Automotive Flywheel Market by Material (Iron, Steel, Others), by Type (Single Mass, Dual Mass), by Vehicle Type (Passenger Cars, Commercial Vehicles), by By Geography (North America) Forecast 2024-2032
The Automotive Flywheel Marketsize was valued at USD 13.79 USD Billion in 2023 and is projected to reach USD 15.84 USD Billion by 2032, exhibiting a CAGR of 2.0 % during the forecast period. An automotive flywheel is a mechanical device that is used for storing rotational energy as well as for maintaining stability in Engine Speed, since it minimizes the shock, by leveling out the fluctuations in the Flywheel. Normally used in internal combustion engines, it is a strong and reciprocating wheel used and connected to the crankshaft. There are generally two variants of flywheel which are the single-mass flywheel and the dual-mass flywheel. A single-mass flywheel is easier and built to last, whereas double-mass flywheels lessen the unpleasant rattle in the vehicle. Some of the known characteristics include their capacity to improve engine power, increase shift quality, and aid in the starting process of a car’s engine. They are widely used in both manual and automatic cars and play a vital role in vehicle performance or their daily use.
The automotive flywheel market growth is predominantly driven by the surge in demand for vehicles with improved fuel efficiency and reduced emissions, favorable government regulations promoting the adoption of fuel-efficient technologies, and advancements in flywheel technology.
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The automotive flywheel market exhibits significant growth potential across various regions globally. North America and Europe are prominent markets due to the presence of major automakers and advanced manufacturing capabilities.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 2.0% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 2.0% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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