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Automotive Flywheel Market Size To Exceed at 3.8% CAGR During 2022-2032

Automotive Flywheel Market Size To Exceed at 3.8% CAGR During 2022-2032
Automotive Flywheel Market Size To Exceed at 3.8% CAGR During 2022-2032

The growth of continuous variable transmission (CVT) and dual-clutch transmission (DCT) penetration, as well as an increase in automobile production and sales, are some of the drivers driving the global [automotive flywheel market].

"Automotive [Flywheel Market] by Type (Single Mass and Dual Mass), Transmission Type (Manual, Semi-automatic and Automatic, and CVT), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2022-2032" is the title of a report by Allied Market Research.
The report states that with a CAGR of 3.8% from 2023 to 2032, the worldwide automotive flywheel market is expected to grow from its projected $7.4 billion in 2022 to $10.7 billion by 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 –

𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡

The demand for commercial vehicles, higher automobile production and sales, and growing market penetration of dual-clutch and continuous variable transmissions are some of the drivers driving the worldwide automotive flywheel industry. The market for automotive flywheels is predicted to grow, but factors including the rising popularity of electric vehicles and the trend toward repairing rather than replacing flywheels are expected to restrain it.
During the forecast period, it is also anticipated that ongoing technological advancements, an increase in the global market for electric vehicles, and the development of lightweight vehicle components to improve fuel efficiency will present lucrative opportunities for the growth of the automotive flywheel market.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

  • The COVID-19 pandemic epidemic had a detrimental effect on the world's automotive flywheel market as a result of lockdowns, travel bans, and quarantines, which significantly slowed down the production of car components globally. In addition, the pandemic-induced supply chain disruption and global economic crisis made it difficult for the automotive flywheel industry to operate.
    The lockdowns and travel restrictions imposed by several countries to stem the virus's spread resulted in a major decrease in consumer demand for new autos. Therefore, many automakers went out of business in an effort to stop or reduce output, which diminished the market for flywheels. Additionally, the epidemic forced many automakers to stop or scale back their production lines, which reduced demand for car parts like flywheels. As a result, several flywheel producers saw a decline in sales, which forced some of them to examine their business structures and look into new markets or product lines.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 –

𝐓𝐡𝐞 𝐬𝐢𝐧𝐠𝐥𝐞 𝐦𝐚𝐬𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

In terms of type, the single mass sector accounted for more than three-fifths of the worldwide automotive market in 2022, and it is anticipated that it will continue to hold the top spot during the forecast period. e Single-mass flywheels are suitable for circumstances where there are frequent changes in engine speed and gear since they are less expensive to purchase and permit faster engine revving.
This fuels the segment's expansion on the global market. The dual mass segment is anticipated to experience the greatest CAGR of 4.2% between 2023 and 2032. This is due to the increased fuel economy of dual-mass flywheels. As a result, they are frequently found in commercial vehicles, especially ones that use diesel engines and manual transmissions. The market for dual-mass flywheels is expected to rise as commercial vehicles become more prevalent.

𝐓𝐡𝐞 𝐦𝐚𝐧𝐮𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By transmission type, the manual transmission sector held the biggest market share in 2022 and was responsible for almost to half of the revenue generated by automobile flywheels. Because they are typically less expensive than automatic gearboxes, manual transmissions are a more affordable choice for those on a tight budget.
Because they enable more exact control over the engine's power output, manual transmissions often use less gasoline than automated transmissions. But from 2023 to 2032, the continuously variable transmission category is anticipated to have the highest CAGR of 4.4%. the growing popularity of hybrid cars, which frequently use CVT transmissions because they can transfer power smoothly and efficiently. Increased demand for CVT transmissions as a result of the expansion of these alternative powertrain cars has helped the flywheel market in the continuously variable transmission market.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 𝟐𝟎𝟑𝟐.

Asia-Pacific accounted for more than two-fifths of the global automotive flywheel market revenue in 2022, according to region, and is anticipated to see the fastest CAGR of 4.3% from 2022 to 2032. The expansion of the retail and automotive industries is primarily responsible for the regional market's expansion. Additionally, the region's fast urbanization and huge increase in per capita income are fueling the expansion of the automotive flywheel market in Asia-Pacific.


Daniel Jack

For Daniel, journalism is a way of life. He lives and breathes art and anything even remotely related to it. Politics, Cinema, books, music, fashion are a part of his lifestyle.