Future Market Insights (FMI), an ESOMAR-certified consulting firm, forecasts that the global dual-clutch transmission market will expand steadily at a 6% CAGR between 2021-2031. This market is expected to be valued at $24 billion in 2021.
The surge in demand for passenger cars that provide effective driving control and fuel economy is driving sales in the global dual-clutch transmission market. Increasing adoption of hybrid vehicles will further increase market sales, expanding the market size to 7.2%.
The growing preference for small and medium-sized passenger cars will drive sales in the market. The integration of dual-clutch transmission systems in small vehicles has received more and more attention in recent years, resulting in a growth rate of 6.3% year-over-year in the DCT market in 2020-2021.
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The rapid expansion of the automotive industry along with increasing research and development for product innovation in countries such as the UK, USA and Germany is boosting the market growth.
Strict emission standards and growing consumer preference for compact passenger cars that provide an optimal driving experience are driving growth in developing countries such as China, India, South Korea and Brazil.
In addition, technological advances in dual-clutch transmission systems integrated into hybrid vehicles will further drive market sales.
Highlights of FMI’s Dual Clutch Transmission Market Research
- Passenger cars will dominate this sector over the next decade.
- Dry clutches will emerge as the most preferred product type.
- China will emerge as the most lucrative market due to growing demand for passenger cars.
- Germany will witness steady growth, driven by increased research and development on the development of dual clutch transmissions in Germany.
- India will see high demand due to growing customer preference for hybrid small and medium-sized passenger cars.
- The United States is expected to witness steady growth in the market as product innovations increase in the dual clutch transmission market.
Competitive landscape
Key players operating in the market profiled by FMI include ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline and Continental.
Prominent players are adopting various lucrative strategies to gain a competitive edge in the highly dynamic Dual Clutch Transmission market. Notable strategies include product development, collaboration, acquisitions, expansion and adoption of green and sustainable manufacturing processes for optimal growth. For example:
- In October 2020, BorgWarner confirmed the acquisition of electronics specialist Delphi Technologies to strengthen its product portfolio and support continuous product innovation.
- In June 2021, ZF Friedrichshafen AG announced plans to make India a global hub for manufacturing and development of auto parts. German manufacturers are focusing on research and development related to materials sourcing, digital innovation and automobile manufacturing.
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Additional Insights on Dual Clutch Transmission Market
In its latest report, FMI provides an unbiased analysis of the global Dual Clutch Transmission market by providing historical data for the period 2016-2020 and forecast statistics for the period 2021-2031. To understand the global market potential, growth and scope, the market is segmented into 7 major regions (North America, Central & South America, Eastern Europe, Asia Pacific excluding Japan, Western Europe) based on vehicle type (passenger and commercial), product type (dry and wet clutch). , Japan, Middle East and Africa).
Dual Clutch Transmission Market by Category
By vehicle type:
- car
- commercial vehicle
By product type:
- dry clutch
- wet clutch
By region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan
- Japan
- Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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