Global Automotive Fly Wheel Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Product Type (Single Mass, Dual Mass, Others), By Demand Category (OEM v/s Aftermarket), By Technology (Manual Transmission, Semi-Automatic Transmission, Automatic Transmission), By Material (Aluminum, Cast Iron, Steel), By Region, Competition, Forecast & Opportunities,
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Automotive Fly Wheel Market size
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The size of the global automotive flywheel market was USD 14.13 billion in 2023 and is expected to grow from USD 14.46 billion in 2024 to USD 16.78 billion by 2032, growing at a CAGR of 1.9% throughout the forecast period. Asia Pacific led the global market with a share of 49.82% in 2023.
An automotive flywheel is a mechanical component employed in internal combustion engines for storing rotational energy. It is normally a heavy flywheel that is mounted on the engine's crankshaft. The primary purpose of the flywheel is to buffer the changes in engine rotation created by the episodic nature of the engine power strokes. It assists in achieving a stable rate of rotation, dampens vibration, and makes the engine overall better. In manual transmission cars, the flywheel acts as a point of attachment for the clutch so that shifting gears can be smoothly engaged and disengaged.
Global automotive fly wheel market is expected to grow at a steady rate during the forecast period. The global automotive fly wheel market is driven by the increasing demand for light weight and energy efficient vehicles that require lesser fuel. Additionally, increasing consumer needs for more comfort, enhanced safety, aesthetics, among others are further expected to propel the market growth. Furthermore, technological advancements and new product launches by the major OEMs operating in the market is further expected to create lucrative opportunities for the market growth through 2028. However, increased adoption of electric vehicles can hamper the market growth over the next few years. Besides, the increasing trend of using refurbished equipment or just repairing them rather than replacing is further impeding the market growth during forecast period.
The global automotive fly wheel market is segmented based on vehicle type, product type, application, electric vehicle type, demand category, technology, material, company and region. Based on the vehicle type, the market has been categorized into passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger cars segment is expected to dominate the market on account of the increasing sales and production of passenger cars. Based on product type, the market can be fragmented into single mass, dual mass and others. The single mass is expected to dominate the market owing to the low cost and simple design of these. Additionally, advantages such as ability to use it repetitively after resurfacing, light weight, low cost, among others associated with single mass is further expected to drive the market growth. Based on material, the market can be fragmented into aluminium, cast iron and steel. Steel is expected to dominate the market on account of its high strength which enhances durability of automotive fly wheels. The aluminium segment is expected to grow significantly on account of its increasing use in sports cars on account of its less weight and high-speed regulation.
AUTOMOTIVE FLYWHEEL MARKET SEGMENTATION ANALYSIS
By Material Analysis
Iron Segment to Dominate the Market Owing to the Cost Effectiveness
On the basis of material, the market is divided into iron, steel, and others. The iron segment dominated and accounted for the largest market share in 2023. Iron, famous for its strength and durability, proves efficient in tolerating high stress and heat. This makes it ideal for rugged surroundings. In addition, iron offers a more cost-effective alternative with regard to other materials that have high strength and density and hence are relatively expensive. Therefore, iron is an inexpensive material to use when it comes to the deployment of energy storage systems. Additionally, it conducts heat well, assisting in the heat dissipation caused by energy storage and release, which can contribute to greater overall efficiency. Additionally, iron flywheels can sustain long lifetimes if well-maintained. The above-mentioned factors are expected to contribute iron segment's dominant market share during the forecast period.
Steel flywheels are becoming increasingly popular in recent times because of their better operating attributes. They assist in delivering power smoothly by keeping additional energy stored and releasing it when needed, which can lead to improved driving performance overall. These flywheels also increase fuel efficiency and energy recovery due to regenerative braking and aid in lowering emissions in hybrid vehicles.
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By Type Analysis
Dual Mass Flywheel Segment Drives Market with Improving Driving Comfort and Performance
Based on type, the market is divided into single mass and dual mass. The dual mass segment dominated the global automotive flywheel market share in 2023 and is anticipated to witness significant growth over the forecast period. A dual mass flywheel possesses great vibration dampening and shock absorbing properties. This serves to lower noise and enhance overall driving comfort. Furthermore, it serves to lower cabin noise levels, creating a quieter and more comfortable driving experience. Additionally, contemporary dual mass flywheels use sophisticated materials and designs to maximize their performance and lifespan.
Single mass flywheels are less complex in design than dual mass flywheels. These flywheels are made of a single piece of material that spins along with the engine. They are typically lighter than dual mass flywheels, particularly in terms of throttle response and acceleration. Additionally, they have the possibility of passing more engine vibrations and torque oscillations to the drivetrain and cabin. Additionally, single mass flywheels are typically preferred in applications where high-performance is desired and rapid throttle response, along with accurate clutch control, takes higher priority compared to the damping advantage delivered by double mass flywheels.
By Vehicle Type Analysis
Passenger Cars to Dominate the Market Owing to Rising Hybrid Vehicle Sales
Depending on vehicle type, the market is divided into passenger cars and commercial vehicles. Passenger cars segment is anticipated to dominate the market throughout the forecast period. Changing consumer needs toward more efficient, eco-friendly, and technologically superior vehicles compel automakers to innovate and launch new vehicles aligned with these needs. Additionally, government efforts and policies like emissions regulations, fuel efficiency standards, and incentives may impact consumer behavior and compel car makers to change their offerings accordingly.
Commercial vehicles are witnessing a high demand, which is due to the high rise in e-commerce. This growth has resulted in a greater need for effective transportation and last-mile delivery services, which has caused a greater use of commercial vehicles in managing logistics. Further, with a booming manufacturing industry calling for the transportation of raw materials, parts, and finished products, the market is experiencing a surging need for a variety of commercial vehicles. Expected to continue, these trends are likely to fuel immense growth in the automotive flywheel industry during the forecast period.
REGIONAL INSIGHTS
Asia Pacific led the market and is expected to be the fastest growing region during the forecast period. The future outlook for the automotive sector in the Asia Pacific is promising. Rapid urbanization, growing middle-class population, and increasing disposable income in China, India, and Southeast Asian nations are expected to drive vehicle demand. The shift toward hybrid and autonomous vehicles is also gaining momentum, with several governments and manufacturers focusing on sustainability and innovation. These factors are proliferating regional expansion.
Europe is anticipated to witness substantial growth in the automotive flywheel sector during the forecast period. Favorable trends associated with the European automotive industry are expected to augment the market growth in the region. Moreover, Europe is a hub for innovation and technology, driving advancements in vehicle manufacturing. Stringent emission regulations are pushing manufacturers to develop more sustainable solutions. Collaborative efforts between governments, manufacturers, and research institutions are further expected to enhance the industry’s potential for expansion and competitiveness on a global scale.
North America is expected to grow at a slower rate in comparison with other regions. The demand for manual transmission vehicles in North America has declined in the past few years. Automatic transmissions have become more popular in the region owing to their convenience and ease of use, especially in heavy traffic
The major players operating in the automotive fly wheel market are Valeo SA, ZF Friedrichshafen AG, Linamar Corporation, Schaeffler Group, Skyway Precision, EXEDY Corporation, Tupy, Skyway Precision Inc., American Axle & Manufacturing, Inc., JMT Auto Limited, Lavacast, LMB Euroseals (PTY) LTD, Tilton Engineering, AISIN SEIKI Co., Ltd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze and estimate the market size of global automotive fly wheel market from 2018 to 2021.
- To estimate and forecast the market size of global automotive fly wheel market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global automotive fly wheel market based on vehicle type, product type, demand category, technology, material, company and regional distribution.
- To identify dominant region or segment in the global automotive fly wheel market.
- To identify drivers and challenges for global automotive fly wheel market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive fly wheel market.
- To identify and analyze the profile of leading players operating in global automotive fly wheel market.
- To identify key sustainable strategies adopted by market players in global automotive fly wheel market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
LIST OF KEY COMPANIES PROFILED
Schaeffler Technologies AG & Co. KG (Germany)
Valeo (France)
ZF Friedrichshafen AG (Germany)
Aisin Seiki Corporation (Japan)
AMS Automotive (U.S.)
Suzuki (Japan)
YOSHIWA KOGYO Co., Ltd. (Japan)
Ace Manufacturing & Parts Co. (U.S.)
Tilton Engineering (U.S.)
Pioneer Automotive Industries (U.S.)
Key Target Audience
- Automotive fly wheel manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive fly wheel
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|
Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Vehicle Type · Product Type · Demand Category · Technology · Material |
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Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country Scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
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Key Companies Profiled |
Valeo SA, ZF Friedrichshafen AG, Linamar Corporation, Schaeffler Group, Skyway Precision, EXEDY Corporation, Tupy, Skyway Precision Inc., American Axle & Manufacturing, Inc., JMT Auto Limited, Lavacast, LMB Euroseals (PTY) LTD, Tilton Engineering, AISIN SEIKI Co., Ltd. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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