A flywheel is a mechanical device that is designed to store the rotational energy. The increasing demand of fuel efficiency vehicles is a major driver for growth of the global automotive flywheel market. The increasing adoption of duel mass flywheels by various OEMs to reduce the weight of the engine by developing lightweight components and in turn increase the fuel efficiency provides a swift growth to the global automotive flywheel market.
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The increasing innovation of kinetic energy recovery system also provides the major growth to the automotive flywheel market globally. Flywheel based kinetic energy recovery system transfers the energy form the wheels to the flywheels is the continuously variable transmission. The key idea behind the adoption of flywheel based kinetic energy recovery system is to mechanically store the kinetic energy to the other source from rear driveshaft for the use at another time. The other source is flywheel. GKN plc and Volvo are some of the major companies that use the flywheel equipment in there automotive products. For example, in 2015, GKN plc, an England based automotive and aerospace company, announced the development of electric flywheel hybrid system for buses. Moreover the increasing sales of passenger cars also provides a growth opportunity to the global automotive flywheel market. According to “Organisation Internationale des Constructeurs d’Automobiles” a France based organization, have accounted that in 69.5 million units of passenger cars have sold globally in 2016 up from 66.3 million units in 2015.
Automotive flywheel market taxonomy
On the basis of application, the global automotive flywheel market is classified into:
Passenger cars
Light commercial vehicles
Medium & heavy commercial vehicles
Based on application the passenger cars segment holds the dominant position in the global automotive flywheel market in 2016 and is projected to retain its dominance throughout the forecast period. The rising demand of passenger cars, crossovers and sport utility vehicle around the globe become one of the key factor for the growth of the automotive flywheel market in the Passenger car application.
On the basis of flywheel type, the global automotive flywheel market is classified into:
Single flywheel
Multilevel flywheel
Automotive flywheel Market Outlook – Asia pacific holds the largest market of the global automotive flywheel market.
On the basis of geography, global automotive flywheel market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia pacific holds the dominant position in the global automotive flywheel market in 2016 and is projected to retain its dominance throughout the forecast period. The increasing adoption of continuously variable transmission (CVTs) and Dual clutch transmission (DCTs) in various Asia pacific countries such as Japan and China and rising adoption of automated manual transmission (AMTs) in India will drive the automotive flywheel market in Asia pacific region. In addition to this, the increasing sales of passenger vehicles in Asia pacific countries such as China, India also become one of the major driver for the growth of automotive flywheel market in Asia pacific region. According to “Organisation Internationale des Constructeurs d’Automobiles” a France based organization, have calculated that, in china 24.4 million units of personal cars have sold in 2016 up from 21.2 million in 2015. Similarly in India 3 million units of personal cars have sold in 2016 up from 2.8 million in 2015.
Key companies of global automotive flywheel market
Schaeffler Group, Linamar Corporation, ZF Friedrichshafen AG, Valeo, EXEDY Corporation, Mancor Industries, Metaldyne Performance Group Inc, Skyway Precision Inc, Waupaca Foundry, Inc. are some of the key companies of the global automotive flywheel market.
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