Dual Clutch Transmission Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The dual clutch transmission market size is projected to reach US$ 25,342.1 million by 2031 from US$ 14,467.9  million in 2023. The market is expected to register a CAGR of 7.3% during 2023–2031. The increasing adoption of automatic advanced technologies-based transmission is driving the trend in the market. Rising sales of commercial vehicles across the globe are driving the market growth.

Dual Clutch Transmission Market Analysis

The dual clutch transmission (DCT) market is majorly driven by increasing commercial and passenger vehicle sales across the globe. The demand for dual clutch transmission has the largest share in the Asia Pacific region owing to increasing sales of the vehicles in India, China and Japan. In passenger and commercial vehicles, the dual clutch transmission uses an automatic clutch to improve fuel efficiency and offer high performance of the vehicles. The dual clutch transmission uses two clutch plates that allow quick shifting of the gears without any input lag.

Dual Clutch Transmission Market Overview

A dual clutch transmission (DCT) is an automated manual transmission in commercial and passenger vehicles. This transmission system uses two clutches for setting odd and even gear sets. The dual clutch transmission technology offers two manual transmissions. One path provides first, third, fifth and possibly seventh gears to shift automatically, while the other provides even-numbered gear ratios and reverse gear transmission. With increased demand for improving fuel efficiency and vehicle performance, dual clutch transmission technology is used. Dual clutch transmission technology offers seamless gear changing and efficient power distribution for commercial and passenger vehicles.

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Dual Clutch Transmission Market: Strategic Insights

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Dual Clutch Transmission Market Drivers and Opportunities

Stringent regulatory policies regarding emission control are expected to drive growth.

In North America, initiatives by the government, federal policies, and programs for various industries are expected to drive the electric bus market. The US, Canada, and Mexico signed the trade deal NAFTA. The trade deal helped automakers with the increased number of manufacturing facilities and enhanced supply chain of auto parts. The government of Mexico is highly focused on attracting FDI to boost the country’s manufacturing sector. Automakers such as BMW, Audi, and Mercedes are investing in the country. This is due to the various tax benefits as well as duty-free imports offered by the government of Mexico. Also, several other automobile manufacturers have an existing base in the country.

The governments of various in the APAC region are focusing on the manufacturing of automobiles and their respective country itself. For instance, through Made in China in 2025, the government of China is supporting local companies to compete with foreign automakers and to compete globally. Furthermore, initiatives by the Indian government, such as the Automotive Mission Plan 2016-26, provide government support to the country’s growing automotive manufacturing industry. Therefore, these government initiatives would support the growth of the automotive sector in the region, which will support the growth of the dual clutch transmission market in APAC.

Rising Adoption of Advanced Technology Based Clutch Systems is Expected to Propel Market Growth

The key players in the market are adopting advanced technology-based transmission systems to launch new vehicle models. For instance, in April 2024, Stellantis N.V. launched an electrified dual clutch transmission system in Italy. The company planned an investment of around US$ 260 million for the establishment of the Italian automotive industry in the Mirafiori Automotive Park. Stellantis N.V. also announced an additional US$ 108 million to boost the potential of the Fiat 500e. Such an increase in the investment and launching of the development of the new DCT systems by the key players is expected to create ample opportunity for market growth.

Dual Clutch Transmission Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Dual Clutch Transmission market analysis are vehicle type, propulsion, vehicle class, and geography.

• Based on vehicle type, the market is divided into passenger cars and commercial vehicle. Among these, passenger cars had the largest share in 2023. This is owing to the increasing sale of passenger cars across the globe.
• Depending upon the propulsion, the market is divided into ICE and hybrid. Among these, ICE had the largest share in 2023. This is owing to increasing vehicle sales across the globe. According to the International Energy Agency, global automobile sales increased to 92.72 million units in 2022 increased from 82.8 million units compared to 2021.
• Depending upon the Vehicle Class, the market is divided into A/B, C, D, E and Above, and SUV and Forward Gears (6, 7, and 8 and Above). Among these, SUV has the largest share owing to the increased adoption of DCT in SUV cars.

Dual Clutch Transmission Market Share Analysis by Geography

The geographic scope of the dual clutch transmission market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is expected to have the largest share in the dual clutch transmission market owing to increased demand and sale of automobiles in developing countries such as China, India, and Japan. In 2023, according to the China Automotive Manufacturers Association, around 26 million units passenger cars sold in China. India stood second largest market in the Asia Pacific region. These factors are responsible for the growth of the dual clutch transmission market during the forecast period.

Dual Clutch Transmission Market Regional Insights

The regional trends and factors influencing the Dual Clutch Transmission Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Dual Clutch Transmission Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Dual Clutch Transmission Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Dual Clutch Transmission Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Dual Clutch Transmission Market are:

1. Magna International Inc.
2. Schaeffler Technologies AG & Co. KG
3. BorgWarner Inc.
4. Daimler AG
5. Volkswagen AG
6. ZF Friedrichshafen AG

Disclaimer: The companies listed above are not ranked in any particular order.

Dual Clutch Transmission Market News and Recent Developments

The dual clutch transmission market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Dual Clutch Transmission Market are listed below:

• Punch Powertrain launches its innovative DCT system with a revolutionary, more compact and affordable design. The DT1 has been launched in India, debuting in the recent launch of Altroz DCA by Tata Motors. (Source: Company Website, March 2022)
• Tata AutoComp to invest Rs 500 crore in dual clutch transmission plant in Chakan. With an aim to cater to the growing demand for automatic transmission-equipped cars in India, Tata AutoComp eyes a first-mover advantage as it readies a new plant with an initial production capacity of 100,000 units. (Source: Press Release, January 2023)

Dual Clutch Transmission Market Report Coverage and Deliverables

The “Dual Clutch Transmission Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Dual clutch transmission market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Dual clutch transmission market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Dual clutch transmission market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the dual clutch transmission market
• Detailed company profiles