Passenger Cars Flywheel Market to Grow with a CAGR of 7.12% Globally through to 2028

Growth in Electric and Hybrid Vehicles, Demand for Fuel Efficiency and Emission Reduction, Advancements in Lightweight Materials and Growing Passenger Car Sales in Emerging Markets are factors driving the Global Passenger Cars Flywheel market in the forecast period 2024-2028.

According to TechSci Research report, “Global Passenger Cars Flywheel Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Cars Flywheel Market stood at USD 3 billion in 2022 and is anticipated to grow with a CAGR of 7.12% in the forecast period, 2024-2028. A mechanical device called a flywheel can store kinetic energy and change electrical energy. It needed a certain amount of power, which drove the flywheel. Speakers, heavyweight edges, and large measurement wheels are all included on the flywheel. A variety of materials are used to make flywheels for automobiles. Other types of lead-based airplane tires can be found in kids' toys, used metal windows, old passenger car engines, and children's toys. An important factor in the growth of the automobile market is the introduction of automated mechanical and dual-clutch gearboxes. Increased auto production and sales are another reason behind the wounded auto industry. To boost fuel efficiency and minimize engine weight, a variety of industry sectors have employed dual-wheel mass.

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The Global Passenger Car Flywheel market is a dynamic and evolving sector within the industry, with a profound impact on vehicle performance, efficiency, and sustainability. This market is characterized by several key factors, including technological advancements, shifting industry trends, and the pursuit of ever-greater fuel efficiency and environmental responsibility. One of the most prominent trends in this market is the relentless emphasis on lightweighting and the adoption of advanced materials in flywheel design. Automakers are in a constant quest to reduce vehicle weight to improve fuel efficiency and reduce emissions. In this pursuit, the flywheel, once an unassuming component, has taken center stage. Lightweight flywheels, typically constructed from materials such as aluminum, carbon fiber composites, and magnesium alloys, offer a compelling solution to this challenge. These materials not only reduce rotational inertia but also contribute to lowering the overall vehicle weight. As a result, they enhance engine responsiveness, leading to improved fuel efficiency and reduced emissions.

Carbon fiber composite flywheels have gained attention for their exceptional strength-to-weight ratio. These flywheels are capable of withstanding high rotational speeds, delivering rapid energy storage and release, and boasting impressive durability. This trend towards lightweighting aligns with the broader industry's efforts to optimize vehicle efficiency and is reshaping the landscape of flywheel technology. Another notable trend in the Global Passenger Car Flywheel market is the integration of flywheels with hybrid powertrains. Hybrid vehicles, which combine internal combustion engines (ICEs) with electric propulsion systems, have gained widespread popularity due to their ability to improve fuel efficiency and reduce emissions. Flywheels play a crucial role in enhancing the efficiency of these hybrid power trains. In hybrid vehicles, flywheels are often used as part of kinetic energy recovery systems (KERS). During braking and deceleration, kinetic energy is converted into rotational energy and stored in the flywheel. This stored energy can then be redeployed to assist the engine during acceleration, reducing the need for additional fuel consumption.

Furthermore, flywheels can be integrated into hybrid vehicles to assist the internal combustion engine (ICE) during specific driving conditions, further enhancing fuel efficiency and reducing emissions. The integration of flywheel technology with hybrid powertrains underscores automakers' commitment to optimizing hybrid powertrains for improved fuel economy and overall vehicle performance.

In passenger cars, these advanced energy storage systems may be used to provide short bursts of power, enhance acceleration, and improve overall vehicle performance. Flywheel-based energy storage systems can work in conjunction with hybrid powertrains or as standalone systems, depending on the vehicle's design and purpose. This trend highlights the potential for flywheel technology to play a more prominent role in energy storage and management within passenger cars, offering benefits in terms of performance, energy efficiency, and environmental sustainability. Advanced flywheel designs, including dual-mass flywheels (DMFs) and tuned-mass flywheels (TMFs), are increasingly used to improve NVH control. DMFs are designed to dampen torsional vibrations and reduce the transmission of vibrations to the vehicle's cabin, resulting in a quieter and more comfortable driving experience. TMFs, on the other hand, are tuned to specific engine frequencies, further enhancing NVH control. These flywheels are designed to absorb and attenuate vibrations at specific RPM ranges, optimizing ride quality and reducing driver and passenger discomfort.

Flywheels play a crucial role in start-stop systems by enabling smooth engine restarts. They store rotational energy when the engine is running and release it when needed to restart the engine quickly and seamlessly. The use of flywheels in start-stop systems helps minimize the delay between the driver releasing the brake pedal and the engine restarting, enhancing the overall driving experience. This trend reflects the growing adoption of start-stop technology in passenger cars to improve fuel efficiency and reduce urban emissions. As automakers seek to optimize the performance of start-stop systems, flywheel integration becomes increasingly important, driving the demand for advanced flywheel solutions designed to meet the specific requirements of start-stop applications.

Major companies operating in Global Passenger Cars Flywheel Market are:

• Schaeffler AG
• American Axle & Manufacturing, Inc.
• AISIN SEIKI Co., Ltd
• Linamar Corporation
• ZF Friedrichshafen AG
• Valeo SA
• Luthra Industrial Corp
• Skyway Precision, Inc.
• Ford Motor Company
• Iljin

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“The Global Passenger Car Flywheel market is experiencing a transformative shift driven by the pursuit of enhanced vehicle performance, improved fuel efficiency, and reduced emissions. Key trends include the adoption of lightweight materials like carbon fiber composites, integration with hybrid powertrains to boost efficiency, the development of advanced flywheel-based energy storage systems, heightened focus on noise and vibration control, and integration with start-stop systems for urban fuel savings. These trends underscore the pivotal role of flywheel technology in modern passenger cars, as automakers seek innovative solutions to meet stringent environmental standards and cater to evolving consumer preferences for more sustainable and enjoyable driving experiences. Flywheel manufacturers are at the forefront of these innovations, reshaping the landscape.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Passenger Cars Flywheel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Flywheel Type (Single Mass, Dual Mass), By Material Type (Cast Iron, Steel, Aluminum), By Transmission Type (Manual, Automatic), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Passenger Cars Flywheel Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Passenger Cars Flywheel Market. 

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