Automotive Pressure Plate Market: Global Industry Analysis and Forecast 2023-2029

Automotive Pressure Plate Market is anticipated to reach US$ 74.46 Bn. by 2029 from US$ 52.92 Bn. in 2022 at a CAGR of 5 % during a forecast period.

The pressure plate is an important part of the clutch mechanism in cars. The clutch disc and flywheel are engaged or disengaged by a pressure plate, which is a spring-loaded mechanism. It attaches to the flywheel with a bolt. The clutch disc sits between the pressure plate and the flywheel. The diaphragm type and the coil spring type are the two main types of pressure plates. Automotive pressure plate producers guarantee that these plates have strong temperature resistance as well as significant stress limitations.

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In report, 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Automotive Pressure Plate Market Dynamics
Increase in Vehicle Production & Sales:

The worldwide market is largely driven by rising global vehicle production and sales. Sales of commercial vehicles such as trucks, tractors, and trailers are also driving the market ahead. During the forecast period, customer demand for low-weight automobiles, as well as luxury and premium vehicles, is expected to drive market growth. Vehicle sales globally were over 88.7 million in 2019, and it is expected to reach xx million by 2027. As the world population's disposable income grows, demand for passenger automobiles and other automotive vehicles as a form of local transportation is expected to grow considerably throughout the forecast period. This is expected to boost demand in the automotive pressure plate market.

In addition, the cost of manual clutches is considerably lower than that of automatic clutches. As a result of this, the market is likely to benefit even more during the forecast period. The need for highly efficient powertrains in cars is expected to rise as the demand for high-power vehicles grows, along with enhanced acceleration and traction capabilities. This is expected to drive demand for tiny automotive pressure plates in the market during the forecast period.

Restraints: One of the major factors that are expected to limit the growth of the market is the growing inclination for automatic transmission. Electric cars are also gaining popularity across the world. Manual clutches, on the other hand, have a limited application in electric cars. This is expected to hamper the market's growth during the forecast period.
Automotive Pressure Plate Market Segmentation Analysis
By Vehicle Type, due to a growth in the sale of passenger cars and technical improvement in developed country automobiles, the passenger vehicles segment has the biggest market share of xx percent in 2022. Consumer demand for safety, premium, luxury, and comfortable automobiles is likely to fuel growth in the passenger vehicle market throughout the forecast period. In 2020, the United States dominated the passenger automobile industry, accounting for 27 percent of worldwide sales. In 2022, there can be 56 million passenger automobiles on the road worldwide, down 11.7 percent from the previous year.
Automotive Pressure Plate Market Regional Insight
The Asia Pacific is likely to dominate the automotive pressure plate market. This may be ascribed to the region's expected growth in car fleets as a result of the region's growing middle-class population. Furthermore, the demand for premium automobiles in the North American market is growing rapidly. However, throughout the region, the trend for automatic transmission has grown. In the next years, this might have a detrimental influence on sales in the automobile pressure plate market. Furthermore, due to the rising demand for low-cost manual clutches, the use of automotive pressure plates is expected to increase in the MEA region.

Europe, the United States, and Canada have all established vehicle manufacturing centers, which are expected to account for a considerable portion of the global market. Furthermore, the rapidly growing demand for car components in established countries such as Germany, the United States, and others is expected to fuel the growth in the auto pressure plate market. In the international automotive stress plate market, areas such as the Middle East, Africa, and Latin America are expected to have healthy and balanced growth.
Report Objectives:
Landscape analysis of the Automotive Pressure Plate Market

competitive benchmarking

Past and current status of the industry with the forecasted market size and trends

Evaluation of potential key players that include market leaders, followers, and new entrants

Technology trends

Potential impact of micro-economic factors of the market

External and Internal factors affecting market have been analyzed

The report also helps in understanding the market dynamics, structure by analyzing the market segments and project the Automotive Pressure Plate Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Pressure Plate Market make the report investor’s guide.
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Automotive Pressure Plate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 52.92 Bn.


Forecast Period 2023 to 2029 CAGR:
5%
Market Size in 2029:
US $ 74.46 Bn.


 Segments Covered:
by Product Type
Coil Spring Type
Diaphragm Type


by Clutch Type
Single plate friction Clutch
Multiplate friction Clutch
Cone Clutch


by Vehicle Type
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles


by Sales Channel
OEM
Aftermarket



Automotive Pressure Plate Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Pressure Plate Market Key Players
1. MACAS Automotive
2. MK AUTO Group
3. Setco Automotive Limited.
4. Apls Automotive Industries Pvt. Ltd.
5. Makino Auto Industries Pvt. Ltd.
6. ASK Automotive Pvt. Ltd.
7. Valeo Friction Materials India Private Limited
8. GOLDEN Precision Products Pvt. Ltd
9. SASSONE SRL
10. Raicam Clutch Ltd
11. California Custom Clutch Corporation
12. RSM Autokast Ltd.
Frequently Asked Questions
1. What is the projected market size & growth rate of Automotive Pressure Plate Market?
Ans- Automotive Pressure Plate Market is anticipated to reach US$ 74.46 Bn. by 2029 from US$ 52.92 Bn. in 2022 at a CAGR of 5 % during a forecast period.

2. What is the key driving factor for the growth of Automotive Pressure Plate Market?
Ans- The need for highly efficient powertrains in cars is expected to rise as the demand for high-power vehicles grows, along with enhanced acceleration and traction capabilities. This is expected to drive demand for tiny automotive pressure plates in the automotive pressure plate market during the forecast period.

3. Which Region accounted for the largest Automotive Pressure Plate Market share?
Ans- the Asia Pacific is likely to dominate the automotive pressure plate market.

4. What makes MEA a Lucrative Market for Automotive Pressure Plate Market?
Ans- due to the rising demand for low-cost manual clutches, the use of automotive pressure plates is expected to increase in the MEA region.

5. What are the top players operating in Automotive Pressure Plate Market?
Ans- MACAS Automotive, MK AUTO Group, Setco Automotive Limited., Apls Automotive Industries Pvt. Ltd., Makino Auto Industries Pvt. Ltd., and ASK Automotive Pvt. Ltd.