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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 3 sources · 21 days · First seen · Last updated
Global automotive friction plate market trends
Overview
The global market for automotive friction plates is seeing divergent growth trajectories based on transmission technology.
The dry clutch friction plate market is projected to reach approximately $1.651 billion by 2032, with a modest compound annual growth rate of about 1.05% from 2026 to 2032. Growth in this sector is supported by the existing fleet of internal combustion engine vehicles and demand in the automotive aftermarket, particularly in Asia and Latin America. However, the market faces challenges from the rise of battery electric vehicles, which do not require traditional engine clutches.
In contrast, the wet friction plate market is expected to experience more rapid growth, projected to reach $4.084 billion by 2032 with a compound annual growth rate of approximately 5.85%. This growth is driven by the increasing adoption of automatic transmissions, continuously variable transmissions, and hybrid drive systems. Key industry players include BorgWarner, Aisin Corporation, F.C.C., Miba AG, and EXEDY.
Entities
BorgWarner · YH Research · Aisin Corporation · OICA · Schaeffler Friction Products
Timeline
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[BUSINESS] 2 sourcesWet friction plate market projected to reach 4.084 billion USD by 2032
The global wet friction plate market is expected to reach 4.084 billion USD by 2032, driven by demand for hybrid vehicles, automatic transmissions, and construction machinery.
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[BUSINESS] 2 sourcesDry clutch friction plate market to reach $1.65 billion by 2032
The global dry clutch friction plate market is forecast to reach $1.651 billion by 2032, driven by aftermarket demand and hybrid vehicles despite the rise of electric vehicles.
Sources
dreamnews.jp · the-miyanichi.co.jp · youthsoccercup.com