture of the market for the projected period of 2017-2021.

This report on the global commercial vehicle clutch market is highly competitive with major and minor players. Some of the players in this market include ZF,?EXEDY Corp., and Eaton. This report is segmented across several geographies like the Americas, APAC, and EMEA to help the client expand in the niche markets and formulate effective strategies.

Our report on the global commercial vehicle clutch market also offers insights into other major segments in the automotive industry like the automotive manufacturing. Furthermore, this report on the global commercial vehicle clutch market considers similar fast-growing market like automotive coolant market, which is expected to post a CAGR of close to 5% by 2021.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.