Industry Overview
In 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 Restraints
The 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. reducing the vibration generated inside the transmission assembly.
Competitive Analysis
The main market players operating in the global market as identified by MRFR are AISIN SEIKI Co., Ltd (Japan), Schaeffler AG (Germany), American Axle & Manufacturing, Inc. (US), Linamar Corportation (Canada), Valeo SA (France), ZF Friedrichshafen AG (Germany), Ford Motor Company (US), LUTHRA INDUSTRIAL CORP (India), Skyway Precision, Inc. (US), and Iljin (Korea).
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Segmental Analysis
- Based on the material, the market has been segmented into maraging steel, cast iron, and aluminum alloys.
- Based on the type, the market has been bifurcated into single mass flywheel and dual mass flywheel.
- Based on the transmission, the market has been segmented into semi-automatic transmission, manual transmission, and automatic transmission.
- Based on the vehicle type, the market has been segmented into light commercial vehicles, passenger vehicles, and heavy commercial vehicle.
- Based on the sales channel, the market has been divided into OEM and Aftermarket.
Regional
research
The global business regional overview was performed in four major
regions namely Asia Pacific, North America, Europe and the rest of the world.
Asia Pacific is expected to capture the largest market share
of sales among all countries, and is estimated to lead over the forecast
period. Due to the involvement of nations such as Japan, China and India, where
vehicle sales have risen as a result of increased urbanization and rising car
purchases, the flywheel demand in this area has also been further affected.
Constant technological advancement to lessen the weight of flywheels will
further assist in the expansion of the APAC market. It is projected that the
European market is driven by customer preference for the car flywheel market.
The North American market is slated to gain the second-highest market share of
sales and continue to prosper throughout the review era.
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Information: https://www.marketresearchfuture.com/reports/automotive-flywheel-market-7083
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive flywheel Market Segmentation
- Automotive flywheel Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
More…
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