Dual Clutch Transmission Market Size, Industry Share And Forecast To 2033
Overview and Scope
A dual-clutch transmission refers to a type of automotive transmission system that features a dual-clutch module and two input shafts and combines the features of both manual and automatic transmissions. It is designed to provide rapid gear shifting without sacrificing fuel efficiency or riding comfort.
Sizing and Forecast
The dual clutch transmission market size has grown strongly in recent years. It will grow from $29 billion in 2023 to $31.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to performance enhancement, fuel efficiency regulations, rise of automated manual transmissions, growing popularity in premium vehicles, increased consumer demand for automatic transmissions.
The dual clutch transmission market size is expected to see strong growth in the next few years. It will grow to $40 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to hybrid and electric vehicle integration, global demand for fuel efficiency, urbanization and traffic conditions, market expansion in asia-pacific, advancements in transmission materials. Major trends in the forecast period include autonomous driving technologies, advancements in transmission technology,compact and lightweight designs, enhanced durability and reliability, increased integration with hybrid systems.
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Segmentation & Regional Insights
The dual clutch transmission market covered in this report is segmented –
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,
MotorsportCars
Asia-Pacific was the largest region in the dual-clutch transmission market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the dual clutch transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising demand for luxury vehicles is expected to propel the growth of the dual-clutch transmission market going forward. Luxury vehicles use high-quality interiors and have features not available in low-priced models. Dual-clutch transmissions provide quicker and faster gear shifts than manual transmissions and offer greater fuel efficiency. For instance, in April 2022, according to USA Today, a US-based Newspaper, Tesla Inc., a US-based automotive company, delivered 310,000 vehicles in the first quarter of 2022, an increase of nearly 68% from 2021, when 185,000 vehicles were produced. Therefore, the rising demand for luxury vehicles is driving the growth of the dual-clutch transmission market.
Key Industry Players
Major companies operating in the dual clutch transmission market report are Volkswagen AG, General Motors Company, BMW AG, Honda Motor Co Ltd., Hyundai Motor Company, Nissan Motor Co. Ltd., Audi AG, Kia Corporation, ZF Friedrichshafen AG, AB Volvo, Continental AG, Porsche AG, Magna International Inc, Aisin Seiki Co.,Eaton Corporation, Schaeffler Technologies AG & Co. KG, BorgWarner Inc.,GKN Automotive Limited, Allison Transmission Holdings Inc., Aston Martin Lagonda Global Holdings PLC, Ricardo PLC, Tremec Corporation, Punch Powertrain NV, Getrag Inc, JATCO Ltd.
The dual clutch transmission market report table of contents includes:
1. Executive Summary
2. Dual Clutch Transmission Market Characteristics
3. Dual Clutch Transmission Market Trends And Strategies
4. Dual Clutch Transmission Market – Macro Economic Scenario
5. Global Dual Clutch Transmission Market Size and Growth
………………….
32. Global Dual Clutch Transmission Market Competitive Benchmarking
33. Global Dual Clutch Transmission Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dual Clutch Transmission Market
35. Dual Clutch Transmission Market Future Outlook and Potential Analysis
36. Appendix
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