Market Overview:
The global constant velocity 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 constant velocity joints market can be attributed to the increasing demand for passenger cars and commercial vehicles. Constant velocity joints are used in automobiles for transmitting power between the engine and wheels. They help in maintaining a consistent speed while turning, which results in improved fuel efficiency and handling. Inner joint type CVJs are more popular than outer joint type CVJs due to their low cost and easy installation. Passenger cars account for the majority of the demand for CVJs followed by commercial vehicles.
Product Definition:
Constant Velocity Joints are used to connect two parts together so that they move at the same speed. This is important because it ensures that the parts move smoothly and without any jerking or hesitation.
Inner Joint:
Inner joint is a medical device used to treat knee pain caused due to osteoarthritis. It’s an arthroscopic surgical instrument that is inserted into the knee joint and helps in reducing pain by limiting the movement of damaged joints. The main aim of this surgery is to reduce or eliminate any swelling, inflammation, and irritation in the cartilage surface of the knee.
Outer Joint:
Outer joint is a device that is used in Constant Velocity (CV) joints. CV joint has the ability to move in all three dimensions simultaneously which makes it capable of performing 180 degree turns and also helps to reduce wear & tear.
It's important to understand that constant velocity joints are not just limited to cars, but they are used across various industries including construction, manufacturing, marine and aerospace etc.
Application Insights:
Passenger car application was the largest segment in 2017 and is expected to continue its dominance over the forecast period. Consistent growth of passenger cars sales across various regions, coupled with growing middle-class population, has been contributing significantly to product demand.
Commercial vehicle application segment is estimated to witness significant growth over the forecast period owing to rising industrialization and urbanization in developing countries such as India, Indonesia, Thailand and China. Growing emphasis on transportation for logistics purposes coupled with increasing need for durable joints is projected to drive product demand from commercial vehicles over the next eight years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for passenger cars in countries such as India, China, and Japan. Furthermore, rising disposable income coupled with government initiatives encouraging people to drive premium cars is expected to have a positive impact on the market growth over the forecast period.
Europe was valued at USD X million in 2017 and is estimated to grow significantly over the forecast period owing towards growing automotive industry coupled with stringent regulations regarding fuel emissions by European Union (EU). The EU has introduced several rules and regulations regarding CO2 emissions which are anticipated favorably impact vehicle manufacturers operating within Europe thereby driving overall market growth.
Growth Factors:
- Increasing awareness about the benefits of Constant Velocity Joints among consumers
- Rising demand for Constant Velocity Joints from the automotive sector
- Growing popularity of Constant Velocity Joints among sports enthusiasts
- Proliferation of online retail platforms that offer a wide range of Constant Velocity Joints products at competitive prices
- increasing research and development investments by leading players to develop innovative and advanced Constant Velocity Joint
Scope Of The Report
Report Attributes
Report Details
Report Title
Consant Velocity Joints Market Research Report
By Type
Inner Joint, Outer Joint
By Application
Passenger Car, Commerical Car
By Companies
Nanyang Automobile & Cycle Group China, GKN, NTN, AAM, Meritor, Wanxiang, Dana, Nexteer, Hyundai WIA, JTEKT, Nanyang Automobile & Cycle Group China, SKF, Seohan Group, Guansheng, Neapco, Feizhou Vehicle, Heri Automotive, Xiangyang Automobile Bearing
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Consant Velocity Joints Market Report Segments:
The global Consant Velocity Joints market is segmented on the basis of:
Types
Inner Joint, Outer 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, Commerical Car
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:
- Nanyang Automobile & Cycle Group China
- GKN
- NTN
- AAM
- Meritor
- Wanxiang
- Dana
- Nexteer
- Hyundai WIA
- JTEKT
- Nanyang Automobile & Cycle Group China
- SKF
- Seohan Group
- Guansheng
- Neapco
- Feizhou Vehicle
- Heri Automotive
- Xiangyang Automobile Bearing
Highlights of The Consant Velocity 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:
- Inner Joint
- Outer Joint
- By Application:
- Passenger Car
- Commerical Car
- 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 Consant Velocity 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?
Consant Velocity Joints are a type of joint that uses lasers to create a frictionless connection between two objects. This technology is used in many different applications, including medical devices and aerospace engineering.
Some of the major companies in the consant velocity joints market are Nanyang Automobile & Cycle Group China, GKN, NTN, AAM, Meritor, Wanxiang, Dana, Nexteer, Hyundai WIA, JTEKT, Nanyang Automobile & Cycle Group China, SKF, Seohan Group, Guansheng, Neapco, Feizhou Vehicle, Heri Automotive, Xiangyang Automobile Bearing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Consant Velocity Joints 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 Consant Velocity Joints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Consant Velocity Joints 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 Consant Velocity Joints 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 Consant Velocity Joints Market Size & Forecast, 2018-2028
4.5.1 Consant Velocity Joints Market Size and Y-o-Y Growth
4.5.2 Consant Velocity Joints Market Absolute $ Opportunity
Chapter 5 Global Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Type
5.2.1 Inner Joint
5.2.2 Outer Joint
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commerical Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consant Velocity Joints 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 Consant Velocity Joints 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 Consant Velocity Joints Analysis and Forecast
9.1 Introduction
9.2 North America Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Type
9.6.1 Inner Joint
9.6.2 Outer Joint
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 Consant Velocity Joints Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commerical Car
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 Consant Velocity Joints Analysis and Forecast
10.1 Introduction
10.2 Europe Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Type
10.6.1 Inner Joint
10.6.2 Outer Joint
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 Consant Velocity Joints Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commerical Car
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 Consant Velocity Joints Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Type
11.6.1 Inner Joint
11.6.2 Outer Joint
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 Consant Velocity Joints Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commerical Car
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 Consant Velocity Joints Analysis and Forecast
12.1 Introduction
12.2 Latin America Consant Velocity Joints 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 Consant Velocity Joints Market Size Forecast by Type
12.6.1 Inner Joint
12.6.2 Outer Joint
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 Consant Velocity Joints Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commerical Car
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) Consant Velocity Joints Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Consant Velocity Joints 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) Consant Velocity Joints Market Size Forecast by Type
13.6.1 Inner Joint
13.6.2 Outer Joint
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) Consant Velocity Joints Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commerical Car
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 Consant Velocity Joints Market: Competitive Dashboard
14.2 Global Consant Velocity Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nanyang Automobile & Cycle Group China
14.3.2 GKN
14.3.3 NTN
14.3.4 AAM
14.3.5 Meritor
14.3.6 Wanxiang
14.3.7 Dana
14.3.8 Nexteer
14.3.9 Hyundai WIA
14.3.10 JTEKT
14.3.11 Nanyang Automobile & Cycle Group China
14.3.12 SKF
14.3.13 Seohan Group
14.3.14 Guansheng
14.3.15 Neapco
14.3.16 Feizhou Vehicle
14.3.17 Heri Automotive
14.3.18 Xiangyang Automobile Bearing
