DUBLIN--(BUSINESS WIRE)--The "Global Automotive Constant Velocity Joint Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global automotive constant velocity joint market to grow to more than 518 million units by 2022.
Constant velocity (CV) pint is a mechanical power transmission component that provides rotational motion without any friction in an axle. It provides the same output velocity in relation to the input velocity, independent of the angle it is operated at. It is mainly used in front-wheel drive vehicles and many modern rear-wheel drive cars with independent rear suspension.
One trend in the market is advancements in design. CV joint manufacturers are introducing innovative design changes in CV joints to meet the stringent emission norms and regulations. GKN, one of the major manufacturers of CV joints, has developed VL3 series CV joints, which debuted in BMW 7 series models in 2016.
One driver in the market is increase in passenger vehicle sales globally. The increasing sales of passenger vehicles, such as sedans, hatchbacks, minicars, SUVs, crossovers, and vans are driving the growth of the automotive CV joint market. The sedan and hatchback segments significantly contribute to the global passenger vehicle market.
The report states that one challenge in the market is growing preference for public transport to reduce greenhouse gas emissions. The demand for CV joints can be correlated with the production of new vehicles in the market. With increasing concerns about climatic changes, most developed and developing economies are taking up initiatives through summits, such as Kyoto Protocol, aimed at adopting various measures to reduce the greenhouse gases.
- American Axle & Manufacturing
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/8pfmvd/global_automotive?w=4