South and Central America Dual Clutch Transmission Market Growth and Recent Trends by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

South and Central America Dual Clutch Transmission 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)

Report Date : Nov 2021
Report Code : TIPRE00025852

Category : Automotive and Transportation
Status : Published

Available Report Formats :
No. of Pages : 110

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The South and Central America dual clutch transmission market is expected to reach US$ 484.87 million by 2028 from an estimated value of US$ 304.71 million in 2021; it is likely to grow at a CAGR of 4.6% 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 South and Central 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. 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. 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.

Brazil recorded the highest number of COVID-19 cases in South and Central America, followed by Ecuador, Chile, Peru, and Argentina. The governments in South America (SAM) have taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America have impacted the manufacturing industry, including automotive manufacturing. Major automotive manufacturers have also temporarily closed their production process in the region, owing to cost control measures because of the pandemic.

Further, due to the non-availability of raw materials and supply chain disruption, the dual clutch transmission market had been negatively affected in 2020. In 2021, with the relaxation of lockdown measures and the beginning of the vaccination process, the shipment of raw materials needed for dual clutch transmission manufacturing and the manufacturing of passenger vehicles & commercial vehicles has started again. This will create a positive impact on the growth of the dual clutch transmission market in the region.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

SOUTH AND CENTRAL 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

Brazil
Argentina
Rest of South and Central America

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

South and Central America Dual Clutch Transmission Report Scope

Report Attribute	Details
Market size in 2021	US$ 304.71 Million
Market Size by 2028	US$ 484.87 Million
Global CAGR (2021 - 2028)	4.6%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Vehicle Type Passenger Car and Commercial Vehicle By Propulsion Internal Combustion Engine Hybrid By Vehicle Segment A/B C D E and Above SUV By Forward Gears 6 and Below 7 8 and Above
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key 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

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the South and Central America Dual Clutch Transmission Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

South and Central America Dual Clutch Transmission Market Report Snapshots

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