Global Constant Velocity Universal Joint Market Growth 2023-2029

Global Constant Velocity Universal Joint Market Growth 2023-2029

Constant-velocity joints (CV joints) allow a drive shaft to transmit power through a variable angle, at constant rotational speed, without an appreciable increase in friction or play. They are mainly used in front wheel drive vehicles, and many modern rear wheel drive cars with independent rear suspension typically use CV joints at the ends of the rear axle halfshafts and increasingly use them on the propshafts (drive shafts).

LPI (LP Information)' newest research report, the “Constant Velocity Universal Joint Industry Forecast” looks at past sales and reviews total world Constant Velocity Universal Joint sales in 2022, providing a comprehensive analysis by region and market sector of projected Constant Velocity Universal Joint sales for 2023 through 2029. With Constant Velocity Universal Joint sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Constant Velocity Universal Joint industry.

This Insight Report provides a comprehensive analysis of the global Constant Velocity Universal Joint landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Constant Velocity Universal Joint portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Constant Velocity Universal Joint market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Constant Velocity Universal Joint and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Constant Velocity Universal Joint.

The global Constant Velocity Universal Joint market size is projected to grow from US$ 7551 million in 2022 to US$ 9557.3 million in 2029; it is expected to grow at a CAGR of 9557.3 from 2023 to 2029.

Global Constant Velocity Universal Jointmain players are GKN, NTN, AAM, Meritor, etc. Global top four manufacturers hold a share over 50%. China is the largest market, with a share nearly 35%.

This report presents a comprehensive overview, market shares, and growth opportunities of Constant Velocity Universal Joint market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Ball
Fork

Segmentation by application
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GKN
NTN
AAM
Meritor
Wanxiang
Dana
Nexteer
Hyundai WIA
JTEKT
IFA Rotorion
SKF
Seohan Group
Guansheng
Neapco
Feizhou Vehicle
Heri Automotive
Xiangyang Automobile Bearing

Key Questions Addressed in this Report

What is the 10-year outlook for the global Constant Velocity Universal Joint market?

What factors are driving Constant Velocity Universal Joint market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Constant Velocity Universal Joint market opportunities vary by end market size?

How does Constant Velocity Universal Joint break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.