Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Dual Clutch Transmission Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Vehicle Type (Passenger Cars and Commercial Vehicle), Propulsion (ICE and Hybrid), Vehicle Segment (A/B, C, D, E and Above, and SUV), and Forward Gears (6, 7, and 8 and Above)" report has been added to ResearchAndMarkets.com's offering.
The global dual clutch transmission market is expected to grow from US$ 12,576.10 million in 2021 to US$ 20,372.75 million by 2028; it is estimated to grow at a CAGR of 7.1% during 2021-2028.
A transmission system is considered one of the essential parts of any automobile, which is developing from manual to automated mechanism for boosting the fuel economy and power requirements of the vehicles. The significant advantages of dual clutch transmission (DCT) include less power loss, faster transmission, and greater fuel economy than other transmission types available in the market. The former technology is limited to be used in sports cars, race cars, and subsequently in passenger vehicles. The technology is subjected to robust research by established automakers to develop DCT systems such as DSG in Volkswagen and PDK from Porsche.
The increasing interest of consumers toward vehicle specifications and on-road performance is pushing the manufacturers to keep their vehicles interesting. Owing to the constant growth in consumer demand, coupled with a reduction in the cost of technology, the industry is witnessing an increasing penetration from sports cars to passenger vehicles. Furthermore, governments across different regions are increasingly focusing on integrating fuel-efficient technologies into their vehicles so that they can meet tight climate deadlines and obligations. The presence of major manufacturers also contributes to the increasing product demand.
The automotive dual clutch transmission market has been analyzed based on vehicle, propulsion, vehicle segment, forward gears, and country. Based on vehicle, the market is segmented into passenger cars and commercial vehicles. In terms of propulsion, the market is segmented into internal combustion engine (ICE) and hybrid. Based on vehicle segment, the market is segmented into A/B, C, D, E and above, and SUV. Based on forward gears, the market is segmented into 6, 7, and 8 and above. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the global market.
North America is expected to hold a significant share of the market, owing to the region's government policies for its automotive sector, coupled with one of the largest transportation infrastructures across the world. As per the International Organization of Motor Vehicle Manufacturers (OICA), the US is the largest manufacturer of commercial vehicles worldwide. In 2020, the country manufactured 8,156,769 units of new commercial vehicles. Further, the commercial vehicle transmission system in APAC is expected to grow at a notable rate as the region is witnessing rapid industrialization and urbanization, causing infrastructure development and rising demand for commercial vehicles.
As per the OICA report, China is the second-largest country in the world to manufacture commercial vehicles. In 2020, the country manufactured 208,747 new commercial vehicles and is expected to dominate the market in the coming years. The market growth in Europe is attributed to the significant use of dual clutch transmission in the automobile industry. Also, the MEA and SAM are contributing significantly to the global dual clutch transmission market growth.
The major players operating in the global dual clutch transmission market include Magna International Inc., Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Daimler AG, Volkswagen Group, ZF Friedrichshafen AG, OC Oerlikon Management AG, Ricardo plc, Renault Group, and Hyundai Transys.
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Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Dual Clutch Transmissions Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing Sales of SUVs Worldwide
5.1.2 Increasing Concerns About Fuel Economy and CO2 Emission
5.2 Key Market Restraints
5.2.1 Growing Adoption of Electric Vehicles and its High Costs
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Hybrids and DCTS in HCVs
5.4 Future Trends
5.4.1 Mounting Demand of Class A/B Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Dual Clutch Transmissions Market - Global Analysis
6.1 Dual Clutch Transmissions Market Global Overview
6.2 Market Positioning - Five Key Players
7. Dual Clutch Transmissions Market Analysis - By Vehicle Type
7.1 Overview
7.2 Dual Clutch Transmissions Market Revenue Breakdown, By Vehicle Type, 2020 & 2028
7.3 Passenger Cars
7.3.1 Overview
7.3.2 Passenger Cars: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
7.4 Commercial Vehicle
7.4.1 Overview
7.4.2 Commercial Vehicle: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
8. Dual Clutch Transmission Market Analysis - By Propulsion Type
8.1 Overview
8.2 Dual Clutch Transmissions Market Breakdown, By Propulsion Type, 2020 & 2028
8.3 Internal Combustion Engine (ICE)
8.3.1 Overview
8.3.2 Internal Combustion Engine (ICE): Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
8.4 Hybrid
8.4.1 Overview
8.4.2 Hybrid: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9. Dual Clutch Transmission Market Analysis - By Vehicle Segment
9.1 Overview
9.2 Dual Clutch Transmissions Market Breakdown, By Vehicle Segment, 2020 & 2028
9.3 A/B
9.3.1 Overview
9.3.2 A/B: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.4 C
9.4.1 Overview
9.4.2 C: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.5 D
9.5.1 Overview
9.5.2 D: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.6 E and Above
9.6.1 Overview
9.6.2 E and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.7 SUV
9.7.1 Overview
9.7.2 SUV: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10. Dual Clutch Transmission Market Analysis - By Forward Gear
10.1 Overview
10.2 Dual Clutch Transmissions Market Breakdown, By Forward Gear, 2020 & 2028
10.3 6 and Below
10.3.1 Overview
10.3.2 6 and Below: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10.4 7
10.4.1 Overview
10.4.2 7: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10.5 8 and Above
10.5.1 Overview
10.5.2 8 and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
11. Dual Clutch Transmission Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Global Dual Clutch Transmission Market
12.1 Overview
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 MEA: Impact Assessment of COVID-19 Pandemic
12.1.5 SAM: Impact Assessment of COVID-19 Pandemic
13. Global Dual Clutch Transmission Market-Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. Company Profiles
14.1 Magna International Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Schaeffler Technologies AG & Co. KG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 BorgWarner Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Daimler AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Volkswagen AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 ZF Friedrichshafen AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 OC Oerlikon Management AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Ricardo
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Renault Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Hyundai Transys
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
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