Automotive Constant Velocity Joint Market Forecasts a 5.2% Surge,...

Automotive Constant Velocity Joint Market Forecasts a 5.2% Surge, Targeting Nearly USD 4.52 Billion by 2029

Posted 2024-01-18 10:37:56

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Automotive Constant Velocity Joint Market Scope and Research Methodology

The Maximize Market Research's report on the Automotive Constant Velocity Joint Market offers a comprehensive analysis of the global market landscape, covering the period from 2023 to 2029, with 2023 as the base year and 2018 to 2023 as the historical period. This study aims to provide readers with valuable insights to facilitate key business decisions, drawing from a wealth of information gathered throughout the research process.

The analysis of the Automotive Constant Velocity Joint industry is grounded in a meticulous examination of the market, leveraging both secondary and primary sources. To determine market volume, a country-by-country model is employed, mapping the landscape of Automotive Constant Velocity Joint through the use of internal and external proprietary information, alongside pertinent patent and regulatory sources. The competitive dynamics of the Automotive Constant Velocity Joint market are explored by scrutinizing various factors influencing the market at both micro and granular levels. Researchers in the Automotive Constant Velocity Joint sector make predictions and projections, formulating market forecasts through a comprehensive review of historical data, current trends, and significant company announcements.

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Automotive Constant Velocity Joint Market Drivers:

The automotive constant velocity joint aids in transmitting torque to the front wheels without increased friction at a constant speed. Constant velocity joints are usually surrounded by rubber that has been greased to reduce wear and tear. As a result, it is an important material for vehicles, whose demand is increasing as passenger car demand grows. Vehicles are used in many industries like logistics, construction, commercial passenger cars, and personal commutation.

Automotive Constant Velocity Joint Industry Segments Covered:

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.

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. The CV joint gets its name from its capacity to move with the passenger car's suspension in any direction while maintaining the constant velocity of the driving wheels.

by Joint Type

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

by Vehicle Type

• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

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Automotive Constant Velocity Joint Market Major 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

Automotive Constant Velocity Joint Market by Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Key Questions Answered in the Automotive Constant Velocity Joint Market Report are:

What is the timeframe covered in the market analysis?
What sources were utilized in conducting the research?
How is the market volume determined?
What factors contribute to the competitive environment in the Automotive Constant Velocity Joint market?
How are predictions and projections generated in the Automotive Constant Velocity Joint sector?

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