Automotive Constant Velocity Joint Market Report 2026

The automotive constant velocity joint market size has grown strongly in recent years. It will grow from $3.89 billion in 2025 to $4.1 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to front-wheel drive adoption, passenger vehicle production growth, demand for smooth power transfer, drivetrain standardization, mass vehicle manufacturing.

The automotive constant velocity joint market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to electric vehicle penetration, lightweight material adoption, performance vehicle demand, advanced suspension systems, drivetrain efficiency optimization. Major trends in the forecast period include design optimization for electric vehicles, demand for high-durability cv joints, growth of awd and fwd platforms, expansion of lightweight drivetrain components, focus on reduced nvh levels.

The increasing demand for commercial vehicles is expected to drive the growth of the automotive constant velocity joint market in the coming years. Commercial vehicles are a category of vehicles used for business purposes, including the transportation of goods and cargo or the provision of services in exchange for compensation. Rising demand for commercial vehicles such as trucks and delivery vans increases the need for CV joints to transmit power from the vehicle’s transmission or differential to the wheels, thereby improving driving comfort and stability. For example, in March 2024, according to a report released by the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile industry standards group in the European Union, more than 76 million passenger cars were produced globally in 2023, representing a 10.2% increase compared with the previous year. Therefore, the growing demand for passenger and commercial vehicles is contributing to the expansion of the automotive CV joint market.

The growing adoption of electric and hybrid vehicles is expected to propel the growth of the automotive constant velocity joint market in the coming years. Electric and hybrid vehicles are automobiles that use electric motors either partially or entirely to power the drivetrain, often in combination with internal combustion engines or operating solely on battery power. The increasing adoption of electric and hybrid vehicles is mainly driven by government incentives and falling battery costs, as these factors make electric mobility more affordable for consumers and speed up the transition away from traditional gasoline-powered transportation. Electric and hybrid vehicles require specialized constant velocity joints capable of handling higher torque loads from electric motors and ensuring efficient power transmission across the drivetrain at varying angles. For instance, in May 2024, according to the U.S. Department of Energy, a US-based federal agency, hybrid electric vehicle sales gained strong momentum in 2023, increasing by 53% compared to 2022 and reaching a new record of nearly 1.2 million units sold. Therefore, the increasing adoption of electric and hybrid vehicles is driving the growth of the automotive constant velocity joint market.

Leading companies in the Automotive Constant Velocity Joint Market are concentrating on developing innovative products, such as CV axles, to enhance vehicle performance, boost fuel efficiency, and reduce vibrations. CV axles, or constant velocity axles, are critical components in a vehicle's drivetrain that connect the transmission to the wheels, enabling smooth power transfer while accommodating the suspension's vertical movement. For instance, in September 2023, GSP Inc., a U.S.-based manufacturing company, introduced the Performance Revolution Axle Line, designed to withstand demanding conditions. This product features a high-performance CV boot and clamp for enhanced durability, a proprietary import spline design, and an oxidized coating that ensures maximum corrosion resistance. Each axle includes all necessary installation hardware, offering users a hassle-free experience while maintaining the premium quality expected of automotive components.

Major companies operating in the automotive constant velocity joint market report include JTEKT Corp., Wanxiang Group Corporation, Dana Inc., SKF AB, GKN Automotive Ltd., Hyundai WIA Corporation, American Axle and Manufacturing Holdings Inc., NTN Corp., Nexteer Automotive Group Ltd., 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, Taizhou Heri Auto Parts Co. Ltd., Shandong Kaifurui Auto Parts Co. Ltd., Eco Shaft (M) Sdn Bhd, Falga Srl, Zhejiang Feizhou Vehicle Industry Co. Ltd., Shandong Huifeng Auto Fittings Co. Ltd., Heri Automotive Inc., Wenzhou Guansheng Auto Parts Manufacture Co. Ltd.

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

The automotive constant velocity joint market consists of sales of CV joint assemblies and CV joint lubrication tools. 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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