Market Overview:
The global half shaft constant velocity joints market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. The outboard joint segment holds a comparatively larger share in the global market, which accounts for about 56%. Passenger vehicle is estimated to have a major share in the global market with 80%. North America dominates the global half shaft CV joints market with a share of 38%, followed by Europe and Asia Pacific.
Product Definition:
A half shaft constant velocity joint (HSCVJ) is a type of constant velocity joint used on half shafts in a vehicle. HSCVJs are used to transmit power between the engine and the wheels while allowing for limited relative rotation between the two shafts. This allows for smooth, efficient power transmission while also allowing for suspension movement and steering inputs. Without HSCVJs, these movements would cause significant wear on the drivetrain components.
Outboard Joints:
Outboard joints are the connection between the propeller or motor and the boat frame. They are used to transmit force from one side of a joint to another in a rigid body, usually by connecting two or more components at an angle.
The O-rings that make up the joint also act as seals that prevent water from getting into other parts of the boat such as gas tanks.
Inboard Joints:
The Inboard Joints are used in Constant Velocity (CV) joints. CV joint is a type of mechanical joint, which allows the rotation of one or more shafts with no external force applied. The constant velocity joints are widely used in automotive applications to connect the drivetrain components such as transmission and final drives.
Inboard Joint types include: Ball & Cup, Pin & Shell, and Plug & Socket.
Application Insights:
The commercial vehicle segment is estimated to witness the fastest growth over the forecast period. Constant velocity joints are used in various applications including passenger vehicle, light commercial vehicles (LCVs), heavy-duty LCVs and buses, trucks, and coaches. The increasing number of road projects across the globe coupled with rising demand for public transport services is expected to drive product demand in this application segment over the forecast period.
Passenger vehicles accounted for a major share in terms of usage as well as sales volume globally owing to growing middle-class population along with high living standards among developing countries such as China and India which propel industry growth worldwide.
Regional Analysis:
The Asia Pacific is anticipated to be the fastest-growing market, with a CAGR of XX% from 2018 to 2030. The growth in this region can be attributed to increasing demand for efficient vehicles and rising disposable income of consumers. Furthermore, supportive government initiatives such as “Make in India†campaign by the Indian government are expected to boost automotive production in this region, which will further propel product demand. In addition, growing investments by OEMs and new vehicle manufacturers are also expected drive the regional market growth over the forecast period.
Europe was estimated at USD X billion in 2017 owing to high usage rates of Constant Velocity Joints (CVsJ) across commercial applications such as heavy machinery and marine vessels among others regions globally due its superior performance characteristics compared with other types of joints available on global markets including Half Shaft Constant Torque Joint (HSCTJ).
Growth Factors:
- Increasing demand for fuel-efficient vehicles
- Rising automotive production in developing countries
- Growing popularity of all-wheel drive vehicles
- Proliferation of electric and hybrid vehicles
- Advances in engineering and design
Scope Of The Report
Report Attributes
Report Details
Report Title
Half Shaft Constant Velocity Joints Market Research Report
By Type
Outboard Joints, Inboard Joints, , The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
By Application
Passenger Vehicle, Commercial Vehicle, , Passenger vehicle is estimated to have a major share in the global market with 80%.
By Companies
GKN, NTN, Dana, Nexteer, JTEKT, Wanxiang, Hyundai WIA, AAM, SKF, Neapco, Seohan Group, IFA Rotorion, Guansheng, Xiangyang Automobile Bearing, Heri Automotive, Feizhou Vehicle
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Half Shaft Constant Velocity Joints Market Report Segments:
The global Half Shaft Constant Velocity Joints market is segmented on the basis of:
Types
Outboard Joints, Inboard Joints, , The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
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, , Passenger vehicle is estimated to have a major share in the global market with 80%.
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
- Dana
- Nexteer
- JTEKT
- Wanxiang
- Hyundai WIA
- AAM
- SKF
- Neapco
- Seohan Group
- IFA Rotorion
- Guansheng
- Xiangyang Automobile Bearing
- Heri Automotive
- Feizhou Vehicle
Highlights of The Half Shaft Constant 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:
- Outboard Joints
- Inboard Joints
- The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Passenger vehicle is estimated to have a major share in the global market with 80%.
- 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 Constant 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.
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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?
Half shaft Constant Velocity Joints are used in vehicles to allow the wheels to rotate at a constant speed.
Some of the major players in the half shaft constant velocity joints market are GKN, NTN, Dana, Nexteer, JTEKT, Wanxiang, Hyundai WIA, AAM, SKF, Neapco, Seohan Group, IFA Rotorion, Guansheng, Xiangyang Automobile Bearing, Heri Automotive, Feizhou Vehicle.
The half shaft constant velocity joints market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Half Shaft Constant Velocity Joints Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Half Shaft Constant Velocity Joints Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Half Shaft Constant Velocity Joints Market - Supply Chain
4.5. Global Half Shaft Constant Velocity Joints Market Forecast
4.5.1. Half Shaft Constant Velocity Joints Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Half Shaft Constant Velocity Joints Market Size (000 Units) and Y-o-Y Growth
4.5.3. Half Shaft Constant Velocity Joints Market Absolute $ Opportunity
5. Global Half Shaft Constant Velocity Joints Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
5.3.1. Outboard Joints
5.3.2. Inboard Joints
5.3.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Half Shaft Constant Velocity Joints Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Commercial Vehicle
6.3.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Half Shaft Constant Velocity Joints Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Half Shaft Constant Velocity Joints Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Half Shaft Constant Velocity Joints Demand Share Forecast, 2019-2026
9. North America Half Shaft Constant Velocity Joints Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Commercial Vehicle
9.4.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
9.7.1. Outboard Joints
9.7.2. Inboard Joints
9.7.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Half Shaft Constant Velocity Joints Demand Share Forecast, 2019-2026
10. Latin America Half Shaft Constant Velocity Joints Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Commercial Vehicle
10.4.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
10.7.1. Outboard Joints
10.7.2. Inboard Joints
10.7.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Half Shaft Constant Velocity Joints Demand Share Forecast, 2019-2026
11. Europe Half Shaft Constant Velocity Joints Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Commercial Vehicle
11.4.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
11.7.1. Outboard Joints
11.7.2. Inboard Joints
11.7.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Half Shaft Constant Velocity Joints Demand Share, 2019-2026
12. Asia Pacific Half Shaft Constant Velocity Joints Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Commercial Vehicle
12.4.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
12.7.1. Outboard Joints
12.7.2. Inboard Joints
12.7.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Half Shaft Constant Velocity Joints Demand Share, 2019-2026
13. Middle East & Africa Half Shaft Constant Velocity Joints Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Half Shaft Constant Velocity Joints Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Commercial Vehicle
13.4.4. Passenger vehicle is estimated to have a major share in the global market with 80%.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Half Shaft Constant Velocity Joints Market Size and Volume Forecast by Type
13.7.1. Outboard Joints
13.7.2. Inboard Joints
13.7.4. The segment of outboard joints holds a comparatively larger share in global market, which accounts for about 56%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Half Shaft Constant Velocity Joints Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Half Shaft Constant Velocity Joints Market: Market Share Analysis
14.2. Half Shaft Constant Velocity Joints Distributors and Customers
14.3. Half Shaft Constant Velocity Joints Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GKN
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NTN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dana
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nexteer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JTEKT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wanxiang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hyundai WIA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AAM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Neapco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Seohan Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. IFA Rotorion
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Guansheng
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xiangyang Automobile Bearing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Heri Automotive
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Feizhou Vehicle
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
