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Automotive constant velocity joint market to grow at a CAGR of 5.12% by 2027: Driven by Increasing focus on fuel efficiency – Technavio

Automotive constant velocity joint market to grow at a CAGR of 5.12% by 2027: Driven by Increasing focus on fuel efficiency – Technavio
PR Newswire
NEW YORK, Feb. 21, 2023

NEW YORK, Feb. 21, 2023 /PRNewswire/ — According to Technavio, the global …

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Automotive constant velocity joint market to grow at a CAGR of 5.12% by 2027: Driven by Increasing focus on fuel efficiency - Technavio

PR Newswire

NEW YORK, Feb. 21, 2023 /PRNewswire/ -- According to Technavio, the global automotive constant velocity joint market size is forecasted to grow by 134.36 million units from 2022 to 2027. The market is estimated to grow at a CAGR of over 5.12%. Moreover, the growth momentum will accelerate. APAC will account for 75% of the market's growth. The report includes historic market data from 2017 to 2021. In 2017, the automotive constant velocity joint market was valued at 395.75 million units. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on market size, request a sample report.

Automotive constant velocity joint market - Five forces

The global automotive constant velocity joint market is fragmented, and the five forces analysis covers– 

  • Bargaining Power of Buyers 
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • For an interpretation of Porter's five forces model – buy the report!

Automotive constant velocity joint market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Automotive constant velocity joint market - Segmentation assessment

Segment overview

Technavio has segmented the market based on Application (Passenger cars and Commercial vehicles), End-user (OEMs and Aftermarket), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). 

  • The passenger cars segment will account for a significant share of the market's growth during the forecast period. Due to the accelerating rate of urbanization and rising levels of disposable income, there is an increase in demand for passenger cars. Despite the incentives offered in numerous nations, the sales of passenger cars continue to outpace those of EVs. This is primarily attributable to range anxiety, expensive battery replacement, and inadequate EV charging infrastructure. Such factors will facilitate segment growth during the forecast period.

Geography overview

By geography, the global automotive constant velocity joint market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive constant velocity joint market.

  • APAC will account for 75% of the market's growth during the forecast period. The region has been witnessing rapid economic growth, which is increasing the purchasing power of consumers leading to high automobile sales. APAC is becoming an attractive location for automotive OEMs owing to government incentives as well as the easy availability of resources. Various global OEMs are establishing their production plants in APAC. Thus, the increase in the production of vehicles in the region will contribute significantly to the growth of the market in APAC during the forecast period.

Download a Sample Report

Automotive constant velocity joint market – Market dynamics

Key factor driving market growth

  • The increasing focus on fuel efficiency is one of the major factors driving the market growth. 
  • Fuel efficiency is considered an important factor when purchasing a vehicle.
  • Therefore, automakers upgrading technologies to reduce fuel consumption by vehicles and deliver optimum performance.
  • Automakers are developing advanced systems, including automotive CV (constant Velocity) joints, which will increase fuel efficiency as fuel costs constitute a major portion of vehicle ownership costs,
  • The focus of customers on the fuel efficiency of vehicles is expected to have a positive impact on the market during the forecast period.

Leading trends influencing the market 

  • The focus on reducing the size of CV joint boots is an emerging trend in the market. 
  • A CV joint boot is a rubber casing that covers the CV joint at the axle of a vehicle.
  • The material used for manufacturing the CV joint is very important as it helps in protecting the inner and outer portion of the CV joint to keep it away from water or road debris.
  • Manufacturers are able to reduce the size of the CV joint boot with the introduction of new materials.
  • This will help is reducing the overall cost, reduce vehicle weight, and support fuel efficiency. Hence, these factors will fuel the market growth during the forecast period. 

Major challenges hindering market growth

  • The growing preference for public transport to reduce greenhouse gas emissions is a major challenge impeding the market growth. 
  • The demand for CV joints has a direct impact on the production of new vehicles in the market.
  • The second major contributor to greenhouse gas emissions globally is the transportation sector (cars, trucks, buses, ships, aircraft, and trains).
  • Government bodies are implementing regulations to reduce the number of vehicles on the road due to increasing traffic.
  • Therefore, the increasing use of public transport would adversely affect the global market during the forecast period. 

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this automotive constant velocity joint market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automotive constant velocity joint market between 2023 and 2027
  • Precise estimation of the automotive constant velocity joint market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the automotive constant velocity joint industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automotive constant velocity joint market vendors

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Automotive Constant Velocity Joint Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.12%

Market growth 2023-2027

134.36 million units

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.56

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 75%

Key countries

US, China, Japan, India, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB SKF, AIKOKU ALPHA, American Axle and Manufacturing Holdings Inc., Comer Industries Spa, Comline Auto Parts Ltd., Dana Inc., ECO SHAFT (M) SDN BHD, GKN Automotive Ltd., GSP Automotive Group Wenzhou Co. Ltd., Hartford Technologies Inc., Hyundai Motor Group, IFA Holding GmbH, JTEKT Corp., Melrose Industries Plc, Meritor Inc., Nexteer Automotive Group Ltd., NTN Corp., Nuova Tecnodelta Spa, Taizhou Heri Auto Parts Co. Ltd., and United Components Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million units)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million units)
    • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global automotive constant velocity joint market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global automotive constant velocity joint market 2017 - 2021 (million units)
  • 4.2 Application Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 (million units)
  • 4.3 End-user Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 (million units)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million units)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million units)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Passenger cars - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 (million units)
    • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 (million units)
    • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
  • 6.4 Commercial vehicles - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2022-2027 (million units)
    • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2022-2027 (million units)
    • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Application 
    • Exhibit 42: Market opportunity by Application (million units)

7 Market Segmentation by End-user

  • 7.1 Market segments 
    • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 45: Chart on Comparison by End-user
    • Exhibit 46: Data Table on Comparison by End-user
  • 7.3 OEMs - Market size and forecast 2022-2027
    • Exhibit 47: Chart on OEMs - Market size and forecast 2022-2027 (million units)
    • Exhibit 48: Data Table on OEMs - Market size and forecast 2022-2027 (million units)
    • Exhibit 49: Chart on OEMs - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on OEMs - Year-over-year growth 2022-2027 (%)
  • 7.4 Aftermarket - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Aftermarket - Market size and forecast 2022-2027 (million units)
    • Exhibit 52: Data Table on Aftermarket - Market size and forecast 2022-2027 (million units)
    • Exhibit 53: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by End-user 
    • Exhibit 55: Market opportunity by End-user (million units)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 59: Chart on Geographic comparison
    • Exhibit 60: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 (million units)
    • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 (million units)
    • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 (million units)
    • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 (million units)
    • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027
    • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (million units)
    • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (million units)
    • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 (million units)
    • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 (million units)
    • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million units)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million units)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027
    • Exhibit 81: Chart on China - Market size and forecast 2022-2027 (million units)
    • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 (million units)
    • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 US - Market size and forecast 2022-2027
    • Exhibit 85: Chart on US - Market size and forecast 2022-2027 (million units)
    • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 (million units)
    • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.10 Japan - Market size and forecast 2022-2027
    • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 (million units)
    • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 (million units)
    • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.11 India - Market size and forecast 2022-2027
    • Exhibit 93: Chart on India - Market size and forecast 2022-2027 (million units)
    • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 (million units)
    • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.12 South Korea - Market size and forecast 2022-2027
    • Exhibit 97: Chart on South Korea - Market size and forecast 2022-2027 (million units)
    • Exhibit 98: Data Table on South Korea - Market size and forecast 2022-2027 (million units)
    • Exhibit 99: Chart on South Korea - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography (million units)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 AB SKF 
    • Exhibit 108: AB SKF - Overview
    • Exhibit 109: AB SKF - Business segments
    • Exhibit 110: AB SKF - Key news
    • Exhibit 111: AB SKF - Key offerings
    • Exhibit 112: AB SKF - Segment focus
  • 12.4 AIKOKU ALPHA 
    • Exhibit 113: AIKOKU ALPHA - Overview
    • Exhibit 114: AIKOKU ALPHA - Product / Service
    • Exhibit 115: AIKOKU ALPHA - Key offerings
  • 12.5 American Axle and Manufacturing Holdings Inc.
    • Exhibit 116: American Axle and Manufacturing Holdings Inc. - Overview
    • Exhibit 117: American Axle and Manufacturing Holdings Inc. - Business segments
    • Exhibit 118: American Axle and Manufacturing Holdings Inc. - Key offerings
    • Exhibit 119: American Axle and Manufacturing Holdings Inc. - Segment focus
  • 12.6 Comer Industries Spa 
    • Exhibit 120: Comer Industries Spa - Overview
    • Exhibit 121: Comer Industries Spa - Product / Service
    • Exhibit 122: Comer Industries Spa - Key offerings
  • 12.7 Comline Auto Parts Ltd. 
    • Exhibit 123: Comline Auto Parts Ltd. - Overview
    • Exhibit 124: Comline Auto Parts Ltd. - Product / Service
    • Exhibit 125: Comline Auto Parts Ltd. - Key offerings
  • 12.8 Dana Inc. 
    • Exhibit 126: Dana Inc. - Overview
    • Exhibit 127: Dana Inc. - Business segments
    • Exhibit 128: Dana Inc. - Key news
    • Exhibit 129: Dana Inc. - Key offerings
    • Exhibit 130: Dana Inc. - Segment focus
  • 12.9 ECO SHAFT (M) SDN BHD 
    • Exhibit 131: ECO SHAFT (M) SDN BHD - Overview
    • Exhibit 132: ECO SHAFT (M) SDN BHD - Product / Service
    • Exhibit 133: ECO SHAFT (M) SDN BHD - Key offerings
  • 12.10 GKN Automotive Ltd. 
    • Exhibit 134: GKN Automotive Ltd. - Overview
    • Exhibit 135: GKN Automotive Ltd. - Product / Service
    • Exhibit 136: GKN Automotive Ltd. - Key offerings
  • 12.11 Hartford Technologies Inc. 
    • Exhibit 137: Hartford Technologies Inc. - Overview
    • Exhibit 138: Hartford Technologies Inc. - Product / Service
    • Exhibit 139: Hartford Technologies Inc. - Key offerings
  • 12.12 IFA Holding GmbH 
    • Exhibit 140: IFA Holding GmbH - Overview
    • Exhibit 141: IFA Holding GmbH - Key offerings
  • 12.13 Melrose Industries Plc 
    • Exhibit 142: Melrose Industries Plc - Overview
    • Exhibit 143: Melrose Industries Plc - Business segments
    • Exhibit 144: Melrose Industries Plc - Key offerings
    • Exhibit 145: Melrose Industries Plc - Segment focus
  • 12.14 Nexteer Automotive Group Ltd. 
    • Exhibit 146: Nexteer Automotive Group Ltd. - Overview
    • Exhibit 147: Nexteer Automotive Group Ltd. - Business segments
    • Exhibit 148: Nexteer Automotive Group Ltd. - Key news
    • Exhibit 149: Nexteer Automotive Group Ltd. - Key offerings
    • Exhibit 150: Nexteer Automotive Group Ltd. - Segment focus
  • 12.15 NTN Corp. 
    • Exhibit 151: NTN Corp. - Overview
    • Exhibit 152: NTN Corp. - Business segments
    • Exhibit 153: NTN Corp. - Key offerings
    • Exhibit 154: NTN Corp. - Segment focus
  • 12.16 Nuova Tecnodelta Spa 
    • Exhibit 155: Nuova Tecnodelta Spa - Overview
    • Exhibit 156: Nuova Tecnodelta Spa - Product / Service
    • Exhibit 157: Nuova Tecnodelta Spa - Key offerings
  • 12.17 Taizhou Heri Auto Parts Co. Ltd. 
    • Exhibit 158: Taizhou Heri Auto Parts Co. Ltd. - Overview
    • Exhibit 159: Taizhou Heri Auto Parts Co. Ltd. - Product / Service
    • Exhibit 160: Taizhou Heri Auto Parts Co. Ltd. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 161: Inclusions checklist
    • Exhibit 162: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 163: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 164: Research methodology
    • Exhibit 165: Validation techniques employed for market sizing
    • Exhibit 166: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 167: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
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The best real estate coaching programs for 2024

Hone your skills and level up your business this year by investing in an expert real estate coaching program

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Real estate is a vibrant, dynamic and competitive industry. From the thrill of a sale to the pursuit of new leads, it keeps you on your toes. That said, it can also be incredibly isolating, and it can be hard to stay motivated. As a way to deal with this, many agents and brokers seek out professional mentorship as a means to gain insight and level up their performance. Across the country, the best real estate coaches serve as valuable mentors who can help agents and brokers achieve the success they deserve. 

“It’s really hard for independent business owners to get unbiased advice from themselves,” says Kyle Scott, President of SERHANT. Ventures. “So they need unbiased experts to work with that will help them grow their business — someone who has been there, who has done it, and who is able to see their business from both the 35,000-foot view and down in the weeds.” 

A quick internet search will prove that real estate coaching programs are plentiful. Whether you’re looking to expand your team or client network or figure out how to delegate work so you can focus on the tasks you do best, a real estate coaching program could be a valuable launchpad. But when it comes to choosing the right one for your unique needs, there’s a lot to consider. Here, we highlight some of the best real estate coaches in the industry and their programs.

Summary

Who can benefit most from real estate coaching?

An unbiased view is worth millions. Often, we turn to our closest friends and family for guidance. Unfortunately, they’re usually not familiar with the ins and outs of the real estate industry and can’t provide you with the relevant feedback you need. As a result, many independent contractors rely on themselves, which generally doesn’t work either.

You can’t advise yourself, you’re too close to it. A coach works best for someone who is actually looking to grow their business, someone who is looking to put in the time and the energy to make a difference in achieving more income this year. Hire a coach if you want to start taking your business to the next level for any reason — you want to make more money, have more freedom with your time, or stop riding the ins and outs of the commission cycle.President of SERHANT. Ventures

1. Sell It Like Serhant

Key Facts

Grown throughout the pandemic, the Sell It Like Serhant program has been carefully adapted to the current market. It follows a weekly and bi-weekly platform featuring one-on-one virtual coaching from Serhant’s proprietary video platform. After a half-hour or hour-long group meeting every week or every other week, participants follow actionable steps to help them grow their business. Thus far, more than 22,000 enrollees in 128 countries have been through the Sell It Like Serhant program.

What We Love

Serhant offers daily office hours so participants can pop into virtual sessions to ask questions or get expert advice between their regularly scheduled sessions. A community platform also allows participants to pass referrals to each other. Thus far, it seems to have worked: To date, participating agents have closed over $250 million of referral deals.

Pricing

There are different membership tiers, depending on the level of guidance you need. The introductory Real Estate Core Course starts at $497. Prices are higher for a more specific course or one with 1:1 coaching.

Who’s it Best For?

If you’re looking to build a memorable personal brand, SERHANT. is the way to go. “The number one differentiator about our program is we understand that as a real estate agent, you have one job: to generate leads,” says SERHANT. Ventures President Kyle Scott. “Our number one focus is helping you build a clear, compelling, memorable personal brand and put your lead generation on autopilot. So that way, you can do what you do best, which is build relationships and close deals.”

Visit Sell It Like Serhant

2. Tom Ferry International

Headshot-Serhant

Key Facts

For good reason, Ferry International refers to itself as the real estate industry’s leading coaching and training company. Focused on Ferry’s “8 Levels of Performance,” the programs are a staple of real estate coaching. Their new group coaching sessions cover various aspects of real estate sales.

Prospecting Bootcamp is a 14-hour program comprised of seven two-hour group coaching sessions, and includes a peer-to-peer collaboration space. It involves independent work pulled from training videos and downloadable resources.

Recruitment Roadmap consists of hour-long sessions each week for ten weeks. Completed over Zoom and through the Tom Ferry video platform, each group coaching program offers a high level of specialization.

Finally, their Fast Track program offers 12 interactive group coaching sessions designed to help new agents build the necessary skills to succeed — like mastering listing presentations and handling objections. 

What we love 

If you’re looking for the gold standard of real estate coaching, Tom Ferry has the goods to back up the bravado. Because of their many years in the biz, Tom Ferry has a huge base of coaches, which means there are plenty of options to find the program best suited for your specific needs.

Pricing

Tom Ferry’s Prospecting Bootcamp and Fast Track coaching programs cost $999 but can be broken down into three monthly payments. The Recruitment Roadmap group coaching costs $1,499 but can be split into three monthly payments of $500. Consider their free coaching consultation if you want to dip your toes in the water. Check out their customer reviews, where several coaching program alums rave about the program.

Who’s it Best For?

If you thrive in a group setting that allows you to feed off the energy of others, Tom Ferry might be right for you. Their group coaching programs are new and more affordable alternatives to often costly 1:1 coaching fees.

Visit Tom Ferry

3. Tim and Julie Harris

Headshot-Serhant

Key Facts

The dynamic duo of real estate coaching, Tim and Julie Harris are a major name in the industry. Under their business, Harris Real Estate Coaching, their programs are divided into three tiers: Premier, Premier Plus, and VIP, all of which rely on a user-friendly online platform.

Pricing 

Premier platform costs $197 per month, but a 30-day free trial is available. Premier Plus costs $599 per month, while VIP costs $999 per month. Of course, their wildly successful podcast is a great free resource to tap into, as well as Tim and Julie’s many written contributions to HousingWire.

Who’s it Best For? 

If you’re constantly on the go, the ability to access the course from any device is a major asset.


4. Candy Miles-Crocker

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Key Facts

Newbies are welcome at Candy Miles Crocker’s program. Known as the “Real Life Realtor,” she’s the brain behind Real Life Real Estate Training. With a variety of courses in her offerings, including a plethora of self-paced online courses, Miles-Crocker gives new agents a leg-up on the rest.

What we love

Miles-Crocker is still an active agent, working with clients to close deals. Her 20+ years of experience practicing in Washington, D.C., Virginia and Maryland have helped her build “systems, strategies and scripts” that she shares with her coaching clients.

Pricing

The CORE Essentials Blueprint program retails for $1,597. Smaller, more specific courses, such as The Buyer Presentation, are priced at $347.  While all pricing isn’t listed on her website, Miles-Crocker also offers a free course that includes her 6-point system for growth.

Who’s it Best For?

Miles-Crocker’s courses could be beneficial if you are new to agent life or looking to get your business reorganized. She even has one specifically for your first 30 days as a real estate agent.


5. Ashley Harwood

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Key Facts

Boston-based Ashley Harwood inspires introverts with her convincing, heartfelt and high-touch approach to practicing real estate. Her very human, very relatable Move Over Extroverts coaching approach is the perfect antidote for cheerleader-style coaches that urge you to door-knock, chase down divorce leads or become a social media superstar.

What we love

Harwood is a licensed agent coaching agents week-in and week-out at no less than three Keller-Williams offices in the great Boston metro. We love her humanity, inspiring videos, and her latest enterpise — The Quiet Success Club. Inspired by Susan Cain’s New York Times bestseller Quiet, about the power of introverts, Harwood brings together a community of like-minded real estate agents wanting a more client-centric approach to succeeding as an agent.

Pricing

Join The Quiet Success Club for $45 per month (paid monthly) or get two months free when you pay for an annual subscription (for $450). The club is currently offering founding member pricing for $25 per month or $250, but it’s a limited-time offer available only under April 30, 2024. Or get a lifetime membership to Harwood’s suite of courses, called IntrovertU, for a one-time cost of $997.

Who’s it Best For?

Introverts, of course! While you may not count yourself as one, if you read Susan Cain’s book, you may unearth your more introverted traits — like recharging your battery by being alone. Ok, even if you don’t bask in solitude, Harwood promises a calming community where agents can be themselves, be seen, and where they don’t have to be the loudest voice in her mastermind group, purposefully (and quietly) designed to teach successful lead generation and other strategies.


6. Levi Lascsak

If you’re looking to improve your social media game, Levi Lascsak is the YouTube master. The author of Passive Prospecting specializes in helping real estate professionals embrace the video platform, and he does so in jam-packed, 2-day virtual events. Discover how he earned over $4 million in gross commission income as a new agent.

What we love  

Lascsak’s social media marketing skills are top-of-the-line. While he may not be part of the traditional world of real estate coaching, Lascak’s ability to relate to younger audiences is an asset that Millennial and Gen Z agents might appreciate.

Pricing

The live, 2-day events are available at a discount for $47. But as you can expect, he’s got endless information available for free on YouTube.

Who’s it best for?

If you’re a digital native looking to pack a bunch of education into a short period, a Lascsak course is particularly beneficial.


7. Jess Lenouvel

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Key Facts

Promising to help agents scale from six to seven figures, The Listings Lab founder Jess Lenouvel is the author of More Money, Less Hustle. A strong example of a coach with a significant understanding of social media, Lenouvel hosts vibrant live events that hype up the audience and prepare them to take their career to the next level.

What we Love

Lenouvel emphasizes the significant power of mindset to achieve one’s goals. She understands how quickly the market shifts and emphasizes staying on top of trends to succeed.

Pricing

Tickets to The Listings Lab retail for $997, but Lenouvel offers a variety of free resources as well, like her Listing Lab guide.

Who’s it best for?

Lenouvel’s live events focus on messaging. For those looking to solidify their brand and develop a clear, concise message, her events might be what you need.


8. Buffini & Company

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Key Facts

Another giant of the real estate coaching industry, Buffini & Company is one of the largest coaching and training companies in the United States. They have two major coaching programs:  The Leadership Coaching program includes three monthly coaching calls, free admission to a 2-day conference, and curriculums and training led by Brian Buffini. There are also bi-monthly coaching sessions and a monthly web series with a live Q&A.

Buffini & Company also performs a REALstrengths profile — an in-depth personality assessment. In the One2One Coaching program, there are two coaching calls per month, a monthly marketing kit, the REALStrengths profile, and as with the SERHANT. program, Buffini features the Buffini Referral Network, allowing participants to send and receive referrals with other agents.

What We Love

Buffini coaches aren’t independent contractors. Instead, they’re full-time employees who go through intense training. Thus far, they’ve conducted 1.7 million coaching calls and more than one million hours of coaching.

Pricing

The Leadership Coaching program costs $1,499 a month. Private coaching, referred to as One2One Coaching, costs $549 per month. Two tiers of Referral Maker courses are available from $45 to $149 each per month.

Who’s it Best For?

Team spirit is the name of the game for Buffini’s Leadership Coaching program. If you’re a team leader looking to improve your coaching skills and assist your team in leveling up, the Leadership Coaching program might be right for you. If you want a more personalized path as a solo agent, the One2One Coaching program may be a better fit.


9. Vanda Martin

Key Facts

A popular name in the real estate coaching industry, Vanda Martin’s VIP Coaching Program follows three components: coaching, content, and community. Martin doesn’t shy away from mistakes – instead, she emphasizes avoiding indecision that puts you behind the pack. 

What we love

Positive vibes are plentiful in Martin’s world, and her energy is tangible. Just check out her Instagram videos.

Pricing

Martin’s pricing isn’t listed.

Who’s it best for?

If you’re looking for a female leader who emphasizes loving your job and building habits that will take you to a greater level of success, Martin’s ability to convey those feelings is clear. Just check out the endless testimonials on her website.


9. Tat Londono

Key Facts

Tatiana Londono is the founder and CEO of Londono Realty Group Inc. The author of Real Estate Unfiltered, she offers a variety of programming that ranges from free templates to intensive coaching sessions. The Millionaire Realtor Membership provides weekly input from Londono, while the intensive Millionaire Real Estate Agent Coaching Program focuses on building 12-month objectives using a custom success action plan. It uses live programming and workshops with Londono herself, as well as an exclusive online community and referral network for members.

What we love

Londono’s keen sense of social media and her posts are a masterclass in how to boost your engagement on platforms like TikTok and Instagram. Don’t miss her takes on Taylor Swift’s real estate portfolio.

Pricing

There are several tiers of Londono’s programs. The Millionaire Realtor Membership costs $97 per month, while the intensive Millionaire Real Estate Agent Coaching Program doesn’t publicly list its price tag. However, you can access her “six-figure real estate scripts” for free on her website.

Who’s it Best For?

Londono’s programs specifically target agents who are looking to scale their business. If you’re struggling with lead generation or want to increase the number of views you’re racking up on social media, Londono is a valuable source within the industry.


10. Steve Shull

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Key Facts

Steve Shull’s Performance Coaching focuses on using consistent execution to achieve your goals. With options ranging from 1:1 private coaching to small group coaching for 10 to 20 agents, the groups have 30-minute Zoom calls three times a day, but the number of sessions you choose to attend is up to you.  Several self-directed courses are also available on the website, focusing on topics ranging from mindset to time blocking.

What we love

If you’re not positive you want to make the investment, Performance Coaching allows a 14-day free trial of daily accountability calls. 

Pricing

Small group coaching costs $6,000 a year, and while 1:1 coaching prices aren’t listed online, you should prepare for a hefty price tag. 

Who’s it Best For?

If you have a specific area you’re looking to improve upon, Performance Coaching offers coaches with unique areas of expertise, ranging from CRMs to business strategy. Tailoring your program to your greatest areas of weakness can help you become a more well-rounded agent.


11. Aaron Novello

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Key Facts

Aaron Novello of Elite Real Estate Coaching has several programs tailor-made for agents looking to hone their craft. A Masterclass in Systems works to teach agents how to scale their real estate business, organize their team, and use programming like Follow Up Boss to manage their business.

The Role Play Mastermind is for agents looking to prepare themselves for tough discussions by working with a role-play partner for 15 to 30 minutes, five days a week. The group coaching option includes a variety of scripts Novello used to close on homes, as well as mindset guides, skill sheets, and expert guidance from experts in the field.

What we love

Novello’s exclusive accountability group allows active members and former coaching clients to share everything from guidance to motivation. If you’re looking to save money, Novello also has a free podcast available on YouTube.

Pricing

Group coaching costs $250 per month and comes with a money-back guarantee. Novello’s masterclass also retails for $250. The Role Play Mastermind costs $500 per year.

Who’s it best for?

If you struggle with having difficult conversations and are looking for solid templates to guide you, Novello’s Role Play Mastermind is a solid investment. The group coaching option emphasizes taking the educational portion and putting it into practice in the real world rather than just watching videos.


12. Krista Mashore Coaching

Key Facts

Filled with energy and known for popping up in the press, Krista Mashore is the mind behind Unstoppable Agent, her 3-day mastery class. It includes over 15 hours of coaching, group workshops, breakout sessions, and skill-building workshops to provide you with the skills to implement digital marketing successfully into your real estate business. 

What we love 

A positive attitude counts for a lot, and Mashore’s personality is a key component of the success of her course.

Pricing

Mashore’s accessibility is another one of her program’s best assets. Her 3-day class is currently priced at $47, but pricing occasionally varies.

Who’s it best for?

If you crave energy and enthusiasm, Krista Mashore has the goods. She’s also an expert on working in today’s low-inventory market, which is ideal for someone struggling with the current housing shortage. But she’s also got a good sense of humor, which shines through in her social media presence.


The full picture: The best real estate coaches for 2024

Hiring a top real estate coach goes far beyond just expanding your skills. While growing and educating yourself as you navigate your career is essential, hiring a coach is all about seeking to achieve more. Whether you’re looking to boost lead generation, build a solid personal brand, or make more commission income, having the input of a seasoned expert is a priceless step in the right direction. As you can see through the endless reviews and testimonials on coaches’ websites, agents who want to scale their business and take their profits to a higher level often seek the outside guidance of a coach. While the cost of hiring someone may be significant, the return on investment is equally as monumental.

Frequently Asked Questions

  • How much does real estate coaching cost?

    Real estate coaching programs vary in price significantly. Most cost over $500 per month, with others charging several thousand dollars per month. “Oftentimes, it is the case that you get what you pay for,” said Kyle Scott, President of SERHANT. Ventures.

    However, prices can also vary depending on the specific niche of real estate coaching you’re focusing on. The more specificity you’re seeking, the higher the financial investment. Of course, self-led courses are likely to cost much less.

  • When is the best time to take advantage of real estate coaching?

    Does your career feel stalled right now? Are you ready to take your career to the next level, but you’re not sure where to start? In a down market, you can channel your time and energy into actively improving your business skills so that you’ll be sufficiently prepared for when the market changes.

    “When things pick up again, you’re ready to capture the climbing market,” says Scott. “If that’s the case, then the best time to embrace coaching is now. At the same time, a thriving market presents agents with new challenges, ranging from having to turn away business or being unable to service your existing business in a way you’re proud of,” Scott noted. “In that type of market, a real estate coach can help you determine what kind of junior agent or assistant would serve you best. How do I figure out how to manage my business in a way that I can keep up with the volume?”

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Part 1: Current State of the Housing Market; Overview for mid-March 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024
A brief excerpt: This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to star…

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Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024

A brief excerpt:
This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to start with inventory, since inventory usually tells the tale!
...
Here is a graph of new listing from Realtor.com’s February 2024 Monthly Housing Market Trends Report showing new listings were up 11.3% year-over-year in February. This is still well below pre-pandemic levels. From Realtor.com:

However, providing a boost to overall inventory, sellers turned out in higher numbers this February as newly listed homes were 11.3% above last year’s levels. This marked the fourth month of increasing listing activity after a 17-month streak of decline.
Note the seasonality for new listings. December and January are seasonally the weakest months of the year for new listings, followed by February and November. New listings will be up year-over-year in 2024, but we will have to wait for the March and April data to see how close new listings are to normal levels.

There are always people that need to sell due to the so-called 3 D’s: Death, Divorce, and Disease. Also, in certain times, some homeowners will need to sell due to unemployment or excessive debt (neither is much of an issue right now).

And there are homeowners who want to sell for a number of reasons: upsizing (more babies), downsizing, moving for a new job, or moving to a nicer home or location (move-up buyers). It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range.

But time is a factor for this “want to sell” group, and eventually some of them will take the plunge. That is probably why we are seeing more new listings now.
There is much more in the article.

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Pharma industry reputation remains steady at a ‘new normal’ after Covid, Harris Poll finds

The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45%…

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The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45% of US respondents in 2023, according to the latest Harris Poll data. That’s exactly the same as the previous year.

Pharma’s highest point was in February 2021 — as Covid vaccines began to roll out — with a 62% positive US perception, and helping the industry land at an average 55% positive sentiment at the end of the year in Harris’ 2021 annual assessment of industries. The pharma industry’s reputation hit its most recent low at 32% in 2019, but it had hovered around 30% for more than a decade prior.

Rob Jekielek

“Pharma has sustained a lot of the gains, now basically one and half times higher than pre-Covid,” said Harris Poll managing director Rob Jekielek. “There is a question mark around how sustained it will be, but right now it feels like a new normal.”

The Harris survey spans 11 global markets and covers 13 industries. Pharma perception is even better abroad, with an average 58% of respondents notching favorable sentiments in 2023, just a slight slip from 60% in each of the two previous years.

Pharma’s solid global reputation puts it in the middle of the pack among international industries, ranking higher than government at 37% positive, insurance at 48%, financial services at 51% and health insurance at 52%. Pharma ranks just behind automotive (62%), manufacturing (63%) and consumer products (63%), although it lags behind leading industries like tech at 75% positive in the first spot, followed by grocery at 67%.

The bright spotlight on the pharma industry during Covid vaccine and drug development boosted its reputation, but Jekielek said there’s maybe an argument to be made that pharma is continuing to develop innovative drugs outside that spotlight.

“When you look at pharma reputation during Covid, you have clear sense of a very dynamic industry working very quickly and getting therapies and products to market. If you’re looking at things happening now, you could argue that pharma still probably doesn’t get enough credit for its advances, for example, in oncology treatments,” he said.

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