The global dual clutch transmission market is anticipated to grow at a significant CAGR of 5.1 % during the forecast 2021-2027. Rising awareness of low carbon footprint technologies is expected to grow the dual clutch transmission market. Dual clutch transmission systems are effectively improving driver’s experience and are effective for people who are living in congested and unfavorable tracks. Government across the countries is pushing manufacturers to develop fuel-efficient dual clutches. Additionally, the Government in different countries are taking initiatives and focusing on integrating fuel-efficient technologies into their vehicles to meet climate deadlines and obligations. For instance, in November 2021, the UK Government collaborated with International Energy Agency (IEA) catering to develop automotive products that are more energy efficient to prevent environmental degration. Due to increasing public awareness of environmental issues, the supplier invests in greening efforts to provide raw materials for fuel-efficient cars. Moreover, the car manufacturer improves the level of fuel-efficient technology and the greening efforts of the supplier are increased. Additionally, the amount of fuel consumption in the internal market is reduced and the fuel manufacturer can export more fuel to the external market.
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The COVID-19 pandemic has affected several industries including automotive amog others across the globe. The pandemic created disruptions in industries such as semiconductors, consumer electronics, travel, and others. In 2020, the unpredicted pandemic caused a major loss of progress in dual clutch transmission due to declined automotive sales and halted production of automotive parts across the globe. After 2020, with gradual relaxations in rules and relations regarding lockdown, the dual clutch transmission market slowly started inkling the sales.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Dual Clutch Transmission Market Report Segment
By Clutches
- Dry
- Wet
By Transmission
- Internal Combustion Engine (ICE)
- Hybrid
By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Sports Car
By Distribution Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Global Dual Clutch Transmission Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global dual clutch transmission market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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