Flywheel Market - Snapshot

Flywheel is an energy storage disc that primarily reduces the fluctuation of energy by absorbing the extra energy produced at power stroke of the engine. Automotive flywheels are circular structures that are generally made of steel or cast iron. The main function of the automotive flywheel is to stock energy from each piston’s power stroke, and then send it to the crankshaft so that it continues rotating effortlessly through the next power stroke. The secondary function is to dampen damaging torsional spikes caused by engine vibration. Automotive flywheels are bolted to the engine crankshaft and serve as the mounting-surface of the clutch assembly. During engagement, the disc is clamped between the pressure plate and flywheel, resulting in power transfer from the engine to the transmission.

global automotive flywheel market

The global automotive flywheel market is expanding due to rising penetration of semi-automatic transmission systems such as dual clutch transmission and automated manual transmission, coupled with the increasing production of vehicles. Increasing production of vehicles is a major factor driving the automotive flywheel market. Increasing population, urbanization, and purchasing power of the population are the major factors boosting the production of vehicles. Increasing per capita income has empowered society to buy leisure items, which has led to the increasing demand for vehicles. The market for automotive flywheel is continuously growing as it is one of the cost effective components for energy absorption. The growing market for electric vehicles may affect the market for automotive flywheels owing to elimination of engines from vehicles as the prime function of flywheels is to absorb the vibration produced from internal combustion engines. Removal of the entire conventional transmission system from electric vehicles is likely to reduce the growth of the automotive flywheel market.

In terms of flywheel type, both single mass and dual mass flywheel are growing at a significant rate; however, dual mass flywheel segment is likely to expand through the forecast period with the growth in the market for premium segment vehicles, as dual mass flywheels are mostly installed in premium vehicles. Dual mass flywheels possess higher absorption of shock due to their complex construction. Globally, single mass flywheels segment is expanding at the fastest rate due to its implementation in most commercial vehicles and entry level passenger vehicles along with its application in sports cars and some premium cars. Single mass flywheels are lighter than dual mass flywheels which make them more suitable to install in fast cars.

On the basis of transmission, the semi-automatic transmission segment is expected to expand at a significant rate owing to its low cost compared to automatic transmission systems. Semi-automatic transmission systems are gaining popularity due to their ease of drivability and better fuel consumption as compared to manual transmission systems.

Asia Pacific is a major market for automotive flywheels due to the significant production of vehicles in the region. Asia Pacific is the hub for flywheel manufacturers due to availability of resources at a lower cost. High sale of vehicles due to increasing disposable income has always been a major factor for investment by large manufacturers in the region. According to OICA (International Organization of Motor Vehicle Manufacturers), Asia Pacific witnessed the highest registration of vehicles among all the regions across the globe in 2017, which indicates the high consumption rate of vehicles in the region.

The automotive flywheel market is dominated by the presence of both major and small players. Key players such as ZF Friedrichshafen AG, AISIN SEIKI Co.,Ltd., American Axle & Manufacturing, Inc., Schaeffler AG, and Valeo hold a major share of the market.

ZF Friedrichshafen AG is a prominent player and holds a major share of the flywheel market for automotives. The company focuses on joint ventures for its expansion and growth. Valeo is another major manufacturer of flywheels for vehicles and has specialization in manufacturing of flywheels for different segments. Valeo holds a prominent position in the automotive flywheel market.

Flywheel Market - Overview

This report analyzes and forecasts the automotive flywheel market at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (Mn Units) from 2018 to 2026. The study highlights the effect of all the factors that can contract or expand the flywheel market globally as well as regionally. The report also highlights opportunities in the automotive flywheel market at the global and regional level.

The report contains value chain analysis, which provides a comprehensive view of the global automotive flywheel market. The Porter’s Five Forces analysis of the automotive flywheel market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global automotive flywheel market by segmenting the market in terms of flywheel type, materials, transmission, sales channel, vehicle, and region. These segments have been analyzed based on present and future trends. Regional segmentation comprises current scenario along with forecast of the automotive flywheel market. The forecast provided is based on the compilation of current trends as well as the expected scenario in future due to change in technological, geographical, political, and economic factors such as the fact that the electric vehicle market is expected grow at a significant rate. As flywheel is installed with transmission unit, the market may get affected due to rising preference of people toward electric vehicles as they have different transmission units that do not encompass flywheels.

The study includes profiles of major companies operating in the global automotive flywheel market. The major share of the market is held by a few key players and the rest is fragmented between small manufacturers. The company profile of major players of the automotive flywheel market from different regions included are AISIN SEIKI Co., Ltd., American Axle & Manufacturing, Inc., AMS Automotive, EXEDY GlobalParts, JMT Auto Limited, Lavacast, LMB Euroseals (PTY) LTD, Tilton Engineering, Linamar Corporation, Platinum Driveline, Schaeffler AG, Skyway Precision, Inc., Valeo, and ZF Friedrichshafen AG. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The market for automotive flywheel is primarily driven by rising production of vehicles. Being a cost effective component for energy conservation, continuous development and changes in design has propelled the flywheel market.

The report provides the estimated market size of the automotive flywheel market for 2017 and forecast for the next nine years. The global market size has been provided in terms of revenue (US$ Mn) and volume (Mn Units). Market figures have been estimated based on flywheel type, materials used, transmission, sales channel, vehicle type, and regional segments of the flywheel market. Market size and forecast for each major segment have been provided in terms of global and regional/country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion from leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.

Primary research involves e-mail interactions and telephonic interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The automotive flywheel market has been segmented as follows:

Global Automotive Flywheel Market: By Flywheel Type

  • Single Mass Flywheel
  • Dual Mass Flywheel

Global Automotive Flywheel Market: By Material

  • Cast Iron
  • Maraging Steel
  • Aluminum Alloy

Global Automotive Flywheel Market: By Transmission

  • Manual Transmission
  • Semi-Automatic Transmission
  • Automatic Transmission

Global Automotive Flywheel Market: By Sales Channel

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

Global Automotive Flywheel Market: By Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Flywheel Market: By Region/Country/Sub-region

  • North America
    • S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa