The Asia Pacific Automotive Flywheel Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
The primary purpose of an automobile flywheel is to store the energy produced by each piston's power stroke and then transfer it to the crankshaft, allowing it to rotate smoothly through the next power stroke. The other purpose is to reduce the harmful torsional spikes that engine vibration causes. The clutch assembly is mounted to the automotive flywheel and fastened to the engine crankshaft. During engagement, the disc is confined between the pressure plate and flywheel, transferring engine power to the transmission.
The use of flywheels in automobiles is increasing continuously. They are utilized in high-end electrical utilities that require dependable energy storage, hybrid automobile systems, and other sectors where significant power needs to be produced. Different flywheels can store and release energy when used in systems like wind turbines, photovoltaics, and other renewable energy sources.
The development of new technology is a constant effort among vehicle makers to support government initiatives for emission requirements. Due to the stricter pollution standards, dual-mass flywheels are increasingly becoming common. Flywheels with two masses offer improved fuel efficiency and safeguard the powertrain. Additionally, it lessens the vehicle's overall weight. Due to this, the market is expanding as dual-mass automobile flywheel deployment soars.
The market for automobile components is now more important to Chinese authorities. The goal of Chinese suppliers is to supply the automobile component sector with basic and low-end goods and services. Additionally, the growing need for high-tech, high-value products, including those for engines, transmission systems, and automobile detailing supplies, opens up many prospects for the market's expansion. Furthermore, it is projected that government measures will aid in the growth of the auto industry, which will fuel market expansion. China's efforts to boost regional demand, particularly in the auto industry, have increased as a result of the economy's slow growth. In the following years, it is anticipated that these factors will support market expansion.
The China market dominated the Asia Pacific Automotive Flywheel Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,012.1 Million by 2030. The Japan market is exhibiting a CAGR of 3.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 4.5% during (2023 - 2030).
Based on Type, the market is segmented into Single Mass and Dual Mass. Based on Transmission Type, the market is segmented into Manual Transmission, Semi-Automatic & Automatic Transmission and Continuously Variable Transmission. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Flywheel Market is Projected to reach USD 9.5 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ford Motor Company, Schaeffler AG, Valeo SA, ZF Friedrichshafen AG, Aisin Corporation (Toyota Motor Corporation), EXEDY Globalparts Corporation (EXEDY Corporation), AMS Automotive LLC, Pioneer Automotive Industries LLC (Lodi Group), Skyway Precision, Inc. and SPEC Clutch, Inc.
By Type
By Transmission Type
By Distribution Channel
By Vehicle Type
By Country
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