Many consumers have also delayed their automotive purchase, and some canceled their existing orders owing to changing proprieties to essential buying.
Suspending economic activities was the earliest move taken by several governments to reduce the risk of virus spread, resulting in a massive fall in automobile sales followed by a dip in consumer confidence. The contagious spread of the disease has mandated countries across the globe to formulate new rules and regulations, resulting in strict countrywide lockdown and the formation of micro-containment zones to stop the virus from spreading. Pushed by consumer demand coupled with a reduction in the cost of technology, the industry is witnessing an increasing penetration from sports cars to passenger vehicles.ĬOVID-19 had a devastating impact on the dual clutch transmission (DCT) market owing to a massive dip in commercial activities and retail spending.
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Get more details on this report - Request Free Sample PDFĬonsumers are increasingly interested in vehicle specifications & on-road performance, which are becoming increasingly important to manufacturers to keep their vehicles interesting. The technology has also been subjected to extensive research by established automakers to develop DCT systems such as PDK from Porsche and DSG in Volkswagen. The previous technology had limited use in race cars and sports cars later transitioning into passenger vehicles. The benefits of the DCT system typically include faster transmission, lower power loss, and greater fuel economy compared to other transmission types. Increasing investments from companies to make this technology accessible is likely to drive industry demand.
Dual Clutch Transmission Market size crossed USD 30.98 billion in 2020 and is projected to expand at 4.9% CAGR from 2021 to 2027.
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