North America Dual Clutch Transmissions Market Advancements with 8.3% of CAGR by 2028 – Daimler AG, Volkswagen AG, ZF Friedrichshafen AG

The North America dual clutch transmission market is expected to reach US$ 4,738.70 million by 2028 from an estimated value of US$ 2,711.65 million in 2021; it is likely to grow at a CAGR of 8.3% from 2021 to 2028.

A transmission system is considered as one of the most essential parts of any automobile, which is developing from manual to the automated mechanism for boosting the fuel economy and power requirements of the vehicles. The major advantages of dual clutch transmission (DCTs) include lower power loss, faster transmission, and greater fuel economy, compared to 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.

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Growing sales of SUVs worldwide and increasing concerns about fuel economy and CO2 emission are driving the market. However, the increasing adoption of electric vehicles and their high costs may hamper the growth of the North America dual clutch transmission market during the forecast period.

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Major Key players covered in this report:

Magna International Inc.
Schaeffler Technologies AG & Co. KG
BorgWarner Inc.
Daimler AG
Volkswagen AG
ZF Friedrichshafen AG
OC Oerlikon Management AG
Ricardo
Renault Group
Hyundai Transys

NORTH AMERICA DUAL CLUTCH TRANSMISSION MARKET SEGMENTATION

By Vehicle Type

Passenger Car
Commercial Vehicle

By Propulsion Type

Internal Combustion Engine (ICE)
Hybrid

By Vehicle Segment

A/B
C
D
E and Above
SUV

By Forward Gears

6 and Below
7
8 and Above

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The demand for dual clutch transmission is increasing at a prime rate for SUVs. The rising demand for SUVs globally is boosting the growth of the dual clutch transmission market. The popularity of SUVs continues to grow in almost every market in the world. As the global marketplace declines following trade tensions and a slowdown in the Chinese market, car manufacturers look for new ways to expand their market. The shifting interest of customers from sedans or hatchbacks to SUVs started around seven years ago and is still growing strong. The increasing preference of consumers for SUVs is forcing vehicle manufacturers to focus on integrating advanced dual clutch transmission in vehicles.

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This release was published on openPR.