The dual clutch transmission market is expected to be driven by various benefits such as increased performance and driving experience. Transmission system is an essential part for any automobile, which is evolving from manual to automated mechanism for improving fuel economy and power requirements. Increasing number of automobiles globally is expected to be the key growth factor for the dual clutch transmission market over the forecast period.
Increasing awareness for low carbon footprint technologies is also expected to fuel market growth over the next six years. High cost and lack of awareness may restrain market growth over the forecast period. Additionally, increasing demand for electric vehicles and low penetration of dual clutch transmission systems in high volume markets is also expected hinder market growth over the next six years. Rising demand for hybrid vehicles may provide new growth opportunities.
The dual clutch transmission market can be segmented on the basis of vehicle type and lubrication system. Wet and dry are the two types of lubrication system used in dual clutch transmission technology. Wet dual clutch technology is majorly used in higher automobile segment for enhanced performance. Dry dual clutch technology is used in lower automobile segments and is expected to considerably grow over the forecast period owing to its economical benefits and low maintenance. Vehicle type consists of passenger cars, heavy commercial vehicles (HCV) and light commercial vehicles (LVC).
Europe is estimated to be the key regional segment over the forecast period. Asia Pacific being the largest automobile manufacturer is expected to grow at a considerable rate over the next six years. India, China and Japan are expected to be the key growth countries owing to rising population and improving regulatory standards.
Few key participants in the dual clutch transmission market are as Aisin Seiki Co., ZF Friedrichshafen AG, Getrag Corporate Group, Jatco Ltd., Magna International Inc., Continental AG and Allison Transmission.
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