Recently, QYResearch (Hengzhou Boyi) released a report showing that the global clutch master cylinder market sales reached 5.23 billion RMB in 2023, and it is expected to climb to 6.8 billion RMB by 2030, with a CAGR of about 5.2%. This growth trend benefits from the continuous development of the automotive industry, especially in the commercial vehicle field, where the expansion of logistics and transportation demand has led to a significant increase in the demand for clutches master cylinders.
In terms of technological innovation, light weighting and intelligence have become the two key directions for industry development. The application ratio of aluminum-magnesium alloy cases in the clutch master cylinder has increased from 22% in 2021 to 41% in 2023, effectively reducing product weight and energy consumption. At the same time, the integrated electric control clutch system has begun to be applied on a large scale in the new energy commercial vehicle market and is expected to become the mainstream configuration by 2025, significantly improving driving comfort and control.
Domestic market, the cluster effect is significant. The East China and South China regions account for 68% of the national clutch master cylinder production capacity, among which Zhejiang, Jiangsu and Guangdong form three major clusters with perfect local supply chains. In terms of policy, the "Made in China 2025" has set clear indicators for the domestic production rate of automotive core components, prompting local enterprises to increase R&D investment, and the R&D investment intensity has increased from 2.4% to 3.9%, and several fully automated production lines for intelligent clutch actuators with an annual production capacity of 500,000 sets have been built.
It is worth noting that the leading enterprises in the industry have outstanding performance in terms of technology research and development and market expansion. For example, Rui Di Braking Technology Co., Ltd. in Rui'an City successfully applied for the patent "A Clutch Master Cylinder with a Throttle Structure" in July 2024 (Publication No. CN222731986U), optimizing the flow of brake fluid and enhancing the stability and response speed of the clutch through a unique throttle structure. Since its establishment in 2013, the company has owned 40 patents and its technological strength is continuously strengthening.
Despite the overall positive outlook for the industry, it also faces certain challenges. The price fluctuations of upstream aluminum materials affect the industry's gross profit margin, which is currently maintained at a range of 18%-22%. However, breakthroughs in lightweighting technology have led to an increase in product added value by 8-12 percentage points, which has alleviated cost pressures to some extent. In addition, the transaction volume of the second-hand car market has exceeded 25 million units, bringing a broad space for the spare parts market of the clutch master cylinder.
Looking ahead, as the automotive industry accelerates its transformation towards new energy and intelligence, the clutch master cylinder industry will continue to benefit from technological innovation and market demand growth. Enterprises need to further increase R&D investment, deepen innovation collaboration with original equipment manufacturers, and improve the regional after-sales service system to cope with the increasingly fierce market competition and seize new industry development opportunities.