CV Joint Market Updates by 2031
Constant-velocity joints are needed to transfer torque through variable angles at constant speed, which allow an up & down motion of the steering and spring deflection. Most of the front wheel drive vehicles use constant velocity joints to allow constant rotational speed. The advantage of using constant velocity joint is they provides the same output energy in relation to the input energy.
MARKET DYNAMICS
Rapid increase in sales of passenger cars, hatchback, SUV, and Sedans, across the globe, drive the growth of constant velocity joints. Rapidly growing construction industry, across the globe, drives the growth of global automotive constant velocity joints due to an increase in demand of heavy motor vehicle for carrying construction materials. Global transportation and logistics industry is growing due to the increasing logistics in the industry, which drives the global automotive constant vehicle joint market.
MARKET SCOPE
The "Global CV Joint Market Analysis to 2031" is a specialized and in-depth study of the CV Joint Market with a special focus on the global market trend analysis. The report aims to provide an overview of CV Joint market with detailed market segmentation by joint type, and vehicle type. The global CV Joint market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CV Joint market player and offers key trends and opportunities in the CV Joint market.
MARKET SEGMENTATION
The global CV Joint market is segmented on the basis of joint type, and vehicle type. On the basis of joint type, market is segmented as Tracta joints, Rzeppa Joints, Double Coupling, Thomson Coupling. On the basis of vehicle type, market is segmented as Passenger Car, LCV, HCV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global CV Joint market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The CV Joint market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting CV Joint Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the CV Joint market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global CV Joint market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The CV Joint market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting CV Joint Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the CV Joint market in these regions.
MARKET PLAYERS
The reports cover key developments in the CV Joint market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from CV Joint market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV battery market. Below mentioned is the list of few companies engaged in the CV Joint market.
The report also includes the profiles of key CV Joint market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- American Axle and Manufacturing Holdings, Inc
- IFA Rotorion
- Melrose Industries PLC
- Nanyang Automobile and Cycle Group
- Nexteer Automotive
- NKN Co. Ltd
- NTN Corporation
- SKF
- Wanxiang Qianchao Co. Ltd.
- Zhejiang ODM Transmission Technology Co.,Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1CV Joint Market - By Joint Type
1.3.2CV Joint Market - By Vehicle Type
1.3.3CV Joint Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CV JOINT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.CV JOINT MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CV JOINT MARKET - GLOBAL MARKET ANALYSIS
6.1.CV JOINT - GLOBAL MARKET OVERVIEW
6.2.CV JOINT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CV JOINT MARKET - REVENUE AND FORECASTS TO 2028 â" JOINT TYPE
7.1.OVERVIEW
7.2.JOINT TYPE MARKET FORECASTS AND ANALYSIS
7.3.TRACTA JOINTS
7.3.1.Overview
7.3.2.Tracta joints Market Forecast and Analysis
7.4.RZEPPA JOINTS
7.4.1.Overview
7.4.2.Rzeppa Joints Market Forecast and Analysis
7.5.DOUBLE COUPLING
7.5.1.Overview
7.5.2.Double Coupling Market Forecast and Analysis
7.6.THOMSON COUPLING
7.6.1.Overview
7.6.2.Thomson Coupling Market Forecast and Analysis
8.CV JOINT MARKET - REVENUE AND FORECASTS TO 2028 â" VEHICLE TYPE
8.1.OVERVIEW
8.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3.PASSENGER CAR
8.3.1.Overview
8.3.2.Passenger Car Market Forecast and Analysis
8.4.LCV
8.4.1.Overview
8.4.2.LCV Market Forecast and Analysis
8.5.HCV
8.5.1.Overview
8.5.2.HCV Market Forecast and Analysis
9.CV JOINT MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America CV Joint Market Overview
9.1.2North America CV Joint Market Forecasts and Analysis
9.1.3North America CV Joint Market Forecasts and Analysis - By Joint Type
9.1.4North America CV Joint Market Forecasts and Analysis - By Vehicle Type
9.1.5North America CV Joint Market Forecasts and Analysis - By Countries
9.1.5.1United States CV Joint Market
9.1.5.1.1United States CV Joint Market by Joint Type
9.1.5.1.2United States CV Joint Market by Vehicle Type
9.1.5.2Canada CV Joint Market
9.1.5.2.1Canada CV Joint Market by Joint Type
9.1.5.2.2Canada CV Joint Market by Vehicle Type
9.1.5.3Mexico CV Joint Market
9.1.5.3.1Mexico CV Joint Market by Joint Type
9.1.5.3.2Mexico CV Joint Market by Vehicle Type
9.2.EUROPE
9.2.1Europe CV Joint Market Overview
9.2.2Europe CV Joint Market Forecasts and Analysis
9.2.3Europe CV Joint Market Forecasts and Analysis - By Joint Type
9.2.4Europe CV Joint Market Forecasts and Analysis - By Vehicle Type
9.2.5Europe CV Joint Market Forecasts and Analysis - By Countries
9.2.5.1Germany CV Joint Market
9.2.5.1.1Germany CV Joint Market by Joint Type
9.2.5.1.2Germany CV Joint Market by Vehicle Type
9.2.5.2France CV Joint Market
9.2.5.2.1France CV Joint Market by Joint Type
9.2.5.2.2France CV Joint Market by Vehicle Type
9.2.5.3Italy CV Joint Market
9.2.5.3.1Italy CV Joint Market by Joint Type
9.2.5.3.2Italy CV Joint Market by Vehicle Type
9.2.5.4United Kingdom CV Joint Market
9.2.5.4.1United Kingdom CV Joint Market by Joint Type
9.2.5.4.2United Kingdom CV Joint Market by Vehicle Type
9.2.5.5Russia CV Joint Market
9.2.5.5.1Russia CV Joint Market by Joint Type
9.2.5.5.2Russia CV Joint Market by Vehicle Type
9.2.5.6Rest of Europe CV Joint Market
9.2.5.6.1Rest of Europe CV Joint Market by Joint Type
9.2.5.6.2Rest of Europe CV Joint Market by Vehicle Type
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific CV Joint Market Overview
9.3.2Asia-Pacific CV Joint Market Forecasts and Analysis
9.3.3Asia-Pacific CV Joint Market Forecasts and Analysis - By Joint Type
9.3.4Asia-Pacific CV Joint Market Forecasts and Analysis - By Vehicle Type
9.3.5Asia-Pacific CV Joint Market Forecasts and Analysis - By Countries
9.3.5.1Australia CV Joint Market
9.3.5.1.1Australia CV Joint Market by Joint Type
9.3.5.1.2Australia CV Joint Market by Vehicle Type
9.3.5.2China CV Joint Market
9.3.5.2.1China CV Joint Market by Joint Type
9.3.5.2.2China CV Joint Market by Vehicle Type
9.3.5.3India CV Joint Market
9.3.5.3.1India CV Joint Market by Joint Type
9.3.5.3.2India CV Joint Market by Vehicle Type
9.3.5.4Japan CV Joint Market
9.3.5.4.1Japan CV Joint Market by Joint Type
9.3.5.4.2Japan CV Joint Market by Vehicle Type
9.3.5.5South Korea CV Joint Market
9.3.5.5.1South Korea CV Joint Market by Joint Type
9.3.5.5.2South Korea CV Joint Market by Vehicle Type
9.3.5.6Rest of Asia-Pacific CV Joint Market
9.3.5.6.1Rest of Asia-Pacific CV Joint Market by Joint Type
9.3.5.6.2Rest of Asia-Pacific CV Joint Market by Vehicle Type
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa CV Joint Market Overview
9.4.2Middle East and Africa CV Joint Market Forecasts and Analysis
9.4.3Middle East and Africa CV Joint Market Forecasts and Analysis - By Joint Type
9.4.4Middle East and Africa CV Joint Market Forecasts and Analysis - By Vehicle Type
9.4.5Middle East and Africa CV Joint Market Forecasts and Analysis - By Countries
9.4.5.1South Africa CV Joint Market
9.4.5.1.1South Africa CV Joint Market by Joint Type
9.4.5.1.2South Africa CV Joint Market by Vehicle Type
9.4.5.2Saudi Arabia CV Joint Market
9.4.5.2.1Saudi Arabia CV Joint Market by Joint Type
9.4.5.2.2Saudi Arabia CV Joint Market by Vehicle Type
9.4.5.3U.A.E CV Joint Market
9.4.5.3.1U.A.E CV Joint Market by Joint Type
9.4.5.3.2U.A.E CV Joint Market by Vehicle Type
9.4.5.4Rest of Middle East and Africa CV Joint Market
9.4.5.4.1Rest of Middle East and Africa CV Joint Market by Joint Type
9.4.5.4.2Rest of Middle East and Africa CV Joint Market by Vehicle Type
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America CV Joint Market Overview
9.5.2South and Central America CV Joint Market Forecasts and Analysis
9.5.3South and Central America CV Joint Market Forecasts and Analysis - By Joint Type
9.5.4South and Central America CV Joint Market Forecasts and Analysis - By Vehicle Type
9.5.5South and Central America CV Joint Market Forecasts and Analysis - By Countries
9.5.5.1Brazil CV Joint Market
9.5.5.1.1Brazil CV Joint Market by Joint Type
9.5.5.1.2Brazil CV Joint Market by Vehicle Type
9.5.5.2Argentina CV Joint Market
9.5.5.2.1Argentina CV Joint Market by Joint Type
9.5.5.2.2Argentina CV Joint Market by Vehicle Type
9.5.5.3Rest of South and Central America CV Joint Market
9.5.5.3.1Rest of South and Central America CV Joint Market by Joint Type
9.5.5.3.2Rest of South and Central America CV Joint Market by Vehicle Type
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.CV JOINT MARKET, KEY COMPANY PROFILES
11.1.AMERICAN AXLE AND MANUFACTURING HOLDINGS, INC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.IFA ROTORION
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.MELROSE INDUSTRIES PLC
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.NANYANG AUTOMOBILE AND CYCLE GROUP
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.NEXTEER AUTOMOTIVE
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.NKN CO. LTD
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.NTN CORPORATION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SKF
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.WANXIANG QIANCHAO CO. LTD.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ZHEJIANG ODM TRANSMISSION TECHNOLOGY CO.,LTD
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. American Axle and Manufacturing Holdings, Inc
2. IFA Rotorion
3. Melrose Industries PLC
4. Nanyang Automobile and Cycle Group
5. Nexteer Automotive
6. NKN Co. Ltd
7. NTN Corporation
8. SKF
9. Wanxiang Qianchao Co. Ltd.
10. Zhejiang ODM Transmission Technology Co.,Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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