Dual-clutch Transmission Market : Recent Industry Developments and Growth Strategies Adopted by Players

Adoption of dual-clutch transmissions (DCT), once heralded as the future of transmission technology, is weaning off significantly in North America and Western Europe. However, DCT is expected to gain traction in emerging countries of Asia Pacific where higher fuel economy and ease of driving on congested roads continue to influence buying decisions.

While the North America and Western Europe dual-clutch transmission market is anticipated to increase at single-digit compound annual growth rates (CAGR), market revenues in APAC are forecasted to increase at a staggering 16.14% CAGR through 2020.

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Manual- and automatic-transmissions are the most widely used transmission technologies in automotives globally, followed by continuously variable transmission (CVT), dual-clutch transmission, EV, and AMT. In 2014, 8461 thousand units came equipped with CVT vis-à-vis 4,765 thousand DCT units. However, owing to higher adoption in China, the largest market for automotives, growth rate of DCT will be higher than CVT.

The two broad categories of dual-clutch transmissions are dry clutch and wet clutch. While the former is used in low-torque applications, the latter mainly finds its applications in diesel engines. Commercial vehicles with large displacement engines also use wet clutch technology.

Nearly 3,755 thousand units of dry clutch transmission are expected to be sold in 2016, compared to 2,675 thousand units of wet clutch transmissions. High cost of wet clutch transmissions and their limited application in passenger vehicles will mean higher adoption of dry clutch in automotive transmission in 2016 and beyond.

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Regionally, the big 3 – Western Europe, APAC, and North America – collectively account for over 85% revenue share of the global dual-clutch transmission market. However, through 2020, both Western Europe and North America will continue to lose market share to APAC.

The Asia Pacific dual-clutch transmission market is anticipated to witness an increase of 930 BPS during the forecast period 2014-2020. In terms of volume, APAC DCT market is expected to grow at an explosive 20.2% CAGR during the forecast period 2014-2020.

Leading players in the dual-clutch transmission market, including BorgWarner Inc., Getrag, ZF Friedrichshafen, Continental, Eaton Corporation are focusing on boosting production in Asia Pacific to cater to the growing demand for DCTs.

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