Global Automotive Pressure Plates Market – Industry Trends and Forecast to 2029

Global Automotive Pressure Plates Market, By Product Type (Coil Spring Type, Diaphragm Type), Clutch Type (Single Plate Friction Clutch, Multiplate Friction Clutch, Cone Clutch), Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (OEM, Aftermarket) - Industry Trends and Forecast to 2029.

Automotive Pressure Plates Market Analysis and Size

Automotive pressure plates are one of the most important part of the vehicles. In recent years, there has been a rise in demand for automobiles which has increased the growth of the automotive pressure plates market. Pressure plates are required for every automobile which is mainly depending on the size of clutch systems. They become a crucial part of the clutch system, usually sold on a large scale. Therefore, rising vehicle production, especially electric vehicles, is one of the major factors expected to drive the growth of the global automotive pressure plates market during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the automotive pressure plates market was valued at USD 50.69 billion in 2021 and is expected to reach USD 78.39 billion by 2029, registering a CAGR of 5.60 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Automotive Pressure Plates Market Scope and Segmentation

Market Definition

Pressure plate is an essential part of clutch systems which is used in automobiles. It is a spring-loaded device that bolts onto the flywheel and can disengage or engage the flywheel and clutch disc. The clutch disc fits between the flywheel and the pressure plate. Pressure plates are available in two types: the diaphragm type and the coil spring type. The manufacturers of automotive pressure plates confirm that these plates have considerable stress limits and high-temperature resistance.

Global Automotive Pressure Plates Market Dynamics

Drivers

• Rise in the sales of the new car

The growing vehicle sales is directly proportional to the rising demand for the automotive parts such as automotive pressure plates. In the U.S. market, the automotive sector will witness new car sales by 30%. There have also been augmented demands for high-power vehicles coupled with traction and acceleration competencies. So, the growing demand of vehicle is estimated to also propel the demand for the automotive pressure plates which are expected to drive the growth of the automotive pressure plates market.

• Growing demand for fuel-efficient systems

The rising need and demand for fuel-efficient automotive systems have influenced the development of improved and advanced clutch systems for instance, Dual Clutch Transmission (DCT) system, which is expected to create a positive outlook for the growth of the automotive pressure plates market.

• Expansion of automotive industry

Rising production of vehicles is one of the major factors which is attributed to the growth of the automotive horn systems market worldwide. For instance, according to the International Organization of Motor Vehicle manufacturers, the total number of vehicles produced in 2016 was 95 million units, which augmented to 97 million units in 2017, globally. Therefore, rising number of vehicles on road is dominating to growing the demand for automotive pressure plates which are expected to increase the market growth rate during the forecast period of 2022-2029.

Furthermore, growing demand for quality products in the automotive sector, shifting preference towards manual to semi-automatic or fully automatic transmission systems among consumer in vehicles, rising demand for electric vehicles, and increase in disposable income which has increased the demand for passenger vehicles, are some other factors which are anticipated to boost the growth of the automotive pressure plates market. 

Opportunities

• Rising demand for cost effective clutches

Cost of the manual clutches is considerably less than automatic clutches. According to this, the automotive pressure plate market is expected to be more profitable during the forecast period. The need for highly cost effective clutches is anticipated to increase due to the increasing demand for high-power vehicles along with improved traction and acceleration capabilities. This is expected to create immense opportunities for the automotive pressure plate market during the forecast period.

Additionally, increasing requirement for automotive clutch systems will further increase several new opportunities for the growth of the automotive pressure plates market during the forecast period.

Restraints/ Challenges

• Growing popularity of automatic transmission

The rising popularity of automatic transmission due to high preferences for driving comforts has increased the demand of the clutches which are high fuel-efficient than the manual ones are expected to act as major restraints and obstruct the growth of the automotive pressure plates market in the forecasted period.

This automotive pressure plates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive pressure plates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive Pressure Plates Market

The outbreak of COVID-19 pandemic has continued to impact the growth of the automotive and many other sector across the globe. This pandemic has hampered a majority of businesses overall the globe due to imposed lockdown, which caused the people to stay at home. The imposed lockdown led to a decrease in the sales of vehicle, consequently, contracting the global automotive pressure plates market. However, the global automotive pressure plates market is anticipated to expand from 2021, due to economic measures, the government has taken some steps to recover from financial losses which has caused imposed shutdown of business activities during the COVID-19 pandemic.

Global Automotive Pressure plates Market Scope

The automotive pressure plates market is segmented on the basis of product type, clutch type, vehicle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Coil Spring Type
• Diaphragm Type

 Clutch Type

• Single Plate Friction Clutch
• Multiplate Friction Clutch
• Cone Clutch

Vehicle Type

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles

 Sales Channel

• OEM
• Aftermarket

Automotive Pressure plates Market Regional Analysis/Insights

The automotive pressure plates market is analysed and market size insights and trends are provided by country, product type, clutch type, vehicle type and sales channel as referenced above.

The countries covered in the automotive pressure plates market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the automotive pressure plates market in terms of market share and revenue growth. This is due to the growing fleet size of vehicles in this region.

North America is expected to be the fastest growing region during the forecast period of 2022-2029 due to the increasing demand for automotive parts.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Pressure Plates Market Share Analysis

The automotive pressure plates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive pressure plates market.

Some of the major players operating in the automotive pressure plates market are:

• BorgWarner Inc (U.S.)
• Schaeffler Group (Germany)
• ZF Friedrichshafen AG. (Germany)
• Valeo (France)
• Eaton (Ireland)
• AISIN CORPORATION (Japan)
• Clutch Auto Ltd. (India)
• NSK Ltd, (Japan)
• AMS Automotive. (U.S.)
• Schaeffler Group (Germany)
• Torotrak (U.K.)
• Magneti Marelli (Italy)
• California Custom Clutch (U.S.)
• Anand Group (India)
• RAICAM INDUSTRIE SRL (India)
• Makino (India)
• Hebei Tengda Auto Parts Co., Ltd. (China)