PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269587
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269587
Global Automotive Dual Clutch Transmission (DCT) Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The Automotive Dual Clutch Transmission (DCT) also known as the semi-automatic transmission, the "clutchless" manual transmission and the automated manual transmission is a type of multi-speed vehicle transmission system, which uses two separate clutches for odd and even gear sets. Moreover, in DCT transmission, there are two independent shafts connected to each other. The even gears 2, 4, 6 are responsible by one shaft and the odd gears 1, 3, 5, and R are responsible by the other shaft. The increasing demand for automatic transmission (AT) gearboxes and growing expansion of automotive industry worldwide are key factors driving the market growth.
The increasing adoption of automatic transmission gearbox is contributing towards the growth of the Global Automotive Dual Clutch Transmission (DCT) Market. For instance - in 2019, the Chinese market for automatic transmission (AT) gearboxes for cars was estimated at USD 1.06 billion, which further increased to USD 1.19 billion in 2020, and further USD 1.32 billion in 2021. Additionally, the growing expansion of global automotive industry is another factor driving the market space. For instance - as per Statista - in 2021, the global automotive manufacturing market was valued at USD 2.86 trillion, and as per projections the market would grow to USD 2.95 trillion in 2022. Also, growing advancements in automotive gearbox technology and increasing adoption of sports cars would create lucrative growth prospectus for the market over the forecast period. However, the high initial and maintenance cost of Automotive Dual Clutch Transmission (DCT) stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automotive Dual Clutch Transmission (DCT) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for automatic vehicles as well as presence of leading automaker in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising adoption of automotive cars and increasing expansion of automotive manufacturing industry coupled with presence of leading regional market players in the region.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable