Focus on Improving Efficiency of Automotive Transmission Systems to Augment Automotive Dual Mass Flywheel Market
The automotive sector has evolved at a rapid pace over the past couple of decades, owing to technological advancements and continual innovations. Automotive transmission systems have also witnessed a fair share of development in recent times. For instance, significant improvement in speed number, widening ratio spread, and enhanced efficiency & shift quality are some of the major areas wherein advancements have occurred in the automotive transmission systems sphere. In recent years, the automotive sector is gradually moving toward electrification due to stringent legislations and guidelines pertaining to vehicle emission. The global demand for passenger vehicles, heavy commercial vehicles, and light commercial vehicles has experienced a steady growth over the past few years. However, the demand in 2024 has witnessed an unforeseen decline due to the COVID-19 pandemic.
The automotive industry in major developing countries including India and China are expected to witness a modest growth over the next couple of years. The growth rate of the global automotive dual mass flywheel market is expected to take a hit in 2024. However, as the market will start to recover in the latter half of the forecast period, market players should focus on tapping into abundant opportunities in the Asia Pacific region. At the back of these factors, along with the speculated rise in the demand for automotive vehicles, the global automotive dual mass flywheel is expected to attain a market value of ~US$ 8 Bn by the end of 2030.
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automotive dual mass flywheel market infographic
Growing Adoption of Dual Mass Flywheel to Enhance Engine Performance to Fuel Market Growth
Market players in the current automotive dual mass flywheel market are expected to take into account the evolving landscape of the automotive sector and align their product development operations with modern-day industrial requirements. In the current scenario, automotive dual mass flywheels play an imperative role in minimizing vibration, reducing noise reduction within the automotive powertrain, addressing challenges associated with engine knocking, and enhancing the overall smoothness of the shift, among others. At present, theoretical and experimental research activities within the automotive dual mass flywheel market are on the rise and the focus is on gaining insights pertaining to the torsional performance of the dual mass flywheel market during the forecast period. Several studies are emphasizing on the effect of automotive dual mass flywheels on the overall performance of torsional vibration in hybrid electric vehicles.
Recent research activities are increasingly investigating the potential of motor torque control techniques to minimize torsional vibration. Market players operating in the current automotive dual mass flywheel market are also focusing on automotive dual mass flywheel dynamics modeling.
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Surge in Demand for Electric Vehicles Likely to Drive Innovations
As the automotive sector continues to make a gradual transition toward hybrid and electric vehicles, participants of the global automotive dual mass flywheel market are expected to roll out flywheels that are in tune with the demands of automotive transmission systems of hybrid and electric vehicles. Companies operating in the current market landscape are increasingly deploying resources to improve the noise vibration and harshness (NVH), shifting, and control technology of electric vehicles. In addition, companies are also focused on addressing the existing challenges in automotive transmission, including noise reduction wherein clunking, rattling, whining, bearing, and shifting are the main sound types. The demand for automotive dual mass flywheel is on the rise, particularly from automotive manufacturers to minimize fluctuation between the transmission system and engine. As shifting strategies and control technologies continue to mature, owing to technological advancements, they are likely to accelerate innovations during the forecast period.
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With the advent of the COVID-19 pandemic, market players are expected to focus on marketing their products on digital platforms to enhance their brand visibility. Furthermore, market players should are also expected to collaborate with regional market leaders to improve their market share. While inorganic growth strategies are likely to gain significant traction, companies should assess the repercussions of the COVID-19 pandemic on their business structure and formulate effective strategies to stay relevant in the current market landscape. The growing demand from automotive manufacturers is likely to remain the key for the development of global automotive dual mass flywheel market in the coming years.
automotive dual mass flywheel market segmentation
Automotive Dual Mass Flywheel Market: Overview
Automotive dual mass flywheels are an alternative to conventional single mass flywheels, which are designed to protect the driveline from the torsional vibrations of the engine. The primary function of dual mass flywheel is to store energy from each piston’s firing pulse, and then transmit it to the crankshaft so that it continues smoothly rotating through the next piston stroke. The secondary function is to dampen damaging torsional spikes caused by engine vibration.
It has high penetration in vehicles with diesel engines and high torque output petrol engines.
Key Drivers and Restraints of Automotive Dual Mass Flywheel Market
Rising penetration of dual mass flywheels among passenger and light commercial vehicles is likely to drive the market for automotive dual mass flywheels. Dual mass flywheels help reduce the synchronizer wear, gear noise, and chassis rattle in high-torque engine applications. Moreover, dual mass flywheels are considered highly effective in improving shifting action of gears while reducing noise, vibration, and harshness thus are increasingly adopted among performance vehicles.
Adoption of dual mass flywheels by major automotive manufacturers, such as Honda, Ford, Acura, Hyundai, and Nissan, is contributing to boost the demand for dual mass flywheels. Additionally, a rise in global sales of passenger vehicles is boosting the demand for automotive dual mass flywheels. Increased consumer purchase parity in developing countries has boosted the demand for passenger vehicles, which in turn is estimated to drive the automotive dual mass flywheel market globally.
Increased demand for high performing efficient engines is fueling the demand for automotive dual mass flywheel; however, high cost of the dual mass flywheel is a major factor restraining its penetration among heavy commercial and entry level passenger vehicles.
Automotive Dual Mass Flywheel Market: Segmentation
The global automotive dual mass flywheel market has been segmented based on transmission type, material, vehicle type, sales channel, and region
Based on transmission type, the manual segment held a leading share of the automotive dual mass flywheel market, as the penetration of the dual mass flywheel is significant among vehicles equipped with manual transmission systems. Furthermore, a few major automotive markets, such as Europe and Asia Pacific, have significantly high preference for manual transmission vehicles, which in turn is likely to drive the market for dual mass flywheel during the forecast period.
In terms of material, maraging steel segment held a notable share of the global automotive dual mass flywheel market, owing to its cost-effectiveness and high tensile strength. Furthermore, high temperature resistance and machinability are few other characters of maraging steel, which can be attributed to the high market share of the segment in the dual mass flywheel market. Increased focus on the development of lightweight automotive components to enhance efficiency of vehicles is likely to drive the aluminum alloy segment of the global automotive dual mass flywheel market.
Based on vehicle type, the passenger vehicle segment dominated the global automotive dual mass flywheel market, owing to high penetration of dual mass flywheels in passenger vehicles. Passenger vehicles contribute to a major share of the total vehicles produced globally and subsequently, the passenger vehicle segment held a leading share of the global automotive dual mass flywheel market in 2019.
In terms of sales channel, the OEM segment held a dominant share of the market, globally, given that automotive dual mass flywheels generally possess high lifespan of around 4 to 5 years and in most cases, they last for throughout the life of the vehicle.
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