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Automotive Drive Plate Market Segmented By type such as Stock-Style Stamped Steel, One-Piece Billet, Two-Piece Billet with application such as Passenger Vehicles, Commercial Vehicles
Automotive drive plate is a metal disk that connects the input of a torque convertor to the output from the engine in vehicles that are equipped with automatic transmission. Automotive drive plate not only transfers the engine’s torque from crankshaft to the convertor, but also acts as the contact point of a starter to the crankshaft during the start-up of an engine. Automotive drive plates are also known as flex plates.
An automotive drive plated is bolted between the crankshaft and torque convertor with a ring of teeth. An automotive drive plate is attached with the clutch assembly of vehicles. An automotive drive plate has the ability to bend from side to side for the uptake of the motion of the torque convertor with a change in the rotational speed.
Automotive drive plate is most widely used in automatic transmission vehicles or passengers cars that are equipped with automatic transmission. Automotive drive plate is one of the most durable components of a car.
Moreover, automotive drive plate is much thinner and lighter as compared to the flywheels that are used in vehicles equipped with manual transmission. Automotive drive plate has a smooth coupling action in the torque convertor, which helps eliminate the wear & tear of the clutch plate surface.
Automotive drive plates have springs and rubber & plastic centres that act as dampers when the gearbox operation is performed. Automotive drive plates are manufacturing by using a boron that contains a carbon steel sheet, which is hot-formed and press-quenched. Automotive manufactures sell automotive drive plates directly to OEMs or the aftermarket.
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Globally, the consumption of automotive drive plates mainly depends upon the sales of automotive vehicles across the globe. Growing urbanisation is driving the need for better transportation systems. Increase in the disposable income of the people is boosting their ability to invest in increasing the comfort of their vehicles, due to which the automotive industry has grown significantly over the past few years and is likely to grow further in the coming years.
One of the key factors that are projected to drive the global automotive drive plate market over the forecast period include the increasing preference of consumers for automotive transmission cars instead of manual transmission cars.
The presence of alternative drive plates, such as flywheel and automotive vehicles equipped with manual transmission, are more commonly used in the global market in place of automatic transmission. This is one of the factors that is likely to hamper the growth of the automotive drive plate market during the forecast period.
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Globally, Asia Pacific is estimated to account for a significant share of the automotive drive plate market owing to the growing sales of automotive vehicles in China, Japan and India as well as high investments for automation and innovations in the automotive industry. Major automotive companies are sourcing parts from the Asia Pacific region due to low prices.
North America is expected to register sustainable growth in the automotive drive plate market owing to the demand for high efficiency, light-weight and eco-friendly vehicles to meet stringent standards and regulations.
Europe is estimated to witness considerable growth in the automotive drive plate market owing to the increasing production and sales of electric vehicles over the forecast period. The Latin America automotive drive plate market is significantly driven by the manufacturing and sales of the light-weight vehicles and automotive vehicles.
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Some of the market participants identified across the value chain of the automotive drive plate market are:
The research report presents a comprehensive assessment of the automotive drive plate market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated automotive drive plate market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to automotive drive plate market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on automotive drive plate market segments and geographies.
