Research Report: Automotive Constant Velocity Joint Market (2020-2024) |Need for Fuel Efficiency in Vehicles to Boost the Market Growth

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Technavio has been monitoring the automotive constant velocity joint market and it is poised to grow by 99.99 million units during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the […]

Technavio has been monitoring the automotive constant velocity joint market and it is poised to grow by 99.99 million units during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Constant Velocity Joint Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?

  • The passenger cars are expected to be the leading segment in the global market during the forecast period.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be 99.99 million units.

  • Who are the top players in the market?

  • AB SKF, American Axle & Manufacturing Inc., Dana Inc., Guangzhou Hongzhou Auto Parts Co. Ltd., Melrose Industries Plc, Meritor Inc., Neapco Holdings LLC, Nexteer Automotive Corp., and Zhejiang ODM Transmission Technology Co. Ltd. are some of the major market participants.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, American Axle & Manufacturing Inc., Dana Inc., Guangzhou Hongzhou Auto Parts Co. Ltd., Melrose Industries Plc, Meritor Inc., Neapco Holdings LLC, Nexteer Automotive Corp., and Zhejiang ODM Transmission Technology Co. Ltd. are some of the major market participants. The need for fuel efficiency in vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Automotive Constant Velocity Joint Market 2020-2024: Segmentation

Automotive Constant Velocity Joint Market is segmented as below:

  • Application

    • Passenger Cars

    • Commercial Vehicles

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

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Automotive Constant Velocity Joint Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive constant velocity joint market report covers the following areas:

  • Automotive Constant Velocity Joint Market Size

  • Automotive Constant Velocity Joint Market Trends

  • Automotive Constant Velocity Joint Market Analysis

This study identifies an increasing focus on size and light weighting of CV joints as one of the prime reasons driving the automotive constant velocity joint market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Constant Velocity Joint Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist automotive constant velocity joint market growth during the next five years

  • Estimation of the automotive constant velocity joint market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the automotive constant velocity joint market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of automotive constant velocity joint market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application

  • Comparison by application

  • Passenger cars – Market size and forecast 2019-2024

  • Commercial vehicles – Market size and forecast 2019-2024

  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • AB SKF

  • American Axle & Manufacturing Inc.

  • Dana Inc.

  • Guangzhou Hongzhou Auto Parts Co. Ltd.

  • Melrose Industries Plc

  • Meritor Inc.

  • Neapco Holdings LLC

  • Nexteer Automotive Corp.

  • Zhejiang ODM Transmission Technology Co. Ltd.

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200901005134/en/

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