Automotive Flywheel Market Scope:
Flywheels are wheels that are substantial and require a ton of power to be turned around. They consist of an extensive measurement wheel with spokes, alongside a heavyweight edge attached to it, and are primarily used to store kinetic energy for smoothing out nonstop energy sources.
The global automotive flywheel market is being driven by several key factors, including the increasing adoption of automated manual transmission, the growing penetration of dual clutch transmission and continuous variable transmission (CVT). Additionally, the rising production and sales of electric vehicles are also contributing to the growth of the flywheel market.
In the next five years, the global automotive flywheel market is expected to grow in value at a compound annual growth rate (CAGR) of over 5%. The market is divided into two flywheel types: single mass flywheel and dual mass flywheel. Over the next five years, the dual mass flywheel segment is projected to grow at the highest CAGR, as automotive OEMs aim to reduce vehicle weight and provide smaller and lighter engines.
Several major key players operate in the automotive flywheel market, including Valeo, ZF, Linamar, Schaeffler, ATTC, Waupaca, Skyway Precision, Mancor, EXEDY, Metaldyne, Grede, Ford, Iljin, Tupy, Skyway, and Pace.
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United States Automotive Flywheel Market:
· Increasing Electric Vehicle Sales:
Changing consumer preferences, increasing fuel prices and strict rule of government for green vehicles is boosting the demand for automatic vehicles in United States.
According to International Energy Association (IEA), in United States, states of California, Oregon and Washington together organised an extensive network of DC fast charging station to boost the electric vehicle market in United States.
The small electric vehicle market in United States is growing at a CAGR of over 24% in volume terms over next five years.
Rising sales of small electric vehicles is fettering the automotive flywheel market. Expanding research on developing advances like Kinetic Energy Recovery System (KERS) and nonstop vitality stockpiling in vehicles are a portion of the real patterns winning in the market. Growing small electric vehicle market in the country is driving the automotive flywheel market in the country.
Increasing Small Electric Passenger Car Sales, Drives the Global Automotive Flywheel Market:
The global small electric market is prominently dominated by the passenger car segment with a share of over 95%, in volume terms in 2016.
Passenger cars are primarily being focused upon by several automobile manufacturers as implementation of passenger electric vehicles is comparatively easier and a lot more economical than the same being implemented in commercial vehicles.
The passenger car segment is anticipated to maintain its dominance over the forecast period as well and acquire a volume share of over 95% owing to its vast preference over the commercial vehicles.
Moreover, passenger car segment dominates the automotive flywheel market and is expected to maintain its dominance over the next five years backed by growing small electric vehicle market. This will boost the demand of automotive flywheel.
Tighter Emission Norms:
According to recent report of World Bank Group, the level CO2 Emission since 2012 is increasing globally and is affecting the environment.
According to SIAM, Society of India Automobile Manufacturers, India’s first Auto Fuel Policy was released way back in August 2002 which laid down the Emission and Fuel Roadmap up to 2010. From April 2005, 4-wheeled vehicles moved to Bharat Stage III emission norms in around 13 cities. Moreover, in April 2017, the implementation of BS IV norms across the country was proposed in a phased manner and BS V emission norms in 2020/2021 and BS VI from 2024.
To support the governments initiatives for emission standards vehicle manufacturers are working continuously on the new technologies. Dual-mass flywheels are now becoming popular to meet the tighter emission norms. Dual-mass flywheels reduces the unwanted vibrations, reduces noise, improves the shifting comfort and prevents transmission damage. Dual-mass flywheels provide better fuel economy and protects the drivetrain. Moreover, it also reduces the total weight of the vehicle.
Dual-mass flywheel important applications are becoming popular among automobile manufacturers to reduce the weight of the vehicle and to maintain modern engine features in a vehicle which drives the global automotive flywheel market.
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Industry OverviewIn its research report, Market Research Future (MRFR) emphasizes that over the review period, the Global Automotive Flywheel Market 2020 is projected to rise exponentially, securing a significant market valuation and a healthy CAGR.Drivers and RestraintsThe Global Automotive Flywheel Market for automobiles has experienced remarkable growth.
In the last few years, increasing vehicle demand globally has significantly boosted the flywheel market.
Demand for commercial vehicles is driven extensively by rising industrialization and service sectors.
The expansion of the automotive flywheel market is responsible for increasing demand for different factors such as aesthetics & safety, comfort, and continuous improvement in technology.
The manufacturers have developed various technologies for enhancing the comfort factors, i.e.
In addition, a rise in vehicle production and sales raises the need for flywheel adoption in many applications.
Automotive Flywheel Market Research Report: Information by Material (Cast Iron, Maraging Steel, Aluminum Alloy), Type (Single Mass and Dual Mass), Transmission (Manual, Semi-Automatic, Automatic), Vehicle Type (Passenger Car, LCV, and HCV), Sales Channel, Region - Global Forecast till 2023.
Global Automotive Flywheel market is expected to witness 5% CAGR during the period, 2018 to 2023.Market Synopsis:According to Market Research Future (MRFR), the global automotive flywheel market is expected to gain momentum in the upcoming years.
Flywheel plays a core application in the functioning of an automobile such as power transmission, heat sink for the dissipation of heat, noise reduction, etc.
This, in turn, is expected to propel the expansion of the market over the next couple of years.Rapid industrialization has led to a drastic rise in the demand for commercial vehicles.
Thus, rising demand for vehicles is likely to accelerate economic activities in the automotive sector.
This, in turn, is anticipated to augment the automotive flywheel market through the assessment period.Passenger experience is the key area of focus for the key players.
The global Automotive Dual Mass Flywheel Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the automotive dual mass flywheel market include LuK GmbH & Co. KG, Valeo, ZF Friedrichshafen AG, Schaeffler Group, Velteks Automotive.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Dual Mass Flywheel Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-dual-mass-flywheel-market/download-sampleMarket DynamicsGrowing demand for quieter and lighter automotive is steering the demand for the dual-mass flywheel.
The rising push towards sustainable transport is significantly contributing to the demand.
Attributed to its effectiveness, improving shifting action has been observed in recent years.
The Automotive Dual Mass Flywheel Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Dual Mass Flywheel Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-dual-mass-flywheel-market/download-sampleMarket DynamicsGrowing demand for quieter and lighter automotive is steering the demand for the dual-mass flywheel.
DMFs have proven to be so successful in reducing vibration and noise.
Attributed to its effectiveness, improving shifting action has been observed in recent years.
Looking into this, giant manufacturers are making affordable DMFs that require no special tool for installing and significantly reduce the cost of fitting.
