Global Automotive Flywheel Market to Witness Massive Growth in the Coming Years

Automotive flywheels are rotating mechanical devices made of steel or carbon fiber that store rotational energy. Flywheel rotation rate is few thousand RPM (Rotations per Minute). Flywheels supply energy as per vehicle requirement. They are positioned between the internal combustion engine and clutch system in a vehicle and are attached to a crankshaft. Crankshafts are attached to the pistons which move to and fro inside a cylinder. Flywheels are not visible from outside.

A four-stroke engine consists of four stages: intake, compression, power, and exhaust. When no flywheel is present in an automotive engine, it does not produce any torque or rotational motion during the intake, compression, and exhaust stage. High torque or rotational motion is only developed during the power stage. Due to the high torque developed in the power stage, passengers inside a vehicle feel a jerk. When a flywheel is present and attached to the crankshaft, all four stages have comparatively same level of torque or rotating power. Thus, no jerk is felt by passengers inside a vehicle. Flywheel due to its inertia and the rotational energy stored by them during the power stage is deliver force during intake, compression and exhaust stages. The energy stored in a flywheel is proportional to the square of its angular velocity. The flywheels are connected to a vehicle’s clutch system. Dual-mass flywheels are generally used in the automotive industry.

By vehicle type, the automotive flywheels market is classified into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The market share of passenger vehicles is more than commercial vehicles except in North America.

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By geography, the automotive flywheels market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a prominent automotive flywheel market, with the U.S. the dominant market in this region. Canada and Mexico are other major markets in this region. Europe is another major automotive flywheel market. Germany is the largest market in Europe. France, U.K., Spain, Italy, Sweden, Belgium and Netherlands are other major markets in Europe. Asia Pacific is one of the largest automotive flywheel markets in the world led by China. Japan, India, South Korea and Australia are other major markets in this region. The Middle East & Africa is a significant automotive flywheel market led by Saudi Arabia, Turkey, Iran, and South Africa. Latin America is also a major automotive flywheel market led by Brazil and Argentina. Brazil is the largest automotive flywheel market in Latin America.

Rising demand for both passenger and commercial vehicles is driving the growth in sales of automotive flywheels. Rising penetration of continuous variable transmission (CVT) and dual clutch transmission (DCT) is increasing the demand for automotive flywheels. Carbon fiber flywheels weight less and rotate faster than other flywheels. Rising demand for vehicles with high fuel efficiency and low vehicle emission is anticipated to increase the demand for carbon fiber flywheels. Major automotive OEMs such as Volvo Car Corp. and Audi AG are testing carbon fiber flywheel technology for implementation in their vehicles.

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A major restraint in the global automotive flywheel market is the rising sale of electric vehicles across the world. Major automotive manufacturers such as Volvo Car Corp., Daimler AG, and BMW AG plans to increase production and sale of electric vehicles in the coming years.

The report highlights the diverse competitive strategies implemented by key players operating in the market. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis, and historical revenue. The report also contains details of market share analysis of key players in the market. The major firms operating in the market are Schaeffler Group (Germany), Linamar (Canada), ZF Group (Germany), Valeo (France), EXEDY Global Parts (the U.S), Metaldyne (the U.K.), Skyway Precision, Inc (the U.S.) and Waupaca Foundry Inc. (the U.S.)

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