In 2023, the Automotive Disc Coupling market is expected to be worth US$ 1,401.1 million. The market is expected to reach US$ 2,704.8 million by 2033, expanding at a 6.8% CAGR throughout the forecast period. Robust growth in reliable and high-performance power transmission accessories played a vital role in paving the growth path of automotive disc couplings over the forecast period.
The rise of electric and hybrid vehicles has generated a demand for power transmission systems that are both reliable and efficient. Automotive disc couplings have emerged as essential components in connecting electric motors to transmissions or drivetrains. They play a crucial role in facilitating efficient torque transfer, meeting the increasing market demand for electrified vehicles.
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The automotive industry is increasingly acknowledging the significance of automotive disc couplings in addressing environmental regulations and meeting customer expectations for fuel efficiency and power transmission. These couplings play a crucial role in minimizing power losses and facilitating efficient power transfer, aligning with the industry’s sustainability objectives. As sustainability gains prominence as a crucial topic, the installation of disc couplings is experiencing a notable growth rate, surpassing historical trends.
Automotive disc couplings have a significant impact on reducing vibrations and power transmission noises in vehicles, resulting in a smooth and comfortable driving experience. As safety standards and emission regulations continue to be implemented worldwide, there has been a substantial increase in awareness regarding the importance of comfort and safety in the driving experience. These features have become unique selling points (USPs) for many automotive original equipment manufacturers (OEMs). The rising demand for luxury features in cost-effective vehicles has led to a notable surge in demand for automotive disc couplings, and this trend is expected to continue during the upcoming period of assessment.
Intense competition within the market leads to pricing pressures, compelling companies to distinguish their products based on factors such as quality, performance, and reliability. To remain competitive and attract customers, manufacturers must continually enhance their product offerings, introduce unique features, and provide value-added services.
Automotive industry is subjected to dynamic regulations and standards raging from safety to emissions to sustainability. Automotive OEMs and OES to remain up-to-date with such standards and regulations. Dynamic nature of such regulations hinders disc coupling manufacturers to maintain inventory and ensure and continuous supply chain in the market. Achieving compliance with multiple regional or international standards can also be a complex and time-consuming process, necessitating investments in testing, certification, and regulatory compliance procedures.
Key Takeaways from the Automotive Disc Coupling Market:
- The Automotive Disc Coupling industry in the Japan is predicted to reach US$ 284 million by 2033, increasing at a 8.0% CAGR.
- During the forecast period, the Automotive Disc Coupling industry in United States is expected to reach a market share of US$ 500.2 million, securing a 7.4% CAGR.
- The Automotive Disc Coupling industry in China is predicted to reach US$ 522.1 million by 2033, increasing at a 7.7% CAGR.
- With a CAGR of 7.1% from 2022 to 2033, single disc coupling is expected to dominate the Automotive Disc Coupling industry.
- From 2022 to 2033, the Steel Disc Coupling segment holds the largest market share of 72.3% in the Automotive Disc Coupling industry based on material type.
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How Does the Competition Look in the Automotive Disc Coupling Market?
Global Automotive disc coupling market is highly dynamics with each player registering its developments to gain competitive edge in the market. Strategic acquisitions, mergers, product development, and collaborations are few the most success strategies identified by Future Market Insights across the global market leaders. Few of the examples include
- In 2021, Lippert Components made a significant move by acquiring Kaspar Ranch Hand Equipment.
- In 2023, Rivian Automotive partnering with Tenneco to deliver suspension and anti-vibration performance materials solutions.
- In 2023, Continental AG introduced the innovative Green Caliper, which minimizes brake dust and offers multiple advantages. The Green Caliper’s lower wear rate allows for a more compact setup, featuring smaller and thinner pads. Additionally, the reduced weight of the brake on each corner by 5 kg not only improves vehicle range but also contributes to better handling due to decreased unsprung weight.
Segmentation Analysis of the Automotive Disc Coupling Market
By Type:
- Single Disc Couplings,
- Double Disc Couplings,
- Multi-Disc Couplings,
By Material:
- Steel Disc Couplings,
- Aluminum Disc Couplings,
- Composite Disc Couplings
By Vehicle Type:
- Internal Combustion Engine Vehicles,
- Hybrid Vehicles,
- Electric Vehicles,
- Others
By Sales Channel:
- OEM,
- Aftermarket
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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