Global Racing Clutches Market 2017-2021
About Racing Clutches
The racing clutch kit in the market is defined in terms of engine they will work with and the efficiency of the power delivery from the engine to the drive shaft. The racing clutch is also referred as performance clutch. The global racing clutch market also covers the premium clutch technology, which is being applied in the premium luxury, performance, sports, and super vehicle categories. Also, the major design and manufacturing capability of the racing clutch is determined by the motorsports industry.
Technavio’s analysts forecast the global racing clutches market to grow at a CAGR of 9.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global racing clutches market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Racing Clutches Market 2017-2021
Technavio recognizes the following companies as the key players in the global racing clutches market: AP Racing, EXEDY Globalparts, and ZF.
Other Prominent Vendors in the market are: Schaeffler, Valeo, OS Giken, SPEC, Helix Autosport, Ace Racing Clutches, Advanced Clutch Technology, and Tilton Engineering.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is friction-less engine coupling with the drive system. For a long time now, the clutch system has been the safest method for engine and transmission coupling. When it comes to engine technology, reduction of friction and increase of energy transfer efficiency has been subjects of significant research. It is expected that, with time, the manual gearbox will phase-out from the automotive industry and give way to the automatic transmission.”
According to the report, one driver in the market is increasing motorsport events and introduction of new sporting formats. Motorsport comprises of various sporting events that involve automotive. Since past few years, such events have been gaining popularity, which has led to an increase in the number of these events and the introduction of new motorsport formats. The development of localized racing events by major manufacturers to showcase the leadership of their performance technology is one of the examples of the new formats.
Further, the report states that one challenge in the market is unregulated aftermarket. The aftermarket is estimated to contribute about 32.02% share in the global racing clutches market by 2021. The aftermarket is an important channel for technological performance upgrades in the automotive industry. However, 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. Producers from China play a vital role in disrupting the aftermarket with low-cost products and technology degradation.
AP Racing, EXEDY Globalparts, ZF, Schaeffler, Valeo, OS Giken, SPEC, Helix Autosport, Ace Racing Clutches, Advanced Clutch Technology, and Tilton Engineering.
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