Global Automotive Flywheel Market - Analysis and Growth 2017 - 2025
By vehicle type, the automotive flywheels market is classified into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The market share of passenger vehicles is more than commercial vehicles except in North America.
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By geography, the automotive flywheels market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a prominent automotive flywheel market, with the U.S. the dominant market in this region. Canada and Mexico are other major markets in this region. Europe is another major automotive flywheel market. Germany is the largest market in Europe. France, U.K., Spain, Italy, Sweden, Belgium and Netherlands are other major markets in Europe. Asia Pacific is one of the largest automotive flywheel markets in the world led by China. Japan, India, South Korea and Australia are other major markets in this region. The Middle East & Africa is a significant automotive flywheel market led by Saudi Arabia, Turkey, Iran, and South Africa. Latin America is also a major automotive flywheel market led by Brazil and Argentina. Brazil is the largest automotive flywheel market in Latin America.
Rising demand for both passenger and commercial vehicles is driving the growth in sales of automotive flywheels. Rising penetration of continuous variable transmission (CVT) and dual clutch transmission (DCT) is increasing the demand for automotive flywheels. Carbon fiber flywheels weight less and rotate faster than other flywheels. Rising demand for vehicles with high fuel efficiency and low vehicle emission is anticipated to increase the demand for carbon fiber flywheels. Major automotive OEMs such as Volvo Car Corp. and Audi AG are testing carbon fiber flywheel technology for implementation in their vehicles.
A major restraint in the global automotive flywheel market is the rising sale of electric vehicles across the world. Major automotive manufacturers such as Volvo Car Corp., Daimler AG, and BMW AG plans to increase production and sale of electric vehicles in the coming years.
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The report highlights the diverse competitive strategies implemented by key players operating in the market. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis, and historical revenue. The report also contains details of market share analysis of key players in the market. The major firms operating in the market are Schaeffler Group (Germany), Linamar (Canada), ZF Group (Germany), Valeo (France), EXEDY Global Parts (the U.S), Metaldyne (the U.K.), Skyway Precision, Inc (the U.S.) and Waupaca Foundry Inc. (the U.S.)
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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