The global racing clutches market is expected to grow at a CAGR of more than 9% during the period 2017-2021, according to a new market research study by Technavio.
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Technavio has published a new report on the global racing clutches market from 2017-2021. (Graphic: Business Wire)
The report presents a comprehensive breakdown of the global racing clutches market by performance type that comprises of eco-performance clutches and high-performance clutches. 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 motorsport events and introduction of new sporting formats
Motorsport consists of various sporting events that involve automotive. Such events have been gaining popularity in the last few years. This has led to an increase in the number of these events and the introduction of new motorsport formats. The introduction of localized racing events by major manufacturers to showcase the leadership of their performance technology is one of the examples of the new formats. Motorsport usually exists in developed countries such as the US, Germany, Italy, Spain, France, the UK, and Japan. Developing countries such as India are also experiencing a spurt in motorsport events.
According to Keerthi Balu, a lead analyst at Technavio for automotive components research, "Formula One, the biggest motorsport event, has also indicated a growing viewership and popularity among the Indian population. Since the last eight years, APAC has been witnessing organization of many new motorsport championship events such as Formula BMW Asia, the Asian Touring Car Championship, and the Porsche Carrera Cup Asia, which have attracted major OEMs like Renault and Mahindra Mahindra."
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Market trend: friction-less engine coupling with the drive system
The clutch system has been the safest method for engine and transmission coupling. When engine technology is considered, reduction of friction and increase of energy transfer efficiency have been subjects of significant research. It is expected that gradually the manual gearbox will phase-out from the automotive industry and give way to the automatic transmission.
Research has permitted the development of a new clutch technology that eliminates clutch friction and pressure plate. This new technology clutch kit is highly efficient and has an enhanced lifetime. A new design has been developed, which replaces the clutch kit by an individual dog gear and uses interlocking teeth, instead of friction, to couple the engine and the gearbox.
Market challenge: unregulated aftermarket
The aftermarket is predicted to contribute around 32% of the market share in the global racing clutches market by 2021. The aftermarket is an essential channel for technological performance upgrades in the automotive industry. But, in the global racing clutches market, this opportunity is exploited by many counterfeit and under-performing products, which are available at low prices in the market. The unregulated aftermarket has several low-cost product options. But, the racing clutch is an integral part of the transmission system. It has crucial design points and involves high safety concerns when it comes to performance segments.
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Key vendors in the market
- EXEDY Globalparts
- AP Racing
- ZF
The global racing clutches market is dominated by vendors like EXEDY Globalparts, ZF, and AP Racing. ZF is the major vendor in the global clutch market. The company is into R&D for transmission, suspension, and drive technology. EXEDY Globalparts deals with advance clutch systems technology for racing and performance applications. The company has a dedicated product portfolio for clutch kits, with a leading technology and material research scope.
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