Market Overview:
The global ball joints market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global ball joints market can be attributed to the increasing demand for passenger cars and commercial vehicles. In terms of type, the load-bearing ball joint segment is expected to account for a major share of the global ball joints market during the forecast period. This can be attributed to its high demand in passenger cars and commercial vehicles. In terms of application, the passenger car segment is anticipated to hold a dominant position in the global ball joints market during 2018-2030. This can be ascribed to rising demand for luxury cars across regions.
Product Definition:
A ball joint is a type of connector between two parts, which allows one to rotate around the other. It consists of a spherical bearing surrounded by a cup-shaped housing. The bearing fits into a socket in the other part, and the housing fits over or around the shaft that connects them. Ball joints are typically used where there is significant angular movement between the two parts, as in an automobile suspension system.
Load-bearing Ball Joint:
The load-bearing ball joint is a special type of ball joint that has two cups, one of them is fixed and the other one can move in any direction. This allows the degree of freedom that the rigid connection between both cups can withstand. The load-bearing ball joints are used in various applications such as steering wheels, seats, bumpers and even engines to absorb shocks or vibrations.
Non-load Bearing Ball Joint:
Non-load bearing ball joints are used in place of conventional load-bearing ball joints. They have several advantages over their counterparts such as they do not need to be removed for disassembly, they can be installed without any welding and the like.
The main advantage is that there is no stress on the joint when it's moving, because there's no weight on it.
Application Insights:
Passenger car application segment led the global ball joints market in 2017 and is projected to maintain its dominance over the forecast period. The growing demand for passenger cars as a result of rapid urbanization, rising disposable income, and changing consumer preferences is expected to drive the growth of this segment. In addition, increasing production capacities in key markets including China, India & Brazil are anticipated to propel industry expansion over the coming years.
Commercial vehicle application segment was valued at USD 1.5 billion in 2017 owing to high product demand from heavy-duty vehicles such as trucks and buses across various regions including North America and Europe Pacific rim countries). These vehicles have higher weight carrying capacity which increases need for robust suspension components that can withstand harsh road conditions along with providing comfort ride quality which further drives their adoption globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for passenger cars and light commercial vehicles (LCVs). In addition, stringent safety norms for automotive components are also driving product adoption in this region.
The Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and urbanization coupled with rising disposable income levels among consumers in emerging economies such as China and India. Furthermore, government initiatives encouraging manufacturers from developing countries such as India are expected to boost regional growth over the next eight years (2030). For instance, ‘Make in India’ initiative by Indian government is aimed at promoting manufacturing activities within its borders which will create ample opportunities for Ball Joints Manufacturers & Suppliers operating within Asia Pacific Region over next few years (2030).
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry in developing countries
- Rising demand for luxury and premium cars
- Increasing adoption of ball joints in electric vehicles
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Ball Joints Market Research Report
By Type
Load-bearing Ball Joint, Non-load Bearing Ball Joint
By Application
Passenger Car, Commercial Vehicle
By Companies
Somic Ishikawa, GMB, Federal-Mogul, Honeywell, ZF Friedrichshafen, Hyspan Precision Products, CCTY Bearing, Delphi Technologies, QA1, MOOG Parts, Pailton Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Ball Joints Market Report Segments:
The global Ball Joints market is segmented on the basis of:
Types
Load-bearing Ball Joint, Non-load Bearing Ball Joint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Somic Ishikawa
- GMB
- Federal-Mogul
- Honeywell
- ZF Friedrichshafen
- Hyspan Precision Products
- CCTY Bearing
- Delphi Technologies
- QA1
- MOOG Parts
- Pailton Engineering
Highlights of The Ball Joints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Load-bearing Ball Joint
- Non-load Bearing Ball Joint
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ball Joints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A ball joint is a type of joint that allows the two parts of a body to move smoothly together. Ball joints are found in the hips, shoulders, and other areas of the body.
Some of the key players operating in the ball joints market are Somic Ishikawa, GMB, Federal-Mogul, Honeywell, ZF Friedrichshafen, Hyspan Precision Products, CCTY Bearing, Delphi Technologies, QA1, MOOG Parts, Pailton Engineering.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ball Joints Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ball Joints Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ball Joints Market - Supply Chain
4.5. Global Ball Joints Market Forecast
4.5.1. Ball Joints Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ball Joints Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ball Joints Market Absolute $ Opportunity
5. Global Ball Joints Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ball Joints Market Size and Volume Forecast by Type
5.3.1. Load-bearing Ball Joint
5.3.2. Non-load Bearing Ball Joint
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ball Joints Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ball Joints Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ball Joints Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ball Joints Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ball Joints Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ball Joints Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ball Joints Demand Share Forecast, 2019-2026
9. North America Ball Joints Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ball Joints Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ball Joints Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ball Joints Market Size and Volume Forecast by Type
9.7.1. Load-bearing Ball Joint
9.7.2. Non-load Bearing Ball Joint
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ball Joints Demand Share Forecast, 2019-2026
10. Latin America Ball Joints Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ball Joints Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ball Joints Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ball Joints Market Size and Volume Forecast by Type
10.7.1. Load-bearing Ball Joint
10.7.2. Non-load Bearing Ball Joint
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ball Joints Demand Share Forecast, 2019-2026
11. Europe Ball Joints Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ball Joints Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ball Joints Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ball Joints Market Size and Volume Forecast by Type
11.7.1. Load-bearing Ball Joint
11.7.2. Non-load Bearing Ball Joint
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ball Joints Demand Share, 2019-2026
12. Asia Pacific Ball Joints Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ball Joints Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ball Joints Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ball Joints Market Size and Volume Forecast by Type
12.7.1. Load-bearing Ball Joint
12.7.2. Non-load Bearing Ball Joint
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ball Joints Demand Share, 2019-2026
13. Middle East & Africa Ball Joints Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ball Joints Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ball Joints Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ball Joints Market Size and Volume Forecast by Type
13.7.1. Load-bearing Ball Joint
13.7.2. Non-load Bearing Ball Joint
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ball Joints Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ball Joints Market: Market Share Analysis
14.2. Ball Joints Distributors and Customers
14.3. Ball Joints Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Somic Ishikawa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GMB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Federal-Mogul
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZF Friedrichshafen
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyspan Precision Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CCTY Bearing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Delphi Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. QA1
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MOOG Parts
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pailton Engineering
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
