NEW YORK, May 22, 2023 /PRNewswire/ — The automotive constant velocity joint market size is set to grow by 134.36 million units between 2022 and 2027 and register a CAGR of over 5.12%, according to Technavio’s latest market research report. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, AIKOKU ALPHA, American Axle and Manufacturing Holdings Inc., Comer Industries Spa, Comline Auto Parts Ltd., Dana Inc., ECO SHAFT (M) SDN BHD, GKN Automotive Ltd., GSP Automotive Group Wenzhou Co. Ltd., Hartford Technologies Inc., Hyundai Motor Group, IFA Holding GmbH, JTEKT Corp., Melrose Industries Plc, Meritor Inc., Nexteer Automotive Group Ltd., NTN Corp., Nuova Tecnodelta Spa, Taizhou Heri Auto Parts Co. Ltd., and United Components Inc. are some of the major market participants. The growing demand for SUVs and pickup trucks, the increasing focus on fuel efficiency, the growing investments in R and D by market players will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Automotive Constant Velocity Joint Market 2023-2027: Segmentation
- Application
- Passenger Cars: The automotive CVJ market share growth by the passenger cars segment will be significant during the forecast period. The demand for passenger cars is growing due to the rapidly rising rate of urbanization and increasing disposable income.
- Commercial Vehicles
- End-user
- OEMs
- Aftermarket
- Geography
- APAC: APAC is estimated to contribute 75% to the growth of the global automotive CVJ market during the forecast period.
- Europe
- North America
- South America
- Middle East And Africa
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Automotive Constant Velocity Joint Market 2023-2027: Vendor Analysis and Scope
To help businesses improve their market position, the automotive constant velocity joint market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include AB SKF, AIKOKU ALPHA, American Axle and Manufacturing Holdings Inc., Comer Industries Spa, Comline Auto Parts Ltd., Dana Inc., ECO SHAFT (M) SDN BHD, GKN Automotive Ltd., GSP Automotive Group Wenzhou Co. Ltd., Hartford Technologies Inc., Hyundai Motor Group, IFA Holding GmbH, JTEKT Corp., Melrose Industries Plc, Meritor Inc., Nexteer Automotive Group Ltd., NTN Corp., Nuova Tecnodelta Spa, Taizhou Heri Auto Parts Co. Ltd., and United Components Inc.
The report also covers the following areas:
Market Driver
- Growing demand for SUVs and pickup trucks
- Increasing focus on fuel efficiency
- Growing investments in R and D by market players
Market Trend
- Advancements in design
- Advances in autonomous vehicles
- Focus on decrease in size of CV joint boots
Market Challenges
- High repair and replacement costs of CV joints
- Growing preference for public transport to reduce greenhouse gas emissions
- Increase in on-demand online taxi providers in China
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Automotive Constant Velocity Joint Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist automotive constant velocity joint market growth during the next five years
- Estimation of the automotive constant velocity joint market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive constant velocity joint market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive constant velocity joint market vendors
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Automotive Constant Velocity Joint Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.12% |
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Market growth 2023-2027 |
134.36 million units |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.56 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 75% |
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Key countries |
US, China, Japan, India, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB SKF, AIKOKU ALPHA, American Axle and Manufacturing Holdings Inc., Comer Industries Spa, Comline Auto Parts Ltd., Dana Inc., ECO SHAFT (M) SDN BHD, GKN Automotive Ltd., GSP Automotive Group Wenzhou Co. Ltd., Hartford Technologies Inc., Hyundai Motor Group, IFA Holding GmbH, JTEKT Corp., Melrose Industries Plc, Meritor Inc., Nexteer Automotive Group Ltd., NTN Corp., Nuova Tecnodelta Spa, Taizhou Heri Auto Parts Co. Ltd., and United Components Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (million units)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (million units)
- Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global automotive constant velocity joint market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global automotive constant velocity joint market 2017 – 2021 (million units)
- 4.2 Application Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (million units)
- 4.3 End-user Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (million units)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (million units)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (million units)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Passenger cars – Market size and forecast 2022-2027
- Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 (million units)
- Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 (million units)
- Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
- 6.4 Commercial vehicles – Market size and forecast 2022-2027
- Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 (million units)
- Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 (million units)
- Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application (million units)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
- Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 45: Chart on Comparison by End-user
- Exhibit 46: Data Table on Comparison by End-user
- 7.3 OEMs – Market size and forecast 2022-2027
- Exhibit 47: Chart on OEMs – Market size and forecast 2022-2027 (million units)
- Exhibit 48: Data Table on OEMs – Market size and forecast 2022-2027 (million units)
- Exhibit 49: Chart on OEMs – Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on OEMs – Year-over-year growth 2022-2027 (%)
- 7.4 Aftermarket – Market size and forecast 2022-2027
- Exhibit 51: Chart on Aftermarket – Market size and forecast 2022-2027 (million units)
- Exhibit 52: Data Table on Aftermarket – Market size and forecast 2022-2027 (million units)
- Exhibit 53: Chart on Aftermarket – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Aftermarket – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user (million units)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison
- 9.3 APAC – Market size and forecast 2022-2027
- Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 (million units)
- Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 (million units)
- Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 (million units)
- Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 (million units)
- Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 North America – Market size and forecast 2022-2027
- Exhibit 69: Chart on North America – Market size and forecast 2022-2027 (million units)
- Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 (million units)
- Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.6 South America – Market size and forecast 2022-2027
- Exhibit 73: Chart on South America – Market size and forecast 2022-2027 (million units)
- Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 (million units)
- Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 (million units)
- Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (million units)
- Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.8 China – Market size and forecast 2022-2027
- Exhibit 81: Chart on China – Market size and forecast 2022-2027 (million units)
- Exhibit 82: Data Table on China – Market size and forecast 2022-2027 (million units)
- Exhibit 83: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.9 US – Market size and forecast 2022-2027
- Exhibit 85: Chart on US – Market size and forecast 2022-2027 (million units)
- Exhibit 86: Data Table on US – Market size and forecast 2022-2027 (million units)
- Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.10 Japan – Market size and forecast 2022-2027
- Exhibit 89: Chart on Japan – Market size and forecast 2022-2027 (million units)
- Exhibit 90: Data Table on Japan – Market size and forecast 2022-2027 (million units)
- Exhibit 91: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.11 India – Market size and forecast 2022-2027
- Exhibit 93: Chart on India – Market size and forecast 2022-2027 (million units)
- Exhibit 94: Data Table on India – Market size and forecast 2022-2027 (million units)
- Exhibit 95: Chart on India – Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on India – Year-over-year growth 2022-2027 (%)
- 9.12 South Korea – Market size and forecast 2022-2027
- Exhibit 97: Chart on South Korea – Market size and forecast 2022-2027 (million units)
- Exhibit 98: Data Table on South Korea – Market size and forecast 2022-2027 (million units)
- Exhibit 99: Chart on South Korea – Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on South Korea – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 101: Market opportunity by geography (million units)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 AB SKF
- Exhibit 108: AB SKF – Overview
- Exhibit 109: AB SKF – Business segments
- Exhibit 110: AB SKF – Key news
- Exhibit 111: AB SKF – Key offerings
- Exhibit 112: AB SKF – Segment focus
- 12.4 AIKOKU ALPHA
- Exhibit 113: AIKOKU ALPHA – Overview
- Exhibit 114: AIKOKU ALPHA – Product / Service
- Exhibit 115: AIKOKU ALPHA – Key offerings
- 12.5 American Axle and Manufacturing Holdings Inc.
- Exhibit 116: American Axle and Manufacturing Holdings Inc. – Overview
- Exhibit 117: American Axle and Manufacturing Holdings Inc. – Business segments
- Exhibit 118: American Axle and Manufacturing Holdings Inc. – Key offerings
- Exhibit 119: American Axle and Manufacturing Holdings Inc. – Segment focus
- 12.6 Comer Industries Spa
- Exhibit 120: Comer Industries Spa – Overview
- Exhibit 121: Comer Industries Spa – Product / Service
- Exhibit 122: Comer Industries Spa – Key offerings
- 12.7 Comline Auto Parts Ltd.
- Exhibit 123: Comline Auto Parts Ltd. – Overview
- Exhibit 124: Comline Auto Parts Ltd. – Product / Service
- Exhibit 125: Comline Auto Parts Ltd. – Key offerings
- 12.8 Dana Inc.
- Exhibit 126: Dana Inc. – Overview
- Exhibit 127: Dana Inc. – Business segments
- Exhibit 128: Dana Inc. – Key news
- Exhibit 129: Dana Inc. – Key offerings
- Exhibit 130: Dana Inc. – Segment focus
- 12.9 ECO SHAFT (M) SDN BHD
- Exhibit 131: ECO SHAFT (M) SDN BHD – Overview
- Exhibit 132: ECO SHAFT (M) SDN BHD – Product / Service
- Exhibit 133: ECO SHAFT (M) SDN BHD – Key offerings
- 12.10 GKN Automotive Ltd.
- Exhibit 134: GKN Automotive Ltd. – Overview
- Exhibit 135: GKN Automotive Ltd. – Product / Service
- Exhibit 136: GKN Automotive Ltd. – Key offerings
- 12.11 Hartford Technologies Inc.
- Exhibit 137: Hartford Technologies Inc. – Overview
- Exhibit 138: Hartford Technologies Inc. – Product / Service
- Exhibit 139: Hartford Technologies Inc. – Key offerings
- 12.12 IFA Holding GmbH
- Exhibit 140: IFA Holding GmbH – Overview
- Exhibit 141: IFA Holding GmbH – Key offerings
- 12.13 Melrose Industries Plc
- Exhibit 142: Melrose Industries Plc – Overview
- Exhibit 143: Melrose Industries Plc – Business segments
- Exhibit 144: Melrose Industries Plc – Key offerings
- Exhibit 145: Melrose Industries Plc – Segment focus
- 12.14 Nexteer Automotive Group Ltd.
- Exhibit 146: Nexteer Automotive Group Ltd. – Overview
- Exhibit 147: Nexteer Automotive Group Ltd. – Business segments
- Exhibit 148: Nexteer Automotive Group Ltd. – Key news
- Exhibit 149: Nexteer Automotive Group Ltd. – Key offerings
- Exhibit 150: Nexteer Automotive Group Ltd. – Segment focus
- 12.15 NTN Corp.
- Exhibit 151: NTN Corp. – Overview
- Exhibit 152: NTN Corp. – Business segments
- Exhibit 153: NTN Corp. – Key offerings
- Exhibit 154: NTN Corp. – Segment focus
- 12.16 Nuova Tecnodelta Spa
- Exhibit 155: Nuova Tecnodelta Spa – Overview
- Exhibit 156: Nuova Tecnodelta Spa – Product / Service
- Exhibit 157: Nuova Tecnodelta Spa – Key offerings
- 12.17 Taizhou Heri Auto Parts Co. Ltd.
- Exhibit 158: Taizhou Heri Auto Parts Co. Ltd. – Overview
- Exhibit 159: Taizhou Heri Auto Parts Co. Ltd. – Product / Service
- Exhibit 160: Taizhou Heri Auto Parts Co. Ltd. – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 161: Inclusions checklist
- Exhibit 162: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 163: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 164: Research methodology
- Exhibit 165: Validation techniques employed for market sizing
- Exhibit 166: Information sources
- 13.5 List of abbreviations
- Exhibit 167: List of abbreviations
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