Global Constant Velocity Joint Market Outlook 2017-2022

Global constant velocity joint market is estimated to expand at a substantial CAGR of 7.68% by 2022, according to a new report published by Gen Consulting Company as the scope, product types, and its applications are increasing across the globe. Constant-velocity joints are also termed as “CV Joints” or “AKA Homokinetic”. They allow a drive shaft to transfer power through a flexible angle, at a constant rotational speed, without an appreciable increase in friction or play. 

Factors such as rapid increase in sales of passenger cars, SUV, hatchback, and sedans across the globe, rising demand for the heavy commercial vehicle, and increasing vehicle production are likely to drive the market in the forthcoming period. On the other hand, rising preference for public transport to decrease greenhouse gas emissions and high prices of the half shafts are anticipated to hinder the market growth in the future. However, technological advancements are likely to create lucrative opportunities for the market.   

Constant velocity joint market is segmented by type, vehicle type, application, and geography. The market is segmented based on type as Thomson Coupling, Rzeppa Joints, Tracta joints, Double Coupling, and Others. The market is segmented based on vehicle type as Passenger cars and Commercial vehicles. The market is segmented based on the application as Logistics, Commercial, Aviation, and Defense.

The constant velocity joint market is categorized based on geography into North America, Latin America, Japan, the Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as inventions in the North American region and awareness regarding the environmental safety will gain the region, the maximum market share. North America is followed by the European region owing to substantial growth in the manufacturing industry across the region.

Leading players operating in the constant velocity joint market include NTN, American Axle & Manufacturing, Dana, Meritor, and GKN. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for constant velocity joint (CVJ) will grow at a CAGR of 7.68% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (passenger cars, lcvs, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the constant velocity joint market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the constant velocity joint market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the constant velocity joint market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global constant velocity joint market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the passenger cars, lcvs, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global constant velocity joint market.

Key Applications
- Passenger Cars
- LCVs

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- AAM
- GKN
- Hyundai Wia
- NTN
- Wanxiang Qianchao
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global constant velocity joint market?
- What are the challenges to market growth?
- Who are the key players in the constant velocity joint market?
- What are the market opportunities and threats faced by the key players?