Market Overview:
The global truck clutch assembly market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles across the globe. Additionally, the rising adoption of advanced technologies, such as automatic transmission (AT) and continuously variable transmission (CVT), in trucks is also propelling the growth of this market. The global truck clutch assembly market can be segmented on the basis of type into manual transmission (MT), automatic transmission (AMT), automated manual transmission (AT), and CVT. The AT segment is expected to grow at a higher CAGR during the forecast period owing to its advantages over other types of transmissions, such as improved fuel economy and performance. On the basis of application,the global truck clutch assemblymarket can be divided into pre-installed and aftermarket segments.
Product Definition:
A truck clutch assembly is a device that couples and uncouples the power transmission from the engine to the drive axle. It typically consists of two metal plates called "clutch plates" or "discs," which are forced together by a spring or compressed air. When engaged, the clutch plates transfer torque from one shaft to another.
MT:
MT, which stands for Magnetic Therapy is a form of alternative medicine that involves the use of magnets to cure various medical conditions. It has been in practice for several thousand years and has gained popularity recently due to increased awareness among people regarding its benefits. MT uses magnetic fields for healing purposes by stimulating nerves and blood vessels; it also helps in reducing pain, increasing energy level along with curing several other diseases.
AMT:
The AMT (Automatic Manual Transmission) is a type of Continuously Variable Transmission. It’s an internal combustion engine driven transmission system that allows manual control of power flow between the engine and drivetrain. In this case, the driver can shift gears manually without using clutch pedal or gear stick as in conventional automatic transmission systems.
In conventional automatic transmissions, there is one main torque convertor (torque converter) which provides drive to both forward.
Application Insights:
The pre-installed market was valued at USD 4.9 billion in 2017 and is expected to witness significant growth over the forecast period owing to the growing preference for vehicle components that are manufactured specifically for a vehicle by an OEM. The aftermarket segment is also expected to witness considerable growth over the next eight years on account of increasing demand from consumers, particularly in North America and Europe.
Demand from commercial vehicles is likely to be driven by factors such as rising demand for trucks with enhanced capabilities, longer range, increased payload capacity, improved reliability & durability and lower operational costs among others. Moreover, technological advancements coupled with high performance requirements will drive product adoption across commercial vehicles such as refrigerated transport trucks (reefers), dry van service buses among others thereby propelling market growth across various application segments during the forecast period.
Regional Analysis:
The North American region dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of prominent truck manufacturers such as Caterpillar, Cummins, and Deere & Company. These companies are consistently investing in R&D activities for developing technologically advanced products that meet the high performance standards required by customers. This has resulted in increased demand for various types of trucks equipped with automated manual transmission (AMT) or Continuously Variable Transmission (CVT).
Asia Pacific is expected to register significant growth over the forecast period owing to increasing sales volume of commercial vehicles on account improved economic conditions and rapid industrialization coupled with urbanization across emerging economies including China, India, Indonesia among others. Furthermore growing middle-class population along with rising living standards have spurred consumer spending on passenger cars and personal transportation equipment which is further anticipated to drive industry expansion over next eight years from 2018 to 2030 time frame.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck market is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for truck clutches, as they are an essential component of trucks.
- Technological advancements: The clutch assembly market is witnessing rapid technological advancements, with new products being launched regularly. This is helping manufacturers to offer better products and stay ahead of the competition.
- Rising disposable income: A rise in disposable income has led to an increase in demand for luxury cars and commercial vehicles around the world. This is benefiting the clutch assembly market as these vehicles require high-quality clutches for optimum performance.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Clutch Assembly Market Research Report
By Type
MT, AMT, AT, CVT, Other
By Application
Pre-installed Market, After Market
By Companies
Schaeffler (Luk), ZF (Sachs), Valeo, Exedy, F.C.C, BorgWarner, Aisin, Eaton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Truck Clutch Assembly Market Report Segments:
The global Truck Clutch Assembly market is segmented on the basis of:
Types
MT, AMT, AT, CVT, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pre-installed Market, After Market
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schaeffler (Luk)
- ZF (Sachs)
- Valeo
- Exedy
- F.C.C
- BorgWarner
- Aisin
- Eaton
Highlights of The Truck Clutch Assembly Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MT
- AMT
- AT
- CVT
- Other
- By Application:
- Pre-installed Market
- After Market
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truck Clutch Assembly Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A truck clutch assembly is a component of a truck that helps to engage and disengage the transmission from the engine.
Some of the key players operating in the truck clutch assembly market are Schaeffler (Luk), ZF (Sachs), Valeo, Exedy, F.C.C, BorgWarner, Aisin, Eaton.
The truck clutch assembly market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck Clutch Assembly Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck Clutch Assembly Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Clutch Assembly Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck Clutch Assembly Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck Clutch Assembly Market Size & Forecast, 2018-2028
4.5.1 Truck Clutch Assembly Market Size and Y-o-Y Growth
4.5.2 Truck Clutch Assembly Market Absolute $ Opportunity
Chapter 5 Global Truck Clutch Assembly Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Truck Clutch Assembly Market Size Forecast by Type
5.2.1 MT
5.2.2 AMT
5.2.3 AT
5.2.4 CVT
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Clutch Assembly Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Truck Clutch Assembly Market Size Forecast by Applications
6.2.1 Pre-installed Market
6.2.2 After Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck Clutch Assembly Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck Clutch Assembly Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Truck Clutch Assembly Analysis and Forecast
9.1 Introduction
9.2 North America Truck Clutch Assembly Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Truck Clutch Assembly Market Size Forecast by Type
9.6.1 MT
9.6.2 AMT
9.6.3 AT
9.6.4 CVT
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Truck Clutch Assembly Market Size Forecast by Applications
9.10.1 Pre-installed Market
9.10.2 After Market
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Truck Clutch Assembly Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Clutch Assembly Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Truck Clutch Assembly Market Size Forecast by Type
10.6.1 MT
10.6.2 AMT
10.6.3 AT
10.6.4 CVT
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Truck Clutch Assembly Market Size Forecast by Applications
10.10.1 Pre-installed Market
10.10.2 After Market
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Truck Clutch Assembly Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Clutch Assembly Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Truck Clutch Assembly Market Size Forecast by Type
11.6.1 MT
11.6.2 AMT
11.6.3 AT
11.6.4 CVT
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Truck Clutch Assembly Market Size Forecast by Applications
11.10.1 Pre-installed Market
11.10.2 After Market
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Truck Clutch Assembly Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Clutch Assembly Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Truck Clutch Assembly Market Size Forecast by Type
12.6.1 MT
12.6.2 AMT
12.6.3 AT
12.6.4 CVT
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Truck Clutch Assembly Market Size Forecast by Applications
12.10.1 Pre-installed Market
12.10.2 After Market
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Truck Clutch Assembly Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Clutch Assembly Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Truck Clutch Assembly Market Size Forecast by Type
13.6.1 MT
13.6.2 AMT
13.6.3 AT
13.6.4 CVT
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Truck Clutch Assembly Market Size Forecast by Applications
13.10.1 Pre-installed Market
13.10.2 After Market
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck Clutch Assembly Market: Competitive Dashboard
14.2 Global Truck Clutch Assembly Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schaeffler (Luk)
14.3.2 ZF (Sachs)
14.3.3 Valeo
14.3.4 Exedy
14.3.5 F.C.C
14.3.6 BorgWarner
14.3.7 Aisin
14.3.8 Eaton
