North America Dual Clutch Transmissions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Vehicle Type (Passenger Car and Commercial Vehicle), Propulsion [Internal Combustion Engine (ICE) and Hybrid], Vehicle Segment (A/B, C, D, E and Above, and SUV), and Forward Gears (6 and Below, 7, and 8 and Above)
Market Introduction
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.
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Market Overview and Dynamics
The North America dual clutch transmission market is expected to reach US$ 4,738.70 million by 2028 from an estimated value of US$ 2,711.65 million in 2021; it is likely to grow at a CAGR of 8.3% from 2021 to 2028. Growing sales of SUVs worldwide and increasing concerns about fuel economy and CO2 emission are driving the market. However, the increasing adoption of electric vehicles and their high costs may hamper the growth of the North America dual clutch transmission market during the forecast period.
The demand for dual clutch transmission is increasing at a prime rate for SUVs. The rising demand for SUVs globally is boosting the growth of the dual clutch transmission market. The popularity of SUVs continues to grow in almost every market in the world. As the global marketplace declines following trade tensions and a slowdown in the Chinese market, car manufacturers look for new ways to expand their market. The shifting interest of customers from sedans or hatchbacks to SUVs started around seven years ago and is still growing strong. The increasing preference of consumers for SUVs is forcing vehicle manufacturers to focus on integrating advanced dual clutch transmission in vehicles. This corresponds with a drop in consumer spending capabilities. The US was the second-biggest SUV market, and, unlike China, all manufacturers showed sales increases in 2019. General Motors (GM) kept the lead but squandered market share to Toyota, Nissan, Ford, and Honda. FCA, the second-largest SUV manufacturer, overtook shares, owing to the new Jeep Wrangler and Compass. VW Group, Hyundai-Kia, Mazda, Subaru, and BMW Group were among the other major SUV market shareholders. Toyota RAV4 was the best-selling SUV in the US. Furthermore, advanced techniques such as dual clutch transmission systems are used by automotive OEMs to minimize fuel consumption and CO2 emissions while preserving performance. Hence, the increasing concern about fuel economy and CO2 emission will propel market growth.
North America is among the worst-hit regions by the COVID-19 pandemic. The continuous growth of infected individuals has led the North American governments to impose lockdown across borders. The majority of the manufacturing plants were shut down, municipalities were functioning slowly compared to the past, and the automotive industries were halted. The COVID-19 outbreak negatively impacted the automotive industry in the region. Assembly plant closures are adding to the intense pressure on an increasingly distressed North America supply base in the US. Companies are at risk of defaulting on covenants, potentially requiring banks to step in.
Further, according to the Accenture website data, sales forecast for the US estimated a decline of 9% annually as consumers are not buying new vehicles due to the pandemic. Thus, limited supply of vehicle parts, shutdowns of manufacturing plants, supply chain disruption, and drop in new vehicle sales have negatively impacted the North America dual clutch transmission market. However, in 2021, with the relaxation of lockdown restrictions and the beginning of vaccination processes, automotive production has started again, which will help create a favorable scenario for the North America dual clutch transmission market growth.
Key Market Segments
Based on vehicle type, the North America 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 North America 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 North America dual clutch transmission market is classified into A/B, C, D, E and above, and SUV. The SUV segment led the largest share of the dual clutch transmission market in 2021, and the same segment is expected to account for the largest market share by 2021–2028.
Based on forward gear, the North America 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.
Major Sources and Companies Listed
The primary and secondary sources associated with this report on the North America dual clutch transmission market include the International Organization of Motor Vehicle Manufacturers (OICA), The Environmental Protection Agency (EPA), and the Nationwide Highway Traffic Safety Administration (NHTSA).
Reasons to buy the report
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NORTH AMERICA DUAL CLUTCH TRANSMISSION MARKET SEGMENTATION
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Propulsion Type
- Internal Combustion Engine (ICE)
- Hybrid
By Vehicle Segment
- A/B
- C
- D
- E and Above
- SUV
By Forward Gears
- 6 and Below
- 7
- 8 and Above
By Country
- US
- Canada
- Mexico
Company Profiles
- Magna International Inc.
- Schaeffler Technologies AG & Co. KG
- BorgWarner Inc.
- Daimler AG
- Volkswagen AG
- ZF Friedrichshafen AG
- OC Oerlikon Management AG
- Ricardo
- Renault Group
- Hyundai Transys
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. Dual Clutch Transmissions Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing Sales of SUVs Worldwide
5.1.2 Increasing Concerns About Fuel Economy and CO2 Emission
5.2 Key Market Restraints
5.2.1 Growing Adoption of Electric Vehicles and its High Costs
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Hybrids and DCTS in HCVs
5.4 Future Trends
5.4.1 Mounting Demand of Class A/B Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Dual Clutch Transmissions Market – North America Analysis
6.1 Dual Clutch Transmissions Market North America Overview
7. Dual Clutch Transmissions Market Analysis – By Vehicle Type
7.1 Overview
7.2 Dual Clutch Transmissions Market Revenue Breakdown, By Vehicle Type, 2020 & 2028
7.3 Passenger Cars
7.3.1 Overview
7.3.2 Passenger Cars: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
7.4 Commercial Vehicle
7.4.1 Overview
7.4.2 Commercial Vehicle: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
8. Dual Clutch Transmission Market Analysis – By Propulsion Type
8.1 Overview
8.2 Dual Clutch Transmissions Market Breakdown, By Propulsion Type, 2020 & 2028
8.3 Internal Combustion Engine (ICE)
8.3.1 Overview
8.3.2 Internal Combustion Engine (ICE): Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
8.4 Hybrid
8.4.1 Overview
8.4.2 Hybrid: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9. Dual Clutch Transmission Market Analysis – By Vehicle Segment
9.1 Overview
9.2 Dual Clutch Transmissions Market Breakdown, By Vehicle Segment, 2020 & 2028
9.3 A/B
9.3.1 Overview
9.3.2 A/B: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.4 C
9.4.1 Overview
9.4.2 C: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.5 D
9.5.1 Overview
9.5.2 D: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.6 E and Above
9.6.1 Overview
9.6.2 E and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
9.7 SUV
9.7.1 Overview
9.7.2 SUV: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10. Dual Clutch Transmission Market Analysis – By Forward Gear
10.1 Overview
10.2 Dual Clutch Transmissions Market Breakdown, By Forward Gear, 2020 & 2028
10.3 6 and Below
10.3.1 Overview
10.3.2 6 and Below: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10.4 7
10.4.1 Overview
10.4.2 7: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
10.5 8 and Above
10.5.1 Overview
10.5.2 8 and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
11. Dual Clutch Transmission Market – North America Analysis
11.1 North America Dual Clutch Transmission Market, Revenue and Forecasts to 2028
11.1.1 Overview
11.1.2 North America Dual Clutch Transmission Market, Revenue and Forecasts to 2028 (US$ Mn)
11.1.3 North America Dual Clutch Transmissions Market Breakdown, By Vehicle Type
11.1.4 North America Dual Clutch Transmissions Market Breakdown, By Propulsion Type
11.1.5 North America Dual Clutch Transmissions Market Breakdown, By Vehicle Segment
11.1.6 North America Dual Clutch Transmissions Market Breakdown, By Forward Gears
11.1.7 North America Dual Clutch Transmissions Market Breakdown, by Country
11.1.7.1 US Dual Clutch Transmission Market, Revenue and Forecasts to 2028
11.1.7.1.1 US Dual Clutch Transmissions Market Breakdown, By Vehicle Type
11.1.7.1.2 US Dual Clutch Transmissions Market Breakdown, By Vehicle Type
11.1.7.1.3 US Dual Clutch Transmissions Market Breakdown, By Propulsion Type
11.1.7.1.4 US Dual Clutch Transmissions Market Breakdown, By Vehicle Segment
11.1.7.1.5 US Dual Clutch Transmissions Market Breakdown, By Forward Gear
11.1.7.2 Canada Dual Clutch Transmission Market, Revenue and Forecasts to 2028
11.1.7.2.1 Canada Dual Clutch Transmissions Market Breakdown, By Vehicle Type
11.1.7.2.2 Canada Dual Clutch Transmissions Market Breakdown, By Propulsion Type
11.1.7.2.3 Canada Dual Clutch Transmissions Market Breakdown, By Vehicle Segment
11.1.7.2.4 Canada Dual Clutch Transmissions Market Breakdown, By Forward Gear
11.1.7.3 Mexico Dual Clutch Transmission Market, Revenue and Forecasts to 2028
11.1.7.3.1 Mexico Dual Clutch Transmissions Market Breakdown, By Vehicle Type
11.1.7.3.2 Mexico Dual Clutch Transmissions Market Breakdown, By Propulsion Type
11.1.7.3.3 Mexico Dual Clutch Transmissions Market Breakdown, By Vehicle Segment
11.1.7.3.4 Mexico Dual Clutch Transmissions Market Breakdown, By Forward Gear
12. Impact of COVID-19 Pandemic on North America Dual Clutch Transmission Market
12.1 Overview
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
13. Dual Clutch Transmission Market-Industry Landscape
13.1 Overview
13.2 New Development
14. Company Profiles
14.1 Magna International Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Schaeffler Technologies AG & Co. KG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 BorgWarner Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Daimler AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Volkswagen AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 ZF Friedrichshafen AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 OC Oerlikon Management AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Ricardo
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Renault Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Hyundai Transys
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 (US$ Mn)
Table 2. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 (Units)
Table 3. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Mn)
Table 4. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 – By Vehicle Type (Units)
Table 5. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Mn)
Table 6. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 – By Propulsion Type (Units)
Table 7. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 – By Vehicle Segment (US$ Mn)
Table 8. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 – By Vehicle Segment (Units)
Table 9. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 – By Forward Gears (US$ Mn)
Table 10. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 – By Forward Gears (Units)
Table 11. North America Dual Clutch Transmission Market, Revenue and Forecast To 2028 – By Country (US$ Mn)
Table 12. North America Dual Clutch Transmission Market, Volume and Forecast To 2028 – By Country (Units)
Table 13. US Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Type (US$ Mn)
Table 14. US Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Type (Units)
Table 15. US Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Propulsion Type (US$ Mn)
Table 16. US Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Propulsion Type (Units)
Table 17. US Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Segment (US$ Mn)
Table 18. US Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Segment (Units)
Table 19. US Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Forward Gear (US$ Mn)
Table 20. US Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Forward Gear (Units)
Table 21. Canada Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Type (US$ Mn)
Table 22. Canada Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Type (Units)
Table 23. Canada Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Propulsion Type (US$ Mn)
Table 24. Canada Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Propulsion Type (Units)
Table 25. Canada Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Segment (US$ Mn)
Table 26. Canada Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Segment (Units)
Table 27. Canada Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Forward Gear (US$ Mn)
Table 28. Canada Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Forward Gear (Units)
Table 29. Mexico Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Type (US$ Mn)
Table 30. Mexico Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Type (Units)
Table 31. Mexico Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Propulsion Type (US$ Mn)
Table 32. Mexico Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Propulsion Type (Units)
Table 33. Mexico Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Vehicle Segment (US$ Mn)
Table 34. Mexico Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Vehicle Segment (Units)
Table 35. Mexico Dual Clutch Transmission Market, Revenue and Forecasts to 2028 – By Forward Gear (US$ Mn)
Table 36. Mexico Dual Clutch Transmission Market, Volume and Forecasts to 2028 – By Forward Gear (Units)
Table 37. Glossary of Term: Dual Clutch Transmissions Market
LIST OF FIGURES
Figure 1. Dual Clutch Transmissions Market Segmentation
Figure 2. Dual Clutch Transmissions Market Segmentation – By Country
Figure 3. North America Dual Clutch Transmissions Market Overview
Figure 4. U.S to Hold Largest Market Share
Figure 5. Passenger Car Segment Dominates the Vehicle Type Segment
Figure 6. ICE Dominates the Propulsion Type Segment
Figure 7. North America – PEST Analysis
Figure 8. Expert Opinion
Figure 9. Dual Clutch Transmissions Market Impact Analysis of Drivers and Restraints
Figure 10. Dual Clutch Transmissions Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Dual Clutch Transmissions Market Revenue Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 12. Passenger Cars: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Commercial Vehicle: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Dual Clutch Transmissions Market Breakdown, By Propulsion Type, 2020 & 2028 (%)
Figure 15. Internal Combustion Engine (ICE): Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Hybrid: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Dual Clutch Transmissions Market Breakdown, By Vehicle Segment, 2020 & 2028 (%)
Figure 18. A/B: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. C: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. D: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. E and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. SUV: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Dual Clutch Transmissions Market Breakdown, By Forward Gear, 2020 & 2028 (%)
Figure 24. 6 and Below: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. 7: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. 8 and Above: Dual Clutch Transmissions Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. North America Dual Clutch Transmission Market, Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. North America Dual Clutch Transmissions Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 29. North America Dual Clutch Transmissions Market Breakdown, By Propulsion Type, 2020 & 2028 (%)
Figure 30. North America Dual Clutch Transmissions Market Breakdown, By Vehicle Segment, 2020 & 2028 (%)
Figure 31. North America Dual Clutch Transmissions Market Breakdown, By Forward Gears, 2020 & 2028 (%)
Figure 32. North America Dual Clutch Transmissions Market Breakdown, by Country, 2020 & 2028 (%)
Figure 33. US Dual Clutch Transmission Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 34. Canada Dual Clutch Transmission Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 35. Mexico Dual Clutch Transmission Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 36. Impact of COVID-19 Pandemic in North American Country Markets
- Magna International Inc.
- Schaeffler Technologies AG & Co. KG
- BorgWarner Inc.
- Daimler AG
- Volkswagen AG
- ZF Friedrichshafen AG
- OC Oerlikon Management AG
- Ricardo
- Renault Group
- Hyundai Transys
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