Market Overview

Global Automotive Constant Velocity Joint Market 2018-2022 | Increase in Sale of Passenger Vehicles to Boost Growth | Technavio

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The global automotive constant velocity joint market is expected to post
a CAGR of close to 5% over the period 2018-2022, according to the latest
market research report by Technavio.
However, the growth momentum of the market is expected to decelerate as
there is a decrease in the year-over-year growth.

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Technavio has published a new market research report on the global automotive constant velocity join ...

Technavio has published a new market research report on the global automotive constant velocity joint market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increase in
passenger vehicle sales globally. The increasing sales of passenger
vehicles such as sedans, hatchbacks, minicars, SUVs, crossovers, and
vans are driving the growth of the automotive constant velocity (CV)
joint market. The sedan and hatchback segments significantly contribute
to the global passenger vehicle market.

This market research report on the global
automotive constant velocity joint market 2018-2022
provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the advancements in design as one
of the key emerging trends in the global automotive constant velocity
joint market:

Global automotive constant velocity joint
market: Advancements in design

CV joint manufacturers are introducing innovative design changes in CV
joints to meet the stringent emission norms and regulations. GKN, one of
the major manufacturers of CV joints has developed VL3 series CV joints,
which debuted in BMW 7 series models in 2016. These joints helped BMW
rear-wheel-drive platform to reduce more than 4kg weight.

"VL3 is an S-shape track in-house design, which changes the movement
of the ball bearings. The ball is provided with a wider range movement,
which helps to balance the forces in the joint by distributing torque
between the bearings evenly. This supports the strength of the cage and
improves refinement in joint movement,"
says a senior analyst at
Technavio for research on automotive components.

Global automotive constant velocity joint
market: Segmentation analysis

This market research report segments the global automotive constant
velocity joint market by application (passenger cars and commercial
vehicles) and by geographical regions (APAC, EMEA, and the Americas).

The passenger cars segment accounted for the largest share of the market
with over 80% of the market share in 2017. The market share of this
segment is expected to decrease by close to 1% over the forecast period
with a corresponding increase in the market share of the commercial
vehicles segment.

APAC led the market with the largest share in 2017. The region accounted
for 54% of the market followed by EMEA and the Americas. The market
share of APAC is expected to increase by a further 2% over the forecast
period while EMEA will see a commensurate decrease in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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