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Market Research Report

Automotive Constant Velocity Joint Market by Application and Geography - Forecast and Analysis 2020-2024

Published by TechNavio (Infiniti Research Ltd.) Product code 657654
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Automotive Constant Velocity Joint Market by Application and Geography - Forecast and Analysis 2020-2024
Published: November 5, 2019 Content info: 141 Pages
Description

About this market

Technavio's automotive constant velocity (CV) joint market analysis considers sales from both passenger cars and commercial vehicle applications. Our report also provides a detailed analysis of the market in APAC, Europe, MEA, North America, and South America. In 2019, the passenger car segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as a shift in consumer preference toward four-wheel-drive SUVs will play a significant role in the passenger car segment to maintain its market position. Also, our global automotive constant velocity (CV) joint market report looks at factors such as increase in passenger vehicle sales globally, increasing demand for fuel efficiency in vehicles, and rising preference for pickup trucks in emerging countries. However, high repair and replacement costs, growing preference for public transport to reduce greenhouse gas emissions, and increase in on-demand online taxi providers in China may hamper the growth of the automotive constant velocity (CV) joint industry over the forecast period.

Overview

Increasing demand for fuel efficiency in vehicles

Constant velocity joints minimize power transmission losses and friction, thereby easing the operations in a wheel, which improves the fuel efficiency of vehicles. This has led the vendors to focus on increasing R&D of automotive products, which enables the development of new materials, manufacturing processes, and designs that reduce the weight of CV joints. The use of such innovative CV joints in automobiles will considerably enhance the fuel efficiency of vehicles. This demand for fuel efficiency in vehicles will lead to the expansion of the global automotive constant velocity (CV) joint market at a CAGR of over 4% during the forecast period.

Focus on size and light-weighting of CV joints

The heavyweight of CV joints results in the high fuel consumption and harmful gas emission of vehicles. Hence, OEMs are increasingly focusing on the use of lightweight materials and design for manufacturing CV joints that will improve the driving dynamics and reduce fuel consumption and weight of the chassis by 15%. Several manufacturers are also trying to reduce the size of CV joints by designing them in different shapes. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global automotive constant velocity (CV) joint market during the forecast period 2020-2024, view our report.

Competitive Landscape

With the presence of several major players, the global automotive constant velocity (CV) joint market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive constant velocity (CV) joint manufacturers, that include AB SKF, American Axle & Manufacturing Inc., Dana Inc., Guangzhou Hongzhou Auto Parts Co. Ltd., Melrose Industries Plc, Meritor Inc., Neapco Holdings LLC, Nexteer Automotive Corp., and Zhejiang ODM Transmission Technology Co. Ltd.

Also, the automotive constant velocity (CV) joint market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR40010

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Passenger cars - Market size and forecast 2019-2024
  • Commercial vehicles - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Advancements in design
  • Focus on size and lightweighting of CV joints
  • Focus on decrease in size of CV joint boots

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AB SKF
  • American Axle & Manufacturing Inc.
  • Dana Inc.
  • Guangzhou Hongzhou Auto Parts Co. Ltd.
  • Melrose Industries Plc
  • Meritor Inc.
  • Neapco Holdings LLC
  • Nexteer Automotive Corp.
  • Zhejiang ODM Transmission Technology Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

LIST OF EXHIBITS:

  • Exhibit 01: Global automotive components and accessories market
  • Exhibit 02: Segments of global automotive components and accessories market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Market size 2019
  • Exhibit 07: Global market: Size and forecast 2019-2024 (million units)
  • Exhibit 08: Global market: Year-over-year growth 2020-2024 (%)
  • Exhibit 09: Global market: Size and forecast 2019-2024 ($ million)
  • Exhibit 10: Global market: Year-over-year growth 2019-2024 (%)
  • Exhibit 11: Five forces analysis 2019
  • Exhibit 12: Five forces analysis 2024
  • Exhibit 13: Bargaining power of buyers
  • Exhibit 14: Bargaining power of suppliers
  • Exhibit 15: Threat of new entrants
  • Exhibit 16: Threat of substitutes
  • Exhibit 17: Threat of rivalry
  • Exhibit 18: Market condition - Five forces 2019
  • Exhibit 19: Application - Market share 2019-2024 (%)
  • Exhibit 20: Comparison by application
  • Exhibit 21: Passenger cars - Market size and forecast 2019-2024 (million units)
  • Exhibit 22: Passenger cars - Year-over-year growth 2020-2024 (%)
  • Exhibit 23: Commercial vehicles - Market size and forecast 2019-2024 (million units)
  • Exhibit 24: Commercial vehicles - Year-over-year growth 2020-2024 (%)
  • Exhibit 25: Market opportunity by application
  • Exhibit 26: Customer landscape
  • Exhibit 27: Market share by geography 2019-2024 (%)
  • Exhibit 28: Geographic comparison
  • Exhibit 29: APAC - Market size and forecast 2019-2024 (million units)
  • Exhibit 30: APAC - Year-over-year growth 2020-2024 (%)
  • Exhibit 31: Europe - Market size and forecast 2019-2024 (million units)
  • Exhibit 32: Europe - Year-over-year growth 2020-2024 (%)
  • Exhibit 33: North America - Market size and forecast 2019-2024 (million units)
  • Exhibit 34: North America - Year-over-year growth 2020-2024 (%)
  • Exhibit 35: South America - Market size and forecast 2019-2024 (million units)
  • Exhibit 36: South America - Year-over-year growth 2020-2024 (%)
  • Exhibit 37: MEA - Market size and forecast 2019-2024 (million units)
  • Exhibit 38: MEA - Year-over-year growth 2020-2024 (%)
  • Exhibit 39: Key leading countries
  • Exhibit 40: Market opportunity
  • Exhibit 41: Replacement cost of CV joint
  • Exhibit 42: Impact of drivers and challenges
  • Exhibit 43: Vendor landscape
  • Exhibit 44: Landscape disruption
  • Exhibit 45: Vendors covered
  • Exhibit 46: Vendor classification
  • Exhibit 47: Market positioning of vendors
  • Exhibit 48: AB SKF - Vendor overview
  • Exhibit 49: AB SKF - Business segments
  • Exhibit 50: AB SKF - Organizational developments
  • Exhibit 51: AB SKF - Geographic focus
  • Exhibit 52: AB SKF - Segment focus
  • Exhibit 53: AB SKF - Key offerings
  • Exhibit 54: American Axle & Manufacturing Inc. - Vendor overview
  • Exhibit 55: American Axle & Manufacturing Inc. - Business segments
  • Exhibit 56: American Axle & Manufacturing Inc. - Organizational developments
  • Exhibit 57: American Axle & Manufacturing Inc. - Geographic focus
  • Exhibit 58: American Axle & Manufacturing Inc. - Segment focus
  • Exhibit 59: American Axle & Manufacturing Inc. - Key offerings
  • Exhibit 60: Dana Inc. - Vendor overview
  • Exhibit 61: Dana Inc. - Business segments
  • Exhibit 62: Dana Inc. - Organizational developments
  • Exhibit 63: Dana Inc. - Geographic focus
  • Exhibit 64: Dana Inc. - Segment focus
  • Exhibit 65: Dana Inc. - Key offerings
  • Exhibit 66: Guangzhou Hongzhou Auto Parts Co. Ltd. - Vendor overview
  • Exhibit 67: Guangzhou Hongzhou Auto Parts Co. Ltd. - Business segments
  • Exhibit 68: Guangzhou Hongzhou Auto Parts Co. Ltd. - Key offerings
  • Exhibit 69: Melrose Industries Plc - Vendor overview
  • Exhibit 70: Melrose Industries Plc - Business segments
  • Exhibit 71: Melrose Industries Plc - Organizational developments
  • Exhibit 72: Melrose Industries Plc - Geographic focus
  • Exhibit 73: Melrose Industries Plc - Segment focus
  • Exhibit 74: Melrose Industries Plc - Key offerings
  • Exhibit 75: Meritor Inc. - Vendor overview
  • Exhibit 76: Meritor Inc. - Business segments
  • Exhibit 77: Meritor Inc. - Organizational developments
  • Exhibit 78: Meritor Inc. - Geographic focus
  • Exhibit 79: Meritor Inc. - Segment focus
  • Exhibit 80: Neapco Holdings LLC - Vendor overview
  • Exhibit 81: Neapco Holdings LLC - Business segments
  • Exhibit 82: Neapco Holdings LLC - Organizational developments
  • Exhibit 83: Neapco Holdings LLC - Key offerings
  • Exhibit 84: Nexteer Automotive Corp. - Vendor overview
  • Exhibit 85: Nexteer Automotive Corp. - Product segments
  • Exhibit 86: Nexteer Automotive Corp. - Organizational developments
  • Exhibit 87: Nexteer Automotive Corp. - Geographic focus
  • Exhibit 88: Nexteer Automotive Corp. - Segment focus
  • Exhibit 89: Nexteer Automotive Corp. - Key offerings
  • Exhibit 90: Zhejiang ODM Transmission Technology Co. Ltd. - Vendor overview
  • Exhibit 91: Zhejiang ODM Transmission Technology Co. Ltd. - Product segments
  • Exhibit 92: Zhejiang ODM Transmission Technology Co. Ltd. - Key offerings
  • Exhibit 93: Validation techniques employed for market sizing
  • Exhibit 94: Definition of market positioning of vendors
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