NEW
YORK, June 14, 2024 /PRNewswire/ -- The
global racing clutches market size is estimated to grow
by USD 599.85 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of about 6.95% during the forecast period. Multiple
suppliers developing performance/racing clutches as a product
portfolio is driving market growth, with a trend
towards friction-less engine coupling with drive system.
However, unregulated automotive aftermarket poses a
challenge. Key market players include Ace Manufacturing and Parts
Co., Advanced Clutch Technology Inc., AIM Corp., AP Racing Ltd,
Australian Clutch Services Pty. Ltd., Brembo Spa, Clutch Masters
Industries Inc., Competition Clutch Inc., EXEDY Corp., Helix
Autosport Ltd., Holley Inc., Klaus Reinicke GmbH, OS Giken
USA, Quarter Master, Schaeffler
AG, SPEC Clutch Inc, Tilton Engineering Inc., TTV Industrial Ltd.,
ZF Friedrichshafen AG, and FCC Co. ltd.
![Technavio has announced its latest market research report titled Global Racing Clutches Market 2024-2028 Technavio has announced its latest market research report titled Global Racing Clutches Market 2024-2028](https://mma.prnewswire.com/media/2437774/20240102112445_bw_info_v4.jpg)
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Racing Clutches
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.95%
|
Market growth
2024-2028
|
USD 599.85
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.83
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
39%
|
Key
countries
|
US, China, Germany, UK,
and Italy
|
Key companies
profiled
|
Ace Manufacturing and
Parts Co., Advanced Clutch Technology Inc., AIM Corp., AP Racing
Ltd, Australian Clutch Services Pty. Ltd., Brembo Spa, Clutch
Masters Industries Inc., Competition Clutch Inc., EXEDY Corp.,
Helix Autosport Ltd., Holley Inc., Klaus Reinicke GmbH, OS Giken
USA, Quarter Master, Schaeffler AG, SPEC Clutch Inc, Tilton
Engineering Inc., TTV Industrial Ltd., ZF Friedrichshafen AG, and
FCC Co. ltd
|
Market Driver
The global racing clutches market is experiencing growth due to
advancements in clutch technology. A new design eliminates the need
for a clutch kit and friction plates, instead utilizing
interlocking teeth for engine-transmission coupling. This
innovation reduces weight, size, and energy losses, making it
highly efficient and desirable for high-performance vehicles.
Leading auto manufacturers in the US are developing this
technology, set to revolutionize the industry and increase market
size.
The Racing Clutches Market is experiencing significant growth
due to the increasing popularity of motorsports. Drive systems play
a crucial role in racing vehicles, and clutches are a vital
component. Membrane clutches, dual clutch systems, and carbon
clutches are trending in this market. Operating principles vary,
with some using friction discs and others utilizing pressure
plates.
Clutches must be precise and durable to handle the high torque
and power output of racing engines. Carbon clutches offer
lightweight and high-performance benefits, while membrane clutches
provide smooth engagement. Quicker shifting and improved control
are key factors driving demand for advanced clutches in the racing
industry. Precise manufacturing and material science are essential
to meet the stringent requirements of racing
applications.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The
aftermarket plays a significant role in enhancing technological
performance in the automotive industry, particularly in the racing
clutches market. However, this sector is plagued with counterfeit
and underperforming products, often from China, which disrupt the market with low-cost
offerings and technology degradation.
• The racing
clutch, a vital transmission component, requires precise design
angles, material grade, dimensions, and manufacturing processes to
ensure high stiffness and endurance. The unregulated aftermarket
poses a challenge due to the uncertainty of product sources and
performance, potentially impacting the global racing clutches
market during the forecast period.
• The Racing
Clutches Market faces several challenges. One key challenge is the
requirement for high performance and durability. Clutches must
handle significant power and torque, while also providing smooth
engagement and disengagement. Another challenge is the need for
lightweight materials to reduce weight and improve acceleration.
Additionally, cost is a significant factor, as high-performance
clutches can be expensive.
• Regulations
and safety standards also pose challenges, requiring clutches to
meet strict performance and safety requirements. Finally, the
market is highly competitive, with numerous manufacturers vying for
market share. To stay competitive, companies must continually
innovate and improve their products to meet the evolving needs of
racers and performance enthusiasts.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
- Type
- 1.1 Eco performance
- 1.2 High performance
- Application
- 2.1 OEMs
- 2.2 Aftermarkets
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Eco performance- The eco-performance
segment in the global racing clutches market is witnessing growth
due to the increasing demand for sustainable and high-performance
clutches. Factors such as consumer and industry environmental
consciousness, stringent emissions regulations, and a focus on fuel
efficiency are driving this trend. Companies like Exedy and ACT are
responding with eco-friendly clutch series, utilizing advanced
materials for improved performance and reduced environmental
impact. This alignment with sustainability initiatives appeals to
socially responsible consumers and contributes to the market's
growth during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Racing Clutches Market encompasses various types of clutches
designed for high-performance applications in motorsports and
automotive technology. These clutches cater to Driving Members and
Driven Members in dual-clutch systems, enabling superior
performance under extreme conditions. Operating Members in racing
transmissions and racing drivetrains benefit from advanced
materials such as Carbon, Cerametallic, and Metallic for enhanced
friction in both wet and dry environments.
Aftermarket buyers seek specialized clutches for engine
technology upgrades, while racing cars and motorsports require
lightweight materials and energy-efficient clutch designs to
optimize power transfer and improve overall vehicle performance.
Electric powertrains also necessitate advanced clutch solutions for
seamless power transmission.
Market Research Overview
The Racing Clutches Market encompasses the production, supply,
and distribution of clutches specifically designed for
high-performance racing applications. These clutches differ from
standard automotive clutches due to their ability to handle the
increased power and torque generated in racing conditions.
Materials such as carbon, ceramic, and Kevlar are commonly used in
racing clutches to ensure durability and resistance to extreme
temperatures.
The market for racing clutches is driven by the growing
popularity of motorsports and the increasing demand for improved
vehicle performance. Additionally, advancements in technology have
led to the development of lighter and more efficient clutches,
further fueling market growth. The market for racing clutches is
global in nature, with various regions including Europe, North
America, and Asia Pacific
contributing significantly to its growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Eco Performance
- High Performance
- Application
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio