May 26, 2020
According to the research report titled ‘Dual Clutch Transmission Market Size By Clutches, By Vehicle, By Transmission, By Distribution Channel, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, global dual clutch transmission market is presumed to expand significantly during the period of 2019-2026.
For the record, DCT (dual clutch transmission) systems are a hybrid between manual and automatic transmissions and operates by using two clutches to synchronize the change of gear. The two clutches operate through various in-built computers which help the driver in reducing the need to change gears manually.
Rising adoption of dual clutch transmission systems in performance boosting applications is a major factor fueling the market growth. The system helps in removing the occurrence of shift shock and allow drivers to choose between automatic and manual gear change. The system also helps to decrease the gap between gear shifts which further improves the performance and fuel economy.
As per the vehicle type, the commercial vehicle segment held 0.41% market share in 2018 and is expected to grow with a CAGR of 2.5% during 2019-2026. Advancements in dual-transmission technology has resulted in integration of DCT systems in commercial vehicles.
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Considering the geographical landscape, Latin America accounted for 4% market share in 2018 and is predicted to register a 4.5% growth rate between 2019 and 2026. Meanwhile, the Middle East dual clutch transmission industry is reckoned to witness a y-o-y growth rate of 4.1% through 2026.
The key participants of global dual clutch transmission industry are General Motors, Ford Motor Co., Kia Motors Corp., Volkswagen Group, Ricardo, FEV GmbH, Magneti Marelli S.p.A., Schaeffler Technologies AG & Co. KG, Gkn Automotive, Eaton, Punch Powertrain Nanjing, Valeo, Continental AG, BorggWarner Inc., Magna International Inc. and ZF Friedrichshafen AG among others.