According to Future Market Insights (FMI), an ESOMAR-certified consulting firm, the worldwide dual-clutch transmission market will grow at a steady 6% CAGR from 2021 through 2031. In 2021, this market is anticipated to be worth $24 billion.
The global dual-clutch transmission industry is being driven by a growth in demand for passenger automobiles that give effective driving control and fuel economy. Increased adoption of hybrid vehicles will boost market sales even more, bringing the total market size to 7.2 percent.
The market will be driven by sales of small and medium-sized passenger automobiles, which are becoming increasingly popular. In recent years, the integration of dual-clutch transmission systems in small vehicles has gotten a lot of attention, resulting in a 6.3 percent year-over-year growth rate in the DCT market in 2020-2021.
The market is growing due to the rapid expansion of the automobile sector, as well as increased research and development for product innovation in countries such as the United Kingdom, the United States, and Germany.
FMI’s Dual Clutch Transmission Market Research Highlights
- Over the next decade, passenger automobiles will be the dominant mode of transportation.
- Dry clutches will be the most popular product category.
- Due to rising demand for passenger automobiles, China will emerge as the most profitable market.
- Germany will continue to grow steadily, owing to increased research and development in the field of dual clutch transmissions.
- Customers’ desire for hybrid small and medium-sized passenger automobiles is expanding in India, resulting in significant demand.
- As new advancements in the dual clutch transmission industry increase, the market in the United States is predicted to rise steadily.
Competitive Environment
ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline, and Continental are among the key competitors in the industry evaluated by FMI.