Automotive Flywheel Market: Industry Size and Share Expected to Grow Rapidly by 2028

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Automotive Flywheel Market Trends,
Opportunities, and Forecasts for 2018- 2028
Automotive Flywheel Market Scope Flywheels are
wheels that are substantial and require a ton of
power to be turned around. They consist of an
extensive measurement wheel with spokes,
alongside a heavyweight edge attached to it, and
are primarily used to store kinetic energy for
smoothing out nonstop energy sources. The global
automotive flywheel market is being driven by
several key factors, including the increasing
adoption of automated manual transmission, the
growing penetration of dual clutch transmission
and continuous variable transmission (CVT).
Additionally, the rising production and sales of
electric vehicles are also contributing to the
growth of the flywheel market.
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In the next five years, the global automotive
flywheel market is expected to grow in value at
a compound annual growth rate (CAGR) of over 5.
The market is divided into two flywheel types
single mass flywheel and dual mass flywheel.
Over the next five years, the dual mass flywheel
segment is projected to grow at the highest
CAGR, as automotive OEMs aim to reduce vehicle
weight and provide smaller and lighter
engines. Several major key players operate in the
automotive flywheel market, including Valeo, ZF,
Linamar, Schaeffler, ATTC, Waupaca, Skyway
Precision, Mancor, EXEDY, Metaldyne, Grede,
Ford, Iljin, Tupy, Skyway, and Pace. Browse full
report with ToC and free sample -
https//www.techsciresearch.com/report/global-auto
motive-fly-wheel- market/1257.html United States
Automotive Flywheel Market Increasing Electric
Vehicle Sales Changing consumer preferences,
increasing fuel prices and strict rule of
government for green vehicles is boosting the
demand for automatic vehicles in United
States. According to International Energy
Association (IEA), in United States, states of
California, Oregon and Washington together
organised an extensive network of DC fast
charging station to boost the electric vehicle
market in United States. The small electric
vehicle market in United States is growing at a
CAGR of over 24 in volume terms over next five
years.
Rising sales of small electric vehicles is
fettering the automotive flywheel market.
Expanding research on developing advances like
Kinetic Energy
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Recovery System (KERS) and nonstop vitality
stockpiling in vehicles are a portion of the
real patterns winning in the market. Growing
small electric vehicle market in the country is
driving the automotive flywheel market in the
country. Increasing Small Electric Passenger Car
Sales, Drives the Global Automotive Flywheel
Market
The global small electric market is prominently
dominated by the passenger car segment with a
share of over 95, in volume terms in
2016. Passenger cars are primarily being focused
upon by several automobile manufacturers as
implementation of passenger electric vehicles is
comparatively easier and a lot more economical
than the same being implemented in commercial
vehicles. The passenger car segment is
anticipated to maintain its dominance over the
forecast period as well and acquire a volume
share of over 95 owing to its vast preference
over the commercial vehicles. Moreover, passenger
car segment dominates the automotive flywheel
market and is expected to maintain its dominance
over the next five years backed by growing small
electric vehicle market. This will boost the
demand of automotive flywheel. Tighter Emission
Norms According to recent report of World Bank
Group, the level CO2 Emission since 2012 is
increasing globally and is affecting the
environment.
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Source World Bank Group According to SIAM,
Society of India Automobile Manufacturers,
Indias first Auto Fuel Policy was released way
back in August 2002 which laid down the Emission
and Fuel Roadmap up to 2010. From April 2005,
4-wheeled vehicles moved to Bharat Stage III
emission norms in around 13 cities. Moreover, in
April 2017, the implementation of BS IV norms
across the country was proposed in a phased
manner and BS V emission norms in 2020/2021 and
BS VI from 2024. To support the governments
initiatives for emission standards vehicle
manufacturers are working continuously on the new
technologies. Dual-mass flywheels are now
becoming popular to meet the tighter emission
norms. Dual-mass flywheels reduces the unwanted
vibrations, reduces noise, improves the shifting
comfort and prevents transmission damage.
Dual-mass flywheels provide better fuel economy
and protects the drivetrain. Moreover, it also
reduces the total weight of the
vehicle. Dual-mass flywheel important
applications are becoming popular among
automobile manufacturers to reduce the weight of
the vehicle and to maintain modern engine
features in a vehicle which drives the global
automotive flywheel market. Download the sample
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