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
Market Size Value in US$ 12,576.10 million in 2021 Market Size Value by US$ 20,372.75 million by 2028 Growth rate CAGR of 7.1% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Dual Clutch Transmission Market: Strategic Insights
| Market Size Value in | US$ 12,576.10 million in 2021 |
| Market Size Value by | US$ 20,372.75 million by 2028 |
| Growth rate | CAGR of 7.1% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Processor Type, Application and Standard
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States
Frequently Asked Questions
The market is expected to register a CAGR of 7.3% during 2023–2031.
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.
Rising demand for lightweight axles to improve fuel efficiency is driving the market growth.
Magna International Inc., Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Daimler AG, Volkswagen AG, ZF Friedrichshafen AG, OC Oerlikon Management, Ricardo, Renault Group and others.
Growing Transportation and Logistics Sector across the Globe drives the Market Growth.
Asia Pacific is expected to dominate the dual clutch transmission market in 2023.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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