Market Overview:
The global constant velocity drive shaft 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 drive shaft market can be attributed to the increasing demand for passenger vehicles and commercial vehicles. Constant velocity drive shafts are used in various applications such as power steering, suspension systems, and transmission systems. They help improve the performance of a vehicle by providing smooth power transmission. North America is expected to lead the global constant velocity drive shaft market during the forecast period owing to the presence of major OEMs in this region.
Product Definition:
A constant velocity drive shaft (CVDS) is a shaft in a powertrain that helps maintain the rotational speed of the wheels as they spin. CVDSs are often found in all-wheel-drive and four-wheel-drive vehicles, as well as heavy equipment such as bulldozers and construction machinery. They are important because they help to keep power flowing evenly to all of the wheels, which can improve traction and handling on uneven surfaces or in difficult conditions.
OEM:
OEM is an abbreviation for original equipment manufacturer. It means the product manufactured by a company which has its own brand and is used as an designation for a group of products supplied to another company, which does not have its own brand. The other company may be a retailer or wholesaler, who supplies the OEM products to end-users under contract.
The OEM product designation includes machinery.
Aftermarket:
The aftermarket is the secondary market of the value chain for goods and services. It refers to all commercial activities concerning consumer goods, excluding primary production or manufacturing. Aftermarket products are those manufactured or supplied by a business subsequent to the primary production of goods (manufacturing).
Aftermarket can be defined as follows: The secondary market involving products that are produced and consumed simultaneously; it concerns commercial transactions subsequent to primary production i.e.
Application Insights:
The passenger vehicle application segment accounted for the largest revenue share of over 70% in 2017. The growth is attributed to increasing demand for vehicles, especially in developed regions such as North America and Europe. Moreover, technological advancements have also played a significant role in increasing the demand for constant velocity drive shafts (CVD) across all automotive segments. For instance, introduction of electric motors with VVTi has enabled manufacturers to use shorter driveshafts which results in smaller size and weight of the vehicle while improving fuel efficiency significantly.
Commercial vehicles are expected to be one of the fastest-growing segments over the forecast period owing to rising investments by governments across various developing countries including China India Brazil Indonesia Mexico Vietnam Thailand Malaysia Philippines South Africa Argentina etc. These countries are investing heavily on building new highways and expanding their existing road networks at a rapid pace which is likely to increase product demand from 2018 to 2030.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing demand for commercial vehicles in countries such as China and India. The growing manufacturing sector in these countries is also likely to have a positive impact on market growth over the forecast period. Furthermore, rising disposable income of consumers and improving standards of living are anticipated to fuel vehicle sales across this region.
North America was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumer awareness about constant velocity drive shafts along with their benefits over other conventional types of driveshafts used in passenger cars & trucks In addition, presence of major players such as ZF Friedrichshafen AG; Getrag Group S.p.A.; Tranmere Rovers Football Club; BMW Allemagne GmbH & Co., Ltd.; Mercedes-Benz Deutschland GmbH & Co.
Growth Factors:
- Increasing demand for CVDS in automotive industry for improving fuel efficiency and performance.
- Growing popularity of CVDS in electric and hybrid vehicles to reduce weight and improve efficiency.
- Rising demand from construction and mining equipment industries due to growing infrastructure development activities worldwide.
- Increasing use of CVDS in agricultural equipment to improve productivity and reduce wastage of crops/fertilizers/water etc.
- Technological advancements leading to higher torque capacity, longer life, improved reliability and lower cost of CVDS
Scope Of The Report
Report Attributes
Report Details
Report Title
Constant Velocity Drive Shaft Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, SKF, GSP Automotive Group, Seohan Group, JTEKT
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Constant Velocity Drive Shaft Market Report Segments:
The global Constant Velocity Drive Shaft market is segmented on the basis of:
Types
OEM, Aftermarket
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
- SKF
- GSP Automotive Group
- Seohan Group
- JTEKT
Highlights of The Constant Velocity Drive Shaft 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:
- OEM
- Aftermarket
- 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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft is a type of shaft that uses a constant speed to move the object it's attached to. This allows for more consistent movement and less wear on the object or machine it's attached to.
Some of the major players in the constant velocity drive shaft market are GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, SKF, GSP Automotive Group, Seohan Group, JTEKT.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size & Forecast, 2018-2028
4.5.1 Constant Velocity Drive Shaft Market Size and Y-o-Y Growth
4.5.2 Constant Velocity Drive Shaft Market Absolute $ Opportunity
Chapter 5 Global Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
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 Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
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 Constant Velocity Drive Shaft 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) Constant Velocity Drive Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Constant Velocity Drive Shaft 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) Constant Velocity Drive Shaft Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
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) Constant Velocity Drive Shaft 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 Constant Velocity Drive Shaft Market: Competitive Dashboard
14.2 Global Constant Velocity Drive Shaft 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 SKF
14.3.9 GSP Automotive Group
14.3.10 Seohan Group
14.3.11 JTEKT
