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

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

Global Automotive Constant Velocity Joint Market: 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.

Global Automotive Constant Velocity Joint Market: 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, click here.

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.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive components and accessories market
      • Table Segments of global automotive components and accessories market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 (million units)
      • Table Global market: Year-over-year growth 2020-2024 (%)
      • Table Global market: Size and forecast 2019-2024 ($ million)
      • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger cars - Market size and forecast 2019-2024
      • Table Passenger cars - Market size and forecast 2019-2024 (million units)
      • Table Passenger cars - Year-over-year growth 2020-2024 (%)
    • Commercial vehicles - Market size and forecast 2019-2024
      • Table Commercial vehicles - Market size and forecast 2019-2024 (million units)
      • Table Commercial vehicles - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (million units)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (million units)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (million units)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (million units)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (million units)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Replacement cost of CV joint
      • Table Impact of drivers and challenges
  • Market Trends
    • Advancements in design
    • Focus on size and lightweighting of CV joints
    • Focus on decrease in size of CV joint boots
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB SKF
      • Table AB SKF - Vendor overview
      • Table AB SKF - Business segments
      • Table AB SKF - Organizational developments
      • Table AB SKF - Geographic focus
      • Table AB SKF - Segment focus
      • Table AB SKF - Key offerings
    • American Axle & Manufacturing Inc.
      • Table American Axle & Manufacturing Inc. - Vendor overview
      • Table American Axle & Manufacturing Inc. - Business segments
      • Table American Axle & Manufacturing Inc. - Organizational developments
      • Table American Axle & Manufacturing Inc. - Geographic focus
      • Table American Axle & Manufacturing Inc. - Segment focus
      • Table American Axle & Manufacturing Inc. - Key offerings
    • Dana Inc.
      • Table Dana Inc. - Vendor overview
      • Table Dana Inc. - Business segments
      • Table Dana Inc. - Organizational developments
      • Table Dana Inc. - Geographic focus
      • Table Dana Inc. - Segment focus
      • Table Dana Inc. - Key offerings
    • Guangzhou Hongzhou Auto Parts Co. Ltd.
      • Table Guangzhou Hongzhou Auto Parts Co. Ltd. - Vendor overview
      • Table Guangzhou Hongzhou Auto Parts Co. Ltd. - Business segments
      • Table Guangzhou Hongzhou Auto Parts Co. Ltd. - Key offerings
    • Melrose Industries Plc
      • Table Melrose Industries Plc - Vendor overview
      • Table Melrose Industries Plc - Business segments
      • Table Melrose Industries Plc - Organizational developments
      • Table Melrose Industries Plc - Geographic focus
      • Table Melrose Industries Plc - Segment focus
      • Table Melrose Industries Plc - Key offerings
    • Meritor Inc.
      • Table Meritor Inc. - Vendor overview
      • Table Meritor Inc. - Business segments
      • Table Meritor Inc. - Organizational developments
      • Table Meritor Inc. - Geographic focus
      • Table Meritor Inc. - Segment focus
    • Neapco Holdings LLC
      • Table Neapco Holdings LLC - Vendor overview
      • Table Neapco Holdings LLC - Business segments
      • Table Neapco Holdings LLC - Organizational developments
      • Table Neapco Holdings LLC - Key offerings
    • Nexteer Automotive Corp.
      • Table Nexteer Automotive Corp. - Vendor overview
      • Table Nexteer Automotive Corp. - Product segments
      • Table Nexteer Automotive Corp. - Organizational developments
      • Table Nexteer Automotive Corp. - Geographic focus
      • Table Nexteer Automotive Corp. - Segment focus
      • Table Nexteer Automotive Corp. - Key offerings
    • Zhejiang ODM Transmission Technology Co. Ltd.
      • Table Zhejiang ODM Transmission Technology Co. Ltd. - Vendor overview
      • Table Zhejiang ODM Transmission Technology Co. Ltd. - Product segments
      • Table Zhejiang ODM Transmission Technology Co. Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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