Summary

Global Automotive Constant Velocity Joint Market is valued approximately USD 2.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. Automotive Constant Velocity Joint or cv joints are mechanical joints used in automotive industry for the purpose of connecting vehicle’s transmission with wheels. These joints are part of driveshaft and are used in front, rear- and four-wheel drive vehicles. Automotive constant velocity joints are capable of transmitting power through a variable angle, at constant rotational speed, without significant increase in friction. The increasing expansion of global automotive sector and growing vehicle production in developing regions as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing expansion of global automotive industry is contributing to the growth of the Global Automotive Constant Velocity Joint Market. For instance, as per Statista – as of 2022, the revenue in the worldwide Passenger Cars market is estimated at USD 1,890 billion, and the global revenue is projected to grow at an annual growth rate (CAGR 2022-2026) of 1.79%, witneesing a market volume of USD 2,029 billion by 2026. Moreover, according to Statista - in 2021, in post covid era worldwide commercial vehicle production rose to around 23.2 million units. In addition, Asia and Oceania regarded as the top manufacturer of heavy trucks in 2021, with around 3.3 million units produced. Also, increasing demand for commercial vehicles across the industries and rising popularity of electric & hybrid vehicles would create lucrative growth prospectus for the market over the forecast period. However, complexity associated with installation of Automotive Constant Velocity Joint and volatile coast of raw materials stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automotive Constant Velocity Joint Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing demand for commercial vehicles across logistics & transportation sector in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising expansion of automotive manufacturing sector & increasing penetration of leading market players in the region.

Major market player included in this report are:
GKN Limited
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


Recent Developments in the Market:
 In January 2020, Hyundai Wia has received contract of worth USD 594 million for cv joints from global automakers based in North America, and Europe. Moreover, in 2019 the company received order from Chinese SUV manufacturer Great Wall Motor to supply auto parts.




Global Automotive Constant Velocity Joint Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Joint Type, Vehicle Type, Propulsion, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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



By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Automotive Constant Velocity Joint Market, by Region, 2019-2029 (USD Billion)
1.2.2. Automotive Constant Velocity Joint Market, by Joint Type, 2019-2029 (USD Billion)
1.2.3. Automotive Constant Velocity Joint Market, by Vehicle Type, 2019-2029 (USD Billion)
1.2.4. Automotive Constant Velocity Joint Market, by Propulsion, 2019-2029 (USD Billion)
1.2.5. Automotive Constant Velocity Joint Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Constant Velocity Joint Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Constant Velocity Joint Market Dynamics
3.1. Automotive Constant Velocity Joint Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing expansion of global automotive sector
3.1.1.2. Growing vehicle production in developing regions
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. Issues pertaining to installation of automotive cv joints
3.1.2.2. Volatile cost of raw materials
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for commercial vehicles across the industries
3.1.3.2. Rising popularity of electric & hybrid vehicles
Chapter 4. Global Automotive Constant Velocity Joint Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Automotive Constant Velocity Joint Market, by Joint Type
6.1. Market Snapshot
6.2. Global Automotive Constant Velocity Joint Market by Joint Type, Performance - Potential Analysis
6.3. Global Automotive Constant Velocity Joint Market Estimates & Forecasts by Joint Type 2019-2029 (USD Billion)
6.4. Automotive Constant Velocity Joint Market, Sub Segment Analysis
6.4.1. Fixed and Plunge Joints
6.4.2. Rzeppa Joints
6.4.3. Tripod Joints
6.4.4. Others
Chapter 7. Global Automotive Constant Velocity Joint Market, by Vehicle Type
7.1. Market Snapshot
7.2. Global Automotive Constant Velocity Joint Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Automotive Constant Velocity Joint Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
7.4. Automotive Constant Velocity Joint Market, Sub Segment Analysis
7.4.1. Passenger Car
7.4.2. Light Commercial Vehicle
7.4.3. Heavy Commercial Vehicle
Chapter 8. Global Automotive Constant Velocity Joint Market, by Propulsion
8.1. Market Snapshot
8.2. Global Automotive Constant Velocity Joint Market by Propulsion, Performance - Potential Analysis
8.3. Global Automotive Constant Velocity Joint Market Estimates & Forecasts by Propulsion 2019-2029 (USD Billion)
8.4. Automotive Constant Velocity Joint Market, Sub Segment Analysis
8.4.1. ICE
8.4.2. Electric and Hybrid
8.4.3. Others
Chapter 9. Global Automotive Constant Velocity Joint Market, by Distribution Channel
9.1. Market Snapshot
9.2. Global Automotive Constant Velocity Joint Market by Distribution Channel, Performance - Potential Analysis
9.3. Global Automotive Constant Velocity Joint Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
9.4. Automotive Constant Velocity Joint Market, Sub Segment Analysis
9.4.1. OEM
9.4.2. Aftermarket
Chapter 10. Global Automotive Constant Velocity Joint Market, Regional Analysis
10.1. Automotive Constant Velocity Joint Market, Regional Market Snapshot
10.2. North America Automotive Constant Velocity Joint Market
10.2.1. U.S. Automotive Constant Velocity Joint Market
10.2.1.1. Joint Type breakdown estimates & forecasts, 2019-2029
10.2.1.2. Vehicle Type breakdown estimates & forecasts, 2019-2029
10.2.1.3. Propulsion breakdown estimates & forecasts, 2019-2029
10.2.1.4. Distribution Channel breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Automotive Constant Velocity Joint Market
10.3. Europe Automotive Constant Velocity Joint Market Snapshot
10.3.1. U.K. Automotive Constant Velocity Joint Market
10.3.2. Germany Automotive Constant Velocity Joint Market
10.3.3. France Automotive Constant Velocity Joint Market
10.3.4. Spain Automotive Constant Velocity Joint Market
10.3.5. Italy Automotive Constant Velocity Joint Market
10.3.6. Rest of Europe Automotive Constant Velocity Joint Market
10.4. Asia-Pacific Automotive Constant Velocity Joint Market Snapshot
10.4.1. China Automotive Constant Velocity Joint Market
10.4.2. India Automotive Constant Velocity Joint Market
10.4.3. Japan Automotive Constant Velocity Joint Market
10.4.4. Australia Automotive Constant Velocity Joint Market
10.4.5. South Korea Automotive Constant Velocity Joint Market
10.4.6. Rest of Asia Pacific Automotive Constant Velocity Joint Market
10.5. Latin America Automotive Constant Velocity Joint Market Snapshot
10.5.1. Brazil Automotive Constant Velocity Joint Market
10.5.2. Mexico Automotive Constant Velocity Joint Market
10.5.3. Rest of Latin America Automotive Constant Velocity Joint Market
10.6. Rest of The World Automotive Constant Velocity Joint Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. GKN Limited
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. American Axle Manufacturing Holdings Inc.
11.2.3. Hyundai WIA Corporation
11.2.4. IFA Rotorion
11.2.5. Nanyang Automobile & Cycle Group
11.2.6. Neapco Holdings LLC
11.2.7. Nexteer Automotive NA
11.2.8. NKN Co. Ltd.
11.2.9. NTN Corporation
11.2.10. Shandong Huifeng Auto Fittings Co
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption