An automotive flywheel is a mechanical device that stores rotational energy and provides a smooth, consistent transfer of power between the engine and the transmission. It is typically mounted to the engine crankshaft and connected to the clutch assembly in a manual transmission or torque converter in an automatic transmission. The flywheel mass and rotational inertia help to keep the engine running smoothly and prevent stalling, as well as providing a stable platform from the clutch or torque converter to engage and disengage. However, a flex plate is a component of the automatic transmission that connects the engine to the transmission. It serves as a coupling between the engine and the transmission and helps to balance the rotating assembly. The flex plate is usually made up of steel and has a ring gear attached to it which engages the stator motor to the engine.
Semi-automatic transmission is a type of transmission that combines the features of a manual and automatic transmission. In a semi-automatic transmission, the flywheel is a rotating mechanical device that is attached to the engine’s crankshaft and stores rotational energy. The flywheel’s function is to smooth out the engine’s power output and provide a constant rotational force for the transmission. An automatic transmission with a flywheel is a type of gearbox that uses a torque converter instead of a clutch to transmit power from the engine to the transmission. In an automatic transmission, the flywheel is still present and serves the same function as in a semi-automatic transmission. The torque converter is a fluid coupling device that allows the engine to spin independently of the transmission, which eliminates the need for a clutch. The flywheels’ role in an automatic transmission is to provide a constant rotational force to the transmission and to smooth out the engine’s power.
The continuously variable transmission (CVT) industry has experienced significant growth in recent years due to Increase in demand for fuel-efficient vehicles, as CVT transmissions for better fuel economy compared to traditional automatic transmissions. In addition, the CVT technology offers a smoother driving experience, which is appealing to many consumers. Owing to their capacity to deliver a smooth and efficient action power transfer, CVT transmissions have become more common in hybrid vehicles. The popularity of these alternative-powered vehicles has Increased demand for CVT transmissions. This has propelled the growth of the CVT flywheel market.
Moreover, the Increase in demand for heavy-duty and luxury vehicles and the Increase in diesel vehicles have accelerated the commercial vehicle industry. The surge in awareness for an environmentally sustainable solution has motivated commercial vehicle manufacturers to develop vehicles that reduce carbon emissions. Commercial vehicles are routinely exposed many times more than regular vehicles. Most are commercially operated and must work reliably even under the harshest conditions. Heavy loads combined with adverse road conditions require robust, high-quality components. Therefore, an Increase in demand for durable and high-quality complete solutions drives the demand for the segment in the market. In addition, commercial vehicle components manufacturers witnessed a significant Increase in demand from the e-commerce segment after economic activities adopt digitalization. Many companies have already adopted online business models as consumers prefer online shopping, which drives the growth of the market.
Digitalization of commerce has significantly changed the shopping experience for customers. Automotive component manufacturers build online aftermarket channels to gather deep consumer insights and build long-term relationships through direct engagement with customers. For instance, in January 2020, Continental AG announced bundling information about its portfolio of products and services for the aftermarket in a new online portal. The online portal allows reviewing Continental aftermarket products, brands, and services. There is an Increase in demand for a buyer-centric and engaging online experience during purchasing aftermarket components. E-commerce helps automotive components manufacturers to Increase brand reach and enhance customer service levels by creating a user-friendly experience that propels the growth of the market.
The market for automotive flywheel is driven by factors Including growth in penetration of dual-clutch transmission (DCT) & continuous variable transmission (CVT), Increased manufacturing & sales of cars, and an Increase in demand for commercial vehicles. However, the Increase in the adoption of electric vehicles and the rise in the trend for repair rather than replacing the flywheel are the major factors that hamper the growth of the used cars market. Furthermore, continuous technological improvements and a surge in the electric vehicle business across the globe, and the development of lightweight vehicle components to enhance fuel efficiency are the factors that are expected to offer growth opportunities for the market during the forecast period.
The automotive flywheel market is segmented on the basis of type, transmission type, vehicle type, distribution channel, and region. By type, it is divided into a single mass and dual mass. By transmission type, it is classified into manual, semi-automatic and automatic, and CVT. By vehicle type, it is categorized into passenger vehicle and commercial vehicle. By distribution channel, it is divided into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market Include AISIN CORPORATION, EXEDY Globalparts Corp., Ford Motor Company, Pioneer Automotive Industries, Schaeffler Technologies AG & Co. KG, Skyway Precision Inc., SPEC Clutch, Inc., VALEO SERVICE, and ZF Friedrichshafen AG. The leading companies are adopting strategies such as product launch, product development, and expansion to strengthen their market position.
Semi-automatic transmission is a type of transmission that combines the features of a manual and automatic transmission. In a semi-automatic transmission, the flywheel is a rotating mechanical device that is attached to the engine’s crankshaft and stores rotational energy. The flywheel’s function is to smooth out the engine’s power output and provide a constant rotational force for the transmission. An automatic transmission with a flywheel is a type of gearbox that uses a torque converter instead of a clutch to transmit power from the engine to the transmission. In an automatic transmission, the flywheel is still present and serves the same function as in a semi-automatic transmission. The torque converter is a fluid coupling device that allows the engine to spin independently of the transmission, which eliminates the need for a clutch. The flywheels’ role in an automatic transmission is to provide a constant rotational force to the transmission and to smooth out the engine’s power.
The continuously variable transmission (CVT) industry has experienced significant growth in recent years due to Increase in demand for fuel-efficient vehicles, as CVT transmissions for better fuel economy compared to traditional automatic transmissions. In addition, the CVT technology offers a smoother driving experience, which is appealing to many consumers. Owing to their capacity to deliver a smooth and efficient action power transfer, CVT transmissions have become more common in hybrid vehicles. The popularity of these alternative-powered vehicles has Increased demand for CVT transmissions. This has propelled the growth of the CVT flywheel market.
Moreover, the Increase in demand for heavy-duty and luxury vehicles and the Increase in diesel vehicles have accelerated the commercial vehicle industry. The surge in awareness for an environmentally sustainable solution has motivated commercial vehicle manufacturers to develop vehicles that reduce carbon emissions. Commercial vehicles are routinely exposed many times more than regular vehicles. Most are commercially operated and must work reliably even under the harshest conditions. Heavy loads combined with adverse road conditions require robust, high-quality components. Therefore, an Increase in demand for durable and high-quality complete solutions drives the demand for the segment in the market. In addition, commercial vehicle components manufacturers witnessed a significant Increase in demand from the e-commerce segment after economic activities adopt digitalization. Many companies have already adopted online business models as consumers prefer online shopping, which drives the growth of the market.
Digitalization of commerce has significantly changed the shopping experience for customers. Automotive component manufacturers build online aftermarket channels to gather deep consumer insights and build long-term relationships through direct engagement with customers. For instance, in January 2020, Continental AG announced bundling information about its portfolio of products and services for the aftermarket in a new online portal. The online portal allows reviewing Continental aftermarket products, brands, and services. There is an Increase in demand for a buyer-centric and engaging online experience during purchasing aftermarket components. E-commerce helps automotive components manufacturers to Increase brand reach and enhance customer service levels by creating a user-friendly experience that propels the growth of the market.
The market for automotive flywheel is driven by factors Including growth in penetration of dual-clutch transmission (DCT) & continuous variable transmission (CVT), Increased manufacturing & sales of cars, and an Increase in demand for commercial vehicles. However, the Increase in the adoption of electric vehicles and the rise in the trend for repair rather than replacing the flywheel are the major factors that hamper the growth of the used cars market. Furthermore, continuous technological improvements and a surge in the electric vehicle business across the globe, and the development of lightweight vehicle components to enhance fuel efficiency are the factors that are expected to offer growth opportunities for the market during the forecast period.
The automotive flywheel market is segmented on the basis of type, transmission type, vehicle type, distribution channel, and region. By type, it is divided into a single mass and dual mass. By transmission type, it is classified into manual, semi-automatic and automatic, and CVT. By vehicle type, it is categorized into passenger vehicle and commercial vehicle. By distribution channel, it is divided into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market Include AISIN CORPORATION, EXEDY Globalparts Corp., Ford Motor Company, Pioneer Automotive Industries, Schaeffler Technologies AG & Co. KG, Skyway Precision Inc., SPEC Clutch, Inc., VALEO SERVICE, and ZF Friedrichshafen AG. The leading companies are adopting strategies such as product launch, product development, and expansion to strengthen their market position.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive flywheel market analysis from 2022 to 2032 to identify the prevailing automotive flywheel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive flywheel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global automotive flywheel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution channel
- OEM
- Aftermarket
By Type
- Single Mass
- Dual Mass
By Transmission Type
- Manual Transmission
- Semi-Automatic and Automatic Transmission
- Continuously Variable Transmission
By Vehicle type
- Passenger Vehicle
- Commercial vehicle
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Aisin Corporation
- AMS Automotive
- EXEDY Globalparts Corp
- Ford Motor Company
- Pioneer Automotive Industries
- Schaeffler Technologies AG & Co. KG
- Skyway Precision Inc.
- SPEC Clutch, Inc.
- Valeo S.A
- ZF Friedrichshafen AG
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE FLYWHEEL MARKET, BY TYPE
CHAPTER 5: AUTOMOTIVE FLYWHEEL MARKET, BY TRANSMISSION TYPE
CHAPTER 6: AUTOMOTIVE FLYWHEEL MARKET, BY VEHICLE TYPE
CHAPTER 7: AUTOMOTIVE FLYWHEEL MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: AUTOMOTIVE FLYWHEEL MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Automotive Flywheel Market is likely to experience a significant growth rate of 3.8% from 2023-2032 owing to an increase in demand for commercial vehicles.An automotive flywheel is a mechanical component that serves as a connection point between the engine and transmission. It is a large, heavy disk-shaped device that is bolted to the engine crankshaft and is used to store rotational energy when the engine is running. The flywheel’s inertia helps to smooth out any unevenness in the engine’s power delivery, making it easier for the driver to control the vehicle. A flexplate is a component that is typically found in automatic transmission vehicle and serve a similar purpose to the flywheel.
Manual transmission is a type of transmission system used in automobiles that requires the driver to manually shift gears using a clutch pedal and gear shift lever. The flywheel is a mechanical device that stores rotational energy and is mounted to an engine crankshaft. In this type of transmission system, when the driver depresses the clutch pedal, it disengages the engine’s power from the transmission. This allows the driver to shift the gear using the gear shift lever, which changes the transmission gear ratio and then re-engages the engine’s power by releasing the clutch pedal. The flywheel plays a critical role in this process by providing a smooth and steady rotation for the engine and transmission to work together. When the engine is running, the flywheel rotates at a constant speed. The clutch disc is located between the flywheel and the transmission, and when the driver depresses the clutch pedal, it disengages the clutch disk from the flywheel. This disengagement separates the transmission from the engine’s power, allowing the driver to shift gears. When the clutch pedal is released, the clutch disk reengages with the flywheel, transmitting the power of the engine through transmission, and the car moves forward.
Key factors driving the growth of the automotive flywheel market include growth in penetration of dual-clutch transmission (DCT) & continuous variable transmission (CVT), increased manufacturing & sales of cars, and an increase in demand for commercial vehicles. One of the key advantages of flywheel technology in a commercial vehicle is that it provides a cost-effective and energy-efficient solution for managing the energy demands of heavy-duty transportation. Flywheels can store and release energy quickly, allowing vehicles to accelerate and decelerate more efficiently, which can lead to significant fuel savings. In addition, flywheel systems are durable and require less maintenance than traditional mechanical systems, making them an attractive option for commercial vehicle manufacturers. In addition to their use in commercial vehicles, flywheels are also being used in hybrid vehicles to store energy and improve efficiency. This trend is expected to drive the growth of the automotive flywheel market with an increase in demand for commercial vehicles.
Owing to their great economy and government initiatives, the demand for electric and hybrid vehicles has increased over the previous few years. Sales of EVs and hybrid cars have risen as a result. The market expansion of hybrid and electric vehicles has been fueled by an increase in emission standards, an increase in government subsidies & programs, and a shift towards green mobility. In addition, there is a rise in demand for high-performance, fuel-efficient, and low-emission electric vehicles due to stricter regulations on carbon emissions, falling battery costs, and rise in gasoline prices. Hence, an increase in demand for electric vehicles is anticipated to fuel growth in the market during the forecast period.
However, the rise in popularity and adoption of electric vehicles have presented a challenge to the growth of the automotive flywheel market. Owing to the absence of conventional internal combustion (IC) engines, electric vehicles do not require a flywheel to store kinetic energy. In addition, in recent years, the demand and production of electric vehicles have increased significantly as electric vehicles offer several advantages over fuel-powered automobiles. Electric vehicles remove the requirement of engine components such as flywheels, fan belts, oil, air filters, head gaskets, timing belts, cylinder heads, and spark plugs, which, in turn, makes them cost-effective and efficient for IC engine-powered automobiles. This makes electric vehicles a preferred choice for automobile owners.
The automotive flywheel market is segmented on the basis of type, transmission type, vehicle type, and distribution channel. By type, it is divided into a single mass and dual mass. By transmission type, it is classified into manual, semi-automatic and automatic, and CVT. By vehicle type, it is categorized into passenger car and commercial vehicle. By distribution channel, it is divided into OEM and aftermarket. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The automotive flywheel market in the U.S. is anticipated to grow enormously due to the presence of the firmly established automotive industry. With the growth in sales of automotive parts in the U.S., the automotive flywheel market has become essential to replace automotive parts or engine components. A surge in automotive production and used car sales, and rapid urbanization are expected to drive the growth of the market. Moreover, favorable government regulations, initiatives, and subsidies in the U.S. propel the demand for commercial vehicles. The rise in sales of commercial vehicles in the region has boosted the demand for the automotive differential market. In addition, there is also a rise in the utilization of lightweight auto parts in the production of commercial vehicles to reduce overall weight. Thus, the lightweight trend to increase efficiency is expected to support the growth of the automotive flywheel market during the forecast period.
The key players profiled in the study include AISIN CORPORATION, EXEDY Globalparts Corp., Ford Motor Company, Pioneer Automotive Industries, Schaeffler Technologies AG & Co. KG, Skyway Precision Inc., SPEC Clutch, Inc., VALEO SERVICE, and ZF Friedrichshafen AG. The players in the market have been actively engaged in adopting various strategies such as product launch, product development, and expansion to remain competitive and gain an advantage over the competitors in the market.
Key Market Insights
- By type, the single mass segment was the highest revenue contributor to the market, with $4,540 million in 2022, and is estimated to reach $6,392.6 million by 2032, with a CAGR of 3.5%.
- By transmission type, the manual transmission segment was the highest revenue contributor to the market, with $3,580.7 million in 2022, and is estimated to reach $5,039.9 million by 2032, with a CAGR of 3.5%.
- By vehicle type, the passenger vehicle segment was the highest revenue contributor to the market and is estimated to reach $7,358.9 million by 2031, with a CAGR of 2.8%. However, the commercial vehicle segment is estimated to be the fastest-growing segment with a CAGR of 6.5% during the forecast period.
- By distribution channel, the OEM segment dominated the global market and is estimated to reach $8,609.9 million by 2032, with a CAGR of 3.4%. However, the Aftermarket segment is expected to be the fastest-growing segment with a CAGR of 5.6% during the forecast period.
- Based on region, Asia-pacific was the highest revenue contributor, accounting for $3,098.5 million in 2022, and is estimated to reach $4,712.5 million by 2032, with a CAGR of 4.3%.
Companies Mentioned
- Aisin Corporation
- AMS Automotive
- EXEDY Globalparts Corp
- Ford Motor Company
- Pioneer Automotive Industries
- Schaeffler Technologies AG & Co. KG
- Skyway Precision Inc.
- SPEC Clutch, Inc.
- Valeo S.A
- ZF Friedrichshafen AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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