Dual-Clutch Transmission Market is projected to exhibited healthy growth, expanding at a 6% CAGR through 2021-2031

ESOMAR-certified consulting firm Future Market Insights (FMI) projects the steady expansion of the global dual-clutch transmissions market at 6% CAGR between 2021 and 2031. The market is projected to reach a valuation of US$ 24 Bn in 2021.

Burgeoning demand for passenger vehicles that provide effective driving control and fuel efficiency is boosting sales in the global dual-clutch transmissions market. Increasing adoption of hybrid vehicles will further augment sales in the market, leading to market expansion at 7.2% in terms of volume.

Rising preference for small and medium-sized passenger vehicles will foster sales in the market. Integration of dual-clutch transmission systems in smaller vehicles has increasingly gained traction in recent years, leading to y-o-y growth of 6.3% in the DCT market between 2020-2021.

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Rapid expansion of the automotive industry, coupled with increasing research and development for product innovations in countries such as the U.K., the U.S., and Germany is augmenting the market growth.

Stringent emission control norms and growing consumer preference towards small passenger vehicles that offer optimal driving experience are driving growth in developing countries such as China, India, South Korea, and Brazil.

Key Takeaways from FMI’s Dual Clutch Transmission Market Study

Passenger vehicles will dominate the segment throughout the upcoming decade.
Dry clutch will emerge as the most preferred product type.
China will emerge as the most lucrative market, owing to rising demand for passenger cars in the country.
Germany will witness steady growth as research and development regarding dual-clutch transmission advancements rise in the country.
India will exhibit high demand due to increasing customer preference towards hybrid small and medium-sized passenger vehicles.

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Dual Clutch Transmission Market by Category

By Vehicle Type: