Latin America Clutch Market (2020-2026) | COVID-19 IMPACT, Value, Companies, Growth, Size, Forecast, Analysis, Outlook, Revenue, Trends, Industry & Share

Latin America clutch market forecast to witness substantial growth in the upcoming years. Being an integral part of the developing world, Latin America has eventually been transitioning towards a manufacturing powerhouse. The ever-increasing automobile manufacturing capacities, recent developments in the online after-market and auto-part sales, swelling size of Original equipment manufacturers (OEMs), successful vertical integration efforts and most importantly, the increase in automobile assembling units are some of the dominant factors that are driving the growth of clutches. Moreover, the government supports directed towards developments of EVs and alternative fuel vehicles are indirectly impacting the growth of automotive clutches. Also, note that being an emerging economy with rising income levels is witnessing a rise in consumers spending are therefore registering growth in demand for passenger cars. Although because of the coronavirus pandemic, the production capacities have been on a halt, in adherence to the social distancing norms; as Brazil is one of the worst affected countries.

According to 6Wresearch, Latin America Clutch Market size is anticipated to register growth during 2020-26. The major manufacturing capacities have been set up in Brazil (Sao Paulo), due to the government supports and tariff benefits imparted to the investors; which in turn are fostering the demand and growth of auto-parts that's required in vehicle assembling. Apart from this, Brazil also facilitates commercial vehicle manufacturing. For example, the Volvo buses are now being heavily manufactured in Brazil. Argentina has been the leading importer of auto parts (especially automotive clutches) to support its assembling facilities set up in Buenos Aires.

The Latin America clutch market segments are categorized into transmission type (manual transmission, automated manual transmission, automated transmission and continuously variable transmission), clutch type (dog clutch, friction clutch, centrifugal clutch, semi-centrifugal clutch, hydraulic clutch, vacuum clutch and electro-magnetic clutch). The automobile industry (assembling & manufacturing) is the single-most consumer of clutches. Within the automobile industry, passenger vehicles and commercial vehicles are the sub-segments that drive the demand for clutches. The major players in the clutch market are Schaeffler Brasil, Carson automotive, Valeo, Autoliv da Brasil, etc. The Latin America automotive clutch market is therefore projected to exhibit substantial growth during the timeframe owing backed by the aforementioned market drivers. The investment attractiveness by the leading automobile MNCs on account of low-cost resources, government support and proximity to consumer markets are spelling an indirect growth of the auto-parts market (including clutches).

The Latin America clutch market report thoroughly covers the market by transmission type, clutch-type, vehicle type and countries including Brazil, Mexico, Argentina, Chile and the Rest of Latin America. The Latin America clutch market outlook report provides an unbiased and detailed analysis of the on-going Latin America clutch market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights

• Latin America Clutch Market Outlook
• Latin America Clutch Market Overview
• Latin America Clutch Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Clutch Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Clutch Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Transmission Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Vehicle Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Latin America Clutch Market
• Market Drivers and Restraints
• Latin America Clutch Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Clutch Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Clutch Type:
• Dog Clutch
• Friction Clutch
• Centrifugal Clutch
• Semi Centrifugal Clutch
• Hydraulic Clutch
• Vacuum Clutch
• Electro-magnetic Clutch  
• By Transmission Type:
• Manual Transmission
• Automatic Transmission
• Automated Manual Transmission
• Continuously Variable Transmission
• By Vehicle Type:
• Passenger Vehicles
• Commercial Vehicles
• By Countries:
• Chile
• Argentina
• Brazil
• Mexico
• Rest of Latin America

Latin America clutch market forecast to witness substantial growth in the upcoming years. Being an integral part of the developing world, Latin America has eventually been transitioning towards a manufacturing powerhouse. The ever-increasing automobile manufacturing capacities, recent developments in the online after-market and auto-part sales, swelling size of Original equipment manufacturers (OEMs), successful vertical integration efforts and most importantly, the increase in automobile assembling units are some of the dominant factors that are driving the growth of clutches. Moreover, the government supports directed towards developments of EVs and alternative fuel vehicles are indirectly impacting the growth of automotive clutches. Also, note that being an emerging economy with rising income levels is witnessing a rise in consumers spending are therefore registering growth in demand for passenger cars. Although because of the coronavirus pandemic, the production capacities have been on a halt, in adherence to the social distancing norms; as Brazil is one of the worst affected countries.

According to 6Wresearch, Latin America Clutch Market size is anticipated to register growth during 2020-26. The major manufacturing capacities have been set up in Brazil (Sao Paulo), due to the government supports and tariff benefits imparted to the investors; which in turn are fostering the demand and growth of auto-parts that's required in vehicle assembling. Apart from this, Brazil also facilitates commercial vehicle manufacturing. For example, the Volvo buses are now being heavily manufactured in Brazil. Argentina has been the leading importer of auto parts (especially automotive clutches) to support its assembling facilities set up in Buenos Aires.

The Latin America clutch market segments are categorized into transmission type (manual transmission, automated manual transmission, automated transmission and continuously variable transmission), clutch type (dog clutch, friction clutch, centrifugal clutch, semi-centrifugal clutch, hydraulic clutch, vacuum clutch and electro-magnetic clutch). The automobile industry (assembling & manufacturing) is the single-most consumer of clutches. Within the automobile industry, passenger vehicles and commercial vehicles are the sub-segments that drive the demand for clutches. The major players in the clutch market are Schaeffler Brasil, Carson automotive, Valeo, Autoliv da Brasil, etc. The Latin America automotive clutch market is therefore projected to exhibit substantial growth during the timeframe owing backed by the aforementioned market drivers. The investment attractiveness by the leading automobile MNCs on account of low-cost resources, government support and proximity to consumer markets are spelling an indirect growth of the auto-parts market (including clutches).

The Latin America clutch market report thoroughly covers the market by transmission type, clutch-type, vehicle type and countries including Brazil, Mexico, Argentina, Chile and the Rest of Latin America. The Latin America clutch market outlook report provides an unbiased and detailed analysis of the on-going Latin America clutch market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights

• Latin America Clutch Market Outlook
• Latin America Clutch Market Overview
• Latin America Clutch Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Clutch Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Clutch Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Transmission Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Vehicle Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Clutch Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Latin America Clutch Market
• Market Drivers and Restraints
• Latin America Clutch Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Clutch Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Clutch Type:
• Dog Clutch
• Friction Clutch
• Centrifugal Clutch
• Semi Centrifugal Clutch
• Hydraulic Clutch
• Vacuum Clutch
• Electro-magnetic Clutch  
• By Transmission Type:
• Manual Transmission
• Automatic Transmission
• Automated Manual Transmission
• Continuously Variable Transmission
• By Vehicle Type:
• Passenger Vehicles
• Commercial Vehicles
• By Countries:
• Chile
• Argentina
• Brazil
• Mexico
• Rest of Latin America

The Latin America Clutch Market is expected to grow at a CAGR of 7.2% from 2020 to 2026. The market was valued at US$ 4,309 million in 2019 and will reach US$ 7,212 million by 2026 with the rising demand for automotive clutches used in passenger cars and commercial vehicles. Factors such as growth in vehicle production coupled with the increasing disposable incomes that are enabling people to purchase better quality vehicles with advanced features are driving the market?s growth. Also, growing focus on fuel-efficient technologies has been encouraging manufacturers to develop lightweight clutch systems which further boosts the demand for clutches across Latin America region during forecast period. Furthermore, increasing initiatives taken by government organizations regarding modernization of infrastructure facilities has also helped in boosting the sales of automobiles due to which this region's automotive industry is witnessing substantial growth resulting into increased demand for clutch components over past few years. Additionally, various players are investing heavily on R&D activities along with mergers & acquisitions strategies that help them expand their product portfolio and maintain a competitive edge over peers thereby supporting healthy expansion of regional market space during assessment timeline.