Dual Clutch Transmission (DCT) Market Size to hit $50bn by 2026
Published Date: February 10, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Dual Clutch Transmission Market size will likely reach USD 50 billion by 2026; according to a new research report by Global Market Insights, Inc.
Superior driving experience to escalate revenue generation in the coming years
Increasing consumer preference for enhanced driving experience are stimulating dual clutch transmission market size. High utilization of engine torque and power with limited energy loss during gear shift is positively influencing the revenue generation. Further, rising individual inclination towards automated technologies to gain better operating comfort in long journey will escalate the volume growth over the forecast timeframe.
Wet clutch will witness substantial growth with its application in sport vehicles to transfer high torque from the engine. Industry players are involved in developing innovative products with improved driving dynamics and vehicle control in uneven and difficult terrains. For instance, ZF Friedrichshafen AG provides Power Shift wet DCT for regulating torque range from 350Nm to 750Nm. It sustains high thermal resistance, high speed stability and low friction torque that will escalate the product size over the projected timeframe.
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Increasing DCT penetration in sports cars
Sports cars will foresee significant traction over the forecast timeframe owing to continuous technological innovations in the vehicles required for enabling high performance. Increasing racing competitions across the globe and individual trends for sports driving pleasures will accentuate the product size. Dual clutch transmission support in reducing the time lags during gear change, subsequently lowering lap duration in sprint and circuit racing events.
Browse key industry insights spread across 224 pages with 253 market data tables & 12 figures & charts from the report, “Dual Clutch Transmission Market Size By Clutches (Dry, Wet), By Vehicle (Passenger Cars, Commercial Vehicle, Sport Car), By Transmission (ICE, Hybrid), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Hybrid segment will register considerable growth in dual clutch transmission (DCT) market owing to increasing focus of automotive players on hybrid vehicle development. Industry players engage in strategic contracts to provide customers with advanced solution in hybrid drive trains. For instance, in October 2019, BMW group signed a mutual agreement with Magna International Inc for the development and supply of front drive DCTs including hybrid transmission variants.
Rising investments of industry players in aftermarket will stimulate the industry growth. For instance, in June 2019, Booster Investment Management Limited announced investment in Dodson Motorsport. This will support the company to improve its facilities that manufacture aftermarket components and cope up with the rising customer base. Further, increasing service providers coupled with penetration of new entrants in product manufacturing will considerably spur the volume share.
Europe to bank upon developing DCT upgrades
Europe dual clutch transmission market revenue will witness around 4% CAGR during the study timeframe due to increasing R&D activities. The organizations are focusing on drivetrain upgrades and enhancement of onboard computer units used in dual clutch transmission technology. According to International Council on Clean Transportation (ICCT), improved algorithms in electronic control units (ECU) of DCTs will reduce consumer acceptance concerns and escalate the product share over the study timeframe.
Dual clutch transmission (DCT) market players are undergoing portfolio expansion
Industry participants are engaged in new product developments and launches to gain competitive edge. For instance, in May 2019, Ricardo announced plans to launch manual dual clutch transmission concept (mDCT) for upgrading vehicle performance. Moreover, in December 2018, Ricardo introduced its transverse DCT concept with reduced dimension to ease integration with electric motor for hybrid vehicles.
The major market participants include, Continental AG, ZF Friedrichshafen AG, Magna International Inc., BorgWarner Inc., Punch Powertrain Nanjing and Eaton. Strategic mergers and acquisitions to strengthen regional presence will emerge as prominent strategy for industry players.
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