The Europe Automotive Flywheel Market would witness market growth of 3.0% CAGR during the forecast period (2023-2030).
A lighter flywheel enhances the vehicle’s speed by allowing the engine to rotate more freely. It is also necessary to reduce the weight of automotive components to enhance the effectiveness of individual driving dynamics. In addition, the regional increase in demand for high-performance automobiles has also increased the need for high-performance automotive flywheels and kinetic energy storage systems that enhance the vehicle's drivability on high-speed tracks and off-road terrains.
A significant contributor to the growth of market is the competition among flywheel producers, who are continually working to stand out their products by introducing features that meet the demands of the automobile industry for weight, speed, and transmission. The amount of CO2 emissions has been rising internationally since 2012, that impacts the environment.
Europe, comprised of numerous nations that excel in the automobile sector, is one of the world's top producers of automobiles. The automotive industry significantly contributes to the national economy, particularly in Italy. According to the International Trade Association, around €106 billion ($119 billion), or 6.2% of Italy's GDP and 11% of its industrial turnover, were accounted in 2019. In 2019, Italy manufactured around 914,000 vehicles, while in 2020, 1.381,496 new cars were given registration. With over 25 percent of all vehicles produced and 20 percent of new registrations, the German automotive sector is the leader in Europe in producing and selling passenger automobiles. This continuous growing automotive industry within the regional nations is further predicted to support the growth of regional market.
The Germany market dominated the Europe Automotive Flywheel Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $604 Million by 2030. The UK market is exhibiting a CAGR of 2.2% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 3.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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