Home > Pressrelease > Dual Clutch Transmission Market size to exceed $40 Bn by 2027
Dual Clutch Transmission Market size to exceed $40 Bn by 2027
- Published Date: June 21, 2021
Dual Clutch Transmission (DCT) Market size is expected to exceed USD 40 billion by 2027, according to a new research study published by Global Market Insights Inc.
Dual Clutch Transmission (DCT) is a transmission system comprising two clutches for both odd and even gears. The system is a multi-speed system primarily used in internal combustion engines and its mechanism is similar to separate transmission systems for alternating gear sets. The gear system is highly efficient both in terms of performance and fuel efficiency. The system was developed to be used in sports cars primarily due to its very high shift performance and low power delivery loss. Major automobile manufacturers have their own systems developed by manufacturers or through in-house engineering; for example, Porsche’s PDK and Volkswagen’s DSG.
With the advent of COVID-19, the dual clutch transmission market saw a huge dip in demand and production. The initial spread of the virus in countries including China, Italy, Germany, and France resulted in a complete halt on production and commercial activities. Following the spread of the virus to other neighboring countries, governments across the globe introduced stringent regulations in terms of suspending foreign shipments & flights, restricting domestic movements, and formation of containment zones to control the spread of the virus.
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Demand also witnessed a massive dip propelled by the shifting priorities of consumers toward essential buying and reduction in consumer confidence. With the establishment of government SOPs, the demand is poised to rise as vaccine administration is also gaining traction.
Browse key industry insights spread across 220 pages with 253 market data tables & 12 figures & charts from the report, “Dual Clutch Transmission (DCT) Market Size By Clutches (Dry, Wet), By Vehicle (Passenger Car, Commercial Vehicle, Sports Car), By Transmission (ICE, Hybrid), By Distribution Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/dual-clutch-transmission-market
The popularity of wet clutches in DCTs remains unchanged
Wet dual clutch transmission market is poised to observe a CAGR of over 5.5% till 2027. Wet clutches are incorporated majorly in high-end sports cars due to the high demand for shifting performance and superior power delivery. Dual clutch systems are incorporated with wetting systems to avoid heat buildup, thus enabling the clutches to control temperature during high-performance or traffic situations in hot environments. The increasing penetration of luxury and sports vehicles in emerging countries is one of the primary drivers of the system.
Commercial vehicles to see significant rise in demand
Commercial vehicles segment to witness around 3% CAGR in dual clutch transmission market through 2027 on account of the system’s superior power delivery that limits the intervention of power during the shifting stage, thus becoming increasingly important in high altitude or steep-grade environments. Manufacturers are also introducing new iterations to support the commercial vehicles market, post the introduction of I-Shift DCT transmission from Volvo in early 2014.
The hybrid transmission generated over USD 1.5 billion revenue in 2020 and is set to expand at steady growth through 2027. The adoption of hybrids is speeding up led by increasing consumer inclination toward environmental-friendly offerings. Sales of hybrids are also increasing in the developed parts of the globe owing to several government incentives and cost-reduction programs.
The aftermarket segment is predicted to grow at 4% CAGR during 2021 to 2027. Vehicle ownership is on the rise and the average fleet age is also consistently increasing in developed regions, resulting in incoming vehicles requiring service, maintenance, and replacements. These factors are also expected to experience a steady rise, therefore increasing demand.
Key manufacturers in the dual clutch transmission market are Magna International Inc., Continental AG, Valeo, BorgWarner Inc., Gkn Automotive, ZF Friedrichshafen AG, Eaton, Schaeffler Technologies AG & Co., KG, Magneti Marelli S.p.A., and Punch Powertrain Nanjing, among others.