Latest News - Racing Clutches Market: Eco performance is expected to lead the Type segment during 2024-2028

The Racing Clutches Market is being driven by Multiple suppliers developing performance/racing clutches as a product portfolio

The Racing Clutches Market is expected to grow at a CAGR of 6.95% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 599.85 million. In the automotive industry, the clutch system has long been the preferred method for engine-transmission coupling, prioritizing safety over friction. However, advancements in engine technology, specifically reducing friction and enhancing energy transfer efficiency, are driving the potential phase-out of manual gearboxes. Innovative clutch technology has emerged, eliminating clutch friction and pressure plates, offering increased efficiency and extended lifetimes. This new design, featuring individual dog gears and interlocking teeth, replaces traditional clutch kits, revolutionizing engine-gearbox coupling in the racing clutches market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Eco performance
  • High performance
• Application
  • OEMs
  • Aftermarkets
• Geography
  • Europe
    • Germany
    • Italy
    • UK
  • North America
    • US
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Multiple suppliers developing performance/racing clutches as a product portfolio
• Growth in super-luxury performance vehicle industry
• Rising popularity of car racing events

However, the market also witnesses some limitations, which are as follows:

• Unregulated automotive aftermarket
• Adoption of racing clutches in low-volume segment
• High price point for mass racing clutch application

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Market Scope in Racing Clutches Market Research Report

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Research Analysis Overview

The Racing Clutches Market encompasses advanced clutch designs specifically engineered for high-performance racing applications. These clutches prioritize energy efficiency through the use of lightweight materials, such as Metallic, Cerametallic, Carbon, and Dualclutch systems. Superior performance is achieved through specialized clutches, including Multiplate, Wet and dry, and Basic friction types. Operating Members and Driven Members in racing gearboxes and racing drivetrains experience enhanced durability and reliability under extreme conditions. Automotive technology continues to evolve, with electric powertrains and racing transmissions integrating advanced clutch systems to optimize power transfer. Aftermarket buyers seek out these high-performance clutches to enhance their racing cars' engine technology and overall performance.

Market Research Overview

The Racing Clutches Market is a segment of the larger Global Automotive Parts and Equipment Market, encompassing businesses producing components and accessories for various vehicle types, including passenger cars, electric vehicles, commercial vehicles, heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Technavio determines the market size by aggregating the revenues of automotive component and equipment manufacturers. Market expansion is anticipated due to the rising demand for electronic components, particularly in the growing sectors of electric vehicles, motorcycles, and passenger cars. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/