According to Stratistics MRC, the “Global Automotive Flywheel Market” is expected to grow at a CAGR of 5.3% from 2016 to 2023. Rising adoption of Dual Clutch Transmission (DCT) and Continuous Variable Transmission (CVT), increase in penetration of dual-mass flywheel, rising demand for automated transmission systems in developing countries and growing research on substitute materials are the factors driving the market growth. However, rising sales of electric vehicles are hampering the automotive flywheel market. Increasing research on emerging technologies such as Kinetic Energy Recovery System (KERS) and continuous energy storage in vehicles are some of the major trends prevailing in the market.
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The flywheel is an energy storage disc that reduces the fluctuation of energy by absorbing the extra energy produced at power stroke of the engine. Automotive flywheels are circular structures that are particularly made of steel or cast iron. The major 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 tensional spikes caused by engine vibration. Automotive flywheels are bolted to the engine crankshaft and they serve as mounting surface of the clutch assembly. During this engagement, the disc is clamped between the pressure plate and flywheel, resulting in power transfer from the engine to the transmission.
Opportunity: The improvements in technology would provide ample opportunities for market growth.
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.
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Driver: The increasing demand form the automobile sector is driving the market growth.
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 reduced fuel consumption, lighter weight and higher efficiency are anticipated to drive automotive flywheel market. Additionally, the demand for the flywheel is anticipated to witness a direct-correlation with the growth of automobile production and sales. 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.
Asia Pacific region is anticipated to hold considerable market share during the forecast period:
By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period. Asia Pacific region held a dominant position in the global automotive flywheel market and is projected to retain its dominance throughout the forecast period. Rising acceptance of incessantly 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 the increase of automotive flywheel market in the Asia Pacific region. Due to the involvement of nations such as Japan, China and India, where vehicle sales have risen as a result of augmented urbanization and increasing car purchases, the flywheel demand in this area has also been further affected. Constant technical development to lessen the weight of flywheels will further assist in the expansion of the APAC market.
Some of the key players in the global Automotive Flywheel market are EXEDY, Linamar, Mancor, Metaldyne, Schaeffler, Skyway Precision, Valeo, Waupaca Foundry and ZF Friedrichshafen AG.
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Linamar: In March 2017, 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.
Valeo: 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.
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