Automotive Flywheels Market Key Highlights:
- Market Size (2024): USD 14.44 Billion
- Projected Market Size (2034): USD 17.61 Billion
- CAGR (2024-2034): 2%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Automotive Flywheels Market Definition
The automotive flywheel market is a crucial segment of the automobile industry. This industry deals with the design and distribution of automotive flywheels for car companies across the world. Automotive flywheels are mechanical devices that are used to store energy in automobiles. These devices are also used in vehicles to perform numerous functions such as reducing vibrations, maintaining a constant speed, smooth gear shifting, engaging starter motors and some others. Two main types of automotive flywheels are available in the market: single-mass flywheels and dual-mass flywheels. These automotive products are supplied by a well-developed distribution channel consisting of OEM and aftermarket. This industry is likely to rise significantly with the growth in the global automotive industry.
The growing demand for passenger cars worldwide has increased the application of flywheels. These flywheels are used to balance the engine, store energy, rotate different parts of the engine, and perform other functions in passenger vehicles. Also, the rising developments in the automotive industry and the increasing sales of commercial vehicles worldwide for numerous purposes have gained traction. In November 2023, Kohler launched the KDH hydrogen engine. This engine is based on a cooling circuit, power take-off, flywheel, and engine mounting points.
Moreover, using manual, semi-automatic, and automatic, continuously variable transmissions in different car models has increased the application of automotive flywheels. Thus, the increasing application of automotive flywheels in passenger cars, along with growing sales of commercial vehicles and other factors, is expected to boost the growth of the automotive flywheel market. Advancements in hybrid flywheels and the growing use of composites in flywheels are expected to create ample growth opportunities for the automotive flywheel market players in the upcoming years.
Automotive Flywheels Market Segmentation:
By Type
- Single Freewheel
- Multilevel Flywheel
By Application
- Passenger Cars
- Commercial Vehicles
Automotive Flywheels Market Companies:
- Schaeffler
- Linamar
- ZF
- Valeo
- EXEDY
- Mancor
- Metaldyne
- Skyway Precision and Waupaca Foundry
- Iljin
- ATTC
- Waupaca
- Pace
- Tupy
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