Market Overview:
CV joints are used to transmit power from the engine to the wheels in a car. There are two types of CV joints- outboard and inboard. Outboard CV joints are located outside the vehicle, while inboard CV joints are located inside the vehicle. The market for global half shaft CV joint is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market can be attributed to factors such as rising demand for passenger vehicles and commercial vehicles, increasing urbanization, and technological advancements.
Product Definition:
A half shaft CV joint is a device that allows power to be transferred between two driveshafts. It is important because it allows the drivetrain to function properly, and it helps to ensure that the vehicle can move smoothly.
Outboard Joints:
Outboard joint is a connection between the shaft and the propeller or motor. It's main function is to transmit torque and resist forces. The outboard joint has an important role in marine propulsion as it allows free rotation of the propeller relative to the shaft, but prevents relative movement between them.
The market for outboard joints consists of replacement & original equipment manufacturers (OEMs), suppliers, repair shops, independent repair centers.
Inboard Joints:
The Inboard joint is a type of connection used in the drive trains of automobiles and other wheeled vehicles. It is mainly used to connect the output shaft with the input shaft or between different sections of a gear. The Inboard joint has two major types, which are full-depth and shallower joints. Shallower joints are usually found in low-speed drives while deeper ones are typically utilized for high-speed applications as they provide better lubrication conditions and higher strength capabilities.
Application Insights:
The passenger vehicle application segment led the global half shaft CV joint market in 2017 and is projected to maintain its dominance over the forecast period. The growing demand for passenger vehicles is a major factor driving product demand. In addition, stringent environmental regulations regarding fuel consumption have resulted in an increased focus on automotive manufacturers toward developing efficient vehicles with reduced carbon emissions. This has further driven the adoption of half shaftCV joints as they are considered to be one of the most energy-efficient drivetrain components available today.
Commercial vehicle applications are expected to witness significant growth over the forecast period owing to rising government initiatives aimed at improving road safety and increasing utilization of commercial transport systems such as buses and trucks across various regions around the world including Europe, Asia Pacific and North America.
Regional Analysis:
The Asia Pacific half shaft CV joint market is anticipated to grow at the highest CAGR over the forecast period. The growth of this region can be attributed to increasing demand from developing countries such as India and China. In addition, rising disposable income coupled with growing automotive industry in these regions will drive the overall market further. Europe also accounted for a significant share owing to high demand from passenger cars and commercial vehicles segments.
North America is expected to witness moderate growth due to stringent government regulations regarding fuel economy of vehicles coupled with CO2 emissions levels required by law for each vehicle category i.e., light vehicle, medium weight vehicle (light truck), heavy-duty vehicle (tractor). Moreover, stringent CAFE standards set by U.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Growing automotive industry in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in CV joint design and manufacturing process
- Stringent emission norms and fuel efficiency requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Half Shaft CV 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, SKF, GSP Automotive Group, 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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Half Shaft CV Joint Market Report Segments:
The global Half Shaft CV 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
- SKF
- GSP Automotive Group
- Seohan Group
- IFA Rotorion
- JTEKT
- Xiangyang Automobile Bearing
- AAM
- Heri Automotive
Highlights of The Half Shaft CV 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 Half Shaft CV 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?
A half shaft CV joint is a type of joint used in vehicles to connect the front and rear axles. It allows the vehicle to move forward and backward, but not side-to-side.
Some of the major companies in the half shaft cv joint market are GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, SKF, GSP Automotive Group, Seohan Group, IFA Rotorion, JTEKT, Xiangyang Automobile Bearing, AAM, Heri Automotive.
The half shaft cv joint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Half Shaft CV 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 Half Shaft CV Joint Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Half Shaft CV 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 Half Shaft CV 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 Half Shaft CV Joint Market Size & Forecast, 2018-2028 4.5.1 Half Shaft CV Joint Market Size and Y-o-Y Growth 4.5.2 Half Shaft CV Joint Market Absolute $ Opportunity
Chapter 5 Global Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV 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 Half Shaft CV 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 Half Shaft CV Joint Analysis and Forecast
9.1 Introduction
9.2 North America Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV Joint 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 Half Shaft CV Joint Analysis and Forecast
10.1 Introduction
10.2 Europe Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV Joint 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 Half Shaft CV Joint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV Joint 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 Half Shaft CV Joint Analysis and Forecast
12.1 Introduction
12.2 Latin America Half Shaft CV 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 Half Shaft CV Joint 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 Half Shaft CV Joint 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) Half Shaft CV Joint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Half Shaft CV 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) Half Shaft CV Joint 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) Half Shaft CV Joint 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 Half Shaft CV Joint Market: Competitive Dashboard
14.2 Global Half Shaft CV 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 SKF
14.3.9 GSP Automotive Group
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