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The Global Automotive Dual Mass Flywheel Market size was valued at USD 2.96 billion in 2019 and is anticipated to grow at a CAGR of 3.98% during the forecast period. Automotive flywheel is profitable solution to store extra kinetic energy produced in the engine of the vehicle, which releases the stored energy when required and thus is widely used to avoid energy fluctuation in the crankshaft of the vehicle. The duel mass flywheel is mounted at the end of the crankshaft in order to absorb the excess energy and is developed in order to protect the driveline from the torsional vibrations of the engine.
The global automotive dual mass flywheel market is driven by stringent government rules for the emission and noise control in the vehicles. However, the cost of the dual mass flywheel and the low life of the dual mass flywheel is expected to hamper the market growth during the forecast period.
Key Factors Impacting the Growth of Automotive Dual Mass Flywheel Market:
The automotive dual mass flywheel market segmentation is based on transmission type, material, vehicle type, sales channel, and region.
Transmission Type Outlook:
Based on transmission type, the global automotive dual mass flywheel market is separated into manual, semi-automatic, and automatic. The automatic transmission type segment with increasing demand for vehicle automation and ongoing development of semi-autonomous and autonomous vehicles is expected to register highest compound annual growth rate in the global automotive dual mass flywheel market during the forecast period.
Material Outlook:
Based on material, the global automotive dual mass flywheel market is divided into cast iron, maraging steel, and aluminum alloy. In 2019, the cast iron segment accounted for the highest revenue market share in the global market owing to its low cost and easily to functionality. Moreover, the increase in demand for light-weight vehicles are expected to increase in demand for aluminum alloy at the highest growth rate in the global automotive dual mass flywheel market during the forecast period.
Vehicle Type Outlook:
Based on vehicle type, the automotive dual mass flywheel market has been segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Passenger vehicle segment is expected to lead the automotive dual mass flywheel market growth with very high penetration and demand for dual mass flywheel in such vehicles.
Sales Channel Outlook:
Based on sales channel, the automotive dual mass flywheel market has been segmented into OEM and aftermarket. The OEM segment is currently dominating the automotive duel mass flywheel market growth with large lifespan and high penetration of automotive duel mass flywheel in new vehicles all over the world.
Regional Outlook:
Based on the region, the global automotive dual mass flywheel market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. The North America region includes countries like US, Canada, and Mexico. Western Europe region includes countries like Germany, UK, France, Italy, Spain, and others. Eastern Europe region includes countries like Russia, Turkey, and others. Asia Pacific region includes countries like China, Japan, India, South Korea, Australia, and others. The Middle East region includes countries like UAE, Saudi Arabia, Qatar, Iran, and others. Rest of the World includes South America and Africa.
In terms of revenue, North America holds a leading place in the global automotive dual mass flywheel market. This is due to the increasing demand for the noise and vibration-controlled vehicles along with the presence of established automotive industries in this region. Asia pacific region is expected to register highest growth rate with factors like increasing sale of passenger vehicle and increasing vehicle manufacturing in this region.
Europe region with presence of almost all major vehicles manufacturers and healthy growth of luxury and premium automotive sales in EU5 countries with highest adoption rate for automotive dual mass flywheel is expected to register substantial market share in global automotive dual mass flywheel market during the forecast period.
The report analyzes factors affecting the global automotive dual mass flywheel market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the automotive dual mass flywheel market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.
Competitive Landscape
Major companies are operating in the global automotive dual mass flywheel market are concentrating on the strategic mergers and new product developments to expand their portfolio and gain a competitive edge in the global automotive dual mass flywheel market to increase their respective markets shares. The key leading players in the automotive dual mass flywheel market include EXEDY Globalparts, JMT Auto Limited, Lavacast, Linamar Corporation, LMB, Euroseals (PTY) LTD AISIN SEIKI Co., Ltd., American Axle & Manufacturing, Inc., AMS Automotive, AmTech International, Platinum Driveline, Schaeffler AG, Skyway Precision, Inc, Tilton Engineering, Valeo SA, and ZF Friedrichshafen AG, and among others.
This report also includes the profiles of key automotive dual mass flywheel market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new transmission product launch, new Transmission product developments, and other latest industrial developments.
Key developments in global automotive dual mass flywheel market:
What Does This Report Provide?
This report provides a detailed understanding of the global automotive dual mass flywheel market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Transmission Type
By Material
By Vehicle Type
By Sales Channel
By Region:
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