Automotive Constant Velocity Joint Market Gears Up for 5.2% Growth, Touching USD 4.52 Bn by 2029

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Automotive Constant Velocity Joint Market Gears Up for 5.2% Growth, Touching USD 4.52 Bn by 2029

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mahehs07 09 Jan 2024

The current demand for increased fuel efficiency and less vehicle weight, it is important to minimize the joint size and improve the efficiency of an automotive constant velocity joint to drive the market demand.

Automotive Constant Velocity Joint Market Overview

The report dives deep into the current and future landscape of the Automotive Constant Velocity Joint Market, offering a comprehensive analysis for investors and stakeholders. Covering key sectors and regions, it provides valuable insights into dominant and rapidly growing segments. The report delves into various aspects such as global demand, product manufacturing, revenue generation, and sales.

Automotive Constant Velocity Joint Market Report Scope and Research Methodology

This report is a go-to resource for anyone interested in the Automotive Constant Velocity Joint industry. It covers market size, share, trends, and forecasts, with a detailed analysis of drivers, restraints, opportunities, and challenges. The competitive landscape section is rich with information on key players, their partnerships, business growth, and acquisitions. Company profiles offer a closer look at their overviews, product benchmarks, insights, and SWOT analysis.

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A meticulous bottom-up approach was employed to estimate global and regional Automotive Constant Velocity Joint market sizes. Primary and secondary data were combined and analyzed rigorously. The report incorporates a PESTLE analysis to gauge the impact of macroeconomic and microeconomic factors, while Porter's five forces analysis explores growth opportunities for new market entrants.

Automotive Constant Velocity Joint Market Regional Insights

The research provides a thorough analysis of market size and dynamics across North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, South America, Brazil, and the Middle East and Africa.

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Automotive Constant Velocity Joint Market Segmentation:

Based on Type, The Automotive Constant Velocity Market is segmented into Rzeppa joints, Tripod Joints, Fixed and Plunge joints, and Others. Rzeppa joints are expected to dominate the market during the forecast period. The Rzeppa joint is the most well-known CV joint. This joint is used on both ends or one end of most streetcar driveshafts. These joints are made up of four parts: the outer race, (typically) six balls surrounded by a cage, and the inner race. The outer race is often integrated into the output shaft or flange, whereas the inner race has an internal spline and can be mounted to an axle or a shaft.

by Joint Type

• Rzeppa joints
• Tripod Joints
• Fixed and Plunge joint
• Other

by Vehicle Type

• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Based on the Application, based on segments passenger cars held the largest market share in 2021. Constant velocity (CV) joints connect the vehicle's transmission to the wheels. CV joints are part of the driveshaft and are most commonly seen in front-wheel drive automobiles, though they are also found in the rear- and four-wheel drive vehicles. Each driving wheel has two CV joints one connecting the transmission to the axle and one connecting the axle to the wheel.

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Automotive Constant Velocity Joint Market Key Players

• SDS
• Neapco
• Guansheng
• Seohan Group
• Heri Automotive
• American Axle & Manufacturing, Inc. (AAM)
• Dana Incorporated
• GKN plc
• GSP Automotive Group Wenzhou Co., Ltd. (GSP Group)
• Hyundai WIA Corporation
• IFA ROTORION - Holding GmbH
• JTEKT Corporation
• Nexteer Automotive Group Limited
• NTN Corporation
• Shandong Kaifurui Auto Parts Co., Ltd. (Shandong Huifeng Group)
• SKF AB
• Wanxiang Group Corporation
• Wonh Industries Co, Ltd.
• Xiangyang Automobile Bearing Co., Ltd.
• Zhejiang Feizhou Vehicle Industry Co., Ltd.

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