Europe Dual Clutch Transmission Market
No. of Pages: 159 | Report Code: TIPRE00025855 | Category: Automotive and Transportation
No. of Pages: 159 | Report Code: TIPRE00025855 | Category: Automotive and Transportation
A transmission system is considered as one of the most essential parts of any automobile, which is developing from manual to the automated mechanism for boosting the fuel economy and power requirements of the vehicles. The major advantages of dual clutch transmission (DCTs) include lower power loss, faster transmission, and greater fuel economy, compared to other transmission types available in the market. The former technology is limited to be used in sports cars, race cars, and subsequently in passenger vehicles. The technology is subjected to robust research by established automakers to develop DCT systems such as DSG in Volkswagen and PDK from Porsche.
Strategic insights for the Europe Dual Clutch Transmission provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,061.38 Million |
| Market Size by 2028 | US$ 5,728.82 Million |
| Global CAGR (2021 - 2028) | 9.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Vehicle Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Dual Clutch Transmission refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
A dual clutch transmission (DCT) combines the convenience of an automatic transmission with the fuel efficiency of a manual transmission. The 21st century has observed refinement in vehicle design in terms of problems relating to aerodynamics. The global scenario is not much different. Therefore, there is enormous scope for improving the aerodynamics of cars to conserve depleting oil reserves. Dual clutch transmissions (DCTs) refer to the double friction clutches; they are designed and operated fully automated in vehicles. Also, the auto industry has seen a perpetual increase in the level of global competition. The increase in the complexity of vehicle design and content has led to time-consuming and expensive development processes. The high cost and long gestation period imply a notable risk for the automakers.
On the contrary, technology will play an ever-increasing role in this global competition, requiring high-quality products that are safe to use and economical to design and manufacture. Furthermore, advanced techniques such as dual clutch transmission systems are used by automotive OEMs to minimize fuel consumption and CO2 emissions while preserving performance. The Environmental Protection Agency (EPA) and the Nationwide Highway Traffic Safety Administration (NHTSA) worked together to create a national program for greenhouse gas emissions (GHG) and fuel efficiency requirements for light-duty automobiles (passenger cars and trucks). Phase 1 covered model years 2012 to 2016, while Phase 2 covered model years 2017 to 2025. Moreover, the growth of CO2 restrictions continues to be the fundamental driver of automobile technology advancements. The need for greenhouse gas-neutral powertrains drives the development of electrified systems and the search for feasible options for alternative, low-carbon fuels. Also, dual-clutch transmission effectively boosts the driving experience as it improves acceleration and offers smooth gear shifting. Furthermore, the rising adoption of hybrid vehicles across the globe, coupled with the increasing integration of DCT, is creating attractive sales opportunities.
In Europe, France is the hardest-hit country due to the COVID-19 outbreak. The COVID-19 pandemic has led to a sudden fall in customer demand in multiple industries, severely affecting the European Union (EU) industries. At the same time, crises in multiple supply chains across various sectors occurred, including the automotive sector. Further, in April 2020, the new car registrations of major European markets had reached the lowest level since World War II. The crisis is mainly due to the low demand from the customer side. This has led to a slowdown in vehicle manufacturing. With the slowdown in the production of vehicles, the market demand for dual clutch transmission reduced significantly in 2020. However, in 2021, with the relaxation of lockdowns and the start of vaccination drives, the automotive manufacturing activities have started again, and the raw materials are easily available.
Based on vehicle type, the Europe dual clutch transmission market is segmented into passenger cars and commercial vehicle. The passenger car segment led the dual clutch transmission market in 2021, and the same segment is expected to account for a larger market share by 2021–2028.
In terms of propulsion, the Europe dual clutch transmission market is classified into internal combustion engine (ICE) and hybrid. In 2021, the ICE segment held a larger market share; however, the hybrid segment is expected to grow faster in the coming years.
Based on vehicle segment, the Europe dual clutch transmission market is classified into A/B, C, D, E and above, and SUV. The C segment led the highest share of the dual clutch transmission market in 2021, and the same segment is expected to account for the largest market share during the forecast period.
Based on forward gear, the Europe dual clutch transmission market is classified into 6 and below, 7, and 8 and above. The 7 segment led the dual clutch transmission market with the highest market share in 2021, and the same segment is expected to account for the largest share of the market during the forecast period.
The primary and secondary sources associated with this report on the Europe dual clutch transmission market include the National Automotive Supply Chain Association (ACMA), European Union (EU), and Environmental Protection Agency (EPA).
The Europe Dual Clutch Transmission Market is valued at US$ 3,061.38 Million in 2021, it is projected to reach US$ 5,728.82 Million by 2028.
As per our report Europe Dual Clutch Transmission Market, the market size is valued at US$ 3,061.38 Million in 2021, projecting it to reach US$ 5,728.82 Million by 2028. This translates to a CAGR of approximately 9.4% during the forecast period.
The Europe Dual Clutch Transmission Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Dual Clutch Transmission Market report:
The Europe Dual Clutch Transmission Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Dual Clutch Transmission Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Dual Clutch Transmission Market value chain can benefit from the information contained in a comprehensive market report.
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