Global Automotive Clutch Spring Market Is Anticipated to Grow at 8.3% CAGR During 2021-2027

April 2021 | Report Format: Electronic (PDF)

Several global economies have rebounded from the 2008 recession. In emerging nations such as China and India, growth rates have been seen to be higher. In emerging nations, the standard of life has also risen, coupled with a significant increase in purchasing power. The worldwide luxury automobile industry is dominated by German automakers such as BMW, Mercedes-Benz, and Audi. The shift in consumer tastes has raised the desire for superior products, which has boosted luxury automobile sales throughout the world. The expansion of the automobile sector is expected to fuel the automotive clutch spring market.

The increasing usage of EVs in the Asia Pacific is likely to increase automotive motor output. Attractive governmental incentives to promote electromobility, as well as greater investments by automakers, are projected to propel the industry in Asia Pacific countries. Stringent pollution standards and the accessibility of diverse hybrid models are projected to drive the market in Europe. The appeal of luxury EVs are mostly driving the industry in North America. The rising demand for EVs is expected to boost demand for automobile clutch springs.

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Automotive Clutch Spring Market Report Highlights

• As the population grows, so does the demand for efficient mobility. The area is known for being home to some of the world's most lucrative automobile manufacturers. With its high levels of production, the automotive sector, which comprises the manufacturing of motor vehicles as well as aftermarket components, creates a large number of sales of cars and commercial vehicles for the region. As a result, it is a critical industry for many Asia Pacific economies. The growing number of car manufacturers in the Asia Pacific area, particularly in China and Japan, is predicted to boost demand for vehicle clutch springs.

AUTOMOTIVE CLUTCH SPRING MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Automotive Clutch Spring Type Outlook (Revenue, USD Million, 2016 - 2027)

• Diaphragm Spring
• Central Spring
• Others

Automotive Clutch Spring Applications Outlook (Revenue, USD Million, 2016 - 2027)

• Trucks and Buses
• Passenger Cars
• Off-Road Vehicles
• Motorcycles
• Defense Vehicles
• Commercial Diesel
• Automotive Race Cars

Automotive Clutch Spring Material Outlook (Revenue, USD Million, 2016 - 2027)

• Stainless Steel
• Mild Steel
• Carbon Steel

Automotive Clutch Spring Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Automotive Clutch Spring Market

• Westward
• The Car Tech
• Spec Clutch
• Serco
• P.J. Wallbank Springs, Inc.
• OTC
• Klein Tools
• EBC
• Crown
• Bosch Automotive Service Solutions
• Barnett
• Atec-Trans-Tool
• AMS Automotive
• AGPtek
• ACDelco

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