Global Commercial Vehicle Clutch Market – Increasing Demand for LCVs to Boost Growth | Technavio

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LONDON–()–The global commercial vehicle clutch market is expected to exceed 23 million units by 2021, according to a new market research study by Technavio.

The report categorizes the global commercial vehicle clutch market by end-user, which includes LCVs and HCVs. The LCVs segment accounted for over 80% of the market share in 2016. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

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Market driver: increasing use of LCVs for last mile distribution

The global retail e-commerce sales are expected to reach almost USD 2 trillion and are expected to rise to almost USD 4 trillion by 2020. Such trends in the e-commerce channel sales drive the market for commercial vehicles as logistics play a vital role in e-commerce. This will also increase the demand for commercial vehicles as e-commerce sales require the shipment of products from warehouse to customers. The increasing use of LCVs will drive the sale of the commercial vehicles clutches as clutches are used in every vehicle.

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Market trend: advances in powertrain with higher number of gears in transmissions

The main purpose of an automotive transmission is to provide power to the vehicles. The powertrain involves the transmission, engine, and the drivetrain of an automobile. Due to rapid technological advances, the mechanical components in the transmission systems have been replaced with electronic components, which increase the overall efficiency of the transmission systems.

“Such technologies offer improved fuel efficiency and help in major reduction of carbon dioxide emissions. Vehicle manufacturers are equipping the light-duty commercial vehicles and SUVs with nine-speed automatic transmission, which will increase fuel efficiency and sustain compliance with fuel efficiency standards,” says Amey Vikram, a lead analyst at Technavio for automotive components research.

Market challenge: high cost of clutch repair and maintenance

Automotive transmission systems and clutch systems are responsible for approximately 20% of the total vehicle cost. The clutch is one of the important components of the vehicle. It is nearly impossible to drive once the clutch stops working properly. The cost of transmission and clutch repair or replacement depends on the type and extent of repairs done by the mechanic. It also depends on the model of the vehicle. Along with the added labor cost, the high cost of replacement of commercial vehicle clutches is hampering the growth of the global commercial vehicle clutch market.

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Key vendors in the market

  • BorgWarner
  • Eaton
  • Schaeffler
  • ZF Friedrichshafen

The global commercial vehicle clutch market has a few international vendors in addition to numerous local manufacturers. The growing demand for commercial vehicles, especially in the emerging markets, and the enactment of stringent fuel-efficient regulations are boosting the growth of the market. Also, the rising demand for dual clutch transmission (DCT) systems is contributing to the growth of the market. This system offers several benefits such as reduced carbon emission, improved acceleration performance, and vehicle weight reduction.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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