Future Market Insights (FMI), an ESOMAR certified consulting firm, forecasts the global dual clutch transmission market to grow steadily at a CAGR of 6% between 2021 and 2031. This market is expected to be valued at $24 billion in 2021 .
The surge in demand for passenger cars with efficient driving control and fuel economy is driving the sales in the global dual clutch transmission market. The increasing adoption of hybrid vehicles will further increase the sales in the market, increasing the market size to 7.2%.
The growing preference for small and medium passenger cars will drive sales in the market. The integration of dual-clutch transmission systems in small vehicles has received increasing attention in recent years, driving a 6.3% year-on-year growth rate in the DCT market in 2020-2021.
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The rapid expansion of the automotive industry along with the increase in research and development for product innovation in countries such as UK, US, and Germany is driving the growth of the market.
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.
Additionally, technological advancements in dual-clutch transmission systems embedded in hybrid vehicles will further drive sales in the market.
IMF Dual Clutch Transmission Market Research Highlights
Passenger cars will dominate this sector over the next decade.
Dry clutches will appear as the preferred product type.
China will become the most lucrative market due to the growing demand for passenger cars.
Germany will experience steady growth, driven by increased research and development on the development of dual clutch transmissions in Germany.
India will witness high demand owing to growing customer preference for small and medium hybrid cars.
The United States is expected to experience steady market growth as product innovations increase in the dual clutch transmission market.
The major players operating in the market presented by FMI are 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 instance:
In October 2020, BorgWarner confirmed the acquisition of electronics specialist Delphi Technologies to strengthen its product portfolio and support continued product innovation.
In June 2021, ZF Friedrichshafen AG announced its intention to make India a global hub for automotive parts manufacturing and development. German automakers focus on research and development related to materials sourcing, digital innovation and automotive manufacturing.
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Additional Insights into Dual Clutch Transmission Market
In its latest report, FMI provides an unbiased analysis of the global Dual Clutch Transmission Market by providing historic data for the period 2016-2020 and forecast statistics for the period 2021-2031. To understand the potential, growth and scope of the global market, the market is segmented into 7 major regions (North America, Central & South America, Eastern Europe, Asia-Pacific excluding Japan, Western Europe ) depending on the type of vehicle (passenger and commercial), the type product (dry and wet clutch). , Japan, Middle East and Africa).
Dual Clutch Transmission Market by Category
By type of vehicle:
By product type:
Asia Pacific excluding Japan
Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive 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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