Dual Clutch Transmission (DCT) also referred to as twin-clutch transmission is a hybrid of manual and automotive transmission. DCT is more resemblance to manual transmission though it uses two clutches to synchronize the gear change. These transmissions eliminate the need for the driver to manually change gears, as the entire process is automated. The major difference between DCT and automatic transmission is that it operates odd and even gear numbers individually thereby preventing the engine from being disengaged from interrupted power flow whenever gear’s changed. Moreover, unlike conventional automotive transmission, DCT does not use a torque converter. DCT is typically used to satisfy strict emission norms, for fuel efficiency and enhanced performance.
Global Dual Clutch Transmission is estimated to be valued at US$ 29.03 Bn by 2030.
Global Dual Clutch Transmission Market: Drivers
Constant changing preferences of customers for automobile to boost the market
Constantly changing consumer preferences are expected to boost the global dual clutch transmission market growth during the forecast period. Generally, consumers prefer vehicles with high-performance, comfortable driving experience, ease of operation, and fuel efficiency. These are the major factors fueling the demand for dual clutch transmission worldwide. Furthermore, DCTs provide drivers to enhance driving experience by facilitating smooth fear shifting and enhanced acceleration. In March 2023, Lamborghini revealed drivetrain details for its upcoming plug-in hybrid V-12 flagship Dual Clutch Tranmission, giving us an idea of what to expect under the skin of the Aventador's 1001-hp successor, codenamed LB744.
Global Dual Clutch Transmission Market: Opportunities
Global economic revival is expected to present lucrative growth opportunities
Global economic revival is expected to present lucrative growth opportunities. According to the data published by World Economic Outlook (WEO), the global economy is currently improving and the economic scenario is projected to improve further in the two years, with developed economies holding the dominant position in the market. According to the same source, inflation is expected to remain in control from 2014 to 2020.
Global Dual Clutch Transmission Market: Restraints
Lack of awareness among customers about DCT technology
Lack of awareness regarding benefits of DCT technology is expected to restrain growth of the global dual clutch transmission market over the forecast period. Low technical awareness among consumers regarding DCT technology is the major factor restricting growth of the market. As a result of this, DCT technology will not be able to surpass other transmission technologies such as manual or automatic transmission in the near future. According to Coherent Market Insights’ analysis, the global penetration of DCT is around 5% as compared to 50.3% and 32.6% for MT and automatic.
Market Trends
North America Trends
In North America, drivers prefer traditional automatic transmission over any other type of transmission technology. Currently, consumers in North America prefer CVT transmission technology over DCT transmission technology. Increase in penetration of DCT technology in the regional automotive industry is challenging due to biased consumer preference. Moreover, automotive are integrating automatic transmission technology for light duty vehicles, and manual transmission has lesser contribution in light vehicle segment.
Europe Trends
In Eastern Europe, automotive OEMs are focused on manufacturing enhanced DCTs, in order to meet strict carbon emission policies. Moreover, automotive OEMs are investing in research and development activities, in order to innovate DCT technology. This trend is expected to continue during the forecast period.
Global Dual Clutch Transmission Market- Impact of Coronavirus (Covid-19) Pandemic
Due to Covid-19 pandemic, many industries witnessed significant shift in their business. There has been significant negative impact on global human machine interface market, as Chinese automotive industries rapidly closed their business to reduce the spread of COVID-19 pandemic. Furthermore, this trend continued in Europe and North America region, and factories in this regions were temporary closed due COVID-19. In pre-crisis time, automotive industry witnessed significant drop in their sale. For instance, according to the Coherent Market Insights analysis, in 2022, China registered drops in automotive sales that negatively impacted the human machine interface market in Asia Pacific.
Global Dual Clutch Transmission Market: Competitive Landscape
Key players operating 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.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dual-clutch-transmission-market-4673
Key Takeaways:
Global market was valued at US$ 17.2Bn 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: Recent Developments
In November 2020, Great Wall Motors Company, a Chinese auto manufacturer launched transverse 9-speed wet-type dual clutch transmission. Its fuel consumption is about 70% less compared to 7DCT.
