Automotive Constant Velocity Joint Market

1. Uptick for Passenger Vehicles to Perk Up Automotive Constant Velocity Joint Market Summary Global Automotive Constant Velocity Joint Market Report: Information by joint type (Tracta joints, Rzeppa Joints, Double Coupling, Thomson Coupling), vehicle type (PC, LCV, HCV), application (Commercial, Logistics, Defense & Aviation) - Forecast To 2023 Automotive Constant Velocity Joint Market Analysis The global automotive constant velocity joint market is anticipated to have a remarkable growth at 6.56% CAGR over the forecast period (2018-2023). Constant velocity joints or CV joints are utilized for connecting the transmission of a car to the wheels. It is a component of the driveshaft which is primarily used on vehicles that have front-wheel drive, but today it is also used in rear-and-four-wheel drive cars. These joints have been specially designed for being capable of bending in all directions while continuing in turning the drive wheels at constant speeds. The CV joints are safeguarded using the rubber boot, in fact a CV gaiter that is filled up with molybdenum disulfide grease. The CV joint of a vehicle is something which goes through enough merely in the normal functioning capacity. Its objective is to ensure that the car keeps moving on the road. There are plentiful factors that is boosting the growth of the automotive constant velocity joint market. These factors as per the Market Research Future (MRFR) report include growing sales of passenger vehicles namely vans, crossovers, SUVs, sedans, hatchbacks and minicars, growing construction activities, increasing awareness to cut down greenhouse emissions, development and innovation in material having low distortion and high heat resistance, and rapid growth in logistics & transportation industry and benefits such as easy drive and smooth turning. On the contrary, high replacement cost coupled with increasing use of public transport for reducing greenhouse gas emissions are factors that may impede the automotive constant velocity joint market growth over the estimated years. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/6224 Key Players Leading players profiled in the automotive constant velocity joint market include American Axle & Manufacturing Holdings, Inc. (U.S.), Shandong Huifeng Auto Fittings Co. Ltd. (China), Taizhou Hongli Automobile Parts Co. Ltd. (China), Nanyang Automobile & Cycle Group (China), Wanxiang Qianchao Co. Ltd. (China), Zhejiang ODM Transmission Technology Co., Ltd. (China), ZWZ (China), NKN Co. Ltd. (Japan), Nexteer Automotive (U.S.), NTN Corporation (Japan), SKF (Sweden), IFA Rotorion (Germany), GKN (U.K) and others. March 2019 - Fukoku with an aim for strengthening its presence is all set to add 6 new machines in the US for addressing the region’s additional growth. At Laurens, the company produces four product lines, each

2. for the automotive sector- rubber radiator seals, rubber brake booster diaphragms, plastic steering column boots and plastic constant velocity joint boots. Market Segmentation MRFR report provides an extensive segmental analysis of the automotive constant velocity joint market on the basis of joint type, vehicle type and application. Based on joint type, it is segmented into Thomson coupling, double coupling, Rzeppa joints, tracta joints and others. Based on vehicle type, the automotive constant velocity joint market is segmented into heavy commercial vehicle, light commercial vehicle and passenger car. Of these, passenger car will have the largest share in the market over the estimated years. Based on application, it is segmented into aviation, defense, logistics and commercial. Of these, commercial will dominate the market over the estimated years. Regional Analysis By region, the automotive constant velocity joint market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, North America will remain the driving force in the market over the estimated years. This is owing to constant innovations being made in CV joints coupled with substantial growth in manufacturing industries that generates growing need for velocity joints in this region. Growing awareness about the safety of the environment is another factor that is driving the market growth here. The automotive constant velocity joint market in Europe is predicted to have considerable growth over the estimated years owing to the prolific expansion of the manufacturing sector in this region. Strict regulations related to the manufacturing sector is predicted in becoming stricter in the coming years that in turn will bolster the market demand. Besides, the thriving transportation and logistics industry in Poland and Russia is predicted to accelerate the market growth in Europe. The automotive constant velocity joint market in the APAC region is poised to witness rapid growth and at the highest CAGR over the estimated years. Increase in luxury car sales, increased purchasing power and rise in GDP across countries namely Japan, India and China will boost the automotive constant velocity joint market growth in the APAC region. Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-constant-velocity-joint- market-6224 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

3. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1646 845 9312 Email: sales@marketresearchfuture.com