USD 7.13 Billion
Automotive Flywheel Market Size, Share, Growth Analysis, By Material(Iron, Steel, Others), By Type(Single Mass, Dual Mass), By Vehicle type(Passenger Cars, Commercial Vehicles), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2187 |
Region:
Global |
Published Date: October, 2024
Pages:
223
|Tables:
88
|Figures:
70
Automotive Flywheel Market Insights
Global Automotive Flywheel Market size was valued at USD 13.87 billion in 2022 and is poised to grow from USD 14.13 billion in 2023 to USD 16.43 billion by 2031, growing at a CAGR of 1.9% in the forecast period (2024-2031).
The global Automotive Flywheel Market gives important facts about how the car industry works. It mainly looks at making, needing and fashions of flywheels for vehicles. The main reason for studying this market is to see what makes it grow and find chances and issues in the business. One main reason for the growth of the automotive flywheel market is a greater focus on using less fuel and reducing emissions in cars. Flywheels are very important for storing and managing energy. They help make everything work better together. But, even with these improvements, some things hold back including the change to electric cars and how complicated power systems have gotten. This could reduce the need for old flywheel systems. Also, tough rules about emissions and the need to keep creating new things make it hard for those in the market. On the brighter side, the market offers chances. These especially come from creating new materials and tech for light and fast flywheels.
As the car industry changes, there's a big chance for makers and sellers in the world market to get new ideas. This helps them do more with cars. In the end, checking out all parts of this business shows a world where strong forces keep things moving. They get mixed up with controls and chances shaping how the auto wheel part market will go forward in the next few years.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Single-mass
Fastest Growth
Dual-mass
Growth Rate
3.8% CAGR
Global Automotive Flywheel Market ($ Bn)
Country Share for North America Region (%)
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Automotive Flywheel Market Segmental Analysis
Global Automotive Flywheel Market is segmented on the material, type, vehicle type, and region. By material, market is segmented into iron, steel, and others. By type, market is segmented into Single Mass, and Dual Mass. By vehicle type, market is segmented into Passenger Cars, and Commercial Vehicles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The single-mass flywheel segment is the largest segment in the market. This therefore makes them popular in many types of cars. The car industry likes efficiency and does not want to waste money. This has led to the popularity of single-mass flywheels in the powertrain systems of many vehicles across the world. They work a lot on improving the way cars run smoothly. As a core part of the market, single-mass flywheels have some good history and may be used in many different ways. They refer to the producers and consumers.
The fastest-growing sector in the market is the dual mass flywheel segment. This increase is due to rapid advancement in technology and high demand for better performance with less shaking in today’s cars. Better shock absorption qualities of double-mass flywheels minimize the engine shakes, providing a smoother ride. The application rate of dual-mass flywheels is rapidly increasing as an increasing number of car fans and makers pay much attention to the smooth drive. More and more people want dual-mass flywheels because of the growing fast and electric car market. These vehicles require a lot of precision and efficiency. So, one can say that the two-mass flywheel part not only indicates the top technology for car flywheels but also makes growth in world markets happen.
Analysis By Transmission Type
The largest segment is the Automatic Transmission. Automatic Transmission is the largest segment. This is a big increase in demand which has occupied a large share of the market due to many modern cars using it. Automatic gearboxes have become very popular as today there are more cars in the streets and people prefer easy driving. By 2022, 60% of the market consisted of cars that switch gears autonomously. This is because they are liked around the world as easy and smooth drivers. The main reason why people like automatic gears is that they are easy to use, especially in cities with many stops and starts. With the changing world of car systems, advancements in automatic shift technology such as those in twin-clutch ones and endless moving transmissions CVTs make this part even more significant.
The fastest-growing segment in the Global Automotive Flywheel Market is the Continuously Variable Transmission (CVT). People like CVTs because they can give a smooth range of gear ratios. This makes cars use less fuel and drive better. In the last money year, the CVT part had a record growth of 15%, beating other kinds of gear systems. The growth is due to people being more aware of fuel efficiency, rules on lower emissions, and the car industry's wider move towards environmentally friendly options. CVTs can make engines work better at different speeds. They are very important in the car flywheel market because they're popular, and their future looks good too. This makes people who care about this market want to use it more by finding out what customers like and how the industry is changing.
Global Automotive Flywheel Market By Type
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Automotive Flywheel Market Regional Insights
Asia Pacific emerges as the dominating region in this market, fueled by the robust automotive industry in countries such as China and India. The area's big lead comes from making lots of cars, people wanting more fuel-efficient vehicles, & concentrating on cutting down pollution. Also, important car makers and suppliers in Asia Pacific make it easier to get parts for automotive flywheels. This helps the region to be number one in the world's sales of these goods.
Europe stands out as the fastest-growing region in the Global Automotive Flywheel Market. The European car industry, famous for its tech advancements and strong rules on the environment, values high-end powertrain technology a lot. So, the use of car flywheels is becoming more popular in this area because they help save fuel and reduce pollution. European car makers and suppliers are using flywheel systems more in their cars. They keep researching to make them better, which is causing fast growth of this market in Europe related to automotive flywheels. Europe has the best mix of tech know-how, care for nature, and a strong car industry. This makes them leaders in developing and using the important parts needed to make cars.
Global Automotive Flywheel Market By Region
- Largest
- Fastest
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Automotive Flywheel Market Dynamics
Drivers
Increasing Demand for Fuel Efficiency
- One of the main reasons for growth in the global automotive flywheel market is that more and more people are wanting cars that use less fuel. As car makers and buyers both care about saving the environment and using less fuel, it is important to have technologies that make vehicles work better overall. In cars, flywheels help save and store energy. This makes the car use fuel better by getting back some moving energy when it slows down.
Growing Adoption of Hybrid and Electric Vehicles
- The growing use of hybrid and electric cars is a big reason for the automotive flywheel market to grow. With the car world moving to better and cleaner energy choices, more people are choosing hybrids and electric cars. Flywheel power storage systems can be added to these cars. They help save more energy and improve the overall effectiveness of electric engines.
Restraints
High Initial Cost and Complex Integration
- One of the restraints affecting the global automotive flywheel market is the high initial cost of implementing flywheel systems in vehicles. The cost of tools and stuff in flywheels can be high, making it tough for some makers to use them a lot. Furthermore, adding flywheel devices to old car designs can be difficult. It may need big changes which will increase the total price even more.
Competition from Alternative Energy Storage Technologies
- The automotive industry faces competition from various alternative energy storage technologies, such as batteries and supercapacitors. While wheels that fly offer special benefits like strong power and fast reactions, they have to face other growing technologies. Other ways to store energy can make it hard for companies. They have to pick the best tech for their use.
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Automotive Flywheel Market Competitive Landscape
The global automotive flywheel market is characterized by intense competition and a dynamic landscape shaped by key players striving to gain a competitive edge. companies in the market. companies concentrate on new ideas, improvements in tech, and working together with others to make their products better. They also focus on staying in a strong place in the market. Also, new companies and special players are coming into the market. This makes the competition even stronger. Rules for lowering pollution and more people wanting cars that use less fuel are making the automotive flywheel area come up with new ideas. As people try to get more of the market, using light materials and smart ways to make things has become very important for staying ahead. The fight will change because of more research and work happening, powerful partnerships, and always focus on making auto flywheel systems that are perfect. This is done to meet the changing needs of people around the world who have cars or trucks.
Top Player’s Company Profile
- AISIN SEIKI Co., Ltd. (Japan)
- American Axle & Manufacturing, Inc. (US)
- AMS Automotive (US)
- EXEDY Globalparts (Japan)
- JMT Auto Limited (India)
- Lavacast (US)
- Linamar Corporation (Canada)
- LMB Euroseals (PTY) LTD (South Africa)
- Platinum Driveline (US)
- Schaeffler AG (Germany)
- Tilton Engineering (US)
- Valeo (France)
- ZF Friedrichshafen AG (Germany)
- Aupaca Foundry, Inc. (US)
- Skyway Precision Inc (US)
- Metaldyne Performance Group Inc (US)
- Mancor Industries (Canada)
- EXEDY Corporation (Japan)
- PUNCH Flybrid (Belgium)
- Zhejiang Tieliu Clutch Co., Ltd. (China)
- Schaeffler Technologies AG & Co. KG (Germany)
Recent Developments
- In September 2022 – Valeo won the PACE award for its Pendulum Dual Mass Flywheel Gen. 2. It helps lessen Noise, Vibration, And Harshness (NVH) associated with hybrid automobiles' start and forestall mechanisms.
- In July 2022 – Schaeffler's Automotive Aftermarket division formally inaugurated its new international headquarters in Frankfurt’s Gateway Gardens district in Germany.
- In June 2022 – ZF Aftermarket urged garages to explain to clients that putting in a simpler, less expensive replacement element for Dual Mass Flywheel (DMF), including an unmarried-mass flywheel on regular-use passenger cars, dangers unfavorable to the transmission.
Automotive Flywheel Key Market Trends
- Development of Advanced Composite Materials: A notable market trend in the automotive flywheel sector is the continuous development of advanced composite materials. Scientists and makers are looking at strong, lightweight stuff to make flywheels work better. Advanced composites help make flywheel systems lighter and stronger. This is in line with an industry goal of having things weigh less to use fuel better.
- Integration of Smart and Connected Technologies: The integration of smart and connected technologies is a growing trend in the global automotive flywheel market. This involves using sensors and control systems that allow constant watch and improvement of flywheel performance. Smart tools can give information about energy return, how well the system is working, and total efficiency. This helps to better fit these systems with car controls and make them work even better for storing power from flywheels in vehicles.
Automotive Flywheel Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive Flywheel market analyses, the worldwide Auto Flywheel market is expected to grow a lot in the years ahead. This growth comes from different reasons that highlight how the car industry is changing. The growing need for fuel-efficient cars and the rising concern about eco-friendly transport are big reasons behind using car flywheels. These parts are very important in storing and managing energy, especially in cars with electric or hybrid power systems. Moreover, tough rules about emissions all over the world are driving car makers to look at new technologies that can improve the efficiency of whole vehicles. The market is seeing a big increase in work being done, with makers putting money into new materials and plans to make light but strong flywheels. Also, the increasing number of electric cars and people becoming more aware of environmental problems are likely to increase the need for car flywheels. Cost issues and the need for standard processes might make it difficult for market growth. In the end, the Global Automotive Flywheel market has good chances. It's because companies involved want to make moving more sustainable and effective. People in the market will most probably pay attention to teamwork and smart partnerships. This is to keep up with new technology developments, so they can stay ahead in this busy environment.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.87 billion |
| Market size value in 2031 | USD 16.43 billion |
| Growth Rate | 1.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Flywheel Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Flywheel Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Flywheel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Flywheel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Flywheel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Flywheel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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