Market Overview:
The global automotive ball joint 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 automotive ball joint market can be attributed to the increasing demand for passenger vehicles and commercial vehicles. The passenger vehicles segment is expected to account for a major share of the global automotive ball joint market during the forecast period. This can be attributed to the increasing demand for luxury cars and SUVs across the globe. The commercial vehicles segment is also anticipated to witness significant growth during the forecast period, owing to rising demand from emerging economies such as India and China. In terms of region, North America is expected to dominate the global automotive ball joint market during 2018-2030 followed by Europe and Asia Pacific respectively.
Product Definition:
A ball joint is a type of connector between two parts, typically allowing rotation and angular displacement. It consists of a stud and socket enclosed in a casing, with the stud passing through the casing. The socket is lined with rubber or plastic to form a seal.
Front Wheels:
The front wheels is a term used for the steering wheel, and the four tires that are mounted on it. The automotive industry has been witnessing significant changes over the years due to technological advancements. One of such advancement includes ball joint technology which is used in steering systems of vehicles to connect suspension components with chassis. These components allow free movement of vehicle’s body and facilitate easy turning even at high speeds.
Rear Wheels:
Rear wheels are used in automotive ball joints. They are also known as rear universal joint or rear cross member. It is a metal to rubber interface that allows wheel movement in different vehicles and positions without affecting the front wheels position.
Application Insights:
The passenger vehicles segment held the largest share of over 60.0% in 2017. The increasing demand for passenger vehicles is projected to remain a prominent factor driving the growth of this segment over the forecast period. In addition, stringent government regulations regarding safety and security are expected to drive demand for automotive ball joints in this application segment from 2018 to 2030.
Commercial Vehicles (AVs) are anticipated to witness significant growth owing to their increased use as substitutes for traditional modes of transportation such as buses and trucks that are used on a daily basis by various customers around the world. Owing to their ability provide flexibility in terms of design, they have become highly preferred across all applications including city buses, heavy-duty trucks among others which is expected drive market growth over the forecast period significantly especially from 2018 - 2030 when compared with other vehicle types currently available in the market place such as light commercial vehicles (LCVs).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period owing to increasing demand for passenger cars and commercial vehicles. The region accounted for a share of more than 30% in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. This growth can be attributed mainly to rising disposable income, especially in developing countries such as China, India, Indonesia, Vietnam and Thailand. Moreover, favorable government policies aimed at promoting manufacturing activities are also expected favorably impact industry growth over the coming years.
The European market was valued at USD X million in 2017 owing with high production volume of premium vehicles including luxury cars and off-roaders across Germany, France Italy Spain U.K.
Growth Factors:
- Increasing demand for automobiles: The global automotive industry is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing demand for passenger cars and commercial vehicles. This is expected to drive the growth of the automotive ball joint market.
- Rising disposable income: The rise in disposable income has led to an increase in consumer spending on automobiles, which is further propelling the growth of the automotive ball joint market.
- Technological advancements: Automotive ball joints are witnessing technological advancements with respect to their design and materials used, which is resulting in their increased adoption across different vehicle segments. This is driving the growth of this market segmentationally as well as geographically.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Ball Joint Market Research Report
By Type
Front Wheels, Rear Wheels
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
ZF Friedrichshafen, Tenneco, KYB Corporation, Continental, Magneti Marelli, Benteler International, Schaeffler, ZF Friedrichshafen
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Ball Joint Market Report Segments:
The global Automotive Ball Joint market is segmented on the basis of:
Types
Front Wheels, Rear Wheels
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 Vehicles, Commercial Vehicles
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:
- ZF Friedrichshafen
- Tenneco
- KYB Corporation
- Continental
- Magneti Marelli
- Benteler International
- Schaeffler
- ZF Friedrichshafen
Highlights of The Automotive Ball Joint 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:
- Front Wheels
- Rear Wheels
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Automotive Ball Joint 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?
An automotive ball joint is a type of joint used in automobiles and other vehicles to connect the upper and lower control arms.
Some of the key players operating in the automotive ball joint market are ZF Friedrichshafen, Tenneco, KYB Corporation, Continental, Magneti Marelli, Benteler International, Schaeffler, ZF Friedrichshafen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Ball Joint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Ball Joint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Ball Joint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Ball Joint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Ball Joint Market Size & Forecast, 2018-2028
4.5.1 Automotive Ball Joint Market Size and Y-o-Y Growth
4.5.2 Automotive Ball Joint Market Absolute $ Opportunity
Chapter 5 Global Automotive Ball Joint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Ball Joint Market Size Forecast by Type
5.2.1 Front Wheels
5.2.2 Rear Wheels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Ball Joint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Ball Joint Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Ball Joint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Ball Joint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Ball Joint Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Ball Joint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Ball Joint Market Size Forecast by Type
9.6.1 Front Wheels
9.6.2 Rear Wheels
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Ball Joint Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Ball Joint Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Ball Joint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Ball Joint Market Size Forecast by Type
10.6.1 Front Wheels
10.6.2 Rear Wheels
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Ball Joint Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Ball Joint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Ball Joint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Ball Joint Market Size Forecast by Type
11.6.1 Front Wheels
11.6.2 Rear Wheels
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Ball Joint Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Ball Joint Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Ball Joint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Ball Joint Market Size Forecast by Type
12.6.1 Front Wheels
12.6.2 Rear Wheels
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Ball Joint Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Ball Joint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Ball Joint Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Ball Joint Market Size Forecast by Type
13.6.1 Front Wheels
13.6.2 Rear Wheels
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Ball Joint Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Ball Joint Market: Competitive Dashboard
14.2 Global Automotive Ball Joint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF Friedrichshafen
14.3.2 Tenneco
14.3.3 KYB Corporation
14.3.4 Continental
14.3.5 Magneti Marelli
14.3.6 Benteler International
14.3.7 Schaeffler
14.3.8 ZF Friedrichshafen
