The Business Research Company’s Dual Clutch Transmission Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Dual Clutch Transmission Global Market Report 2023 evaluates dual clutch transmission market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global dual-clutch transmission market exhibits a compelling growth trajectory, with projections indicating a significant expansion from $27 billion in 2022 to an estimated $29 billion in 2023, driven by a robust compound annual growth rate (CAGR) of 7.4%. However, it is essential to recognize that geopolitical events can exert a profound influence on economic landscapes.
The Russia-Ukraine conflict has cast a formidable shadow over the world’s prospects for a swift recovery from the lingering effects of the COVID-19 pandemic. This strife has culminated in a cascade of far-reaching consequences, including international economic sanctions, surging commodity prices, and intricate supply chain disruptions. Consequently, this turbulence has precipitated inflationary pressures across various sectors, impacting global markets comprehensively.
Looking ahead, the dual-clutch transmission market is poised for continued growth, with estimations indicating a value of $37.42 billion by 2027, supported by a steady CAGR of 6.6%. This underscores the industry’s resilience in the face of external challenges, reflecting its enduring relevance in the automotive landscape.
The burgeoning demand for luxury vehicles stands as a compelling catalyst poised to fuel the expansion of the dual-clutch transmission market in the foreseeable future. Luxury vehicles, renowned for their opulent interiors and exclusive features not typically found in their more budget-conscious counterparts, are increasingly sought after by discerning consumers. It’s here that dual-clutch transmissions demonstrate their prowess, with the ability to deliver lightning-fast gear shifts, exceeding the capabilities of manual transmissions. In addition to seamless performance, they also contribute to enhanced fuel efficiency, making them a preferred choice in the automotive landscape.
Illustrating this trend, in a noteworthy development reported by USA Today in April 2022, Tesla Inc., a prominent US-based automotive powerhouse, achieved a remarkable milestone. During the first quarter of 2022, Tesla Inc. successfully delivered a staggering 310,000 vehicles, signifying a substantial uptick of nearly 68% compared to 2021 when 185,000 vehicles rolled off the production line. This exceptional surge underscores the surging demand for luxury vehicles in the market.
Consequently, it is evident that the growing appetite for luxury vehicles, epitomizing cutting-edge innovation and advanced technology, is a primary driving force behind the thriving trajectory of the dual-clutch transmission market. As consumers increasingly prioritize the advantages of luxurious travel experiences, the demand for these high-performance transmissions continues to ascend, promising sustained growth and innovation in the automotive sector.
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The dual clutch transmission market segments in the report are:
1) By Product: Dry, Wet
2) By Propulsion: ICE (Internal Combustion Engine), Hybrid
3) By Distribution Channel: OEM (Original Equipment Manufacturer), Aftermarket
4) By Application: Passenger Car, Heavy Commercial Vehicles, Light Commercial Vehicles, Motorsport Cars
The table of contents in TBRC’s dual clutch transmission market report includes:
- Executive Summary
- Dual Clutch Transmission Market Characteristics
- Dual Clutch Transmission Market Trends And Strategies
- Dual Clutch Transmission Market – Macro Economic Scenario
- Dual Clutch Transmission Market Size And Growth
…..
- Africa Dual Clutch Transmission Market
- Dual Clutch Transmission Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Dual Clutch Transmission Market
- Dual Clutch Transmission Market Future Outlook and Potential Analysis
- Appendix
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