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The dual clutch transmission industry is highly competitive. The improvement in component technology coupled with reducing costs plays an important role in increasing market share. The major players operating in the dual clutch transmission market include
The North America dual clutch transmission industry share exceeded USD 600 million in 2020 and will register commendable growth propelled by the rising consumer preference towards automatic vehicles.
Passenger cars will register a value of USD 40 billion through 2027 owing to increasing incorporation into passenger vehicles as the technology becomes extensively available and increasingly commercialized.
Dry clutch will record over 80% of the dual clutch transmission market revenue through 2027 due to surging popularity of the product in passenger vehicles.
The dual clutch transmission industry size surpassed 30.98 billion in 2020 and will grow at a CAGR of 4.9% between 2021 and 2027.