Auto Constant Velocity Joint Market Growth

1. Summary Global Auto Constant Velocity Joint Market Growth 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 Auto Constant Velocity Joint Market Growth An automotive constant velocity joint helps transmit torque to front or rear axles without friction at a constant speed. Constant velocity joint provide hassle-free ride without vibration & noise. Constant velocity joint are surrounded by rubber, which is filled with molybdenum disulfide grease, which reduces friction & wear. Increase in the per capita disposable income and growing purchasing power of the customers will enhance the growth of the market. Rapid increase in sales of passenger cars, hatchback, SUV, and sedans, across the globe, driving the growth of constant velocity joints. Growing construction industry throughout the globe increases the growth of constant velocity joint market due to the growing demand for heavy commercial vehicle. Increased logistics in place, across the globe, will also drive the global automotive constant velocity joint market. Moreover, the growth of the market is challenged by the high prices of the parts such as half shafts, axles and reduction of greenhouse gas emission. Increased focus on gaining customer satisfaction will make it difficult for manufacturers to innovate and develop efficient constant velocity joint systems. The global Auto Constant Velocity Joint Market Growth is anticipated to have a remarkable growth at 6.56% CAGR over the forecast period (2018-2023). Key Players Neapco Holdings LLC (U.S.), IFA Rotorion (Germany), GKN (U.K.), NTN Corporation (Japan), SKF (Sweden), NKN Co. Ltd. (Japan), Nexteer Automotive (U.S.), Zhejiang ODM Transmission Technology Co., Ltd. (China), ZWZ (China), Nanyang Automobile & Cycle Group (China), Wanxiang Qianchao Co. Ltd. (China), Shandong Huifeng Auto Fittings Co. Ltd.(China), Taizhou Hongli Automobile Parts Co. Ltd. (China), Hyundai WIA Corporation (South Korea), American Axle & Manufacturing Holdings, Inc.(U.S.), and others. Segmental Outline The Auto Constant Velocity Joint Market Growth has been segmented by type of joint, type of vehicle, and application. By joint type, the market has been segmented into Tracta joints, Rzeppa Joints, Thomson Coupling, Double Coupling, and others. By vehicle type, the market has been segmented into heavy commercial vehicle, passenger car, and light commercial vehicle. The rise in need to avoid road accidents, due to traffic congestion, is triggering integration of constant velocity joint in passenger car. The expansion of the world population and the increase in need for better public transportation are surging the demand for passenger cars. Heavy commercial vehicles are high consumers of constant velocity joint due to the need to maintain optimum speed to prevent accidents. The heavy vehicle

2. segment, followed by passenger car segment, is expected to contribute to the market growth. By application, the market has been segmented into commercial, aviation, logistics, and defense. Industry Update September 2019 ExxonMobil, a Texas-based oil and gas corporation, launched Mobil EV suite of fluids and greases that enables electric vehicles to meet the evolving drive-train requirements. The constant velocity joints is one of the important aspects of Mobil EV suite. Regional Outlook By region, the global market for automotive constant velocity joints market regional analysis includes North America, Europe, Asia-Pacific and the Rest of the World (RoW). The market in North America is expected to garner the highest share of the global market in the review period. The remarkable growth of the North America automotive constant velocity market can be attributed to the rise in environmental awareness and innovations. Fast-paced expansion of the manufacturing industry and the growing level of stringency in government environmental protection laws in Europe are factors that are likely to propel the regional market growth over the assessment period. The Europe market is also anticipated to gain considerable traction, as the logistics and transportation industry the region witness considerable growth in Poland and Russia. The Asia Pacific market to gain a global foothold across the evaluation period owing to the increase in premium vehicles sales, surge in GDP, and rise in purchasing power of people. 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. 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.

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