Constant-velocity joints are needed to transfer torque through variable angles at constant speed, which allow an up & down motion of the steering and spring deflection. Most of the front wheel drive vehicles use constant velocity joints to allow constant rotational speed. The advantage of using constant velocity joint is they provides the same output energy in relation to the input energy.
MARKET DYNAMICS
Rapid increase in sales of passenger cars, hatchback, SUV, and Sedans, across the globe, drive the growth of constant velocity joints. Rapidly growing construction industry, across the globe, drives the growth of global automotive constant velocity joints due to an increase in demand of heavy motor vehicle for carrying construction materials. Global transportation and logistics industry is growing due to the increasing logistics in the industry, which drives the global automotive constant vehicle joint market.
MARKET SCOPE
The "Global CV Joint Market Analysis to 2028"? is a specialized and in-depth study of the CV Joint Market with a special focus on the global market trend analysis. The report aims to provide an overview of CV Joint market with detailed market segmentation by joint type, and vehicle type. The global CV Joint market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CV Joint market player and offers key trends and opportunities in the CV Joint market.
MARKET SEGMENTATION
The global CV Joint market is segmented on the basis of joint type, and vehicle type. On the basis of joint type, market is segmented as Tracta joints, Rzeppa Joints, Double Coupling, Thomson Coupling. On the basis of vehicle type, market is segmented as Passenger Car, LCV, HCV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global CV Joint market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The CV Joint market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting CV Joint Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the CV Joint market in these regions.
MARKET PLAYERS
The reports cover key developments in the CV Joint market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from CV Joint market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV battery market. Below mentioned is the list of few companies engaged in the CV Joint market.
The report also includes the profiles of key CV Joint market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- American Axle and Manufacturing Holdings, Inc
- IFA Rotorion
- Melrose Industries PLC
- Nanyang Automobile and Cycle Group
- Nexteer Automotive
- NKN Co. Ltd
- NTN Corporation
- SKF
- Wanxiang Qianchao Co. Ltd.
- Zhejiang ODM Transmission Technology Co.,Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.