Global Top 5 Companies Accounted for 66 of total Half Shaft - Washington - Seattle ID1559143
Offering about 2 weeks ago - Other electronics & technologies - SeattleDetails
This report studies the Constant Velocity Universal Joint market, Constant-velocity joints (CV joints) allow a drive shaft to transmit power through a variable angle, at constant rotational speed, without an appreciable increase in friction or play. All front-wheel drive cars have Constant Velocity joints or CV joints on both ends of the drive shafts (half shafts). Inner CV joints connect the drive shafts to the transmission, while the outer CV joints connect the drive shafts to the wheels. Many rear-wheel drive and four-wheel drive cars as well as trucks also have CV joints. Constant Velocity Universal Joint equals Half Shaft Constant Velocity Joint.
According to the new market research report “Global Half Shaft Constant Velocity Joints Market Report 2023-2029”, published by QYResearch, the global Half Shaft Constant Velocity Joints market size is projected to reach USD 5.17 billion by 2029, at a CAGR of 1.2% during the forecast period.
The global key manufacturers of Half Shaft Constant Velocity Joints include GKN, NTN, SDS, Nexteer, Wanxiang, Hyundai WIA, Neapco, SKF, GSP Automotive Group, Seohan Group, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.
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