Automotive Constant Velocity Joint market is predicted to witness 5.5% CAGR by 2032

Pune, India, July, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive constant velocity joint market. The automotive constant velocity joint market is expected to witness 5.5% CAGR during the period, 2023 to 2032.

Market Highlights

An automotive constant velocity joint helps transmit torque to front or rear axles without friction at a constant speed. Constant velocity joint provide hassle-free ride without vibration & noise. Constant velocity joint are surrounded by rubber, which is filled with molybdenum disulfide grease, which reduces friction & wear. Increase in the per capita disposable income and growing purchasing power of the customers will enhance the growth of the market. Rapid increase in sales of passenger cars, hatchback, SUV, and sedans, across the globe, driving the growth of constant velocity joints. Growing construction industry throughout the globe increases the growth of constant velocity joint market due to the growing demand for heavy commercial vehicle. Increased logistics in place, across the globe, will also drive the global automotive constant velocity joint market. Moreover, the growth of the market is challenged by the high prices of the parts such as half shafts, axles and reduction of greenhouse gas emission. Increased focus on gaining customer satisfaction will make it difficult for manufacturers to innovate and develop efficient constant velocity joint systems.   

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Constant Velocity Joint Market Trends

Market Research Analysis

In terms of region, the global market for automotive constant velocity joints is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to hold the major revenue share during the forecast period. Innovations in North America and awareness regarding the environment safety will gain the region, the highest market share. Europe is anticipated to witness high growth due to significant growth in manufacturing industry across the region.Government regulations in Europe are becoming stricter every year. This means that the manufacturers need to be well aware of the regulatory requirement. Russia & Poland are also estimated to boost the market for constant velocity joints due to significant growth in the logistics & transportation industry.     Asia Pacific will hold the highest CAGR during the forecast period due to the increase in the sales of premium vehicles, rise in GDP, and increased purchasing power. Furthermore, increased sales of vehicles in China, Japan, and India will enhance the overall revenue of the market.

Scope of the Report

This study provides an overview of the global automotive constant velocity joint market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive constant velocity joint market by joint type, vehicle type, application and regions.

• Tracta joints


• Rzeppa Joints


• Double Coupling


• Thomson Coupling


• Others

• Passenger car


• Light Commercial Vehicle


• Heavy Commercial Vehicle

• Commercial


• Logistics


• Defense


• Aviation

• North America 


• Asia Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the automotive constant velocity joint market are GKN (U.K), IFA Rotorion (Germany), SKF (Sweden), NTN Corporation (Japan), Nexteer Automotive (U.S.) NKN Co. Ltd. (Japan), ZWZ (China) and Zhejiang ODM Transmission Technology Co., Ltd. (China).  Wanxiang Qianchao Co. Ltd. (China), Nanyang Automobile & Cycle Group (China), Taizhou Hongli Automobile Parts Co. Ltd. (China), Shandong Huifeng Auto Fittings Co. Ltd.(China) and American Axle & Manufacturing Holdings, Inc.(U.S.) are among others.