DUAL CLUTCH TRANSMISSION MARKET ANALYSIS

Global Dual Clutch Transmission Market is estimated to be valued at US$ 29.03 Bn by 2030.

A dual-clutch transmission (DCT) also referred to as double-clutch transmission is an automated manual transmission in automotive vehicles, which uses two separate clutches for odd and even gear sets. It is closely related to manual transmission and is operated in a fully automatic mode. However, many of those have the ability to allow a driver to manually shift gears in semi-automatic mode. The DCT technology provides two manual transmissions, each offering a specific torque path. One path provides first, third, fifth and possibly seventh gears, while the other provides even-numbered ratios and reverse gear. DCT is typically used to satisfy strict emission norms, for fuel efficiency and enhanced performance.

Global Dual Clutch Transmission Market: Regional Insights

Asia Pacific excluding Japan held dominant position in the global Dual Clutch Transmission market in 2021, accounting for 41.9% share in terms of Value, followed by Western Europe and North America respectively

Asia Pacific is supposed to keep up with its predominant situation in the double grip transmission market all through the figure period. In APAC, China supplies the majority of dual clutch transmissions. China's impact on the worldwide market for double grip transmission keeps on developing consistently as DCT frameworks from Chinese assembling plants are effectively utilized in a few European vehicles. This is one of the fundamental explanations behind the provincial mastery in double grip transmission (DCT) on the planet.

Figure 1: Global Dual Clutch Transmission Market Share (%), By Region, 2022

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Global Dual Clutch Transmission Market - Impact of Coronavirus (Covid-19) Pandemic

The global DCT market experienced sluggish growth during the analysis period as a result of COVID-19's negative impact. The Automotive Innovation report says that the auto industry is still dealing with the effects of the global pandemic, which is killing people, communities, and the economy like never before. The sector is increasing, and it will continue to do so in the years to come, in response to factories closing and declining sales. Vehicle fabricating didn't quit working; Instead, it innovated by redeploying supply chains, utilizing purchasing networks, and utilizing its expertise in precision manufacturing to guarantee uninterrupted supply.

Global Dual Clutch Transmission Market - Drivers:

Stringent regulatory policies regarding emission control are expected to drive growth

Stringent regulatory policies regarding emission control are expected to drive growth of the global dual clutch transmission market during the forecast period. Governments in developed as well as emerging economies such as the U.S., U.K., Brazil, China, India, and Singapore have enforced strict regulations and policies to reduce CO2 emissions. For instance, many countries in Asia Pacific and Europe follow the Euro 2, 3, 4 or 5 emission control standard. Moreover, in the U.S., the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have finalized standards to extend the light duty vehicle GHG national program for model years 2017-2025. The agencies have adopted the first-ever GHG regulations for heavy duty engines and vehicles.

Advancements in technology are expected to propel the growth.

Advancements in technology regarding DCT are expected to propel the global dual clutch transmission market growth over the forecast period. Suppliers of automotive DCTs and automotive OEMs are focused on introducing innovative DCT technology, in order to enhance driving experience and increase fuel efficiency. Furthermore, DCTs have become more compact, durable, and fuel efficient with each innovation. As a result of this, they are being integrated into small cars as well. The demand for small and medium-sized cars is increasing in emerging economies such as India and China due to the penetration of DCT technology. BorgWarner has partnered with Maruti Suzuki to develop compact-sized DCTs for small cars. Moreover, compact DCTs will be used in small-size vehicles in India.

Global Dual Clutch Transmission Market - Opportunities:

Automotive companies are expected to grow in Europe and Asia Pacific

 The global automotive industry’s yearly growth rate is expected to exceed by 5.5% from 2010 to 2015, reaching a value of over US$ 5.1 Tn by FY 2015. Moreover, the industry is expected to witness significant research and development activities, representing an investment of around US$ 85 Bn (FY 2013). Since the economies in Europe and Asia Pacific are expected to improve, the automotive industry is expected to benefit thereby boosting the demand for DCTs in the near future.

Owing to technology advancements DCT technology is expected to play a crucial role.  

Constant research and development activities in the market have led to downsizing of DCT technology for small and medium-sized cars. Globally, original equipment manufacturers (OEMs) and suppliers of dual clutch transmission (DCT) technology are constantly innovating and improving technologies in a bid to adhere to stringent emission norms and improve fuel efficiency of vehicles. Moreover, DCT technology is expected to play a crucial role in the global transmission market by 2020, owing to technological advancements.

Global Dual Clutch Transmission Market was valued at US$ 17.2 Bn in 2022 and is forecast to reach a value of US$ 29.03 Bn by 2030, exhibiting CAGR of 6.8% between 2023 and 2030.

Global Dual Clutch Transmission Market - Trends:

Automotive OEMs are focused to form joint ventures

In cost-sensitive markets, the acceptance of DMT is minimal. Moreover, some regions, especially North America, have preferred automated manual transmission technology. Hence, suppliers and automotive OEMs are focused on partnering and forming joint ventures, in order to increase the penetration of DCT technology in low penetration markets. For instance, In March 2020, Lumax was planning for a dual clutch trasmission gear shifter, which is understood to be cleared for the state of production. The Tata Altron automatic will be using a Schaeffler wet clutch dual clutch transmission.

DCTs for commercial vehicle segment use

Automotive OEMs are focused on manufacturing smart DCTs for commercial vehicle segment use. \ In January 2023, Tata AutoComp, whose capabilities span the entire automotive value chain from manufacturing to engine and the supply chain itself, has locked in on this new business opportunity. It will be setting up a dedicated unit for manufacturing compact dual clutch transmissions (DCTs) in Chakan, Maharashtra, which will be operational in the next six months (Q1 FY2024), a senior company executive told Autocar Professional.

Global Dual Clutch Transmission Market - Restraints:

Electric vehicles to hamper the global dual clutch transmission

Increasing demand for electric vehicles is expected to hamper the global dual clutch transmission market growth over the forecast period. The electric vehicles have witnessed significant demand in the recent past, in order to adhere to stringent fuel efficiency regulations and mitigate the risk of oil price volatility. According to Coherent Market Insights’ (CMI) analysis, the global electric vehicle technology market is exhibited a CAGR between 15% and 20% from 2014-2020. Moreover, electric vehicle technology offers a perfect substitute for conventional fuels and hence EV technology poses a major threat to DCT.

High costs to hinder the global dual clutch transmission

High costs related to DCTs are expected to hinder the global dual clutch transmission market growth during the forecast period. The high costs associated with DCT technology are a major threat to its penetration in vehicles, particularly in small and medium-sized vehicles in emerging economies. Moreover, India and Malaysia have exhibited high sensitivity towards product pricing.

Figure 2: Global Dual Clutch Transmission Market (%), By Segment, 2022

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Global Dual Clutch Transmission Market - Segmentation:

Global Dual Clutch Transmission Market report is segmented into Product type and Vehicle Channel.

Based on Product type, the market is segmented into Dry and Wet.

Based on Vehicle Channel, the market is segmented into Passenger and Commercial.

Global Dual Clutch Transmission Market: Key Developments

In July 2021, Tata Motors is Limited is an Indian multinational automotive manufacturing company launched Tata Altroz automatic Turbo-Petrol equipped with Dual Clutch Transmission. Altroz is using a Schaeffler gearbox.  

In April 2021, Hyundai Motor Company, often abbreviated to Hyundai Motors and commonly known as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. America stated that it is going launch Kona N SUV equipped with Dual-Clutch Transmission. This car will have eight-speed wet-type dual-clutch transmission providing high-performance.

In addition to this, In April 2020, Hyundai Motor Company often abbreviated to Hyundai Motors and commonly known as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea.  launched Veloster N equipped with 8-speed wet dual-clutch transmission (N DCT)

Global Dual Clutch Transmission Market: Key Companies Insights

Global Dual Clutch Transmission Market is highly competitive, owing to rising launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the Global Dual Clutch Transmission Market are BorgWarner Inc., AVL, Punch Powertrain, Magna International Inc., Eaton Corporation, Getrag Inc., Ricardo plc, Continental AG, ZF Friedrichshafen AG, Schaeffler AG, and Fiat Powertrain Technologies.

*Definition: An automated manual transmission for automobiles known as a dual-clutch transmission (DCT), also known as a double-clutch transmission, utilizes two distinct clutches for odd and even gear sets. It operates entirely automatically and is closely related to manual transmission. In semi-automatic mode, however, many of those have the capability of allowing a driver to manually shift gears