South Korea Dual Clutch Transmission Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 5.7% from 2023 to 2033
• The South Korea Dual Clutch Transmission Market Size is Expected to Hold a Significant Share by 2033

The South Korea Dual Clutch Transmission Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 5.7% from 2023 to 2033.

Market Overview

The dual-clutch transmission (DCT) is an automatic transmission system that employs the use of two separate clutches for odd and even gear sets. As a result, this kind of transmission has more responsive, as well as smoother gear shifting, than many other types of manual or automatic transmissions. Furthermore, the DCT system provides better fuel efficiency, improved acceleration, and a smoother driving experience. The adoption of DCT technology in South Korea has risen significantly as market demand for high-performance vehicles has increased, coupled with the pressure to make transmission systems more fuel-efficient. DCT is now being implemented by big automotive manufacturers and suppliers into their car models to achieve what the customers demand- better driving dynamics and efficiency. The South Korean government is encouraging energy-efficient technologies in the automotive sector by implementing policies and incentives meant to minimize carbon emissions. Further support includes enabling the development of advanced transmission technologies, such as DCT, which contributes to market growth.

Report Coverage

This research report categorizes the market for South Korean dual-clutch transmission based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korean dual-clutch transmission market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korean dual-clutch transmission market sub-segment.

Driving Factors

The major growth drivers behind the South Korean dual-clutch transmission market are the increasing demand for fuel-efficient vehicles, the growing desire of consumers for better on-road performance, and vehicle emission reduction. In addition, further technical developments of DCTs, including higher durability and lower costs, can stimulate greater expansion in the market. The trend toward electric and hybrid vehicles also aligns well with the demand for DCT systems, as they integrate far better with hybrid powertrains.

Restraining Factors

Restraining factors in the South Korean dual-clutch transmission market include high production costs, complex manufacturing processes, and lack of awareness among the customers. The high cost of integration of advanced DCT systems into vehicles and competition from other transmission technologies will also affect market uptake.

Market Segment

The South Korean dual-clutch transmission market share is classified into product type and system.

• The wet clutch segment is expected to hold the largest market share through the forecast period.

The South Korean dual-clutch transmission market is segmented by product type into dry clutch and wet clutch. Among these, the wet clutch segment is expected to hold the largest market share through the forecast period. This is attributed to the wet clutches, being immersed in oil, which tends to dissipate heat better and are, in general, more durable, thus suitable for high-performance and heavy-duty applications. Usually, this type of clutch is utilized in many other cars from mass market to luxury vehicles, because they can accommodate greater torque loads.

• The hatchback/sedan segment is expected to hold the largest market share through the forecast period.

The South Korean dual-clutch transmission market is segmented by vehicle type into hatchback/sedan, SUV, LCV, and HCV. Among these, the hatchback/sedan segment is expected to hold the largest market share through the forecast period. This is attributed to the hatchbacks and sedans are South Korea's most widely used vehicle types, mainly driven by their respective attributes: fuel efficiency, affordability, and suitability for urban commuting. Consumer demand regarding improved driving performance, fuel economy, and smooth shifting is thereby increasing the use of DCT systems in hatchbacks and sedans.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korean dual-clutch transmission market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyundai Motor Company
• Kia Corporation
• Sungwoo Hitech Co., Ltd.
• LS Automotive Technologies
• Hyundai Transys
• Daimler AG
• Getrag
• Doosan Infracore
• Mando Corporation
• Samil Spinning Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2024, Magna secured a contract to supply Dual Clutch Transmission Ecosystems to a European OEM. This contract underscores the growing demand for advanced transmission technologies, aligning with global trends toward enhanced fuel efficiency and performance in automotive manufacturing.

Market Segment

This study forecasts regional and country revenue from 2022 to 2033. Spherical Insights has segmented the South Korean dual-clutch transmission market based on the below-mentioned segments

South Korea Dual Clutch Transmission Market, By Product Type

• Dry Clutch
• Wet Clutch

South Korea Dual Clutch Transmission Market, By Vehicle Type

• Hatchback/Sedan
• SUV
• LCV
• HCV