Enjoy complimentary customisation on priority with our Enterprise License!
The motorcycle clutch market size is estimated to grow at a CAGR of 3.26% between 2022 and 2027. The market size is forecast to increase by USD 519.75 million. The growth of the market depends on several factors, including increasing motorcycle sales, growing aftermarket industry, and increasing demand for high-performance motorcycles.
This motorcycle clutch market report extensively covers market segmentation by type (manual transmission clutch and semi-automatic transmission clutch), application (ordinary motorcycle and luxury motorcycle), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The increasing motorcycle sales is notably driving the market growth, although factors such as the ongoing economic slowdown in major emerging economies is hindering the market growth. Our researchers analyzed the data with 2022 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.
The increasing motorcycle sales is the key driver for the growth of the motorcycle clutch market. The motorcycle clutches market depends upon the sales of new motorcycles. Clutch system adoption in regular motorcycles is different from high-performance motorcycles, due to the cost required for technology adoption. For example, regular motorcycles continue to use traditional clutch systems, while heavyweight motorcycles are shifting to an advanced clutch system that is capable of handling increased power and torque.
Moreover, motorcycle sales rise from 14.2% in 2021 as compared with 2020 because of the increasing demand for motorcycles across the world. The traditional clutch systems are adopted in a high number of motorcycles due to the demand for low-powered motorcycles. For example, in 2020, APAC, which accounted for more than 85% of the global motorcycle market, had more than 90% of the motorcycles in the low-power motorcycle category. Therefore, this led to the adaptation of high-volume traditional clutch systems. Thus, the increasing sales of motorcycles in all segments will boost the growth of the global motorcycle clutch market during the forecast period.
The increasing adoption of smart clutches is one of the emerging trends in the global motorcycle clutch market. These clutches is having advanced technologies, such as sensors, actuators, and ECUs, to optimize clutch performance based on riding conditions and rider inputs. Smart clutches are designed to adapt to different riding styles and conditions. The clutch system optimizes performance for different riding scenarios, including city commuting, highway cruising, or aggressive sport riding. Additionally, smart clutches offer improved control and precise engagement for riders. This helps in reducing clutch judder, clutch slip, and harsh clutch engagement, enhancing the overall riding experience.
Furthermore, smart clutches can incorporate safety features to enhance rider safety and prevent accidents. For instance, the clutch system can be integrated with traction control systems to modulate the power delivery and torque transmission during slippery road conditions. There are a few vendors present in the market such as Rekluse which is a well-known manufacturer that specializes in high-performance clutch systems for motorcycles. The Rekluse smart clutches have smart features such as adjustable engagement characteristics and improved durability. Thus, the growing adoption of smart clutches is one of the trends, which are expected to drive the growth of the global motorcycle clutch market during the forecast period.
The ongoing economic slowdown in major emerging economies is the major challenge for the motorcycle clutch market. The high economic growth in developing countries such as China and Brazil results in high production and an increase in sales. Thus, these economies accounted for the major portion of the incremental demand for motorcycle components, such as clutch systems. However, the ongoing slowdown and the risk of a further slowdown of the economy in China will severely impact the adoption of motorcycles and their components, such as suspension systems, during the forecast period.
Moreover, due to the outbreak of COVID-19 in 2020 in China, the GDP growth rate of the country declined to 2.3%. Similarly, in 2023, real GDP growth in Brazil is expected to slow down to 0.8 %, due to the factors such as monetary tightening, high inflation, and subdued global demand. Additionally, all major developing economies are facing a severe outbreak of COVID-19 in 2020, which expected that this decline in GDP growth in the major emerging economies will negatively impact the market in the future. In addition, the prolonged trade war between China and the US has been impacting the economy in China considerably in recent years. Businesses remain skeptical about the two countries reaching a broader trade agreement. This will act as a major challenge to the growth of the global motorcycle clutch market during the forecast period.
The market 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 Motorcycle Clutch Market Customer Landscape
Vendors 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.
AIM Corp.: The company offers motorcycle clutches such as variable pressure clutches.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the manual transmission clutch segment will be significant during the forecast period. Manual transmission clutches are equipped with traditional manual transmissions. These clutches require manually engaging and disengaging the clutch by operating the clutch lever. Manual transmission clutches are commonly found in older motorcycles and some smaller displacement bikes. They offer precise control over gear shifting and are preferred by riders who enjoy the engagement and control offered by manual transmissions.
Get a glance at the market contribution of various segments View the PDF Sample
The manual transmission clutch segment show a gradual increase in the market share of USD 1,933.87 million in 2017 and continue to grow by 2021. In the manual transmission segment, few key vendors are present in the market which are offering manual transmission clutches. For example, Rekluse is a leading manufacturer of innovative clutch systems, including manual transmission clutches with advanced technologies. They offer the products such as Core Manual TorqDrive clutch kits, which enhance clutch performance and reduce rider fatigue which improves control. Thus, the growing use of manual transmission clutches in motorcycles will drive the growth of the global motorcycle clutch market in the manual transmission clutch segment during the forecast period.
For more insights on the market share of various regions Download the PDF Sample now!
APAC is estimated to contribute 32% 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. In APAC, the motorcycle clutch market is increasing due to the high demand for motorcycles and scooters in this region. Countries like China, India, Indonesia, Vietnam, and Thailand are having the largest motorcycle markets in the world.
Moreover, growing economies like China and India will continue to grow the motorcycle clutch market due to the rising demand for heavyweight motorcycles. Because of the characteristics such as growing economies, rising populations, increasing incomes, and changing consumer lifestyles, these countries drive the market. For example, according to projections from the National Statistical Office (NSO), India's per capita net national income at current prices for 2022-2023 will be INR 172,000 as compared to the per capita income of INR 86,647 in 2014-2015. Thus, the above-mentioned factors are expected to drive the growth of the regional market during the forecast period.
In 2020, the rise of COVID-19 had an adverse influence on the growth of the automobile industry in APAC. As a result, governments of the countries, including India, China, and Japan, were obliged to impose lockdowns in 2020. However, in 2021, due to large-scale vaccination campaigns in APAC, as well as rising investments from government and private sources into the auto industry, led to the reopening of motor vehicle manufacturing plants in APAC. Addit. Moreover, the regional governments are taking several steps to boost the demand for motorcycles. For example, the Union Budget 2023 has proposed that the government will focus on providing tax relief to buyers. As a result of these factors, the growth of the motorcycle clutch market in APAC is expected to increase during the forecast period.
The motorcycle clutch market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the Motorcycle Clutch Market as a part of the consumer discretionary market within the global automobiles and components market. The parent global application software market covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Motorcycle Clutch Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.26% |
Market growth 2023-2027 |
USD 519.75 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.78 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
US, China, India, Indonesia, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AIM Corp., Barnett Tool and Engineering, BorgWarner Inc., EXEDY Corp., FCC Clutch India Pvt. Ltd., Freeman Automotive UK Ltd., Hilex Industry India Pvt Ltd., Hinson Clutch Components, JNE CO. LTD., MK Group, Mount Channel MGF. Ltd., MTC Engineering LLC, NEW FREN srl, Race Winning Brands Inc., Schaeffler AG, Shanghai Yonghuan Friction Material Co. Ltd., STM ITALY srl, SURFLEX srl, Suter Industries AG, 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 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.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.