Global Automotive Flywheel Market is expected to witness significant growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Flywheel Market that contains the information from 2018 to 2023. The Global Automotive Flywheel market is expected to progress with the CAGR of ~5% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Flywheel Market Information from 2018 to 2023″
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Automotive Flywheel Market Key Players:
The prominent players in the global flywheel market market include Schaeffler AG (Germany), American Axle & Manufacturing, Inc. (US), AISIN SEIKI Co., Ltd (Japan), Linamar Corportation (Canada), ZF Friedrichshafen AG (Germany), Valeo SA (France), LUTHRA INDUSTRIAL CORP (India), Skyway Precision, Inc. (US), Ford Motor Company (US), and Iljin (Korea).
The automotive flywheel helps to store and transfer the power to the drive shaft or the propeller shaft which drives the automobile. The position of the flywheel is between the engine and clutch system in a vehicle and is attached to the crankshaft. Crankshafts are attached to the pistons which moves to and fro inside a engine cylinder. Flywheel rotation rate is defined in few thousand RPM (Rotations per Minute).
Growing automobile production and consumption in the developing countries will majorly drive the global automotive flywheel market. Demand for passenger vehicles and rising purchasing power of people will further drive the global automotive flywheel market. Growing industrialization and technological advancements such as weight reduction of automotive flywheels will create opportunities for new entrants in the global market. Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in the global automotive flywheel market, which will further enhance the global market during the forecast period. However, automatic transmissions having flex plate will be the greatest challenge for the manufacturers in the market. The major restraints for the global automotive flywheel market is emergence of electric vehicles
The global automotive flywheel market is estimated to witness ~5% CAGR during the period from 2018 to 2023.
Automotive Flywheel Market Segmentation:
Global flywheel market is segmented on the basis of material, type, transmission, sales channel and region. On the basis of material, the market has been segmented into cast iron, maraging steel and aluminum alloys. Maraging steel is projected to hold the highest growth during the forecast period due to its high strength which enhances durability. On the basis of type, the market has been segmented into single mass flywheel and dual mass flywheel. Single mass flywheel will hold the highest growth during the forecast period due to its low cost and simple design. On the basis of transmission, the market has been segmented into manual transmission, semi-automatic transmission and automatic transmission.
Manual transmission will hold the highest growth during the forecast period due to its high demand in Europe and Asia . On the basis of vehicle type, the market has been segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicle. Passenger vehicle will hold the highest growth during the forecast period due to increase in spending capacity of consumers globally. The passenger car segment is estimated to hold the largest market share in terms of value and volume during the forecast period owing to the increased demand for passenger cars from developing countries such as India and China.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. UP Board Result 2019 It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global Automotive Flywheel Market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.