Global CV Axle Joint Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global CV Axle Joint market size was valued at US$ 6017 million in 2024 and is forecast to a readjusted size of USD 7327 million by 2031 with a CAGR of 2.6% during review period.
CV axle 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 is a detailed and comprehensive analysis for global CV Axle Joint market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global CV Axle Joint market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for CV Axle Joint
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global CV Axle Joint market based on the following parameters - company overview, sales quantity, revenue, 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.
Market Segmentation
CV Axle Joint market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Outboard Joints
Inboard Joints
Market segment by Application
OEM
Aftermarket
Major players covered
GKN
NTN
SDS
Nexteer
Korea Movenex
Hyundai WIA
Wanxiang
GSP Automotive Group
Neapco
JTEKT
SKF
IFA Group
Xiangyang Automobile Bearing
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe CV Axle Joint product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of CV Axle Joint, with price, sales quantity, revenue, and global market share of CV Axle Joint from 2020 to 2025.
Chapter 3, the CV Axle Joint competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the CV Axle Joint breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and CV Axle Joint market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of CV Axle Joint.
Chapter 14 and 15, to describe CV Axle Joint sales channel, distributors, customers, research findings and conclusion.
CV axle 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 is a detailed and comprehensive analysis for global CV Axle Joint market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global CV Axle Joint market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global CV Axle Joint market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for CV Axle Joint
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global CV Axle Joint market based on the following parameters - company overview, sales quantity, revenue, 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.
Market Segmentation
CV Axle Joint market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Outboard Joints
Inboard Joints
Market segment by Application
OEM
Aftermarket
Major players covered
GKN
NTN
SDS
Nexteer
Korea Movenex
Hyundai WIA
Wanxiang
GSP Automotive Group
Neapco
JTEKT
SKF
IFA Group
Xiangyang Automobile Bearing
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe CV Axle Joint product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of CV Axle Joint, with price, sales quantity, revenue, and global market share of CV Axle Joint from 2020 to 2025.
Chapter 3, the CV Axle Joint competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the CV Axle Joint breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and CV Axle Joint market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of CV Axle Joint.
Chapter 14 and 15, to describe CV Axle Joint sales channel, distributors, customers, research findings and conclusion.
Table of Contents
112 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: CV Axle Joint by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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