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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.


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
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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