Automotive Clutch Market Size will Observe Substantial Growth by 2030
The global automotive clutch market size is projected to reach USD 11.7 billion by 2030, according to the latest report by Market Research Future (MRFR). It can expand at 6.14% CAGR from 2022 to 2030. MRFR’s report on the automotive clutch market comprises growth and revenue projections for the forecast period (2022-2030). The COVID-19 pandemic and its implications are explored in depth in the market report. Automotive Clutch COVID-19 Impact The COVID-19 pandemic has negatively impacted the automotive clutch market owing to production facilities being shut down. Relaxation of restrictions has favored the industry as automobile companies resumed production. Huge demand for electric vehicles is likely to create opportunities in the coming years. Automotive Clutch Market Scope The global automotive clutch market is driven by inclination towards automatic and semi-automatic vehicles as well as plans for vehicle electrification. OEMs are expanding production of clutches by establis...