Emphasis on Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle); Clutch Type (Wet Clutch and Dry Clutch); Transmission (ICE and Hybrid) and Region/Country
The automotive dual clutch transmission system market was valued at USD 30 Billion and is expected to grow at a strong CAGR of around 6% during the forecast period (2022-2028) owing to increasing demand for fuel-efficient high-performance vehicles. The growing trend of automation and advanced driver assistance systems (ADAS) has also driven the adoption of DCT systems in passenger vehicles -One of the major drivers of the market is the increasing demand for fuel-efficient vehicles. Compared to conventional manual transmissions, DCT systems are known to offer better fuel efficiency, which is a major advantage in the market. In addition, the growing popularity of electric vehicles (EVs) and hybrids is also driving the adoption of DCT systems, as they offer a more efficient and convenient driving experience.
Another driver for the DCT system market is the increasing demand for high-performance vehicles. DCT systems offer faster acceleration and smoother shifting compared to manual transmissions, which is a major advantage for sports cars and other high-performance vehicles are also growing in popularity in the commercial vehicle segment, as they drive better fuel efficiency compared to traditional manual transmissions. In addition to providing comfort, the growing trend in automation and ADAS has spurred the adoption of DCT systems in passenger vehicles. The DCT system is integrated with advanced driving features such as electronic stability control, traction control and anti-lock braking system to improve vehicle safety and performance.
For instance, in June 2019, Vivint Automotive Dual Clutch Transmission System announced the launch of a Summer of Automotive Dual Clutch Transmission System Sweepstakes. Vivint will give away a automotive dual clutch transmission system system per week during the sweepstakes, and one lucky winner will receive a grand prize of USD 50,000, plus an ultimate automotive dual clutch transmission system package and four years of security service.
Some of the major players operating in the market EATON Corporation, GETRAG, ZF Friedrichshafen AG, Schaeffler AG, AVL, FPT Industrial S.p.A., AISIN CORPORATION, Continental AG, Magna International, and BorgWarner Inc.along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst clutch type, the wet clutch segment has significant growth “
By clutch type, the market is bifurcated into the dry clutch and wet clutch. Amongst these, the wet clutch segment of the automotive dual clutch transmission (DCT) system market has a significant growth rate due to their cost-effectiveness and ease of maintenance Wet clutches are widely used in the low-cost segment of the automotive market, where cost optimization is a major factor. Compared to dry clutches, wet clutches are relatively simple to design and manufacture, making them easy to manufacture and assemble. In addition, wet clutches are well suited for applications that require high levels of torque and power, such as heavy-duty commercial vehicles and off-road vehicles and wet clutches transfer power smoothly and efficiently even under heavy loads.
Automotive Dual Clutch Transmission System Market Report Coverage
“Amongst transmission, the hybrid segment of the automotive dual-clutch transmission (DCT) system market has tremendous growth.”
On the basis of transmission, the market is segmented into ICE and Hybrid. Among these, the hybrid segment of the automotive dual-clutch transmission (DCT) system market has tremendous growth due to its ability to improve fuel efficiency and reduce emissions in hybrid electric vehicles. The DCT system is best suited for hybrid electric vehicles because conventional manual or compared to automatic transmissions, they will provide an efficient and effective driving experience. In hybrid vehicles, DCT systems benefit from both manual and automated operations. The driver is made as comfortable as an automatic transmission, but manual gear changes are also allowed for sportier driving experiences. This makes DCT systems popular for hybrid electric vehicles, where fuel efficiency and performance are key considerations.
“Asia-Pacific is expected to grow at the highest CAGR during the forecasted period.”
The Asia-Pacific region is expected to grow at the highest CAGR in the automotive dual-clutch transmission (DCT) system market during the forecast period owing to the rising demand for high-performance and fuel-efficient vehicles, government initiatives and regulations, luxury premium vehicles Increasing demand, advanced technology and cost-effectiveness, and increasing demand for automation. Demand for DCTs in the region could be driven by the increasing adoption of hybrid electric vehicles, which are becoming increasingly popular due to their environmental benefits and improved performance besides increasing demand for luxury premium vehicles, advanced technology and cost-effectiveness of DCTs, as well as automation. The increasing demand is also expected to contribute to the growth of the DCT system market in the Asia-Pacific region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Automotive Dual Clutch Transmission System Market Covid-19 Impact
6. Global Automotive Dual Clutch Transmission System Market Revenue, 2020-2028f
7. Market Insights By Vehicle Type
8. Market Insights By Clutch Type
9. Market Insights By Transmission
10. Market Insights By Region
11. Automotive Dual Clutch Transmission System Market Dynamics
12. Automotive Dual Clutch Transmission System Market Opportunities
13. Automotive Dual Clutch Transmission System Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Pricing Analysis
17. Strategic Insights
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Research Methodology for the Automotive Dual Clutch Transmission System Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive dual clutch transmission system market were the three major steps undertaken to create and analyze the adoption of automotive dual clutch transmission system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive dual clutch transmission system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive dual clutch transmission system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive dual clutch transmission system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as vehicle type, clutch type, and transmission. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive dual clutch transmission system market. Further, we conducted factor analysis using dependent and independent variables such as product, technology, and end-users of the automotive dual clutch transmission system market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive dual clutch transmission system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive dual clutch transmission system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive dual clutch transmission system market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the vehicle type, clutch type, and transmission in the global automotive dual clutch transmission system market.
The main objective of the Global Automotive Dual Clutch Transmission System Market Study
The current & future market trends of the global automotive dual clutch transmission system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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