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The global racing clutches market size is forecast to increase by USD 599.85 million, at a CAGR of 6.95% between 2023 and 2028. The growth rate of the market depends on several factors such as the multiple suppliers developing performance/racing clutches as a product portfolio, the growth in the super-luxury performance vehicle industry, and the rising popularity of car racing events.
The report offers extensive research analysis on the Racing Clutches Market, with a categorization based on Type, including eco performance and high performance. It further segments the market by Application, encompassing OEMs and aftermarkets. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all 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.
One of the key factors driving the racing clutches market growth is the growth in super-luxury performance vehicle industry. The luxury, high-performance vehicles are specially designed to perfection with low restrictions on cost targets. In addition, the super-luxury design cannot be developed without combining the transmission with a high-performance clutch kit. Furthermore, it is a design fact that the engine of a high-performance vehicle will need an advanced clutch kit.
Moreover, engine technology is undergoing continuous advancements, such as performance optimization and efficiency increase in terms of downsizing engines with increased power output, the advanced technology of power delivery, and the high application of carbon fiber material. Therefore, with such developments, performance vehicles will be the prime focus for all OEMs, which, in turn, will drive the growth of the global racing clutches market during the forecast period.
A key factor shaping the racing clutches market growth is the friction-less engine coupling with drive system. The clutch system has been the safest method for engine and transmission coupling for a long time now. In addition, when it comes to engine technology, reduction of friction and increase in energy transfer efficiency have been subjects of significant research.
Moreover, it is expected that, with time, the manual gearbox will phase-out from the automotive industry and give way to automatic transmission. In addition, research has enabled the development of a new clutch technology that eliminates clutch friction and pressure plate. Furthermore, this new technology clutch kit is highly efficient and has an enhanced lifetime. Hence, such factors are driving the market growth during the forecast period.
The adoption of racing clutches in the low-volume segment is one of the key challenges hindering the racing clutches market growth. Racing clutches are more focused on performance than luxury vehicle clutches, which offer a balance of performance, comfort, and smooth operation. In addition, for them to be integrated into a luxury vehicle, the racing clutch systems need to be optimized in terms of performance and comfort.
Moreover, this trickle-down has taken about two decades since the inception of the racing clutch technology in supercars and motorsports. Furthermore, the increasing need for safety, lightweight structure, and performance can drive the market, but the penetration in the mass vehicle segment is still going to be very slow. Hence, such factors are hindering the market growth 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 Racing Clutches 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.
Ace Manufacturing and Parts Co: The company offers racing clutches such as circle track clutches and drag racing clutches for drag racing professionals.
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 eco performance segment is estimated to witness significant growth during the forecast period. The eco-performance segment in the global racing clutches market can be referred to as environmentally friendly, sustainable, and high-performance clutches designed to meet both performance and ecological standards. In addition, the demand for eco-performance clutches is increasing due to several factors, reflecting a broader trend toward sustainability in the automotive industry. Furthermore, growing environmental consciousness among consumers and the automotive industry has led to increased demand for sustainable solutions.
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The eco performance segment was the largest segment and was valued at USD 847.21 million in 2018. Moreover, eco-performance clutches align with this trend by integrating environmentally friendly materials and manufacturing processes. In addition, stringent emissions regulations and environmental standards worldwide are pushing manufacturers to develop eco-friendly components. Furthermore, eco-performance clutches help racing teams and automotive enthusiasts meet these regulations without compromising on performance. In addition, eco-performance clutches are designed to optimize power transmission and reduce energy losses, contributing to improved fuel efficiency. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 39% 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.
Another region offering significant growth opportunities to companies is Europe. There is a significant growth of the market in this region as Europe contributes the maximum to the automotive industry performance research and development (R&D). In addition, countries that contribute the most to the development of performance vehicles are Germany, Italy, France, the UK, and Sweden. Moreover, Germany is known as the automotive capital of the world, as the leaders of the luxury segment vehicles belong to this country. It is home to brands such as Mercedes-Benz, Audi (Volkswagen Group), and BMW. In addition, the production of racing clutches largely depends on the sales of high-performance cars. Furthermore, the introduction of high-performance vehicles in car racing events is expected to drive the adoption of racing clutches in Europe. In addition, European countries have been the hosting ground for multiple car racing events, such as Racing Drivers by European Series, European Le Mans Series, and Federation Internationale de l Automobile (FIA) Formula 3 European Championship. Hence, such factors are expected to drive the demand for racing clutches in Europe during the forecast period.
The racing clutches 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.
Racing Clutches Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.95% |
Market Growth 2024-2028 |
USD 599.85 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.83 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Germany, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ace Manufacturing and Parts Co., Advanced Clutch Technology Inc., AIM Corp., AP Racing Ltd, Australian Clutch Services Pty. Ltd., Brembo Spa, Clutch Masters Industries Inc., Competition Clutch Inc., EXEDY Corp., Helix Autosport Ltd., Holley Inc., Klaus Reinicke GmbH, OS Giken USA, Quarter Master, Schaeffler AG, SPEC Clutch Inc, Tilton Engineering Inc., TTV Industrial Ltd., ZF Friedrichshafen AG, and FCC Co. ltd |
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, and 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 Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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