Press release
Constant Velocity Universal Joint Market Revenue Expected to Cross 8010 million US$ by 2025
Constant-velocity joints (CV joints) allow a drive shaft to transmit power through a variable angle, at constant rotational speed, without an appreciable increase in friction or play. They are mainly used in front wheel drive vehicles, and many modern rear wheel drive cars with independent rear suspension typically use CV joints at the ends of the rear axle halfshafts and increasingly use them on the propshafts (drive shafts).
In the next years, the growth rate of automotive production may decrease in Europe and US, but the enormous automotive population will provide large market demand. In China, the growth rate of automotive production will still be higher than other regions. The situation of automotive constant velocity universal joint industry will be the same.
To access sample market research report click here: https://bit.ly/2AlWtYh
There is large technical gap between automotive constant velocity universal joints produced by manufacturers from China and abroad. To maintain market share, these domestic manufacturers must invest more on research and development.
In China, the distribution of automotive manufacturers is relatively concentrated, which means the downstream market is concentrated. To get rid of the limit and reduce the risk, automotive constant velocity universal joint manufacturers should seek more automotive manufacturers as cooperative partners.
The global Constant Velocity Universal Joint market is valued at 7410 million US$ in 2017 and will reach 8010 million US$ by the end of 2025, growing at a CAGR of 1.0% during 2018-2025.
The major manufacturers covered in this report
GKN
NTN
AAM
Meritor
Wanxiang
Dana
Nexteer
Hyundai WIA
JTEKT
IFA Rotorion
SKF
Seohan Group
Guansheng
Neapco
Feizhou Vehicle
Heri Automotive
Xiangyang Automobile Bearing
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Ball Type
Fork Type
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Passenger Vehicle
Commercial Vehicle
Click to view the full report TOC, figure and tables: https://bit.ly/2OpJ3xz
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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