The dual clutch transmission market is poised for significant growth, with a projected valuation of US$ 17,900 million in 2024. Over the forecast period from 2024 to 2034, the market is expected to expand at an impressive Compound Annual Growth Rate (CAGR) of 11.51%. By 2034, the global dual clutch transmission market is anticipated to reach a substantial valuation of US$ 53,209.75 million.
– The market demand for dual clutch transmission rises with the companies adopting the latest pair of transmissions to be implemented in the passenger as well as the high-performance vehicles.
– Governments are building their automotive industry while also expanding the research and development programs for smoother, faster, and more efficient mobility. This fuels the sales of dual-clutch transmissions.
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– The higher per capita income, along with the increased availability of passenger vehicles at reasonable prices, have pushed end users to rush to grab hands on the steering. Thus, advanced transmission systems such as dual-clutch systems help in making the vehicle more premium.
– Authorities in some parts of the world make this type of transmission mandatory as it saves fuel and enhances the sustainability of automobiles.
Key Points
- The growth rate is rising for the US market as the market thrived at a CAGR of 7.2% between 2024 and 2034.
- The research report of FMI states that the dry clutch segment continues to lead the product type category with a CAGR of 5.1% in 2024.
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According to forecasts, the passenger segment will hold a market share of 84% in 2024.
Competitive Landscape
Companies operating in the dual-clutch transmission market are focusing on building trust and reliability between the technology provided and the end user. The lower chances of gearbox damage, faster gear shifts, and increased acceleration are some of the factors that transform the market dynamics. Thus, the user’s comfort, trust, and experience come first, while higher penetration ensured through MoU also helps in making the market competition tight and performative.
Key players in the market are ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline, and Continental.
Recent Market Developments
- Indian tier-1 manufacturers of the automotive component have developed indigenously built automated manual transmission and dual-clutch transmission. These systems are likely to be a part of the upcoming TATA motors.
- Magna International has secured business for the installation of next-generation hybrid dual-clutch transmission (HDT) and DCT with the launching in 2025 with Mercedes-Benz.
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Dual-clutch transmission Market by Category
By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
By Product Type:
- Dry Clutch
- Wet Clutch
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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