Embedded Files
Constant velocity (CV) joint help a drive shaft to transmit torque at a constant speed without deflection in friction. They are widely used in front wheel drive vehicles and new rear wheel drive vehicles with separate rear suspension typically used CV joints at the end of rear axle shafts. CV joints are mostly used in various industries due to its features such as less driving units, less noise, less vibration, reliability of variable angle & improved effectiveness.
Growing demand for fuel-efficient vehicles, better vehicle performance & stringent emission norms will drive the constant velocity joints market. Consumer comfort, efficient driving and purchasing cost will play a significant role in increasing the global revenue of the market. The major automakers & suppliers are focusing on research & development activities to improve the vehicle performance, which further increases the demand for constant velocity joints. Increase in per capita disposable income in the developing countries & increase in sales of passenger cars in the global market will boost the automotive constant velocity joints market. Furthermore, the introduction of stringent safety norms and standards by the government of various countries are compelling major automotive manufacturers to develop constant velocity joints as per regulations.
Auto CV Joint Market Share is expected to witness ~6.56% CAGR during the period 2017 to 2023.
The global Auto Cv Joint Market Share has been segmented into joint type, vehicle type, application and region. On the basis of joint type, the market is segmented into tracta Joints, rzeppa Joints, double coupling, and thomson coupling & others. Rzeppa joint is expected to dominate the global market throughout the forecast period in terms of market revenue. Rzeppa and double coupling joint system , together comprise more than 75% of the total market revenue share in the year 2016. On the basis of vehicle type, the market is segmented as passenger car, light commercial vehicle & heavy commercial vehicle. Passenger cars will dominate the market throughout the forecast period due to growing population, across the globe. The increase in demand for fuel-efficient passenger cars in major developing nations will enhance the growth of the global market in terms of value. On the basis of application, the market has been segmented as commercial, logistics, defense & aviation. Commercial segment is expected to grow at a higher CAGR over the forecast period owing to increase in the sales of luxury and passenger vehicles. Logistics segment is also growing due to the increase in transportation across the globe.
The prominent players in the Auto Cv Joint Market Share include are GKN (U.K.), IFA Rotorion (Germany), SKF (Sweden), NTN Corporation (Japan), Nexteer Automotive (U.S.) NKN Co. Ltd. (Japan), ZWZ (China) and Zhejiang ODM Transmission Technology Co. Ltd. (China). Wanxiang Qianchao Co. Ltd. (China), Nanyang Automobile & Cycle Group (China), Taizhou Hongli Automobile Parts Co. Ltd. (China), Shandong Huifeng Auto Fittings Co. Ltd.(China), American Axle & Manufacturing Holdings, Inc.(U.S.), Hyundai WIA Corporation (South Korea) and Neapco Holdings LLC (U.S.) are among others.
Read More :
https://pinpdf.com/micro-hybrid-vehicles-market-share-7e1c99339fd7a43fb9c013b3d298cf4c.html
https://www.mediafire.com/file/4s9cmzfk6tqsqu1/Auto_Secondary_Wiring_Harness_Market_Share.pdf/file
https://github.com/samirk18/MRFR-SagarKinagi/issues/100
Google Sites
Report abuse