Automotive Constant Velocity Joints Market Insights 2030

1.     +1 217 636 3356 +44 20 3289 9440 sales@mobilityforesights.com    Your Cart 0   Company Market Reports Consumer Research Advisory Services Exports - Imports Careers Contact Us Blog Your cart is empty Your Name Return to Shop Business Email Global Automotive Constant Velocity Joint Market 2024-2030 Country Phone Number +82 Company Name Single User License : $ 3,500 Your message Corporate User License : $ 6,000 By submitting this form, you are agreeing to the  Request Sample Terms of Use and Privacy Policy. I'm not a robot reCAPTCHA Privacy - Terms BUY NOW DOWNLOAD SAMPLE DESCRIPTION TABLE OF CONTENTS AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET INTRODUCTION At each end of the drive shaft are constant velocity joints, also called CV joints. They link the wheels to the gearbox as well as the axles. CV joints transfer torque to the wheels at a predetermined speed. They are also in charge of the suspension system’s up and down motions. A lot of grease is used in CV joints. The CV joint boot, a protective covering, holds this grease in place. This is where the majority of CV issues typically arise, also known as the drive axle boot. Dirt and moisture may seep inside if the boot is cracked or leaks. Leaks or cracks can cause the CV joint to corrode, dry up, and eventually collapse. The link between the vehicle’s gearbox and its wheels is called a constant velocity, or CV, joint. Vehicles with front-wheel drive often employ CV joints, but rear- and four-wheel drive vehicles can also use them. They are a component of the driveshaft. Both the inner and outer CV joints on each drive wheel connect the axle to the wheel and the gearbox to the axle, respectively. The CV joint gets its name from its capacity to move in any direction with the suspension of a vehicle (in the event that it runs over a pothole or uneven ground) while retaining the ability to maintain a steady speed for the drive wheels. It links two separate rotating shafts, making the CV joint a particularly unique junction. AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET SIZE AND FORECAST We use cookies to understand site usage and improve content and offerings on our site. To learn more, refer to our Privacy Policy. By continuing to use this site, or closing this box, 0  Learn more you consent to our use of cookies. Got it! Send message Continue Shopping The Global automotive constant velocity joint market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET NEW PRODUCT LAUNCH The brand-new BMW 5 Series is using the innovative lightweight VL3 constant velocity joint (CV joint) technology from GKN Driveline for the first time. According to claims, the VL3 joint improves driveline performance in present applications by reducing CO2 emissions considerably. Since the VLi joint first emerged in the BMW 7 Series more than 50 years ago, GKN has had exclusive rights to the VL series of CV joints. That the modern 7 Series served as the platform for the new design, VL3, is appropriate. On the new model of BMW’s premium saloon, the joint was introduced last year. GKN Driveline completed its work within the allotted time period of just 18 months, providing BMW Group with the new standard in lightweight, high-performance sideshaft systems. The innovative VL3 design’s core component is a brand-new S-shape track in the housing that modifies how the ball bearings move. With the aid of GKN’s Countertack technology, the balls are given a greater range of motion, which balances the forces acting on the joint by dividing the torque equally among the bearings. As a result, the cage’s durability is increased, and joint movement precision is enhanced. Using eight ball bearings in place of six increases efficiency. The diameter of the packing can be reduced without affecting the torque capacity of the joint by using more bearings, which lowers the load placed on each ball and allows each ball to be smaller in size. Alternately, more loads can be transmitted through the joint by maintaining the size of the six balls in the VLi system and the eight balls in the VL3 system. Because of the design’s adaptability, automakers can choose to either reduce packing size, increase torque capacity, or combine the two. The diaphragm-shaped boot, which offers a best-in-class sealing system, is the third significant design innovation of the new VL3 joint. The diaphragm design utilises a shallow, one-piece contoured cover in place of the traditional cap-and-boot method common for VL series joints. The amount of grease required to pack the joint is drastically reduced by reducing the size of the cover. A new line of constant-velocity (CV) joints for the aftermarket has been launched by Japanparts. They are mostly utilised in front-wheel drive cars, although many contemporary rear-wheel drive vehicles with independent rear suspension increasingly use homokinetic joints on the drive shafts as well as at the ends of the rear axle half-shafts. A rubber boot packed with molybdenum disulphide grease is typically used to protect constant-velocity joints. In the event that the rubber boot fractures or is damaged for any other reason, grease seeps and the joint becomes lubricatedless. Additionally, the components of the joint can corrode due to external contaminating factors. Due to the joint’s fast wear and reduced life span caused by this, failure could have drastic consequences. More than 800 CV joints are available for Asian, European, and American automobiles, accounting for 93% of all vehicles on the road, according to the Japanparts Group. This variety includes numerous components that are typically challenging to acquire in the aftermarket. Products from Japanparts, Ashika, and Japko offer a premium substitute for the original product and are supported by a 24- month warranty. To ensure a perfect interchangeability with OE parts and the highest reliability, they are developed using durable, high-quality materials and designed carefully in accordance with the original drawings. AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET GEOGRAPHY OVERVIEW North America The North American market, particularly the USA, will be one of the prime markets for (Automotive Constant Velocity Joint Market ) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI

2. across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. Europe The European market, particularly Western Europe, is another prime market for (Automotive Constant Velocity Joint Market ) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Automotive Constant Velocity Joint Market ) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Automotive Constant Velocity Joint Market in the region. Asia Asia will continue to be the global manufacturing hub for (Automotive Constant Velocity Joint Market ) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries. There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon. Africa Africa is expected to see the largest growth in (Automotive Constant Velocity Joint Market ) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. RoW Latin America and the Oceania region will showcase growth over the forecast period in (Automotive Constant Velocity Joint Market ). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET MARGIN COMPARISON Margin Comparison Region Remarks (Highest to lowest) The supply chain demands and the purchasing power in the region enable suppliers to 1 Europe extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. Due to the high spending power in this region, the margins are higher compared to the North rest of the world, but they are lower than Europe as there is higher competition in this 2 America region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe Lower purchasing power, coupled with higher accessibility of services in this regions doesn’t enable suppliers to charge a high margin making it lower than Europe and North 3 Asia America. The quality of goods and services are also affected due to this aspect in the region The margins are the lowest in this region, except for Australia and New Zealand as the Africa and 4 countries in this region don’t have much spending power and a large portion of the ROW products and services from this area is exported to other parts of the world INNOVATION INVESTMENTS BY REGION USA – $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region. Europe – EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments. Asia – There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia. Africa – Investments in the region are focused on improving the technological capabilities in the region along with socio- economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing. Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region. Rest of the World – The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand. AUTOMOTIVE CONSTANT VELOCITY JOINT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS 1. How many automotive constant velocity joints are manufactured per annum globally? Who are the sub-component suppliers in different regions? 2. Cost breakup of a Global automotive constant velocity joint and key vendor selection criteria 3. Where is the automotive constant velocity joint manufactured? What is the average margin per unit? 4. Market share of Global automotive constant velocity joint market manufacturers and their upcoming products 5. Cost advantage for OEMs who manufacture Global automotive constant velocity joint in-house 6. key predictions for next 5 years in Global automotive constant velocity joint market 7. Average B-2-B automotive constant velocity joint market price in all segments 8. Latest trends in automotive constant velocity joint market, by every market segment 9. The market size (both volume and value) of the automotive constant velocity joint market in 2024-2030 and every year in between? 10. Production breakup of automotive constant velocity joint market, by suppliers and their OEM relationship

3. RELATED REPORTS MARKET REPORTS CONSUMER RESEARCH INFORMATION ADVISORY SERVICES CONTACT INFORMATION  172/1, 2nd Floor, 5th Main, 9th Cross Rd, Opposite to Kairalee Nikethan Education Trust, Indira Nagar 1st Stage, Bengaluru, Karnataka 560038, INDIA  +1 217 636 3356, +44 20 3289 9440  sales@mobilityforesights.com Working Hours: Mon - Fri (9 AM - 9 PM IST) Connect with us     © Copyright 2017-2023. Mobility Foresights. All Rights Reserved.