Automotive Cardan Universal Joints Market: Introduction
- A Cardan joint, also termed as universal joint, is a mechanical connection between two objects, generally shafts, whose axes are in dissimilar planes, which allows relative rotation in two axes
- In automotive applications, Cardan joints are used to compensate for misalignment between the transmission and the front or rear drive units
Key Drivers of Automotive Cardan Universal Joints Market
- Rise in per capita GDP and disposable income of global population has led to a rise in demand for vehicles and in-turn boosted production of vehicles. For instance, International Organization of Motor Vehicle Manufacturers (IOCA) stated that that the sales of commercial vehicles increased to 27 million units in 2019, as compared to 26 million units sold in 2018. Rapid increase in sales of automobiles is driving the demand for Cardan joints from OEMs, thus propelling the automotive Cardan universal joint market across the globe.
- A basic characteristic of the Cardan universal joint is the non-uniformity of motion transmission through the joint, which doesn’t makes it suitable for constant velocity application. The angular-velocity ratio between input and output shafts varies cyclically at two cycles per revolution of the input shaft. Automotive experts have researched and found a solution to overcome this drawback of the Cardan universal joint by using two joints instead of one. Placement of two appropriately phased universal joints in series cancels the velocity variation induced by any of the joints and thereby, transmits constant angular velocity. This increases the number of cardan universal joints mounted per vehicle and hence, propels the demand for the automotive Cardan universal joint globally.
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Challenges in Automotive Cardan Universal Joints Market
- The Cardan universal joint increase the weight of the system; it requires lubrication and generates high noise, vibration, and harshness. Furthermore, the backlash of these joints is difficult to control. Consequently, alternate high-speed constant velocity joints are being developed, which are hampering the global automotive Cardan universal joint market.
Impact of COVID-19 pandemic on Automotive Cardan Universal Joint Market
- The recent pandemic of COVID-19 has disrupted automotive supply chains, thus creating a shortage of raw materials and components which in-turn hampered the automotive cardan universal joint market. However, as vaccination drives have been initiated across the globe and business activities are returning back to normal, demand of cardan universal joints is anticipated to increase in near future.
Asia Pacific and Europe to hold significant share of global automotive Cardan universal joint market
- Asia Pacific is the largest vehicle producing region with China, Japan, and India contributing more than 40% of total vehicles produced across the globe. This high production of vehicles in Asia Pacific is propelling its share in the global automotive Cardan universal joint market.
- Presence of leading automobile manufacturers, including Daimler AG, Volkswagen AG, Audi AG, and BMW AG, in major countries across Europe has boosted the demand for Cardan joints, thereby fueling the share held by Europe in the global automotive Cardan universal joint market
Key Players Operating in Automotive Cardan Universal Joints Market
The global automotive Cardan universal joint market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global automotive Cardan universal joints market are:
- Belden Tools, Inc.
- Dana Limited
- Designatronics Inc.
- Flender
- Gelenkwellenwerk Stadtilm GmbH
- GKN Automotive Limited
- GMB Corporation Japan
- ML TUNING, spol. s r.o.
- Ningbo Grand Machinery Co., Ltd.
- NSK Ltd.
- Walterscheid Powertrain Group
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Global Automotive Cardan Universal Joints Market: Research Scope
Global Automotive Cardan Universal Joints Market, by Type
- Single Cardan
- Double Cardan
- Centered and Staked
Global Automotive Cardan Universal Joints Market, by Material
- Steel
- Aluminum
- Brass
Global Automotive Cardan Universal Joints Market, by Application
- Steering
- Transmission
- Others
Global Automotive Cardan Universal Joints Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicle
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Cardan Universal Joints Market, by Sales Channel
- OEM
- Aftermarket
Global Automotive Cardan Universal Joints Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
