Automotive Flywheel Market Size

Automotive Flywheel Market Size

The global automotive flywheel market size was valued at USD 7.3 billion in 2023 and is projected to grow at a CAGR of 4.3% between 2024 and 2032, due to the increasing demand for fuel efficiency. As governments worldwide implement stricter emissions regulations, automotive manufacturers are compelled to develop vehicles that consume less fuel and produce lower emissions.

Flywheels, particularly dual-mass and hybrid types, help achieve better fuel efficiency by smoothing engine power delivery and enabling energy recovery in hybrid systems. This trend is further fueled by consumer preferences for eco-friendly vehicles, leading to a rise in hybrid and electric vehicle production. Consequently, the need for advanced flywheel technologies is expected to grow, driving market expansion.
 

For instance, in October 2023, Schaeffler announced that it has achieved a significant milestone by producing 200 million dual-mass flywheels (DMFs), enhancing driving comfort and fuel efficiency in vehicles globally. Continuous research and development have refined DMF performance, particularly with the introduction of the centrifugal pendulum-type absorber in 2008, which improves vibration and noise damping. Manufactured at Schaeffler's plants in Germany, Hungary, and China, the DMF system effectively isolates torsional vibrations, enabling more efficient driving at lower engine speeds and reducing CO2 emissions. The dual-mass flywheel exemplifies Schaeffler's commitment to innovation and automotive excellence over nearly four decades.
 

Another significant driver of the automotive flywheel market is the growing adoption of hybrid and electric vehicles. As the automotive industry shifts towards electrification to meet stringent emission regulations and consumer demand for eco-friendly alternatives, hybrid vehicles are becoming increasingly popular. Flywheel systems play a crucial role in these vehicles by enabling efficient energy recovery during braking, which can then be reused to enhance acceleration. This technology not only improves fuel efficiency but also enhances vehicle performance, making hybrids more appealing to consumers.