Market Overview:
The global automotive constant velocity 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. The global automotive constant velocity joint market has been segmented on the basis of type, application and region. On the basis of type, outboard joints are expected to account for a larger share in terms of value as compared to inboard joints over the forecast period. Outboard joints are used extensively in passenger cars owing to their easy installation and low cost as compared to other types of CVJs available in the market.
Product Definition:
An automotive constant velocity joint, also known as a CV joint, is a device that allows the drive shafts of a car to move independently of each other. This is important because it allows the wheels to move at different speeds, which is necessary for turning corners. The CV joint consists of two metal rings that are attached to the drive shafts and contain small balls that rotate inside them.
Outboard Joints:
Outboard joints are used in automotive industry to connect two components at a certain distance from the vehicle body. They are mostly used in suspension systems and drive shafts. The constant velocity joint is manufactured using high-quality materials, which ensures durability of the product for long term use. It also helps to reduce vibrations and increase comfort level of driver as well as passengers sitting on vehicle.
Inboard Joints:
The Inboard joint is a type of Constant Velocity Joint (CVJ) used in automobiles to connect two or more rotating shafts. The basic function of CVJ is to provide constant speed and linear movement between the input and output shafts.
Inboard joint has applications in various automotive segments such as commercial vehicles, passenger cars, heavy trucks, buses & coaches among others.
Application Insights:
The constant velocity joint finds application in various components of a vehicle, such as the front and rear suspension, steering system and brakes. The use of CVCJs in commercial vehicles is higher than that of passenger cars. In 2017, the commercial vehicle segment dominated with over 70% share in terms of revenue. The growth can be attributed to factors such as increasing demand for trucks on account of rapid urbanization along with an increase in disposable income among consumers across developing countries including China India & Brazil which fuels the demand for commercial vehicles thus leading to an increase in market share for this segment.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from developing countries such as India and China. In addition, rising disposable income levels and changing lifestyles are expected to boost automotive sales across this region, which will further propel product demand.
The European market was valued at USD Xtackle for constant velocity joint on account of high production volume coupled with stringent government regulations regarding fuel economy of vehicles. However, North America is anticipated to be the fastest-growing regional segment over the forecast period due to growing consumer preference for lightweight vehicles with superior performance characteristics comparedto their counterparts manufactured using heavy steel components or hybrid electric motors/battery packs combination.
Growth Factors:
- Increasing demand for automobiles: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of .7 trillion by 2020. This growth is primarily attributed to the increasing demand for automobiles in developing countries, such as China and India.
- Stringent emission norms: Stringent emission norms are being implemented across different countries in order to reduce environmental pollution levels. This is resulting in the increased adoption of fuel-efficient and low-emission vehicles, which is driving the growth of the CV joint market.
- Technological advancements: The CV joint market is witnessing rapid technological advancements with respect to design, materials used, and manufacturing processes employed therein These advancements are helping OEMs offer better performing CV joints that can withstand high torque loads and extreme operating conditions encountered in off-road applications..
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Constant Velocity Joint Market Research Report
By Type
Outboard Joints, Inboard Joints
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, Guansheng, SKF, Seohan Group, IFA Rotorion, JTEKT, Xiangyang Automobile Bearing, AAM, Heri Automotive
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Constant Velocity Joint Market Report Segments:
The global Automotive Constant Velocity Joint market is segmented on the basis of:
Types
Outboard Joints, Inboard Joints
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 Vehicle, 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:
- GKN
- NTN
- SDS
- Nexteer
- Wanxiang
- Hyundai WIA
- Neapco
- Guansheng
- SKF
- Seohan Group
- IFA Rotorion
- JTEKT
- Xiangyang Automobile Bearing
- AAM
- Heri Automotive
Highlights of The Automotive Constant Velocity 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:
- Outboard Joints
- Inboard Joints
- By Application:
- Passenger Vehicle
- 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 Automotive Constant Velocity 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 constant velocity joint is a type of joint used in automobiles and other vehicles to allow for smooth movement between the rotating components. Constant velocity joints are often found in the axle assemblies of cars, trucks, and SUVs.
Some of the key players operating in the automotive constant velocity joint market are GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, Guansheng, SKF, Seohan Group, IFA Rotorion, JTEKT, Xiangyang Automobile Bearing, AAM, Heri Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Constant Velocity 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 Constant Velocity Joint Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Constant Velocity 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 Constant Velocity 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 Constant Velocity Joint Market Size & Forecast, 2020-2028 4.5.1 Automotive Constant Velocity Joint Market Size and Y-o-Y Growth 4.5.2 Automotive Constant Velocity Joint Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Outboard Joints
5.2.2 Inboard Joints
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Constant Velocity 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 Constant Velocity 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Outboard Joints
9.6.2 Inboard Joints
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Outboard Joints
10.6.2 Inboard Joints
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Outboard Joints
11.6.2 Inboard Joints
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Outboard Joints
12.6.2 Inboard Joints
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Outboard Joints
13.6.2 Inboard Joints
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Constant Velocity Joint Market: Competitive Dashboard
14.2 Global Automotive Constant Velocity Joint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 NTN
14.3.3 SDS
14.3.4 Nexteer
14.3.5 Wanxiang
14.3.6 Hyundai WIA
14.3.7 Neapco
14.3.8 Guansheng
14.3.9 SKF
14.3.10 Seohan Group
14.3.11 IFA Rotorion
14.3.12 JTEKT
14.3.13 Xiangyang Automobile Bearing
14.3.14 AAM
14.3.15 Heri Automotive