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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A dual-clutch transmission (DCT) also referred to as double-clutch transmission is an automated manual transmission in automotive vehicles, which uses two separate clutches for odd and even gear sets. It is closely related to manual transmission and is operated in a fully automatic mode. However, many of those have the ability to allow a driver to manually shift gears in semi-automatic mode. The DCT technology provides two manual transmissions, each offering a specific torque path. One path provides first, third, fifth and possibly seventh gears, while the other provides even-numbered ratios and reverse gear. DCT is typically used to satisfy strict emission norms, for fuel efficiency and enhanced performance.

The global dual clutch transmission market is estimated to be at US$ 16,316.3 Million in 2021 and is expected to exhibit a CAGR of 6.26 % over the forecast period (2021-2028).

Recent Developments:

In July 2021, Tata Motors launched Tata Altroz automatic Turbo-Petrol equipped with Dual Clutch Transmission. Altroz is using a Schaeffler gearbox.   

In April 2021, Hyundai Motor America stated that it is going launch Kona N SUV equipped with Dual-Clutch Transmission. This car will have eight-speed wet-type dual-clutch transmission providing high-performance.

In addition to this, In April 2020, Hyundai Motor Compan launched Veloster N equipped with 8-speed wet dual-clutch transmission (N DCT)

Figure 1. Global Dual Clutch Transmission Market Volume (Thousand Units), by Region, 2020

Dual Clutch Transmission  | Coherent Market Insights

Asia Pacific excluding Japan held dominant position in the global Dual Clutch Transmission market in 2020, accounting for 41.1% share in terms of Value, followed by Western Europe  and North America respectively.

Global Dual Clutch Transmission Market: Drivers

Stringent regulatory policies regarding emission control are expected to drive growth of the global dual clutch transmission market during the forecast period. Governments in developed as well as emerging economies such as the U.S., U.K., Brazil, China, India, and Singapore have enforced strict regulations and policies to reduce CO2 emissions. For instance, many countries in Asia Pacific and Europe follow the Euro 2, 3, 4 or 5 emission control standard. Moreover, in the U.S., the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have finalized standards to extend the light duty vehicle GHG national program for model years 2017-2025. The agencies have adopted the first-ever GHG regulations for heavy duty engines and vehicles.

Advancements in technology regarding DCT are expected to propel the global dual clutch transmission market growth over the forecast period. Suppliers of automotive DCTs and automotive OEMs are focused on introducing innovative DCT technology, in order to enhance driving experience and increase fuel efficiency. Furthermore, DCTs have become more compact, durable, and fuel efficient with each innovation. As a result of this, they are being integrated into small cars as well. The demand for small and medium-sized cars is increasing in emerging economies such as India and China due to the penetration of DCT technology. BorgWarner has partnered with Maruti Suzuki to develop compact-sized DCTs for small cars. Moreover, compact DCTs will be used in small-size vehicles in India.

Global Dual Clutch Transmission Market: Opportunity

According to Coherent Market Insights’ analysis, the global automotive industry’s yearly growth rate is expected to exceed by 5.5% from 2010 to 2015, reaching a value of over US$ 5.1 Tn by FY 2015. Moreover, the industry is expected to witness significant research and development activities, representing an investment of around US$ 85 Bn (FY 2013). Since the economies in Europe and Asia Pacific are expected to improve, the automotive industry is expected to benefit thereby boosting the demand for DCTs in the near future.

Constant research and development activities in the market have led to downsizing of DCT technology for small and medium-sized cars. Globally, original equipment manufacturers (OEMs) and suppliers of dual clutch transmission (DCT) technology are constantly innovating and improving technologies in a bid to adhere to stringent emission norms and improve fuel efficiency of vehicles. Moreover, DCT technology is expected to play a crucial role in the global transmission market by 2020, owing to technological advancements.

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Dual Clutch Transmission Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 16,316.3 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.26% 2028 Value Projection: US$ 24952.4 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe
  • Eastern Europe: Poland, Russia, and Rest of Eastern Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Product Type: Dry, Wet
  • By Vehicle Channel: Passenger, Commercial
Companies covered:

BorgWarner Inc., AVL, Punch Powertrain, Magna International Inc., Eaton Corporation, Getrag Inc., Ricardo plc, Continental AG, ZF Friedrichshafen AG, Schaeffler AG, and Fiat Powertrain Technologies

Growth Drivers:
  • Stringent regulatory policies regarding emission control
  • Advancements in technology regarding DCT
Restraints & Challenges:
  • Increasing demand for electric vehicles 
  • High costs related to DCTs

Market Trends

In cost-sensitive markets, the acceptance of DMT is minimal. Moreover, some regions, especially North America, have preferred automated manual transmission technology. Hence, suppliers and automotive OEMs are focused on partnering and forming joint ventures, in order to increase the penetration of DCT technology in low penetration markets. For instance, in 2014, Getrag entered into a joint venture with Dongfeng in China to produce dual clutch transmission technology. The production will start from 2016 onwards. This JV is aimed at helping Getrag improve its hold in China.

Automotive OEMs are focused on manufacturing smart DCTs for commercial vehicle segment use. For instance, in January 2015, Volvo introduced ‘I-shift DCT’. The main function of this type of DCT is to make the driver’s job simpler and safer. The truck does not lose either its speed or power during change of gears and provides efficient smooth functioning on the road. MOREOVER, in 2014, Eaton launched North America’s first DCT for medium trucks, which claims to provide better fuel efficiency to the tune of 8-10%.

Figure 2. Global Dual Clutch Transmission Market Share, By Vehicle Type, 2020

Dual Clutch Transmission  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Passenger Vehicle segment held dominant position in the market and accounted for 68.5% share in the global Dual Clutch Transmission market in 2020. The segment is expected to reach US$ 24,952.4 million in 2028. This is owing to increasing consumer spending power in developing countries.
  • The Commercial Vehicle segment accounted for the share of 31.5% in 2020 in the global Dual Clutch Transmission market and is expected to reach US$ 7,865.1 million by 2028, owing to increasing demand of commercial buses.

Global Dual Clutch Transmission Market- Restraints

Increasing demand for electric vehicles is expected to hamper the global dual clutch transmission market growth over the forecast period. The electric vehicles have witnessed significant demand in the recent past, in order to adhere to stringent fuel efficiency regulations and mitigate the risk of oil price volatility. According to Coherent Market Insights’ (CMI) analysis, the global electric vehicle technology market is expected to exhibit a CAGR between 15% and 20% from 2014-2020. Moreover, electric vehicle technology offers a perfect substitute for conventional fuels and hence EV technology poses a major threat to DCT.

High costs related to DCTs are expected to hinder the global dual clutch transmission market growth during the forecast period. The high costs associated with DCT technology are a major threat to its penetration in vehicles, particularly in small and medium-sized vehicles in emerging economies. Moreover, India and Malaysia have exhibited high sensitivity towards product pricing.

Competitive Section

Key players operating in the global dual clutch transmission market are BorgWarner Inc., AVL, Punch Powertrain, Magna International Inc., Eaton Corporation, Getrag Inc., Ricardo plc, Continental AG, ZF Friedrichshafen AG, Schaeffler AG, and Fiat Powertrain Technologies.

Key Developments

  1. Key players in the market are focused on agreements and contracts, in order to gain a competitive edge in the market. For instance, in May 2018, PSA Group, a France-based manufacturer of automobiles, entered into an agreement with Punch Powertrain to provide electrified dual clutch transmission for 48-volt mild hybrid vehicles.
  2. Major companies in the market are involved in agreements and contracts, in order to enhance the market presence. For instance, in October 2019, Magna International Inc. entered into a contract with BMW Group for all front-wheel-drive dual clutch transmissions, including hybrid transmission variants.

A dual-clutch transmission, also known as a dual-throw transmission, is a kind of multi-speed transmission system, which makes use of two separate clutches for even and odd gear selections. The design is very similar to a traditional two-speed manual transmission with their corresponding clutches contained in a single housing, working almost like one. However, the transmission does not separate when transferring power from engine to transmission or vice versa. The clutch is the only part of the transmission that moves, rather than the drive train and engine. The clutch allows the engine to slow down or speed up as needed, providing a smoother, more predictable driving. Dual-clutch transmissions are typically more expensive than other types of automatic transmissions, but many people choose them because they provide users with a quieter and smoother ride, as well as a greater amount of control.

Market Dynamics

Increasing demand for luxury and high-end vehicles is expected to boost the global dual clutch transmission market growth over the forecast period. With rising disposable income and purchasing power of consumers, the demand for luxury and high-end vehicles has increased significantly. According to the Organisation for Economic Co-operation and Development (OECD), the gross disposable income of Germany reached around US$ 43,904 per capita in 2019, increasing from US$ 35,492 per capita in 2015. This, in turn, has further increased the demand for dual clutch transmission.

Furthermore, rising import of transmission along with rising local JV operations are expected to accelerate growth of the global dual clutch transmission market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the dual clutch transmission market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global dual clutch transmission market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include BorgWarner Inc., AVL, Punch Powertrain, Magna International Inc., Eaton Corporation, Getrag Inc., Ricardo plc, Continental AG, ZF Friedrichshafen AG, Schaeffler AG, and Fiat Powertrain Technologies.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global dual clutch transmission market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dual clutch transmission market

Detailed Segmentation:

  • Global Dual Clutch Transmission Market, By Product Type:
    • Dry
    • Wet
  • Global Dual Clutch Transmission Market, By Vehicle Type:
    • Passenger Vehicle
    • Commercial Vehicle
  • Global Dual Clutch Transmission Market, By Region:
    • North America
    • Eastern Europe
    • Western Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • AVL*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BorgWarner Inc.,
    • Continental AG
    • Eaton Corporation
    • Getrag Inc.
    • Fiat Powertrain Technologies
    • Magna International Inc.
    • Punch Powertrain
    • Ricardo plc
    • Schaeffler AG
    • ZF Friedrichshafen AG
    • Others

*Browse all the market data tables and figures on “Global Dual Clutch Transmission Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Dual Clutch Transmission Market, By Product Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Dry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Wet
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Dual Clutch Transmission Market, By Vehicle Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Passenger Vehicle
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Commercial Vehicle
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Dual Clutch Transmission Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • AVL
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BorgWarner Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Continental AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eaton Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Getrag Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fiat Powertrain Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Magna International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Punch Powertrain
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ricardo plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schaeffler AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ZF Friedrichshafen AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Dual Clutch Transmission Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Increasing collaborative and joint venture activities among key players and increasing collaborative and joint venture activities among key players are major trends in the market.
The market is expected to exhibit a CAGR of 6.26% over the forecast period (2021-2028).
Increasing demand for electric vehicles and high costs related to DCTs are major challenges in the market.
Rising demand for vehicles can provide and rising demand for vehicles can provide can provide lucrative growth opportunities.
The market is estimated to be valued at US$ 16,316.3 million in 2021.
Key players operating in the market are BorgWarner Inc., AVL, Punch Powertrain, Magna International Inc., Eaton Corporation, Getrag Inc., Ricardo plc, Continental AG, ZF Friedrichshafen AG, Schaeffler AG, and Fiat Powertrain Technologies.
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