Global Automotive Flywheel Market Is Predicted To Have A Healthy Growth At A 5% CAGR Over The Forecast Period (2021-2023)

Market Analysis

The Global Automotive Flywheel Market Is Predicted To Have A Healthy Growth At A 5% CAGR Over The Forecast Period (2018-2023), reveals the latest Market Research Future (MRFR) report. A flywheel is a heavy revolving wheel fixed in a machine that is utilized to increase the momentum of a machine and thus offer a reserve of accessible power or greater stability.

Automotive flywheels are of two types- heavy and light. The former will help a vehicle in maintaining momentum while towing or up hills and has the mass in getting the vehicle rolling smoothly if the clutch gets disengaged. The latter, on the other hand, can augment acceleration and engine response owing to its lower rotating inertia.

Automotive flywheel has a wide range of applications such as big electricity grids to protect interruptions, satellites to control direction, advanced technology transit buses, advanced locomotive propulsion system, electric cars to increase speed, together with a motor driven generator for storing energy and in wind turbines.

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Storing energy to aid the car engine over idle strokes of the piston- exhaust, compression, and suction, dampening out the speed fluctuation of the crankshaft and offering a convenient mounting point both for the starter ring gear and the clutch are some of the key features of flywheels. A flywheel is preferred over general batteries owing to the different benefits that it offers such as ease of operation, higher peak-load capacity, more round-trip efficiency, lesser thermal loss, less maintenance involved, storage capacity not affected by discharging cycle/charging, more lifespan, and higher capacity to store energy.

Various factors are pushing the growth of the automotive flywheel market. These factors, in accordance with the Market Research Future (MRFR) report, include increasing use of automated manual transmission, growing penetration of continuous variable transmission and dual clutch transmission, increasing rate of production as well as, sales of electric vehicles, and rising demand for various factors such as safety, aesthetics and comfort and continuous improvement in technology.

 

Market Segmentation

The Market Research Future report offers a wide segmental analysis of the automotive flywheel market on the basis of type, material, sales channel, vehicle type, and transmission.

Based on material, the automotive flywheel market is segmented into aluminum alloys, maraging steel, and cast iron. Of these, the maraging steel segment will have the largest share in the market over the forecast period.

Based on type, the automotive flywheel market is segmented into the dual mass flywheel and single mass flywheel. Of these, the single mass flywheel will dominate the market over the forecast period.

Based on transmission, the automotive flywheel market is segmented into the automatic transmission, semi-automatic transmission, and manual transmission. Of these, the manual transmission segment will lead the market over the forecast period.

Based on vehicle type, the automotive flywheel market is segmented into heavy commercial vehicle, light commercial vehicle, and passenger vehicles. Of these, passenger vehicles will have the maximum share in the market over the forecast period.

Based on the sales channel, the automotive flywheel market is segmented into aftermarket and OEM.

Regional Analysis

Based on the region, the automotive flywheel market report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World. Of these, Asia Pacific will remain the driving force in the market over the forecast period and is predicted to grow at a promising CAGR. This is owing to the rising purchasing power of consumers, growing urbanization, and increased production as well as, sales of automobiles.

Key Players

Leading players profiled in the automotive flywheel market report include Iljin (Korea), Ford Motor Company (US), Skyway Precision, Inc. (the US), LUTHRA INDUSTRIAL CORP (India), Valeo SA (France), ZF Friedrichshafen AG (Germany), Linamar Corporation (Canada), AISIN SEIKI Co., Ltd (Japan), American Axle & Manufacturing, Inc. (US), Schaeffler AG (Germany), among others.

May 2019-A Dragonfire laser weapon has been specially designed for the Royal Navy that will be boosted with a flywheel made for Formula One. Popularly known as the Dragonfire Laser Directed Energy Weapon, this naval warfare device will provide 50kW power rating.

 

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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