Global automotive fly wheel market is expected to grow at a steady rate during the forecast period. The global automotive fly wheel market is driven by the increasing demand for light weight and energy efficient vehicles that require lesser fuel. Additionally, increasing consumer needs for more comfort, enhanced safety, aesthetics, among others are further expected to propel the market growth. Furthermore, technological advancements and new product launches by the major OEMs operating in the market is further expected to create lucrative opportunities for the market growth through 2028. However, increased adoption of electric vehicles can hamper the market growth over the next few years. Besides, the increasing trend of using refurbished equipment or just repairing them rather than replacing is further impeding the market growth during forecast period.
The global automotive fly wheel market is segmented based on vehicle type, product type, application, electric vehicle type, demand category, technology, material, company and region. Based on the vehicle type, the market has been categorized into passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger cars segment is expected to dominate the market on account of the increasing sales and production of passenger cars. Based on product type, the market can be fragmented into single mass, dual mass and others. The single mass is expected to dominate the market owing to the low cost and simple design of these. Additionally, advantages such as ability to use it repetitively after resurfacing, light weight, low cost, among others associated with single mass is further expected to drive the market growth. Based on material, the market can be fragmented into aluminium, cast iron and steel. Steel is expected to dominate the market on account of its high strength which enhances durability of automotive fly wheels. The aluminium segment is expected to grow significantly on account of its increasing use in sports cars on account of its less weight and high-speed regulation.
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Regionally, the automotive fly wheel market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall automotive fly wheel market owing to the presence of large number of OEMs operating in the market in the region. While the Asia Pacific region is expected to witness significant growth during forecast period owing to the increasing vehicle production and sales in the region. Additionally, low cost of labor, reduced import duties and opportunity to setup manufacturing facilities in the region at an affordable cost.
The major players operating in the automotive fly wheel market are Valeo SA, ZF Friedrichshafen AG, Linamar Corporation, Schaeffler Group, Skyway Precision, EXEDY Corporation, Tupy, Skyway Precision Inc., American Axle & Manufacturing, Inc., JMT Auto Limited, Lavacast, LMB Euroseals (PTY) LTD, Tilton Engineering, AISIN SEIKI Co., Ltd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze and estimate the market size of global automotive fly wheel market from 2018 to 2021.
- To estimate and forecast the market size of global automotive fly wheel market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global automotive fly wheel market based on vehicle type, product type, demand category, technology, material, company and regional distribution.
- To identify dominant region or segment in the global automotive fly wheel market.
- To identify drivers and challenges for global automotive fly wheel market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive fly wheel market.
- To identify and analyze the profile of leading players operating in global automotive fly wheel market.
- To identify key sustainable strategies adopted by market players in global automotive fly wheel market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global automotive fly wheel market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive fly wheel manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive fly wheel
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global automotive fly wheel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Fly Wheel Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Commercial Vehicles
- Global Automotive Fly Wheel Market, By Product Type:
- Single Mass
- Dual Mass
- Others
- Global Automotive Fly Wheel Market, By Demand Category:
- OEM
- Replacement
- Global Automotive Fly Wheel Market, By Technology:
- Manual Transmission
- Semi-Automatic Transmission
- Automatic Transmission
- Global Automotive Fly Wheel Market, By Material:
- Aluminum
- Cast Iron
- Steel
- Global Automotive Fly Wheel Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
- North America
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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