LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive dual clutch transmission (DCT) system market size to grow to 10.89 million units by 2021, at a CAGR of close to 10% over the forecast period, according to their latest report.
The research study by Technavio on the global automotive dual clutch transmission system market for 2017-2021 provides a detailed industry analysis based on vehicle type (passenger cars and commercial vehicles) and geography (the Americas, EMEA, and APAC).
Automotive DCT system is a transmission system that comprises of two clutch systems, one controlling the even set of gears and the other the odd set. Passenger cars make up the dominant vehicle segment of this market, generating over 91% of the overall revenue.
Request a sample report: http://www.technavio.com/request-a-sample?report=56818
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio analysts highlight the following three factors that are contributing to the growth of the global automotive dual clutch transmission (DCT) system market:
- Superior fuel efficiency with compact and lightweight aluminum construction
- Increase in demand for AMT system
- Reduced gasoline prices
Superior fuel efficiency with compact and lightweight aluminum construction
“The automotive industry is always looking to increase the energy efficiency of vehicles, and one of the most effective ways to achieve this is by adopting lightweight components. Dual clutch transmission systems are widely adopted by automotive manufacturers as they are lightweight and optimize fuel injection technologies,” says Siddharth Jaiswal, one of the lead analysts at Technavio for automotive components research.
The leading automakers around the world have been developing and deploying more powerful transmission systems to improve the efficiency and reliability of their vehicles. Currently, the DCT systems manufactured by automakers use different levels of electromechanical actuation to achieve superior fuel efficiency, resulting in their increased adoption into vehicles.
Increase in demand for AMT system
Automatic manual transmission (AMT) systems are increasingly being demanded in the automotive industry by consumers of both the luxury and mid-level vehicle segments. AMT vehicles are easy to drive, which is greatly beneficial in the congested stop-and-go driving conditions found within cities. Swiftly developing nations like India and China in APAC are promising markets for this technology, where leading automakers like Mercedes-Benz, BMW, and Volkswagen have registered incremental growth in volume sales in these regions. The high-volume sales by these automakers in the region has led to the growth of global DCT systems.
Reduced gasoline prices
“The fall in gas and oil prices has had a huge positive impact on the consumer spending pattern in developed countries. The reduced gasoline prices greatly improved the adoption rates of DCT systems in the US and Western European countries, thereby driving market growth,” says Siddharth.
The reduced gasoline prices will also translate to a reduced cost of ownership, which is attracting more number of buyers from developing markets in ASEAN countries. With the automotive industry currently focused on building cheaper AMT systems for entry-level cars and sedans, product penetration is expected to increase.
Browse Related Reports:
- Global Automotive Shocks and Struts Market 2017-2021
- Global Automotive Advanced Emergency Braking System Market 2016-2020
- Global Commercial Vehicle Anti-Lock Braking System Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like auto accessories, automotive manufacturing, and powertrain. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.