PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211730
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211730
Dual clutch transmission market size was valued at USD 18,709.3 Million in 2022, expanding at a CAGR of 8.4% from 2023 to 2030.
A dual-clutch transmission (DTC) is an automated manual transmission that uses two clutches for odd and even gear sets. DCT technology offers two manual transmissions, each serving a specific torque path. Moreover, odd numbers can be handled by one clutch while the even number gears can be controlled by the other. Furthermore, it is used for fuel efficiency, enhanced performance, and to satisfy strict emission norms. Additionally, such benefits propel the dual-clutch transmission market growth.
Market Dynamics:
The factors such as increased performance, better driving experience, and strong presence of manufacturing units are projected to drive the dual-clutch transmission market growth. In addition, an essential part of any automobile is the transmission system it involves a manual to an automated mechanism for improving power requirements and fuel economy. Hence, a growing number of automobiles across the globe are expected to propel the dual-clutch transmission market during the forecast period. However, a lack of awareness and high-cost efficiency is expected to restrain the DCT market.
Furthermore, rising focus on integrated hybrid DCTs and increasing fuel prices are pushing end-user to adopt refined technologies that further offer better opportunities for the dual-clutch transmission industry. The COVID-19 had an impact negatively on the DCT market. The lockdown imposed by the government created disruptions in industries including consumer electronics, travel & automotive, and semiconductor. As a result, the production of DTC was interrupted due to raw material supply and labor shortage.
Segmentation Analysis:
The Dual Clutch Transmission Market is segmented on the basis of lubrication method, vehicle type, end-use, and by region.
The market is divided into five categories based on the lubrication method: dry clutch, and wet clutch. The dry clutch segment is expected to dominate the market during the forecast period. It works by combining the low drag of the dry clutch with the high efficiency of a manual gearbox. Additionally, it removes torque interruption during the gear-changing process to improve better driving experience and quick motorcycles response.
The market is divided into two categories based on vehicle type: passenger vehicles, and commercial vehicles. The passenger vehicles segment is expected to possess the market share in the coming future owing to rising consumer spending power in developing countries.
The market is divided into two categories based on distribution channel: OEM, and aftermarket. The OEM segment is expected to dominate the market share. Due to OEM's long-term supply contracts and agreements with existing automobile manufacturers that assure a fast supply of spare parts used in DCT.
Competitive Landscape:
The key market players are focusing on building reliability and trust between the technology provided and the end user. The major factors that change the market dynamics include increased acceleration, lower chances of gearbox damage, and faster gear shifts. As a result, customers' trust, comfort, and experience come first, while higher penetration ensured through MoU further helps in making the market competition performative and tight. Additionally, to strengthen the market presence companies are involved in contracts and agreements. Moreover, market players are adopting R&D spending, product launches, distribution network development, mergers and acquisitions, and collaboration strategies.
For instance, in April 2022, Hyundai Motor a company revealed new details of the KONA N SUV also known as N DCT. It is available with an eight-speed wet-type Dual-Clutch Transmission which provides high-performance features.
Key features of the study:
This proposed research study on Dual Clutch Transmission Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Dual Clutch Transmission Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Dual Clutch Transmission Market
Impact of COVID-19 on Dual Clutch Transmission Market size, forecast, CAGR, and market dynamics are discussed in detail un
der the research scope. Detailed insight on Dual Clutch Transmission Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Dual Clutch Transmission Market, we have also included competitive landscape and key innovator analysis for the Dual Clutch Transmission Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Dual Clutch Transmission Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Dual Clutch Transmission Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
DUAL CLUTCH TRANSMISSION MARKET KEY PLAYERS
ZF Punch Powertrain
Ricardo plc
Punch Powertrain
Magna International Inc.
AVL
Schaeffler AG
Getrag Inc.
BorgWarner Inc.
Fiat Powertrain Technologies
Eaton Corporation
GKN Driveline
ZF Friedrichshafen AG
Continental AG
DUAL CLUTCH TRANSMISSION MARKET, BY LUBRICATION METHOD
Dry Clutch
Wet Clutch
DUAL CLUTCH TRANSMISSION MARKET, BY VEHICLE TYPE
Passenger Vehicles
Commercial Vehicles
DUAL CLUTCH TRANSMISSION MARKET, BY DISTRIBUTION CHANNEL
OEM
Aftermarket
DUAL CLUTCH TRANSMISSION MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA