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The Global Motorcycle Clutch Market size is forecast to increase by USD 523.9 million, at a CAGR of 3.2% between 2023 and 2028. The growth of the market is driven by several key factors. Increasing motorcycle sales globally, coupled with a growing aftermarket industry and rising demand for high-performance motorcycles, propel market expansion. Key countries such as China, India, Germany, USA, and India play pivotal roles in driving this growth, contributing significantly to market dynamics. These nations exhibit robust consumer demand for motorcycles and related accessories, fostering a competitive landscape for clutch manufacturers. As the market expands, innovations in technology cater to diverse consumer preferences and performance requirements, ensuring enhanced durability and efficiency. Manufacturers are strategically positioned to capitalize on these opportunities by aligning with evolving market trends and leveraging regional growth potentials in these key countries.
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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.
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The manual transmission clutch segment showed a gradual increase in the market share of USD 1.96 billion in 2018. 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 market in the manual transmission clutch segment during the forecast period.
Based on the application, the market is segmented into ordinary motorcycle and luxury motorcycle. The ordinary motorcycle segment holds the largest market share. Ordinary motorcycles are popular for daily commuting, especially in urban areas with traffic congestion. They offer convenient and efficient transportation due to their lightweight and maneuverable design, enabling quick navigation through city streets. Additionally, The affordability factor makes them accessible to a larger demographic, including entry-level riders, students, and those seeking budget-friendly options. The increasing demand for these motorcycles will propel the growth of the market in the ordinary motorcycle segment during the forecast period.
APAC is estimated to contribute 32% to the growth of the global market during the market growth and forecasting period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the APAC region is witnessing significant growth due to the high demand for motorcycles and scooters. Countries like China, India, Indonesia, Vietnam, and Thailand have some of the largest motorcycle markets, with China and India being the major drivers of motorcycle clutch demand. Motorcycles are popular for personal transport in these economies due to their affordability, ease of maintenance, convenience, and space efficiency. As economies like India and China experience rising incomes and changing consumer lifestyles, the demand for heavyweight motorcycles is increasing. Many well-known motorcycle manufacturers are expanding their presence in India, further boosting the market. Additionally, increasing traffic congestion in China has led to a surge in motorcycle use, driving the adoption of motorcycle clutches in the APAC region.
The market is dynamic, influenced by various factors including the adoption of semi-automatic systems by OEMs. Ricardo and other disrupters are pivotal in shaping industry developments, with both short-term and long term impact on applications and end-users. The market sees emerging niche segments like automobile slipper clutches and torque limiters catering to diverse consumer needs. Issues such as wear and tear, rear-wheel lockup, engine seizure, and transmission failure drive innovations in clutch technology. An export-import analysis reveals significant opportunities for potential investors interested in low-cost motorcycles and advanced clutch solutions. Company analysis highlights strategic moves by key players to capitalize on market trends and enhance product offerings. As the motorcycle industry evolves, advancements in clutch technology continue to ensure safety, performance, and efficiency, meeting the demands of motorcycle enthusiasts worldwide. 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.
Increasing demand for high-performance motorcycles is a key factor driving the market growth. The market is experiencing significant growth, driven by the increasing demand for high-performance motorcycles. Sports bikes, adventure motorcycles, and superbikes are becoming popular among motorcycle enthusiasts seeking thrilling riding experiences. These high-performance motorcycles require specialized clutch systems capable of handling their powerful engines, high torque, and aggressive riding styles. To meet these demands, clutch manufacturers have developed advanced clutch components and systems with durable materials and optimized engagement mechanisms.
Moreover, the rising interest in motorsports, track days, and motorcycle racing events has further fueled the demand for high-performance motorcycles and their corresponding clutch systems. As a result, the global market is expected to thrive during the forecast period.
A rising trend in the market is the growing popularity of slipper clutches. These clutches are favored for their ability to prevent rear-wheel instability and lock-up during aggressive downshifting. Engine braking during abrupt downshifts while cornering can cause the rear wheel to skid or hop, potentially leading to loss of control. Slipper clutches address this issue by partially disengaging or slipping when the engine's back torque exceeds a certain threshold. This reduces the force transmitted to the rear wheel, ensuring smoother and more controlled deceleration, particularly in demanding riding conditions like racing.
Moreover, initially popular in racing, slipper clutches are now becoming standard or optional equipment in performance-oriented street-legal motorcycles. Key vendors like STM Italy srl offer high-quality aftermarket slipper clutch systems that enhance rider control during downshifting, further driving the trend's growth in the market.
The market is facing challenges in the auto parts aftermarket. The cost difference between original and genuine OE replacement parts and unauthorized or fake aftermarket parts creates a barrier for consumers, hindering market growth. Authentic aftermarket parts offer better quality, reliability, and durability, adhering to required standards and specifications.
Also, they have a higher threshold for accuracy and precision compared to unauthorized alternatives. The value chain for original parts operates on higher margins and lower volume, while unauthorized parts rely on thinner margins and higher returns, attracting impulsive buyers. These factors present significant challenges to the growth of the market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Aim-tamachi- The company offers motorcycle clutch such as variable pressure clutch.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 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
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.
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The market is influenced by OEM strategies and the competition among followers, with both short term impact and long term implications on inflation analysis and average prices. Main companies are focused on producing innovative products and services with a high gross margin and are engaged in the latest developments of production and consumption statuses. Raw material analysis is crucial for downstream buyers in sectors such as transportation and logistics. The market caters to diverse Applications/End-user, including automobile slipper clutch and torque limiter. Premium bikes and racing prototype bikes demand advanced clutch systems, enhancing suspension and requiring skilled labor for installation and maintenance procedures. Technologies like anti-lock braking system and fuel injection are pivotal in segmentation analysis based on engine capacity, from mid-size to full-size categories.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
Market Growth 2024-2028 |
USD 523.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.06 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
China, India, US, Germany, and Indonesia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AIM Corp., Barnett Tool and Engineering, BorgWarner Inc., EXEDY Corp., FCC Clutch India Pvt. Ltd., EBC Brakes, 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 growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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