The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Flywheel Damper Market: Overview
Flywheel damper is mainly used to provide continuous rotational energy, it is a rotating mechanical device which acts as a continuous flywheel. Flywheel damper is also used for reducing the torsional vibration created by operation of diesel or petrol engine. Flywheel damper reduces the vibration by storing the energy in different half’s masses for the period of time. Flywheel dampers are also used for the controlling the torque and power, at low revolutions. The main components of the flywheel damper are starter ring gear, flange, primary cover, primary mass, arc springs, plain bearing and secondary mass.The torque fluctuations occurred due to the combustion cycle of four stroke engine which causes torsional vibration ,are also prevented by the use of flywheel .
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Flywheel Damper Market: Dynamics
The major key driving factor of the flywheel damper is automotive industry. Flywheel damper is used in cars, trucks, buses and in heavy vehicles for reducing the torsional vibration in them. Another driving factor is agricultural industry, in this industry flywheel damper is used in the harvesting machines for controlling the torsional vibrations of machine. There are some challenges of flywheel damper such as, there is a clinking noise occurs at the time of gear shifting and load changes. Other challenge is controlling of vibration in the vehicles. There are some opportunities of flywheel damper are such as ,this can be used in the renewable sources of energy such as in solar energy and wind energy for controlling vibrations .Some other opportunities is in machinery tools industry for handling the torsional vibrations during the combustion cycle. There are some latest trends of flywheel damper such as, nowadays flywheel is used for the double clutch transmission technique. Flywheel damper is used for the energy storing device in various processes such as, cutting tools and in machinery.
Flywheel Damper Market: Segmentation
Based on the type flywheel damper market is segmented:
- Individual bent spring flywheel damper
- One –phase bent spring flywheel damper
- Two –phase bent spring flywheel damper
- Three –phase bent spring flywheel damper
Based on the application flywheel damper market is segmented:
- Automotive industry
- Agricultural industry
- Machinery tools
- Cutting tools
- Solar and wind energy
Flywheel Damper Market: Regional Overview
The global flywheel damper market is divided geographically into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). North America is major region in a flywheel damper market in terms of application and revenue sharing, because automotive industry is growing very rapidly in this region. Followed by North America, Europe is expected to grow relatively at a higher CAGR during the forecast period since the use of flywheel damper in many industries. The global flywheel damper market in Japan is well established and expected to grow at average CAGR over the forecast period. MEA and Latin America are expected to expand at sluggish growth rate due to lack of technology advancement in this region.
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Flywheel Damper Market: Regional Segmentation
The growth of flywheel damper market in Asia-Pacific is very high due to many developing countries in this region and automotive is significantly growing year by year. Overall, the global market for flywheel damper market is expected to grow significantly by the end of forecast period. Flywheel damper market in Asia-Pacific is rapidly growing due to developing economic conditions, huge population, big investment market and many manufacturing companies boosting this market. Flywheel damper market is growing in this region because application of flywheel damper market is increased in various industries such as automotive, renewable energy sources, machinery tools and agriculture. India and china are major countries which shows significant growth in flywheel damper market and in forecast period this countries shows very positive increment.
Flywheel Damper Market: Key Players
- Borg & Beck
- Automotive World Ltd.
- ZF Friedrichshafen AG
- Valeo Service
- LuK GmbH & Co. KG
- Tibbetts Group
- AISIN ASIA PTE. LTD.
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