Automotive Constant Velocity Joint Market to Witness Huge Growth by 2031 - Zhejiang ODM Transmission Technology Co. Ltd., GKN, IFA Rotorion

As per the report published by Allied Market Research, the global automotive constant velocity joint market was pegged at $2.9 billion in 2021, and is estimated to reach $4.7 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. The report offers a detailed study of top segments, value chains, changing market trends, competitive scenarios, key investment pockets, and regional landscape.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A31412

The prominent key factors that drive the growth of the automotive constant velocity joint market are increase in demand for lightweight constant velocity joints, and increase in demand for commercial vehicles. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the manufacturing sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the automotive industry, which in turn is expected fuel the market. In addition, in some undeveloped countries, there is an increase in the production and sales of vehicles, which is expected to boost the market.

Based on joint type, the rzeppa joints segment held the lion's share in 2021, accounting for around two-thirds of the market. In addition, the segment is expected to manifest the highest CAGR of 5.9% during the forecast period.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The global automotive constant velocity joint market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in terms of revenue in 2021, holding more than one-third of the market. In addition, the region is anticipated to register the highest CAGR of 6.1% during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-constant-velocity-joint-market/purchase-options

The report analyzes these key players in the global automotive constant velocity joint market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The key players that operate in this automotive constant velocity joint market are American Axle & Manufacturing, Inc., GKN Automotive Limited, GSP Automotive Group Wenzhou Co. Ltd., Hyundai WIA Corporation, IFA Group, Nanyang Automobile & Cycle Group, Neapco Holdings LLC, Nexteer Automotive, NKN LTD, NTN Corporation, Shandong Carfree Auto Fittings CO., LTD, SKF, Taizhou Hongli Automobile Parts Co., Ltd., Wanxiang Qianchao Co. Ltd., and Zhejiang ODM Transmission Technology Co., Ltd.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A31412

Based on vehicle type, the passenger car segment dominated the market in terms of revenue in 2021, accounting for nearly three-fourths of the market. Furthermore, the segment is projected to register the highest CAGR of 5.6% from 2022 to 2031.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By technology, the future technology segment is expected to register a significant growth during the forecast period.

By mode, the thermoelectric generator segment is projected to lead the global automotive constant velocity joint market.

By vehicle type, the buses segment is projected to lead the global automotive constant velocity joint market.

By component, the thermoelectric generator component segment is projected to lead the global automotive constant velocity joint market.

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Automotive Diagnostics Market - https://www.globenewswire.com/news-release/2021/09/06/2291912/0/en/automotive-diagnostics-market-to-garner-109-84-billion-by-2030-allied-market-research.html

Automotive Differential Market - https://www.globenewswire.com/en/news-release/2021/10/25/2319994/0/en/Automotive-Differential-Market-to-Garner-32-29-Billion-by-2030-Allied-Market-Research.html

Automotive Acoustic Material Market - https://www.globenewswire.com/en/news-release/2023/03/15/2627963/0/en/Automotive-Acoustic-Material-Market-Size-to-Reach-6-6-Billion-by-2031-Allied-Market-Research.html

Automotive Motors Market - https://www.prnewswire.com/news-releases/automotive-motors-market-to-reach-77-499-4-million-globally-by-2032-at-5-03-cagr-allied-market-research-301997699.html

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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