Passenger Cars Flywheel Market Cruising Ahead, Hitting $3 Billion, and Eyes 7.12% CAGR Growth Through 2028
According to TechSci Research report, “ Global Passenger Cars Flywheel Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Cars Flywheel Market stood at USD 3 billion in 2022 and is anticipated to grow with a CAGR of 7.12% in the forecast period, 2024-2028. A mechanical device called a flywheel can store kinetic energy and change electrical energy. It needed a certain amount of power, which drove the flywheel. Speakers, heavyweight edges, and large measurement wheels are all included on the flywheel. A variety of materials are used to make flywheels for automobiles. Other types of lead-based airplane tires can be found in kids' toys, used metal windows, old passenger car engines, and children's toys. An important factor in the growth of the automobile market is the introduction of automated mechanical and dual-clutch gearboxes. Increased auto production and sales are another reason behi...