Dual Clutch Transmission Market

Dual Clutch Transmission Market – Overview

Dual clutch transmission system or multi clutch transmission is an automatic transmission system providing easy switch between fully automatic driving mode and manual driving mode. The dual clutch is a quick shifting transmission that uses either a two-way single-plate dry clutches or two wet clutches for operations in sports cars and bikes. It uses computer-controlled actuators and is lighter in comparison to automatic transmission. Dual clutch transmission or DCT is more efficient in performance in comparison to manual transmission and also offers better fuel efficiency. Such high performance and reliable features of duel clutch transmission systems will augment the growth of its market during the forecast period set between 2021 and 2031.

The rising integration of DCT in small passenger vehicles is projected to augment the growth of the global dual clutch transmission market. Besides this, the increasing advent of hybrid vehicles and its rising adoption will also help attract significant revenues for this market in the coming years. Emerging nations and developing countries such as India, Brazil, China, and South Korea are majorly adopting dual clutch transmission in their vehicles for focusing on cutting down traffic congestion and better fuel economy. This will also add boost to the overall growth of this market in the coming years.

The report on the global Dual Clutch Transmission market offers insights into the market and focuses on the growth drivers, restraints, challenges, and new growth opportunities. It also discusses the impact of the COVID19 pandemic on this market and how can players attract notable revenues during this time period by adopting strategies such as product innovations, product quality improvement, and others. The list of players competing in this market and their key contributions are also listed in this report. For more information on the report, log on to the company website.

Dual Clutch Transmission Market – Competitive Landscape

The nature of competition for the global Dual Clutch Transmission market is consolidated attributed to the presence of few players. Companies are investing in research and development of better Dual Clutch Transmission for better safety of the newly constructed building units on the one side and attract higher revenue on the other. Others are indulging in collaborative efforts such as merger and acquisition, and joint ventures to ensure a top position in the overall market competition.

Some of the key players of the global Dual Clutch Transmission market include:

• Continental AG
• Daimler
• Volvo
• ZF Friedrichshafen AG
• Schaeffler Technologies AG & Co.
• Magna International
• BorgWarner Inc.
• Eaton
• Punch Powertrain Nanjing
• Other players

Dual Clutch Transmission Market – Growth Drivers

The rising demand for high end and luxury vehicles is a prime factor augmenting the growth of the global dual clutch transmission market. In addition to this, the rising imposition in vehicular emission and environmental pollution will also promote the growth of this market during the forecast period. The advent and rising popularity of sports activities and sports cars will further augment the growth of the market in the coming years. Besides this, the increasing presence of manufacturing facilities for automobiles and OEMs will also add boost to the overall growth of this market in the coming years.

On the contrary, factors such as the rising trend of electric vehicles and the reduced dependency on gear control may serve as a stringent factor restricting the growth of the global dual clutch transmission market. Nevertheless, with the rise in the disposable incomes of people and the growing inclination towards a lavish lifestyle and ownership of luxury or sports cars are projected to open new doors of opportunity for the market in the near future.

Dual Clutch Transmission Market – Geographical Insights

Regionwise, North America held the highest shares in 2020 and is likely to continue so in the forecast period as well. This is owing to the rising inclination of consumers towards automatic vehicles. Additionally, government support and promotion of fuel-efficient technologies will also aid in favor of the regional dual clutch transmission market in the coming years. Europe ranks second and is projected to generate notable revenues owing to the high inclination towards luxury vehicles and lavish lifestyle.