Couplings Market to Grow by USD 205.7 Million from 2024-2028, Driven by Stringent Emission Regulations, Report on AI Redefining Market Landscape - Technavio

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The couplings market and it is set to grow by USD 205.7 million from 2024 to 2028. However, the growth momentum will progressing at a CAGR of almost 1.7% during the forecast period, according to Technavio. The couplings market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  AB SKF, Chr. Mayr GmbH Co. KG, Daido Steel Co. Ltd., DieQua Corp., Genuine Parts Co., Haudenschild Holding AG, Industrial Clutch Parts Ltd., KBK Antriebstechnik GmbH, KTR Systems GmbH, MECVEL Srl, Michelin Group, R W Antriebselemente GmbH, Ramsey Products Corp., Regal Rexnord Corp., RINGSPANN GmbH, SCHMIDT-KUPPLUNG GmbH, SHV Holdings N.V., The Timken Co., Tsubakimoto Chain Co., and Voith GmbH and Co. KGaA are some of the major market participants -. To know about the vendor offerings -Request a sample report

Couplings Market 2024-2028: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The couplings market report covers the following areas:

• Couplings Market Size
• Couplings Market Trends
• Couplings Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The couplings market is fragmented, and the degree of fragmentation will accelerate. The stringent emission regulations will offer immense growth opportunities. However, the Competitive pricing strategy adopted by low-cost Asian manufacturers will hamper the market growth

Couplings Market 2024-2028: Drivers & Challenges

The Industrial Couplings Industry has experienced significant growth due to various drivers in the current business landscape. Essential workers and safety processes have highlighted the importance of reliable industrial couplings in various sectors. Shutdowns in food production facilities and the implementation of health measures have increased the demand for these components in the food and beverage industry. The International Energy Agency's initiatives for renewable energy have driven growth in the renewable sector, with companies like Renault and Geely Holding Group adopting smart manufacturing practices. The Ontario Government's infrastructural expansion and the expansion of KTR Systems' Rotex family of couplings have also contributed to the industry's growth. The Industrial Couplings Industry's importance is evident in sectors such as mining, cement, vehicle manufacturing, and fluid transfer. Aluminum couplings are preferred due to their lightweight and high strength properties. Key factors influencing the market include shaft distances, torques, and the lifespan of the couplings. Coupling devices are essential for rotating shafts in engines, motors, pumps, and other machinery. In the post-pandemic world, the need for reliable and efficient industrial couplings will continue to be a priority for businesses, particularly in sectors with high usage and relative axial motion, such as mining and cement. Gross domestic product growth in emerging economies and the rollout of 5G infrastructure by mobile network carriers like Gilat Satellite Networks are also expected to drive demand for industrial couplings. Overall, the Industrial Couplings Industry is poised for continued growth in various sectors, including the cement business, vehicle sector, and renewable energy.

In the power transmission industry, various types of couplings are used to connect interconnected components in production equipment such as gearboxes, compressors, pumps, blowers, mixers, and conveyor units. Challenges in using couplings include end motion, misalignment, and separation of shafts. Torque-limiting couplings help prevent damage from excessive torque, but selecting and installing the right type, whether elastomeric or metallic, mechanical flexing, safety, flexible, or rigid, can be complex. Maintenance time and expenses are crucial factors, with elastic material wear and metal parts requiring regular attention. Vibration attenuation is essential to prevent high-frequency noise and user demand for reliable production equipment continues to drive rapid development in the industrial sectors, including automotive production and low-income countries. Torsional stiffness is a key consideration for motor and hydraulic couplings, with jaw-type couplings offering solution for power transmission applications.

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This couplings market report extensively covers market segmentation by  

• Product
• Elastomeric Couplings
• Metallic Couplings
• Mechanical Couplings
• Others
• Application
• Power Generation
• Metal And Mining
• Papermaking
• Automotive
• Others
• Geography
• APAC
• Europe
• North America
• South America
• Middle East And Africa

1.1 Elastomeric couplings-  The couplings market encompasses the production and sale of components that connect two mechanical parts. These components ensure a secure and efficient transfer of power and motion. Couplings come in various types, including flexible, rigid, and elastomeric, catering to diverse industry applications. Key players in this market focus on innovation, quality, and customer satisfaction to maintain a competitive edge. Market growth is driven by factors such as increasing industrial automation and the need for reliable and efficient power transmission solutions.

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Couplings Market 2024-2028: Key Highlights

• CAGR of the market during the forecast period 2024-2028
• Detailed information on factors that will assist couplings market growth during the next five years
• Estimation of the couplings market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the couplings market across APAC, Europe, North America, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of couplings market vendors

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