Global Automotive Flywheel Market 2020-2025

March 19, 2020
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GLOBAL AUTOMOTIVE FLYWHEEL MARKET

INTRODUCTION

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.

 

MARKET SEGMENTATION

By Type of Vehicle

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Material Used

  • Cast Iron
  • High Strength Steel
  • Aluminium Alloy
  • Maraging Steel

By Type

  • Single Mass Flywheel
  • Dual Mass Flywheel

By Geography

  • US
  • China
  • Europe
  • ROW

MARKET DYNAMICS

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.

MARKET BY FLYWHEEL TYPE

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

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 AUTOMOTIVE 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.

ASIA AUTOMOTIVE FLYWHEEL 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.

MARKET SIZE AND FORECAST

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.

COMPETITIVE LANDSCAPE

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).

COMPANY PROFILE

  1. Schaeffler Technologies AG
  2. ZF Friedrichshafen AG
  3. Linamar Corporation
  4. Mancor Indiana, Inc.
  5. EXEDY Globalparts
  6. METALDYNE International (UK) Ltd
  7. Skyway Precision, Inc.
  8. Zhejiang Tieliu Clutch Co., Ltd.
  9. Luthra Industrial Corporation
  10. Valeo SA
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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