Constant Velocity Universal Joint Market Report 2026

The constant velocity universal joint market size has grown steadily in recent years. It will grow from $8.52 billion in 2025 to $8.9 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to growth of front-wheel drive vehicle adoption, rising global passenger vehicle production, increasing demand for driveline reliability, advancements in joint lubrication technologies, expansion of automotive manufacturing bases.

The constant velocity universal joint market size is expected to see steady growth in the next few years. It will grow to $10.62 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing penetration of electric vehicles, rising demand for low-maintenance driveline systems, expansion of commercial vehicle production, growing focus on fuel efficiency, increasing adoption of advanced materials in cv joints. Major trends in the forecast period include increasing integration of cv joints in electric drivetrains, rising demand for lightweight driveline components, growing adoption of high-durability joint designs, expansion of all-wheel drive vehicle platforms, enhanced focus on noise and vibration reduction.

The increasing demand for commercial vehicles is expected to drive the growth of the constant velocity (CV) universal joint market in the coming years. Commercial vehicles, primarily used for business purposes such as transporting goods or passengers, are seeing a rise in demand due to the surge in e-commerce, which necessitates more delivery trucks and vans. Additionally, infrastructure investments are fueling the need for construction and utility vehicles. Constant velocity universal joints play a vital role in commercial vehicles by ensuring smooth power transmission, accommodating suspension and steering movements, and improving drivetrain durability and performance. For instance, in January 2024, the Society of Motor Manufacturers and Traders, a UK-based trade association, reported a 21% rise in demand for new light commercial vehicles (LCVs) in the UK during 2023, amounting to 341,455 units. As a result, the expanding demand for commercial vehicles is driving the growth of the constant velocity universal joint market.

Key companies in the constant velocity universal joint market are focusing on developing advanced products, such as high-durability CV joints, to meet the increasing need for reliable and efficient automotive components. These high-durability joints are manufactured using advanced materials and production techniques to withstand higher stress, extreme conditions, and extended usage, resulting in a longer lifespan and reduced maintenance. For example, in February 2023, First Line Ltd., a UK-based auto parts manufacturer, introduced a wide range of drivetrain components for the automotive aftermarket. This offering includes over 420 CV joints and more than 530 driveshafts, sold as complete kits for easier installation. These components are made from high-quality materials for enhanced durability and performance, with each part precision-machined and balanced to ensure smooth operation, and come with a two-year or 24,000-mile warranty.

In January 2025, American Axle & Manufacturing (AAM), a US-based provider of driveline components, metal-forming technologies, and automotive transmission systems, acquired Dowlais Group (owner of GKN Automotive) for approximately $1.44 billion. Through this acquisition, American Axle sought to establish a leading global driveline and metal-forming supplier with a powertrain-agnostic product portfolio, broader geographic reach, and increased scale to meet the rising demand for ICE, hybrid, and electric vehicle driveline systems. Dowlais Group is a UK-based automotive and powder-metallurgy company involved in designing and manufacturing driveline products, including constant-velocity joints, half-shafts, propshafts, and metal-formed components for automotive applications.

Major companies operating in the constant velocity universal joint market are GKN Automotive, Schaeffler AG, NTN Corporation, JTEKT Corporation, Dana Incorporated, American Axle & Manufacturing Holdings, Inc., AB SKF, Wanxiang Group Corporation, Hyundai WIA Corporation, IFA Group, Neapco Holdings LLC, GMB Corporation, Meritor, Inc., Valeo SA, Tenneco, Nexteer Automotive Group Limited, Rzeppa Corporation, Eurodriveline Automotive, Shiloh Industries, Inc., Jining DRB Bearing Co., Ltd., Jiangsu Hongzhi Auto Parts Co., Ltd., GSP Automotive Group, SKF India Limited, Mahindra CIE Automotive India Ltd.

North America was the largest region in the constant velocity universal joint market in 2025. The regions covered in the constant velocity universal joint market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the constant velocity universal joint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The constant velocity universal joint market consists of sales of double cardan joints, high-performance CV joints, replacement CV axle shafts, CV joint boots, and CV joint lubrication kits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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