Automotive Brakes And Clutches Market To Hit $35.45 Billion Mark By 2029: A Detailed Analysis
21 Jan, 2025
What Has Been the Historical And Current Performance Of The Automotive Brakes And Clutches Market?
The Automotive Brakes And Clutches Market has undergone steady expansion in the past couple of years, attributing to key developments in the early stages of automobile manufacturing and more.
• The market grew from $26.65 billion in 2024 to $27.86 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%.
The market has seen this growth because of increased vehicle mass and speed, adoption of hydraulic brake systems, demand for improved safety features, and evolution of automotive manufacturing processes.
What is the Projected Growth Of The Automotive Brakes And Clutches Market?
Moving forward, the market for automotive brakes and clutches is set to witness a strong surge in growth.
• The market value is estimated to reach $35.45 billion by 2029 growing at a compound annual growth rate (CAGR) of 6.2%.
This growth rate can be attributed to the ongoing electrification of vehicles, development of smart braking systems, focus on energy recovery systems, continued emphasis on safety and autonomous driving. Key trends include brake-by-wire systems, regenerative braking technologies, lightweight brake materials and more.
Why Is The Automotive Brakes And Clutches Market Experiencing Growth?
The major drive for the market's growth comes from the flourishing automotive industry. The industry's prolific growth directly impacts the demand for automotive brakes and clutches as they form essential parts of every vehicle. In 2024, the UK's automotive industry saw new car registrations increase for the 21st consecutive month, with a slight rise of 1.0%, bringing the total to 134,274 units, hence substantiating the growth of the automotive brakes and clutches market.
What Are The Segments Of The Automotive Brakes And Clutches Market?
The automotive brakes and clutches market can be segmented as follows:
1) By Product: Original Equipment Manufacturer (OEM), Aftermarket
2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
4) By Application: Passenger Car, Commercial Vehicle
What Trends Are Influencing The Automotive Brakes And Clutches Market?
Innovation is the key trend influencing the automotive brakes and clutches market. Major companies operating in this market are focusing on solutions like automatic clutch systems to enhance the driving experience, improve vehicle performance and reduce fuel consumption. For instance, Bayerische Motoren Werke AG launched the Automated Shift Assistant (ASA), an innovative automatic clutch system, in May 2024.
Who Are The Major Players In The Automotive Brakes And Clutches Market?
Key contributors to the evolving landscape of the automotive brakes and clutches market include:
• FCC Co. Ltd.
• BorgWarner Inc.
• NSK Ltd.
• Valeo Service Group
• Robert Bosch GmbH
• Brembo SpA
• Continental AG
• ZF Friedrichshafen AG
• Marelli Holdings Co. Ltd.
• Exedy Corporation
What Is The Leading Region In The Automotive Brakes And Clutches Market?
North America dominated the automotive brakes and clutches market in 2024, with the regions covered in this report including Asia-Pacific, Western Europe, Eastern Europe, South America, and the Middle East, and Africa.