Global Dual Clutch Transmission Market Size 2024, Forecast To 2033
8 Mar, 2024
The dual clutch transmission market has seen strong growth, with its size expected to grow from $29 billion in 2023 to $31.12 billion in 2024, at a CAGR of 7.3%. This growth is attributed to hybrid vehicle integration and urbanization. Moving forward, the market is projected to expand to $40 billion by 2028, with a CAGR of 6.5%, driven by advancements in transmission technology and autonomous driving.
Global Dual Clutch Transmission Market Key Driver
The fuel-cell electric vehicle market thrives on the rise in the adoption of electric vehicles, illustrated by the International Energy Agency's data on doubling electric vehicle sales in 2021.
Get A Free Sample Of The Global Dual Clutch Transmission Market ReportGlobal Dual Clutch Transmission Market Segments
The dual clutch transmission market covered in this report is segmented –
1) Product:Dry, Wet
2) Propulsion:ICE (Internal Combustion Engine), Hybrid
3) Distribution Channel:OEM (Original Equipment Manufacturer), Aftermarket
4) Application:Passenger Car, Heavy Commercial Vehicles, Light Commercial Vehicles, Motorsport Cars
By Geography: The countries covered in the dual clutch transmission market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the dual-clutch transmission market in 2023. 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
Major Dual Clutch Transmission Industry Players
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; Allison Transmission Holdings Inc.; Aston Martin Lagonda Global Holdings PLC; Ricardo PLC; Tremec Corporation; Punch Powertrain NV; Getrag Inc; JATCO Ltd.
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Dual Clutch Transmission Market Overview
A dual-clutch transmission refers to a type of automotive transmission system that features a dual-clutch module and two input shafts and combines the features of both manual and automatic transmissions. It is designed to provide rapid gear shifting without sacrificing fuel efficiency or riding comfort.