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The flywheel in an automobile is used to transfer the stored energy generated from the engine to the driving shaft of the vehicle. They also serve as mounting surface for clutch assembly. Increase in penetration of Automated Manual Transmission (AMT), Dual Clutch Transmission (DCT) and Continuous Variable Transmission (CVT) are the main factors driving the flywheel market.
Different components undergoing changes to reduce the weight of an automobile has propelled the development of lightweight flywheels; this has increased the flywheel market. However, increase in electric vehicles has restrained the growth of the flywheel market.
The global automotive slowdown is a cause of major concern for flywheel manufacturers. China automotive market has contracted 16% i.e. from 25 Million units in 2016 to 21 Million units in 2019. Europe auto sales gained 1% YOY in 2019 but 2020 could see a decline of more than 15% due to the ongoing COVID-19 Pandemic.
The Single Mass Flywheel which comes in direct contact with the engine and clutch assembly is a single piece structure. They have high heat capacity allows engine to rev quicker. These are suitable for track cars. SMF are slowly phasing out as DMF is dominating the market.
The dual mass flywheel is adopted in the modern vehicles considering its superiority over the single mass flywheel. Dual mass flywheel (DMF) is has come out as fuel efficient and has also reduced the vibrations in the engine. The dual mass flywheel has undergone various developments and this will encourage the manufacturers for a scope in flywheel market.
Dual mass flywheel with centrifugal pendulum absorber is gaining popularity and has been used an attachment to the DMF. This helps in reduction of torsional vibrations caused by the engine and reduces the damping noise usually heard at low engine speeds.
However, high cost and its comfortable wear out of DMF would curtail its demand in the market.
US automotive flywheel market is third biggest after China and Europe as 74% passenger cars sold in the country are equipped with Torque converter automatic transmission. The Torque converter transmission equipped vehicles don`t have a flywheel as the fluid coupling of torque converter does the job of energy storage during power stroke of combustion cycle.
Due to rise in demand for noise and vibration controlled vehicles; there is a need for advanced flywheel development and thus propelling the flywheel market.
Europe with large number of flywheel manufacturers is expected to remain a hub in the flywheel market. Stringent emission norms from European Union to tackle global warming is indirectly going to affect the flywheel market as there will be continuous development the design of the lighter flywheel. European cars come with stock Dual Mass Flywheel as Single mass flywheel continues to lose the market.
The fastest growing market of the automobile is Asia region. This is mainly due to increased number of two and three wheeled vehicles in addition to the increasing passenger cars. Asia is expected to hold the largest revenue share for automotive flywheel market in the coming years.
With the decrease in weight, there is an increase in fuel efficiency; this can bring down the CO2 emission rate down. To achieve this, manufacturers are constantly developing new flywheel designs and are working towards it. There have been hefty investments in flywheel R&D so as to increase the energy storage capacity and apt material selection of the flywheel.
The global automotive flywheel market was estimated at XX units in 2020, growing at 4% CAGR till 2025.
Some of the key players in the global flywheel market are Schaeffler Technologies (Germany), Skyway Precision (US), Linamar Corp (Canada), ZF Friedrichshafen (Germany), Zhejiang Tieliu Clutch Co., Ltd (China) and Luthra Industrial Corp (India).
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