Global Automotive Flywheel Market is valued at approximately USD 7.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2023-2030. The automotive flywheel is specifically designed for use in automotive applications, which store rotational energy and assist in the smooth operation and performance of the vehicle's engine and drivetrain. It consists of a heavy disc or wheel that is attached to a shaft and is used to smooth out the delivery of power from an engine or other power source. The Automotive Flywheel Market is being driven by factors such as increased manufacturing & sales of cars and an increase in demand for commercial vehicles.
The flywheel helps to maintain a constant speed and prevent fluctuations in torque, which can be especially important in applications in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers total vehicle production in 2021 was 80,250,102 units and in 2022 was 8,50,16,728. Along with that increase production of commercial vehicles also driving the market, according to OICA, globally, 61,598,650 units of cars and 23,418,078 units of commercial vehicles were produced in the year 2022. In addition, in India 4,439,039 units of cars; in China 23,836,083 units of cars; and in the U.S., 1,751,736 units of cars were produced in the year 2022. Thus rising production in vehicle production fueling the growth of the market. In addition to Development of lightweight vehicle components to enhance fuel efficiency and continuous technology improvement create lucrative opportunities for the market. However, Rise in the trend for repair rather than replacing the flywheel hinders the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Flywheel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing number of 2-3 wheeled vehicles and passenger cars. Asia Pacific is also considered the fastest growing region during the forecasted period due to surge in the demand for electric & hybrid vehicles and Governments and consumers in the Asia Pacific region are increasingly concerned about energy efficiency and sustainability. Flywheel technology aligns with these objectives by enabling energy recovery, reducing fuel consumption, and supporting a cleaner and greener transportation ecosystem.
Major market player included in this report are:
- Aisin Corporation
- AMS Automotive
- EXEDY Globalparts Corp
- Ford Motor Company
- Pioneer Automotive Industries LLC
- Schaeffler Technologies AG & Co. KG
- Skyway Precision Inc.
- SPEC Clutch, Inc.
- Valeo S.A
- ZF Friedrichshafen AG
Recent Developments in the Market:
- In June 2021, Protean Electric and Local Motors announced the continuation of their strategic relationship with a new three-year agreement for U.S. $7.3 million, in which Protean Electric would provide thousands of Protean Drive in-wheel motors to power Local Motors' Olli 2.0 electric autonomous shuttle. As a result, the demand for flywheels decreased, which is likely to impact the growth of the market.
Global Automotive Flywheel Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Distribution channel, Type, Transmission Type, Vehicle Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution channel:
By Type:
By Transmission:
- Manual Transmission
- Semi-Automatic and Automatic Transmission
- Continuously Variable Transmission
By Vehicle:
- Passenger Vehicle
- Commercial vehicle
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Automotive Flywheel Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Automotive Flywheel Market, by Distribution channel, 2020-2030 (USD Billion)
- 1.2.3. Automotive Flywheel Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Automotive Flywheel Market, by Transmission Type, 2020-2030 (USD Billion)
- 1.2.5. Automotive Flywheel Market, by Vehicle Type, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Automotive Flywheel Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Automotive Flywheel Market Dynamics
- 3.1. Automotive Flywheel Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increased manufacturing & sales of cars
- 3.1.1.2. Increase in demand for commercial vehicles.
- 3.1.2. Market Challenges
- 3.1.2.1. Rise in trend for repair rather than replacing the flywheel.
- 3.1.3. Market Opportunities
- 3.1.3.1. Development of lightweight vehicle components to enhance fuel efficiency.
- 3.1.3.2. Continuous technology improvement in Flywheel Technology
Chapter 4. Global Automotive Flywheel Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Flywheel Market, by Distribution channel
- 5.1. Market Snapshot
- 5.2. Global Automotive Flywheel Market by Distribution channel, Performance - Potential Analysis
- 5.3. Global Automotive Flywheel Market Estimates & Forecasts by Distribution channel 2020-2030 (USD Billion)
- 5.4. Automotive Flywheel Market, Sub Segment Analysis
- 5.4.1. OEM
- 5.4.2. Aftermarket
Chapter 6. Global Automotive Flywheel Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Automotive Flywheel Market by Type, Performance - Potential Analysis
- 6.3. Global Automotive Flywheel Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4. Automotive Flywheel Market, Sub Segment Analysis
- 6.4.1. Single Mass
- 6.4.2. Dual Mass
Chapter 7. Global Automotive Flywheel Market, by Transmission Type
- 7.1. Market Snapshot
- 7.2. Global Automotive Flywheel Market by Transmission Type, Performance - Potential Analysis
- 7.3. Global Automotive Flywheel Market Estimates & Forecasts by Transmission Type 2020-2030 (USD Billion)
- 7.4. Automotive Flywheel Market, Sub Segment Analysis
- 7.4.1. Manual Transmission
- 7.4.2. Semi-Automatic and Automatic Transmission
- 7.4.3. Continuously Variable Transmission
Chapter 8. Global Automotive Flywheel Market, by Vehicle Type
- 8.1. Market Snapshot
- 8.2. Global Automotive Flywheel Market by Vehicle Type, Performance - Potential Analysis
- 8.3. Global Automotive Flywheel Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
- 8.4. Automotive Flywheel Market, Sub Segment Analysis
- 8.4.1. Passenger Vehicle
- 8.4.2. Commercial vehicle
Chapter 9. Global Automotive Flywheel Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Automotive Flywheel Market, Regional Market Snapshot
- 9.4. North America Automotive Flywheel Market
- 9.4.1. U.S. Automotive Flywheel Market
- 9.4.1.1. Distribution channel breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Transmission Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Vehicle Type breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Automotive Flywheel Market
- 9.5. Europe Automotive Flywheel Market Snapshot
- 9.5.1. U.K. Automotive Flywheel Market
- 9.5.2. Germany Automotive Flywheel Market
- 9.5.3. France Automotive Flywheel Market
- 9.5.4. Spain Automotive Flywheel Market
- 9.5.5. Italy Automotive Flywheel Market
- 9.5.6. Rest of Europe Automotive Flywheel Market
- 9.6. Asia-Pacific Automotive Flywheel Market Snapshot
- 9.6.1. China Automotive Flywheel Market
- 9.6.2. India Automotive Flywheel Market
- 9.6.3. Japan Automotive Flywheel Market
- 9.6.4. Australia Automotive Flywheel Market
- 9.6.5. South Korea Automotive Flywheel Market
- 9.6.6. Rest of Asia Pacific Automotive Flywheel Market
- 9.7. Latin America Automotive Flywheel Market Snapshot
- 9.7.1. Brazil Automotive Flywheel Market
- 9.7.2. Mexico Automotive Flywheel Market
- 9.8. Middle East & Africa Automotive Flywheel Market
- 9.8.1. Saudi Arabia Automotive Flywheel Market
- 9.8.2. South Africa Automotive Flywheel Market
- 9.8.3. Rest of Middle East & Africa Automotive Flywheel Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Aisin Corporation
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. AMS Automotive
- 10.3.3. EXEDY Globalparts Corp
- 10.3.4. Ford Motor Company
- 10.3.5. Pioneer Automotive Industries LLC
- 10.3.6. Schaeffler Technologies AG & Co. KG
- 10.3.7. Skyway Precision Inc.
- 10.3.8. SPEC Clutch, Inc.
- 10.3.9. Valeo S.A
- 10.3.10. ZF Friedrichshafen AG
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption