Automotive Clutch Actuator Market size to increase by USD 5.66 Bn | 48% Growth to originate from APAC | Technavio

NEW YORK, Jan. 17, 2022 /PRNewswire/ — The automotive clutch actuator market value is set to grow by USD 5.66 billion, progressing at a CAGR of 10.71% from 2020 to 2025, as per the latest report by Technavio.


Attractive Opportunities in Automotive Clutch Actuator Market by Application and Geography - Forecast and Analysis 2021-2025

Improvements in the economic conditions of people globally have increased the sales of vehicles equipped with advanced transmission systems. The European market has responded positively to developments in automotive technologies with the large-scale adoption of technologies such as ADAS. The region is also home to prominent luxury car manufacturers such as Audi, BMW, Mercedes-Benz, and others that use sophisticated automotive technologies in their vehicles. 

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Automotive Clutch Actuator Market: Rise in demand for automatic transmission systems

The rising consumer demand for comfort and safety is driving automakers to shift from manual to automatic transmissions. The automatic transmission offers a better driving experience and is very handy in stop-and-go traffic as there is no need to operate the clutch. The adoption of vehicles with automatic transmission is gaining more traction in developing countries such as India. With the growing sales of vehicles with automatic transmission systems, the demand for automotive clutch actuators is expected to increase during the forecast period. Besides, the recovery of the global economy is attracting significant investments from automotive manufacturers and suppliers, especially in developing regions such as Brazil. For instance, in August 2019, Volkswagen announced an investment of USD 577 million in its automotive plant in Sao Paulo, Brazil. Such developments will positively influence the market growth during the forecast period.

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Regional Market Analysis

With 48% of the growth originating from APAC, the region will record a faster growth rate during 2021-2025.

The rapid economic development of several countries and increasing per-capita incomes are expected to boost the growth of the automotive clutch actuator market in APAC. The region is home to major automotive brands such as Toyota Motor, Nissan Motor, Mazda Motor, Honda Motor, and Hyundai Motor. Also, foreign automobile brands such as General Motors, Ford Motor, Mercedes-Benz, Audi, BMW, and Volkswagen also have a strong presence in the region and are offering vehicles equipped with automatic transmissions. All these factors are driving the growth of the regional market.

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Automotive Clutch Actuator Market: Segmentation Analysis

This market research report segments the automotive clutch actuator market by application (passenger cars and commercial vehicles) and geography (North America, APAC, Europe, South America, and MEA).

By application, the passenger cars segment accounted for the maximum market share in 2020. The rapid adoption of automatic transmission passenger vehicles is driving the growth of the segment. Also, the increasing number of racing championships and the rising demand for new, fuel-efficient, and technologically advanced vehicles are contributing to the growth of the segment.

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Automotive Automatic Transmission (AT) Market by Type, Vehicle Type, and Geography – Forecast and Analysis 2022-2026

Automotive Clutch Actuator Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.71%

Market growth 2021-2025

USD 5.66 billion

Market structure

Fragmented

YoY growth (%)

9.63

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BorgWarner Inc., Continental AG, Eaton Corp. Plc, Knorr Bremse AG, Kongsberg Automotive ASA, Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Valeo SA, 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 future consumer dynamics, 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.

Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: [email protected]
Website: www.technavio.com/


Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

Katherine E. Ackerman

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