Global Automotive Constant Velocity Joint Supply, Demand and Key Producers, 2026-2032
Description
The global Automotive Constant Velocity Joint market size is expected to reach $ 7501 million by 2032, rising at a market growth of 2.6% CAGR during the forecast period (2026-2032).
Constant velocity joints (CV joints) allow a drive shaft to transmit power through a variable angle, at constant rotational speed, without an appreciable increase in friction or play. All front-wheel drive cars have Constant Velocity joints or CV joints on both ends of the drive shafts (half shafts). Inner CV joints connect the drive shafts to the transmission, while the outer CV joints connect the drive shafts to the wheels. Many rear-wheel drive and four-wheel drive cars as well as trucks also have CV joints. Constant velocity universal joint is also called half shaft constant velocity joint, side shaft constant velocity joint.
Recovery in Global Vehicle Production: After the disruptions caused by the COVID-19 pandemic, the automotive sector is witnessing significant recovery in vehicle production. Increased production directly correlates to a higher demand for critical components like CV joints, especially for internal combustion engine (ICE) and electric vehicles (EVs).
Rising Vehicle Sales in Emerging Markets: Emerging economies such as China, India, and Southeast Asia are seeing a growing middle class with higher purchasing power. This expanding consumer base leads to increased vehicle sales and, in turn, drives demand for CV joints in both OEM (Original Equipment Manufacturer) and aftermarket segments.
Shift to Electric Powertrains: The rise in demand for electric and hybrid vehicles is significantly affecting the CV joint market. Electric drivetrains, which often have higher torque demands compared to traditional internal combustion engines, require robust and efficient CV joints capable of withstanding these stresses.
Growth in Hybrid and All-Wheel-Drive (AWD) EVs: Many electric vehicle models, particularly those in the luxury and performance segments, come with AWD systems, requiring specialized CV joints to manage torque distribution effectively. The expansion of EVs, especially in markets like Europe and North America, will continue to drive CV joint demand.
Increasing Average Vehicle Age: In regions like North America and Europe, the average age of vehicles on the road is rising. Older vehicles require replacement parts, including CV joints, which drives the growth of the aftermarket segment. This trend is compounded by increasing vehicle repair and maintenance costs, with consumers opting to repair older vehicles rather than buy new ones.
Do-It-Yourself (DIY) Culture: The rise of online platforms for vehicle parts has empowered DIY mechanics and small repair shops, contributing to growth in the aftermarket. As consumers increasingly rely on e-commerce to purchase auto parts, the aftermarket for CV joints has seen significant expansion, particularly in developed markets.
Expansion of Auto Parts Distribution Networks: A growing number of online platforms and retail stores are providing easy access to auto parts, including CV joints. The increased availability of aftermarket parts boosts overall demand.
This report studies the global Automotive Constant Velocity Joint production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Automotive Constant Velocity Joint and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Automotive Constant Velocity Joint that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Automotive Constant Velocity Joint total production and demand, 2021-2032, (K Units)
Global Automotive Constant Velocity Joint total production value, 2021-2032, (USD Million)
Global Automotive Constant Velocity Joint production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Automotive Constant Velocity Joint consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Automotive Constant Velocity Joint domestic production, consumption, key domestic manufacturers and share
Global Automotive Constant Velocity Joint production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Automotive Constant Velocity Joint production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Automotive Constant Velocity Joint production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Automotive Constant Velocity Joint market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GKN, NTN, SDS, Nexteer, Korea Movenex, Hyundai WIA, Wanxiang, GSP Automotive Group, Neapco, JTEKT, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Automotive Constant Velocity Joint market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Automotive Constant Velocity Joint Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Automotive Constant Velocity Joint Market, Segmentation by Type:
Outboard Joints
Inboard Joints
Global Automotive Constant Velocity Joint Market, Segmentation by Application:
OEM
Aftermarket
Companies Profiled:
GKN
NTN
SDS
Nexteer
Korea Movenex
Hyundai WIA
Wanxiang
GSP Automotive Group
Neapco
JTEKT
SKF
IFA Group
Xiangyang Automobile Bearing
Key Questions Answered:
1. How big is the global Automotive Constant Velocity Joint market?
2. What is the demand of the global Automotive Constant Velocity Joint market?
3. What is the year over year growth of the global Automotive Constant Velocity Joint market?
4. What is the production and production value of the global Automotive Constant Velocity Joint market?
5. Who are the key producers in the global Automotive Constant Velocity Joint market?
6. What are the growth factors driving the market demand?
Constant velocity joints (CV joints) allow a drive shaft to transmit power through a variable angle, at constant rotational speed, without an appreciable increase in friction or play. All front-wheel drive cars have Constant Velocity joints or CV joints on both ends of the drive shafts (half shafts). Inner CV joints connect the drive shafts to the transmission, while the outer CV joints connect the drive shafts to the wheels. Many rear-wheel drive and four-wheel drive cars as well as trucks also have CV joints. Constant velocity universal joint is also called half shaft constant velocity joint, side shaft constant velocity joint.
Recovery in Global Vehicle Production: After the disruptions caused by the COVID-19 pandemic, the automotive sector is witnessing significant recovery in vehicle production. Increased production directly correlates to a higher demand for critical components like CV joints, especially for internal combustion engine (ICE) and electric vehicles (EVs).
Rising Vehicle Sales in Emerging Markets: Emerging economies such as China, India, and Southeast Asia are seeing a growing middle class with higher purchasing power. This expanding consumer base leads to increased vehicle sales and, in turn, drives demand for CV joints in both OEM (Original Equipment Manufacturer) and aftermarket segments.
Shift to Electric Powertrains: The rise in demand for electric and hybrid vehicles is significantly affecting the CV joint market. Electric drivetrains, which often have higher torque demands compared to traditional internal combustion engines, require robust and efficient CV joints capable of withstanding these stresses.
Growth in Hybrid and All-Wheel-Drive (AWD) EVs: Many electric vehicle models, particularly those in the luxury and performance segments, come with AWD systems, requiring specialized CV joints to manage torque distribution effectively. The expansion of EVs, especially in markets like Europe and North America, will continue to drive CV joint demand.
Increasing Average Vehicle Age: In regions like North America and Europe, the average age of vehicles on the road is rising. Older vehicles require replacement parts, including CV joints, which drives the growth of the aftermarket segment. This trend is compounded by increasing vehicle repair and maintenance costs, with consumers opting to repair older vehicles rather than buy new ones.
Do-It-Yourself (DIY) Culture: The rise of online platforms for vehicle parts has empowered DIY mechanics and small repair shops, contributing to growth in the aftermarket. As consumers increasingly rely on e-commerce to purchase auto parts, the aftermarket for CV joints has seen significant expansion, particularly in developed markets.
Expansion of Auto Parts Distribution Networks: A growing number of online platforms and retail stores are providing easy access to auto parts, including CV joints. The increased availability of aftermarket parts boosts overall demand.
This report studies the global Automotive Constant Velocity Joint production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Automotive Constant Velocity Joint and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Automotive Constant Velocity Joint that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Automotive Constant Velocity Joint total production and demand, 2021-2032, (K Units)
Global Automotive Constant Velocity Joint total production value, 2021-2032, (USD Million)
Global Automotive Constant Velocity Joint production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Automotive Constant Velocity Joint consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Automotive Constant Velocity Joint domestic production, consumption, key domestic manufacturers and share
Global Automotive Constant Velocity Joint production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Automotive Constant Velocity Joint production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Automotive Constant Velocity Joint production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Automotive Constant Velocity Joint market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GKN, NTN, SDS, Nexteer, Korea Movenex, Hyundai WIA, Wanxiang, GSP Automotive Group, Neapco, JTEKT, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Automotive Constant Velocity Joint market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Automotive Constant Velocity Joint Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Automotive Constant Velocity Joint Market, Segmentation by Type:
Outboard Joints
Inboard Joints
Global Automotive Constant Velocity Joint Market, Segmentation by Application:
OEM
Aftermarket
Companies Profiled:
GKN
NTN
SDS
Nexteer
Korea Movenex
Hyundai WIA
Wanxiang
GSP Automotive Group
Neapco
JTEKT
SKF
IFA Group
Xiangyang Automobile Bearing
Key Questions Answered:
1. How big is the global Automotive Constant Velocity Joint market?
2. What is the demand of the global Automotive Constant Velocity Joint market?
3. What is the year over year growth of the global Automotive Constant Velocity Joint market?
4. What is the production and production value of the global Automotive Constant Velocity Joint market?
5. Who are the key producers in the global Automotive Constant Velocity Joint market?
6. What are the growth factors driving the market demand?
Table of Contents
129 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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