Automotive Flywheel Market to Hit $10.7 Billion Globally by 2032 at 3.8% CAGR, Driven by Advancements in Transmission Systems

According to a new report published by Allied Market Research, titled, "Automotive Flywheel Market," The automotive flywheel market was valued at $7.4 billion in 2022, and is estimated to reach $10.7 billion by 2032, growing at a CAGR of 3.8% from 2023 to 2032.

🔰 Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/5231

Prime determinants of growth

The global automotive flywheel market is driven by factors such as growth in penetration of dual-clutch transmission (DCT) and continuous variable transmission (CVT), increased manufacturing and sales of cars, and an increase in demand for commercial vehicles However, the increase in the adoption of electric vehicles and the rise in the trend for repair rather than replacing the flywheel are the factors are expected to hamper the growth of the automotive flywheel market. In addition, continuous technological improvements and a surge in the electric vehicle business across the globe, and the development of lightweight vehicle components to enhance fuel efficiency are expected to offer remunerative opportunities for expansion of the automotive flywheel market during the forecast period.

The semi-automatic and automatic transmission provides a more convenient driving experience for consumers, as they eliminate the need for shifting gears manually. This convenience factor has led to an increase in demand for these types of transmissions, which is expected to drive the growth of the segment during the forecast period. In addition, many semi-automatic and automatic transmissions are designed to improve fuel efficiency, which is an important factor for consumers concerned about the environment and rise in fuel costs. In addition, advancements in transmission technology have led to improved performance and reliability of semi-automatic and automatic transmissions, making them more attractive to consumers.

Moreover, luxury vehicles often come equipped with semi-automatic or automatic transmissions, as they provide a smoother and more comfortable driving experience. The increase in demand for luxury vehicles has contributed to the growth of the semi-automatic and automatic transmission segment. With the rise in globalization of the automotive industry, the demand for semi-automatic and automatic transmissions has grown as these transmissions are more common in some parts of the world than other types of transmission. As the automaker seeks to compete in global markets, they may choose to offer their types of transmission to meet the demands of consumers in different regions. This factor is anticipated to fuel the growth of the market.

🔰 Procure Complete Research Report Now: https://www.alliedmarketresearch.com/automotive-flywheel-market/purchase-options

Leading Market Players: -

AISIN CORPORATION
AMS Automotive
EXEDY Globalparts Corp.
Ford Motor Company
Pioneer Automotive Industries
Schaeffler Technologies AG & Co. KG
Skyway Precision Inc.
SPEC Clutch, Inc.
VALEO SERVICE
ZF Friedrichshafen AG.

The single mass segment to maintain its lead position during the forecast period.

Based on type, the single mass segment held the highest market share in 2022, accounting for more than three-fifths of the global automotive market, and is estimated to maintain its leadership status throughout the forecast period. e This is due to the fact that a single-mass flywheels are less expensive to purchase and enable faster engine revving, they are appropriate for situations where there are frequent changes in engine speed and gear. This leads to the growth of the segment in the global market. However, the dual mass segment is projected to manifest the highest CAGR of 4.2% from 2023 to 2032. This is because dual-mass flywheels increase fuel efficiency. Hence, they widely utilized in commercial vehicles, notably those with diesel engines and manual transmissions. An increase in the penetration of commercial vehicles is anticipated to drive the growth of the dual-mass flywheel market.

The manual transmission segment to maintain its leadership status throughout the forecast period.

By transmission type, the manual transmission segment accounted for the largest share in 2022, contributing to nearly half of the global automotive flywheel market revenue. Manual transmissions are generally less expensive than automatic transmissions, making them a more affordable option for budget-conscious consumers. Manual transmissions typically have better fuel efficiency than automatic transmissions, as they allow for more precise control over the engine's power output. However, the continuously variable transmission segment is expected to portray the largest CAGR of 4.4% from 2023 to 2032. The increasing adoption of hybrid vehicles, which often use CVT transmission due to their ability to provide smooth and effective action power transfer. The growth in these alternative powertrain vehicles has led to increasing demand for CVT transmissions, thereby boosting the flywheel market in the continuously variable transmission segment.

Asia-Pacific to maintain its dominance by 2032.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global automotive flywheel market revenue, and is expected to witness the fastest CAGR of 4.3% from 2022 to 2032. The growth of the regional market is mainly attributed to the growth in the automotive industry and retail sectors. In addition, owing to a significant rise in per capita income and rapid urbanization in the region is driving the growth of the automotive flywheel market in Asia-Pacific.

🔰 Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/5231

KEY FINDINGS OF THE STUDY

By type, the dual mass segment is anticipated to exhibit significant growth in the near future.
By transmission type, the continuous variable transmission segment is anticipated to exhibit significant growth in the near future.
By vehicle type, the commercial vehicle segment is anticipated to exhibit significant growth in the near future.
By Distribution Channel, the aftermarket segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Similar Reports We Have on Automotive Industry:

https://www.alliedmarketresearch.com/automotive-dual-mass-flywheel-market-A08758 - Automotive Dual Mass Flywheel Market Size, Share, Competitive Landscape and Trend Analysis Report, by Transmission Type, by Material, by Sales Channel and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/flywheel-bolt-market-A10705 - Flywheel Bolt Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Material, by Transmission Technology, by Vehicle Type and, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/axle-shaft-market-A10725 - Axle Shaft Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Position and, by Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/truck-axle-market-A13925 - Truck Axle Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/sliding-bearing-market-A08512 - Sliding Bearing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application, by Type, by Material and, by Railway : Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/bearings-market - Bearing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Size, Distribution Channel, Machine Type, End Use and Group : Global Opportunity Analysis and Industry Forecast, 2020-2027

Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.