Synopsis

The Global Automotive Flywheel Market is exhibiting considerable growth. The increased manufacture of vehicles at a global level from the past few years has propelled the global flywheel market 2020 . The demand for commercial automobiles is majorly driven by increasing industrialization and expanding the service sector. Increasing demand for several elements such as aesthetics and safety, comfort and perpetual betterment of technology is the major reason for the growth of the automotive flywheel market. For enhancement of comfort factors i.e. the lessening of produced vibration within the transmission assembly, the manufacturers have innovated several technologies. The increasing demand for consumer choice for comfort in the automobiles sector is due to the increased purchasing power of people will further help in propelling the global automotive flywheel market. Technological advancement such as a reduction in weight by utilizing several materials will be a significant element driving the flywheel market.

There is fierce competition amongst the flywheel manufacturers, which plays an important role in the expansion of the flywheel market as manufacturers perpetually pay attention to evolving different characteristics to make their products unique and match the weight, transmission and speed requirements of automotive manufacturers. The increasing penetration of semi-automatic systems globally such as AMT and DCT (Automated Manual Transmission and Dual Clutch Transmission respectively) is estimated to propel the flywheel market during the review period.

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Global Automotive Flywheel Market Segmentation

The global automotive flywheel market can be classified on the basis of material, type, transmission, vehicle type, sales channel, and region.

On the basis of material, the market can be classified into maraging steel and aluminum, cast iron, and aluminum alloys.

On the basis of type, the market can be classified into the dual-mass flywheel and single-mass flywheel.

On the basis of transmission, the market can be classified into manual transmission, automatic transmission, and semi-automatic transmission.

On the basis of vehicle type, the market has been classified into light commercial vehicles, passenger vehicles, and heavy commercial vehicles.

On the basis of the sales channel, the market has been classified into aftermarket and OEM.

On the basis of region, the global automotive flywheel market can be classified into North America, Asia Pacific, Europe and the Rest of the World (RoW). Among all, the APAC region is estimated to acquire the maximum market share throughout the review period.

Global Automotive Flywheel Market Segmentation

 In terms of region, the global market for the automotive flywheel is classified into Europe, North America, Asia-Pacific and the Rest of the World (RoW). Among all the regions, Asia Pacific is likely to seize the highest revenue market share and is estimated to lead during the forecast period. Owing to the presence of nations like Japan, China, and India, where the sales of vehicles have been increasing because of the increased urbanization and increasing purchase of consumers has further affected the market for flywheels in this region. Constant advancement in technology for the lessening of the weight of flywheels will further aid in expanding the APAC market.

The European market is estimated to be driven by the consumer preference for the magnetic flywheel market. The North American market is likely to acquire the second-highest revenue market share and continue to flourish during the review period.

Key Players

The most crucial entities in the global flywheel market comprise of Schaeffler AG (Germany), AISIN SEIKI Co., Ltd (Japan), American Axle Manufacturing, Inc. (the US), Linamar Corporation (Canada), Valeo SA (France), ZF Friedrichshafen AG (Germany), LUTHRA INDUSTRIAL CORP (India), Ford Motor Company (US), and Skyway Precision, Inc. (the US), Iljin (Korea).

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