Automotive flywheel Market - Global Industry Insights, Analysis, 2017–2025 A flywheel is a mechanical device that is designed to store the rotational energy. The increasing demand of fuel efficiency vehicles is a major driver for growth of the global automotive flywheel market. The increasing adoption of duel mass flywheels by various OEMs to reduce the weight of the engine by developing lightweight components and in turn increase the fuel efficiency provides a swift growth to the global automotive flywheel market. Request Table of Content of This Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/675 The increasing innovation of kinetic energy recovery system also provides the major growth to the automotive flywheel market globally. Flywheel based kinetic energy recovery system transfers the energy form the wheels to the flywheels is the continuously variable transmission. The key idea behind the adoption of flywheel based kinetic energy recovery system is to mechanically store the kinetic energy to the other source from rear driveshaft for the use at another time. The other source is flywheel. GKN plc and Volvo are some of the major companies that use the flywheel equipment in there automotive products. For example, in 2015, GKN plc, an England based automotive and aerospace company, announced the development of electric flywheel hybrid system for buses. Moreover the increasing sales of passenger cars also provides a growth opportunity to the global automotive flywheel market. According to “Organisation Internationale des Constructeurs d’Automobiles” a France based organization, have accounted that in 69.5 million units of passenger cars have sold globally in 2016 up from 66.3 million units in 2015. Automotive flywheel market taxonomy On the basis of application, the global automotive flywheel market is classified into: ● Passenger cars ● Light commercial vehicles ● Medium & heavy commercial vehicles Based on application the passenger cars segment holds the dominant position in the global automotive flywheel market in 2016 and is projected to retain its dominance throughout the forecast period. The rising demand of passenger cars, crossovers and sport utility vehicle around the globe become one of the key factor for the growth of the automotive flywheel market in the Passenger car application.
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