Automotive Constant Velocity Joint Market By Joint type (Fixed and Plunge Joints, Rzeppa Joints, Tripod Joints, Others), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Propulsion (ICE, Electric and Hybird, Others), By Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
The automotive constant velocity joint or CV joint is a component mounted on drive shaft of the vehicle which is used to transfer power to the wheels from transmission. The constant velocity joint also makes sure the power is transmitted at a consistent speed of rotation without much friction. CV joints are part of all the front-wheel drive vehicles. Moreover, in newer rear-wheel drive vehicles with a separate rear suspension, CV joints are present on the half-shafts’ of rear axles.
The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for fuel efficient vehicles is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes which is anticipated to propel the demand for automotive constant velocity joint up to a great degree during the forecast period.
The automotive constant velocity joint market is segmented basis of joint type, vehicle type, propulsion, distribution channel, and region. On the basis of joint type, it is divided into fixed & plunge joints, Rzeppa joints, tripod joints, and others. By vehicle type, it is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. By propulsion, it is divided into ICE, electric & hybrid, and others. By distribution channel, it is divided into OEM, and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are American Axle & Manufacturing, Inc., GKN Automotive Limited, GSP Automotive Group Wenzhou Co. Ltd., Hyundai WIA Corporation, IFA Group, Nanyang Automobile & Cycle Group, Neapco Holdings LLC, Nexteer Automotive, NKN LTD, NTN Corporation, Shandong Carfree Auto Fittings CO., LTD, SKF, Taizhou Hongli Automobile Parts Co., Ltd., Wanxiang Qianchao Co. Ltd., and Zhejiang ODM Transmission Technology Co., Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive constant velocity joint market analysis from 2021 to 2031 to identify the prevailing automotive constant velocity joint market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive constant velocity joint market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive constant velocity joint market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Joint type
Rzeppa Joints
Tripod Joints
Others
Fixed and Plunge Joints
By Distribution Channel
OEM
Aftermarket
By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Propulsion
ICE
Electric and Hybird
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
UK
Poland
Spain
Rest Of Europe
Asia-Pacific
South Korea
Asean
Rest Of Asia-Pacific
China
India
Japan
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
GKN
American Axle Manufacturing Holdings Inc.
Hyundai WIA Corporation
IFA Rotorion
Nanyang Automobile & Cycle Group
Neapco Holdings LLC
Nexteer Automotive NA
NKN Co. Ltd.
NTN Corporation
Shandong Huifeng Auto Fittings Co
SKF
Taizhou Hongli Automobile Parts Co. Ltd
Wanxiang Qianchao Co. Ltd
Zhejiang ODM Transmission Technology Co. Ltd.
ZWZ
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