Automotive Clutch Market Overview

According to P&S Intelligence, the Asia-Pacific (APAC) region is expected to hold the largest share in the automotive turbocharger market in the foreseeable future. This can be primarily owed to the surging adoption of vehicles with compact engine size and increasing implementation of stringent vehicle emission norms in the region. Moreover, the mounting purchasing power of customers in emerging economies, such as India and China will also augment the integration of turbochargers in vehicles in the coming years.

High volume adoption of turbochargers by the automotive industry in APAC can also be attributed to the largescale production of automobiles in countries such as China and India. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), India produced 3,062,221 passenger vehicles, 624,939 commercial vehicles, and 18,349,941 two-wheelers during the financial year 2020–2021. Moreover, the China Association of Automobile Manufacturers (CIAAM) states that China produced 1,617,000 passenger cars and 424,000 commercial vehicles in May 2021.

Automotive Clutch Market Emerging Trends

Besides, the increasing concerns being raised over vehicle safety in several countries are also driving the demand for automotive clutches, which is, in turn, fueling the expansion of the global automotive clutch market. Moreover, the market is predicted to exhibit huge expansion from 2019 to 2030 (forecast period). Automotive clutches are required in three-wheelers, two-wheelers, passenger cars, medium and heavy commercial vehicles (M&HCV), and light commercial vehicles (LCV). Out of these, the incorporation of automotive clutches was found to be the highest in passenger cars and this trend is predicted to continue in the upcoming years as well.

Geographically, the sales of automotive clutches are currently the highest in the Asia-Pacific (APAC) region, as per the observations of the market research firm, P&S Intelligence. This is because of the surging manufacturing of automobiles in the region. Additionally, the rising urbanization rate and the growing disposable income of people are also boosting the sales of automobiles, which is, in turn, propelling the demand for automotive clutches in the region.

Thus, it can be concluded that the demand for automotive clutches will shoot up in the coming years, mainly because of the rising manufacturing and sales of automobiles all over the world.

Browse Other Related Reports by P&S Intelligence

Automotive Simulation Market Overview

Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for autonomous cars, smart driving truck platooning, and fleet management.

The surging integration of simulation features in vehicles can be credited to the growing awareness about vehicle and passenger safety. Owing to this reason, the automotive simulation market will register considerable growth during 2020–2030. At present, simulation software developers and automotive original equipment manufacturers (OEMs) are actively focusing on research and development (R&D) activities to introduce advanced systems. To offer advanced solutions, OEMs are increasingly using the internet of things (IoT) technology in their safety systems.

Automotive Simulation Market Emerging Trends

In recent years, automation simulation software providers, such as dSPACE GmbH, The MathWorks Inc., Synopsys Inc., Dassault Systmès SE, ANSYS Inc., Siemens AG, PTC Inc., SIMUL8 Corp., and Altair Engineering Inc. have been emphasizing on partnerships and mergers and acquisitions to develop innovative technologies and improve their product performance. The technologies offered by such companies aim at enhancing safety features and offering assistance to the drivers. Moreover, with the ongoing developments in autonomous technology, simulation software will be required in abundance in the forthcoming futures.

With the increasing number of vehicles and electric vehicles (EVs), the requirement for simulation services and software offered by the aforementioned companies will amplify at a significant rate in the coming years. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2020, 77.9 million vehicles were sold across the world. As per OICA, 53.5 million passenger cars and 24.3 million commercial vehicles were sold in 2020. Moreover, the International Energy Agency (IEA) projects that 79.9 million battery electric vehicles (BEVs) and 44.3 million plug-in electric vehicles (PHEVs) will be sold by 2030.

Automotive Simulation Market Outlook

Between the automotive simulation software and service, the demand for the latter is predicted to surge sharply in the upcoming years. This will be a result of the fact that many automakers all over the world are increasingly adopting consulting and design services in order to cater to the burgeoning requirement for process enhancement and product designs. This is subsequently fueling the advancement of the automotive simulation market across the world.

According to P&S Intelligence, the Asia-Pacific (APAC) region will adopt this software at a rapid pace over the next few years. This is owed to the rapid industrial developments and booming automobile production and sales in regional countries, such as India, Japan, and China. Moreover, the integration of advanced parking assistance systems, telematics, and ley-less entry systems by automakers in their vehicles will also amplify the usage of such software in the APAC countries. The technologies offered by such companies aim at enhancing safety features and offering assistance to the drivers. Moreover, with the ongoing developments in autonomous technology, simulation software will be required in abundance in the forthcoming futures.

Thus, the surging awareness about vehicle and passenger safety and mounting sales of conventional vehicles and EVs will create a huge requirement for automotive simulation software and services in the foreseeable future.