Advances in motor energy recuperation framework additionally gives development freedom to automotive flywheel market. Flywheel-based motor energy recuperation framework consistently moves the energy structure the wheels to the flywheels by factor transmission.
A flywheel is a mechanical gadget intended to store the rotational energy. Expanding interest for eco-friendly vehicles is a significant driver for development of the worldwide automotive flywheel market. Reception of duel mass flywheels by different Original Equipment Manufacturer (OEM) to decrease the heaviness of the motor by creating lightweight parts to improve eco-friendliness is relied upon to help development of worldwide automotive flywheel market over the figure time frame.
Flywheel-based active energy recuperation framework intends to precisely store active energy to other source from back driveshaft. GKN plc and Volvo are a portion of the significant organizations that utilization the flywheel hardware in there automotive items. For example, in 2015, GKN plc, an England-based automotive and aviation organization, reported the advancement of electric flywheel crossover framework for transports. In addition expanding deals of traveler vehicles additionally gives a development freedom to the worldwide automotive flywheel market. As indicated by 'Association Internationale des Constructeurs d'Automobiles' a France-based association, have sold 69.5 million units of traveler vehicles in 2016 from 66.3 million units in 2015.
In view of use, traveler vehicles fragment stood firm on predominant footing in the worldwide automotive flywheel market in 2016 and is projected to hold its strength all through the estimate period. Expanding request of traveler vehicles and game utility vehicle overall is one of the vital factor for development of the automotive flywheel market.
On the basis of geography, global automotive flywheel market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific held dominant position in the global automotive flywheel market in 2016 and is projected to retain its dominance throughout the forecast period. Increasing adoption of continuously variable transmission (CVTs) and Dual clutch transmission (DCTs) in various economies such as Japan and China and increasing adoption of automated manual transmission (AMTs) in India is expected to drive growth of automotive flywheel market in Asia Pacific region. According to ‘Organisation Internationale des Constructeurs d’Automobiles’ a France-based organization, an estimated 24.4 million units of personal cars were sold in 2016 in China from 21.2 million in 2015. Similarly, in India 3 million units of personal cars were sold in 2016 from 2.8 million in 2015.
Key players operating in global automotive flywheel market include Schaeffler Group, Linamar Corporation, ZF Friedrichshafen AG, Valeo, EXEDY Corporation, Mancor Industries, Metaldyne Performance Group Inc, Skyway Precision Inc, and Waupaca Foundry, Inc.
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