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.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Cardan Universal Joint Market

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