According to the report titled ‘Dual Clutch Transmission (DCT) Market Size By Clutches (Dry, Wet), By Vehicle (Passenger Car, Commercial Vehicle, Sports Car), By Transmission (ICE, Hybrid), By Distribution Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, dual clutch transmission (DCT) market is anticipated to witness a stellar growth during 2021-2027.
 

As per the report, growing focus on improving fuel efficiency of automobiles, government rules to minimize environmental impact of vehicles, coupled with increase in efforts to enhance fuel economy are the factors boosting the growth of global dual clutch transmission (DCT) market.
 

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For the uninitiated, dual clutch transmission refers to a vehicle transmission system which includes two clutches and provides convenience of automatic transmission and efficiency of manual transmission. This system offers swifter gear change, coupled with greater fuel economy.
 

The report cites that well-known automakers are integrating dual clutch transmission system in their vehicles. In fact, in April 2021, Hyundai Motors Co. announced that its first high performance SUV i.e. the Kona N SUV will be accoutered with 8-speed wet-type dual clutch transmission. Hence, similar initiatives and product launches by players will stimulate the industry outlook.
 

On the contrary, growing popularity of electric vehicles, and inefficiency of dry clutches to sustain high torque are the factors impeding the growth of the industry.
 

By clutches type, dual clutch transmission (DCT) market is bifurcated into dry, and wet. Based on vehicle terrain, the segmentation includes commercial vehicle, passenger cars, and sports car. Moving on to the classification by transmission, which consist of ICE, and hybrid, whereas by distribution channel the market is divided into OEM, and aftermarket.
 

On the geographical front, Latin America market is expected to register 5% CAGR during the forecast timeline, due to strict government rules to keep check on vehicle emission, and boosting demand for hybrid vehicles.
 

Meanwhile, the market in MEA is anticipated to record 3% CAGR during 2021-2027, owing to the increasing sales graph of luxury cars equipped with DCT.
 

The competitive hierarchy of global dual clutch transmission (DCT) market is defined by companies like Punch Powertrain Nanjing Co. Ltd., Schaeffler Technologies AG & Co. KG, Magna International Inc., General Motors Company, Kia Motors Corporation, ZF Friedrichshafen AG, Ricardo plc, Ford Motor Company, Valeo, Volkswagen AG, Magneti Marelli S.p.A, Eaton Corporation plc, Continental AG, FEV Europe GmbH, GKN Automotive, and BorgWarner Inc.