Automotive Passenger Car Clutch Plate Market to Reach USD 3 Billion by 2022, with a projected CAGR of 8.8% through 2028 [Yahoo! Finance]
BorgWarner Inc. (BWA)
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Source: Yahoo! Finance
The automotive industry is witnessing rapid growth and innovation, particularly within the Global Automotive Passenger Car Clutch Plate Market. Recent research indicates a significant market valuation of USD 3 Billion in 2022, with prospects of robust expansion at a CAGR of 8.8% during the forecast period up to 2028F. Clutch plates are integral to the efficient performance of automotive vehicles, serving as the link between the engine and transmission systems. With urbanization on the rise and consumer demands leaning towards advanced vehicle technologies, the clutch plate market is experiencing a surge of interest from global automotive manufacturers and consumers alike. Key Drivers of Market Growth Increasing Global Automotive Production and Sales Technological Advancements in Automotive Clutch Systems Stringent Emission Regulations and Fuel Efficiency Demands Growing Adoption of Electric and Hybrid Vehicles Expansion of Emerging Markets and Urbanization Dual-clutch
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BWA
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- 5/2/24 - Beat
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Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/26/24 - Form 4
- BWA's page on the SEC website