Automotive Flywheel Market Forecasts to 2028 – Global Analysis By Type (Dual Mass Flywheel, Single Mass Flywheel, Multilevel Flywheel), Vehicle Type (Light Commercial Vehicle, Medium & Heavy Commercial Vehicles, Passenger Vehicle), Sales Channel (Aftermar

Automotive Flywheel Market Forecasts to 2028 – Global Analysis By Type (Dual Mass Flywheel, Single Mass Flywheel, Multilevel Flywheel), Vehicle Type (Light Commercial Vehicle, Medium & Heavy Commercial Vehicles, Passenger Vehicle), Sales Channel (Aftermarket, Original Equipment Manufacturer (OEM)), and By Geography

According to Stratistics MRC, the Global Automotive Flywheel Market is expected to grow at a CAGR of 6.5% during the forecast period. The automotive flywheel is used for the transmission of power produced by the engine to the propeller shaft or the driving shaft of the automobile. It is a mechanical device that stores kinetic energy and enables smooth power variations. Additionally, automotive flywheels store energy during the power stroke and deliver it during idle strokes. Therefore, when the flywheel absorbs energy, its speed increases and when it releases energy, the speed decreases. Hence, a flywheel does not maintain a constant speed, it simply reduces the fluctuation of speed.

Market Dynamics:

Driver:

The increasing demand from the automobile sector

The rising growth in the automobile sector is an important driving factor associated with the automotive flywheel market. In this context, the increasing demand for automobiles with abridged fuel consumption, higher effectiveness and lighter weight are anticipated to drive automotive flywheel market. Flywheels are an integral part of all engines of automobiles, without which the engine seize to work. In an automotive engine operating on either four strokes or two-stroke, the power is produced only in the power stroke and all the other stages require external power, and for this reason, the flywheel is being rapidly used in the automobile sector.

Restraint:

Tighter emission norms

To support the government’s initiatives for emission standards vehicle manufacturers are working continuously on the new technologies. Dual-mass flywheels are now flattering popular to meet the tighter emission norms. It reduces the unwanted vibrations, reduces noise, improves the shifting comfort and prevents transmission damage. Dual-mass flywheels provide better fuel economy and protect the drivetrain. Dual-mass flywheel is popular among automobile manufacturers to reduce the weight of the vehicle and to maintain modern engine features in a vehicle which drives the global automotive flywheel market. According to SIAM, Society of India Automobile Manufacturers, India’s first Auto Fuel Policy was released way back in August 2002 which laid down the Emission and Fuel Roadmap up to 2010.

Opportunity:

The improvements in technology

Continuous improvement in the technology over some time to fulfil the rising demand because of different factors such as safety, comfort, and aesthetics is likely to expand the market of flywheels for automotive. Technological advancement such as a reduction in weight by utilizing several materials will be a significant element possibly creating opportunities for the flywheel market. The manufacturers have developed different technologies for enhancement of comfort factors, i.e. the reduction of the vibration produced within the transmission assembly. The technological implements such as manual transmission, semi-automatic transmission, and automatic transmission are creating ample opportunities for the market.

Threat:

Increasing electric vehicle sales

Increasing sales of electric vehicles is fettering the market. Expanding research on embryonic advances like Kinetic Energy Recovery System (KERS) and nonstop vigor stockpiling in vehicles are a fraction of the real patterns endearing in the market. Cars are primarily being focused upon by several automobile manufacturers as implementation of passenger electric vehicles is comparatively easier and a lot more economical than the same being implemented in commercial vehicles. According to International Energy Association (IEA), in United States, states of California, Oregon and Washington together organized an extensive network of DC fast charging station to boost the electric vehicle market in United States.

The passenger vehicle segment is expected to be the largest during the forecast period

The passenger vehicle segment is estimated to have a lucrative growth, due to increasing demand of passenger cars, crossovers, and sport utility vehicle worldwide, high penetration and demand for dual mass flywheel in such vehicles, and increasing sales and production of passenger cars.

The dual mass flywheel segment is expected to have the highest CAGR during the forecast period

The dual mass flywheel segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing market for premium segment automobiles, as dual mass flywheels are typically used in premium vehicles. Due to their intricate construction, dual mass flywheels have a better shock absorption capacity. It is a two-component device, one of which is attached to the engine of the vehicle and other is attached to the gear box of the vehicle. This helps to accumulate the energy and reduce vibration.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period, due to the healthy growth of automotive sales in EU countries. Europe region is projected to remain a flywheel industry center with a significant number of flywheel manufacturers. Stringent emission standards imposed by the European Union to combat global warming will indirectly impact the automotive flywheel market, as the design of lighter flywheels will continue to evolve. Dual mass flywheels are standard on European cars, while single mass flywheels continue to lose market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to rising urbanization, rise in the number of two and three-wheeled vehicles and passenger cars, growth of major manufacturing industries in the regions such as China, India and Japan, and growing purchasing power of consumers. In addition, 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.

Key players in the market

Some of the key players profiled in the Automotive Flywheel Market ZF Friedrichshafen AG, EXEDY Corporation, Schaeffler Technologies AG & Co. KG, Nasdaq, Inc, Valeo SA, Linamar Corporation, Skyway Precision Inc, AISIN SEIKI Co., Ltd., Metaldyne Performance Group Inc, Mancor Industries, Waupaca Foundry, Inc, Luthra Industrial Corp., JMT Auto Limited, Tilton Engineering, American Axle & Manufacturing, Inc., and LMB Euroseals (PTY) LTD.

Key Developments:

In January 2020, Valeo unveiled its autonomous, electric delivery droid prototype. The droid’s autonomy and electric power are delivered by Valeo technologies that are already series produced and aligned with automotive industry standards, thereby guaranteeing a high level of safety. This prototype gives a glimpse of what home delivery could look like shortly, especially in the ever-growing number of zero-emissions zones that are being created around the world.

In March 2017, Linamar has announced the release version of its flagship desktop simulation product, X-Plane 11. X-Plane 11 continues this evolution with new aircraft, scenery, and 3-D airports. This new version also incorporates the newest technology available in computing and graphics processing, resulting in breathtaking visual and dynamic effects.

Types Covered:
• Dual Mass Flywheel
• Single Mass Flywheel
• Multilevel Flywheel

Materials Covered:
• Maraging Steel
• Cast Iron
• Aluminum Alloy
• High Strength Steel

Vehicle Types Covered:
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicles
• Passenger Vehicle

Transmissions Covered:
• Semi-Automatic Transmission
• Manual Transmission
• Automatic Transmission

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances