Constant Velocity Universal Joint Market Report 2025

This Constant Velocity Universal Joint market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The constant velocity universal joint market size has grown strongly in recent years. It will grow from $8.2 billion in 2024 to $8.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to the demand for fuel-efficient cars, the growing popularity of electric vehicles, rising vehicle production, sustainability concerns, and the growing use of all-wheel-drive (AWD) systems.

The constant velocity universal joint market size is expected to see steady growth in the next few years. It will grow to $10.48 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to government spending, increasing demand for commercial vehicles, increasing demand for vehicles with advanced safety features, rising urbanization, and growing use of all-wheel-drive (AWD) systems. Major trends in the forecast period include technological improvements, advancements in design, integration of advanced censors, incorporation of bio-based lubricants, and collaborations and partnerships.

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 August 2022, Cummins Inc., a US-based designer, manufacturer, and distributor of engines, filtration systems, and power generation products, acquired Meritor Inc. for $3.7 billion. The acquisition aims to strengthen Cummins' powertrain component portfolio, accelerate the development of electric power solutions, and expand its global market presence. It also seeks to create operational synergies and address the growing demand for decarbonized commercial vehicle solutions. Meritor Inc., based in the US, is a manufacturer specializing in automotive parts, particularly constant velocity universal joints.

Major companies operating in the constant velocity universal joint market are Valeo SA, Schaeffler AG, Mahle GmbH, JTEKT Corporation, Wanxiang Group Corporation, Dana Incorporated, AB SKF, Federal-Mogul Holdings LLC, Hyundai WIA Corporation, American Axle & Manufacturing Inc., NTN Corporation, Meritor Inc., Nexteer Automotive Corporation, Moog Inc., Belden Universal Joint Company LLC, GKN Ltd, IFA Group, GMB Corporation, Meyle AG, Renold PLC, Crown Automotive Sales Co. Inc.

North America was the largest region in the constant velocity universal joint market in 2024. The regions covered in the constant velocity universal joint market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Constant velocity universal joints (CV joints) are essential mechanical components that transmit power from a vehicle's transmission to its wheels, maintaining a consistent rotational speed despite changes in angle. They are crucial for front-wheel drive, all-wheel drive, and some rear-wheel drive vehicles, allowing the axle to flex and move while delivering torque, particularly during steering and suspension movements.

The main types of constant velocity universal joints are ball-fixed and plunging CV joints. Ball-fixed CV joints are widely used in automotive drivetrains, particularly in front-wheel drive, all-wheel drive, and rear-wheel drive vehicles. These joints are distributed through various channels, including original equipment manufacturers and the aftermarket, for use in both passenger and commercial vehicles.

The constant velocity universal joint market research report is one of a series of new reports that provides constant velocity universal joint market statistics, including constant velocity universal joint industry global market size, regional shares, competitors with a constant velocity universal joint market share, detailed constant velocity universal joint market segments, market trends and opportunities, and any further data you may need to thrive in the constant velocity universal joint industry. This constant velocity universal joint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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