Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Constant Velocity Joint Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Automotive Constant Velocity Joint Market?
The market size for the Automotive Constant Velocity Joint Global Market Report 2025 has seen considerable growth recently. The market value was $3.69 billion in 2024 and is projected to increase to $3.89 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.4%.
What Is the Forecasted CAGR for the Automotive Constant Velocity Joint Market by 2029?
The Automotive Constant Velocity Joint Global Market Report 2025 predicts the market to expand to a value of $4.9 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%.
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What Are the Market Drivers in the Automotive Constant Velocity Joint Industry?
The key drivers in the automotive constant velocity joint market are:
• Adoption of electric and hybrid vehicles
• Demand for compact and lightweight CVJs
• Globalization of automotive manufacturing
• Trends towards autonomous and connected vehicles.
What Is the Segment-Wise Breakdown of the Automotive Constant Velocity Joint Market?
The automotive constant velocity joint market covered in this report is segmented –
1) By Joint Type: Rzeppa Joints, Tripod Joints, Fixed And Plunge Joint, Other Joint Types
2) By Propulsion: Internal Combustion Engine (ICE), Electric And Hybrid, Other Propulsions
3) By Application: Passenger Car, Commercial Vehicle
4) By End-User: Original Equipment Manufacturer (OEM), After market
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Which Emerging Trends Are Driving Growth in the Automotive Constant Velocity Joint Sector?
The key trends in the automotive constant velocity joint market are:
• Rising interest in all-wheel and four-wheel drive systems is a shaping trend.
• Continuing globalization of automotive supply chains is considerably influencing the market.
• The integration of smart sensors for predictive maintenance is an emerging trend.
• Focus on environmental sustainability and adoption of CVJS in autonomous vehicles are crucial future trends.
Which Companies Are Dominating the Automotive Constant Velocity Joint Market in Terms of Revenue?
Major players in the automotive constant velocity joint market are:
• JTEKT Corp.
• Wanxiang Group Corporation
• Dana Inc.
• SKF AB
• GKN Automotive Ltd.
• Hyundai WIA Corporation
• American Axle and Manufacturing Holdings Inc.
• NTN Corp.
• The Timken Company
• Nexteer Automotive Group Ltd.
• Trelleborg AB
• IFA Holding GmbH
• Xiangyang Automobile Bearing Co. Ltd.
• GSP Automotive Group Wenzhou Co. Ltd.
• Wonh Industries Co Ltd.
• C&U Americas LLC
• Aikoku Alpha Corporation
• Nuova Tecnodelta Spa
• Hartford Technologies Inc.
• Taizhou Heri Auto Parts Co. Ltd.
• Shandong Kaifurui Auto Parts Co. Ltd.
• Eco Shaft (M) Sdn Bhd
• Falga Srl
• Nanyang Automobile And Cycle Group
• Zhejiang Feizhou Vehicle Industry Co. Ltd.
• Shandong Huifeng Auto Fittings Co
• Heri Automotive Inc.
• Wenzhou Guansheng Auto Parts Manufacture Co.Ltd
What Are the Regions Driving Demand in the Automotive Constant Velocity Joint Market?
North America was the largest region in the automotive constant velocity joint market in 2024
