Dual Clutch Transmission Market to Benefit from Fast paced Technological Advancements During the Forecast Period

Surging adoption of automated technologies in vehicle transmission may fuel dual-clutch transmissions (DCT) market growth. Increasing emphasis towards offering enhanced driving experience to car owners has led to the development and incorporation of advanced vehicular features. To improve passenger comfort, automakers are developing vehicles with automated gear shifting technology.

Dual-clutch transmission is one such technology that effectively utilizes engine power and improves transmission efficiency. With automakers developing next-generation drivetrains, including hybrid vehicles equipped with DCTs, the dual-clutch transmission market is poised to record lucrative growth in the years to come. A study conducted by Global Market Insights Inc. also predicts that the global dual-clutch transmission market may exceed USD 50 billion by 2026.

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It is vital to mention that major companies operating in this industry are undertaking several organic and inorganic growth strategies to strengthen their business presence across the globe. Industry players have aligned their focus on developing advanced cost-effective products.

Notably, ZF Friedrichshafen AG, Magna International Inc., Continental AG, BorgWarner Inc., Punch Powertrain Nanjing, and Eaton are the companies currently at the forefront of dual-clutch transmission industry.

Listed below are some of the ongoing trends that may fuel global dual-clutch transmission market:

Advent of advanced sport vehicles 

Technology plays a pivotal role in developing cutting-edge sports vehicles. Ongoing technological advancements in the dual-clutch transmissions may drive the sales of sports cars in the future. Customers worldwide are opting for sports cars for taking part in racing competitions.

To cope up with surging customer demand for such vehicles, industry players are rolling out advanced sport vehicles that are equipped with efficient gear transmission technology. For instance, in Oct. 2019, Chevrolet announced the launch of the 2020 Corvette Convertible equipped with eight-speed dual-clutch transmission. Development of such advanced sports vehicles may fuel the demand for dual-clutch market growth.

Stringent emission norms across North America 

North America is expected to offer prominent growth opportunities to companies operating in the dual-clutch transmitting market. Surging awareness regarding vehicular emissions may accelerate regional DCT market size. Manufacturers have aligned their focus towards automotive technologies like dual-clutch transmissions that aid in decreasing carbon emissions.

Government authorities across North America are also imposing regulations on OEMs to control harmful vehicular emissions. For instance, regulatory organizations including Environment Canada and the U.S EPA enact multiple amendments & programs regarding vehicle emission to decrease greenhouse gas emissions.

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Accentuating demand for wet DCT

The wet dual-clutch transmission market is expected to register significant growth due to surging installation of DCTs for enabling rapid gear shifts. The use of wet clutch facilitates rapid gear transmission at high acceleration speed. Increased focus of OEMs to develop cutting edge vehicles is fueling the demand for wet DCTs.

Studies suggest that OEMs hold a significant share in dual-clutch transmission market. These firms have aligned their focus towards integrating advanced products in vehicles to aid efficient gear transmission and driving comfort. Citing an instance to highlight the same, Hyundai, in April 2019, launched a subcompact SUV dubbed Venue which was equipped with dual-clutch transmission. Initiatives like these could significantly drive the growth trajectory of dual-clutch transmission market over the forecast period.

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