Press release
Dual Clutch Transmission: A Leading Driver Behind The Surge In Luxury Vehicle Sales Boosts DCT Market Prospects Market Expansion in 2025
Dual Clutch Transmission Market
What Will the Dual Clutch Transmission Industry Market Size Be by 2025?
Recent years have seen a robust expansion in the size of the dual clutch transmission market. It is projected to inflate from $30.68 billion in 2024 to $32.72 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. The surge during the historical period is ascribed to enhanced performance, fuel efficiency mandates, the emergence of automated manual transmissions, its escalating popularity in premium vehicles, and a heightened consumer preference for automatic transmissions.
What's the Long-Term Growth Forecast for the Dual Clutch Transmission Market Size Through 2029?
The market for dual clutch transmissions is forecasted to experience a robust increase in the coming years, escalating to a value of $42.75 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the anticipated growth in the forecast period encompass the incorporation of hybrid and electric vehicles, a worldwide call for more fuel-efficient solutions, the effects of urbanization and traffic circumstances, a broadening market in the Asia-Pacific region, and the evolution in transmission materials. Dominant trends projected for the duration include the rise of autonomous driving technologies, innovations in transmission technology, the advent of compact and lightweight designs, improved durability and reliability, and amplified fusion with hybrid systems.
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What Are the Key Growth Drivers Fueling the Dual Clutch Transmission Market Expansion?
The dual-clutch transmission market is poised for growth, bolstered by the increasing demand for luxury vehicles. These high-end vehicles are renowned for their superior interior quality and features that are absent in cheaper models. Providing faster gear shifts than a manual transmission and better fuel economy, dual-clutch transmissions are a preferred choice. As an example, Tesla Inc., a US-based car manufacturer, reported to USA Today, in April 2022, a delivery of 310,000 vehicles in Q1 2022, marking a significant increase of nearly 68% compared to the 185,000 vehicles produced in the same period in 2021. This surge in luxury car demand is thus fueling the expansion of the dual-clutch transmission market.
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What Are the Key Trends Driving Dual Clutch Transmission Market Growth?
The rise of product innovation stands out as a primary trend in the dual-clutch transmission market. Key players in this field are focused on creating inventive products in order to remain competitive. Notably, in March 2022, the Belgium-based automotive component manufacturer, Punch Powertrain, introduced a revolutionary dual-clutch transmission (DCT) system named DT11. The new system ensures reliable performance and heightens the driving experience even in extremely demanding conditions, such as ultra-high ambient temperatures, significant altitudes, and challenging driving scenarios like bumpy terrains and congested traffic.
How Is the Dual Clutch Transmission Market Segmented?
The dual clutch transmission market covered in this report is segmented -
1) By Product: Dry, Wet
2) By Propulsion: ICE (Internal Combustion Engine), Hybrid
3) By Distribution Channel: OEM (Original Equipment Manufacturer), After market
4) By Application: Passenger Car, Heavy Commercial Vehicles, Light Commercial Vehicles, Motorsport Cars
Subsegments:
1) By Dry: Single Dry Clutch Systems, Dual Dry Clutch Systems
2) By Wet: Single Wet Clutch Systems, Dual Wet Clutch Systems
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Which Companies Are Leading the Charge in Dual Clutch Transmission Market Innovation?
Major companies operating in the dual clutch transmission market include Volkswagen AG, General Motors Company, BMW AG, Honda Motor Co Ltd., Hyundai Motor Company, Nissan Motor Co. Ltd., Audi AG, Kia Corporation, ZF Friedrichshafen AG, AB Volvo, Continental AG, Porsche AG, Magna International Inc, Aisin Seiki Co., Eaton Corporation, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., GKN Automotive Limited, Aston Martin Lagonda Global Holdings PLC, Ricardo PLC, Tremec Corporation, Punch Powertrain NV, Getrag Inc, JATCO Ltd.
Which Regions Are Leading the Global Dual Clutch Transmission Market in Revenue?
Asia-Pacific was the largest region in the dual-clutch transmission market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the dual clutch transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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