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).
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
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.
|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|
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
|Restraints & Challenges:||
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
Key Takeaways of the Graph:
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.
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.
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.
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:
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