PUBLISHER: Allied Market Research | PRODUCT CODE: 1179799
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179799
The automotive constant velocity joint or CV joint is a component mounted on drive shaft of the vehicle which is used to transfer power to the wheels from transmission. The constant velocity joint also makes sure the power is transmitted at a consistent speed of rotation without much friction. CV joints are part of all the front-wheel drive vehicles. Moreover, in newer rear-wheel drive vehicles with a separate rear suspension, CV joints are present on the half-shafts' of rear axles.
The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for fuel efficient vehicles is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes which is anticipated to propel the demand for automotive constant velocity joint up to a great degree during the forecast period.
The automotive constant velocity joint market is segmented basis of joint type, vehicle type, propulsion, distribution channel, and region. On the basis of joint type, it is divided into fixed & plunge joints, Rzeppa joints, tripod joints, and others. By vehicle type, it is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. By propulsion, it is divided into ICE, electric & hybrid, and others. By distribution channel, it is divided into OEM, and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are American Axle & Manufacturing, Inc., GKN Automotive Limited, GSP Automotive Group Wenzhou Co. Ltd., Hyundai WIA Corporation, IFA Group, Nanyang Automobile & Cycle Group, Neapco Holdings LLC, Nexteer Automotive, NKN LTD, NTN Corporation, Shandong Carfree Auto Fittings CO., LTD, SKF, Taizhou Hongli Automobile Parts Co., Ltd., Wanxiang Qianchao Co. Ltd., and Zhejiang ODM Transmission Technology Co., Ltd.
Key Benefits For Stakeholders
By Joint type
By Distribution Channel
By Vehicle Type
By Propulsion
By Region