The primary objective of the report is to offer updates and market opportunities in the global automotive dual clutch transmission market. The installation rate of dual clutch transmission is now increasing at considerable pace in passenger cars across the globe.
Albany, NY -- (SBWIRE) -- 01/18/2016 -- Global Dual Clutch Transmission Market Overview
Global Dual Clutch Transmission market is projected to reach US$ 15,356 Million by 2020 at an estimated CAGR of 11.2% during the forecast period. Dual clutch transmission is available in the market with various names such as direct shift gearbox, twin clutch and double clutch. A dual clutch transmission system has unique features such as it houses two separate gear boxes which keep engines in engaged mode all the time. This leads to relatively low power losses when compared with other conventional gear boxes. These gearboxes come with different modes of operation available for customers such as manual and automatic.
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Product Type Overview
On the basis of product type, the global DCT market is segmented as dry clutch and wet clutch. Dry clutch contributed to around 55.2% of market revenue in 2014. Dry clutch was the segment in global dual clutch transmission market in 2014, and is anticipated to continue its dominance through 2020. Wet clutch, the other product type segment of global DCT market, is expected to register a CAGR of 9.3% during the forecast period. The report finds that the largest product type segment dry clutch is anticipated to register the fastest CAGR of 12.7% during the forecast period.
Vehicle Type Overview
Dual clutch transmission technology is used in passenger cars and commercial vehicles. Passenger vehicle segment is projected to register a CAGR of 11.7% during the forecast period. Due to stringent government regulations related to Carbon emissions in regions such as Western Europe, Eastern Europe, Japan, Asia Pacific and increase in vehicle production, the passenger vehicle segment is projected to register significant growth during the forecast period. Commercial vehicle segment is projected to register a CAGR of 10.3% during the forecast period. The penetration of DCT is projected to increase during the forecast period on account of the government regulations.
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Region-wise, Western Europe is the largest contributor in the global dual clutch transmission market, and is expected to continue its dominance till 2020. In 2014, the Western Europe DCT market was valued at US$ 3,105.5 Million and is expected to reach US$ 5,391.1 Million by 2020. Asia Pacific and North America are other major markets, which collectively contributed around 48%, to the global DCT market revenue in 2014. Middle East & Africa accounted for the lowest contribution in terms of revenue in 2014, but is expected to register a significant growth at a CAGR of 7.7% over the forecast period.
Drivers and Trends
Growth in the automobile industry, increase in fuel cost, changing consumer preferences and stringent environmental regulations are expected to boost the global dual clutch transmission market. Currently, penetration of DCT technology in the global transmission market stands at 5.5%. Although DCT technology has less penetration as compared to other technologies such as manual and automatic, automotive OEMs are integrating the DCT technology as a differentiating factor for vehicles. Automotive OEMs and suppliers of DCT technology are launching compact, fast and fuel efficient technology to have an edge in the market.
The report profiles the key strategies and financial outlook of ZF Friedrichshafen AG, Getrag KG, BorgWarner Inc., Eaton and Continental AG. In coming years, due to high production of automotive, Asia Pacific is expected to register a fastest CAGR in the global DCT market during forecast period.
Global Dual Clutch Transmission Market Value (US$ Million) and Y-o-Y Growth Forecast, 2013-2020.
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