2021 Global Couplings Market Report: Market To Reach $ 1.5

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Dublin, October 12, 2021 (GLOBE NEWSWIRE) – The report “Couplings – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.

Global Coupling Market To Reach $ 1.5 Billion By 2026

The global couplings market, estimated at US $ 1.3 billion in 2020, is expected to reach a revised size of US $ 1.5 billion by 2026, growing at a CAGR of 2.3% over the course of the analysis period. Elastomer, one of the segments analyzed in the report, is expected to grow at a CAGR of 2.8% to reach US $ 689.1 million by the end of the analysis period.

The growing emphasis of industries on improving energy efficiency is expected to increase the demand for couplings. Growth is also expected to be driven by market expansion in countries such as Turkey, Nigeria, Indonesia and Mexico, among other developing countries. In recent years, the market has seen several advancements in product technology. The companies focus on the use of lightweight materials with improved inertia characteristics for the production of couplings, as well as the manufacture of compact couplings.

After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Metals segment is readjusted to a revised CAGR of 2.2% for the next 7 year period. This segment currently accounts for a 27.2% share of the global coupling market. The demand for elastomeric couplings is increasing due to advantages such as improved flexibility and different levels of torsional flexibility that they offer compared to metallic couplings.

The increasing adoption of machinery, industrial drives and HVAC is expected to fuel the demand for elastomeric fittings. Metal style couplings are all metal. These couplings are very compact and can handle high speeds. Due to their metallic nature, this type of coupling can be used to extend equipment life in applications involving high speed.

The US market is estimated at $ 368.5 million in 2021, while China is expected to reach $ 283 million by 2026

The coupling market in the United States is estimated at US $ 368.5 million in 2021. The country currently accounts for a 23.11% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 283 million in 2026, with a CAGR of 3.7% during the analysis period.

Other geographies of interest include Japan and Canada, each forecasting growth of 1.5% and 1.9% respectively over the period of analysis. In Europe, Germany is expected to grow by around 1.8% CAGR while the rest of the European market (as defined in the study) will reach US $ 335.9 million by the end of the period. to analyse.

Asia-Pacific is expected to dominate the global market, driven by strong demand from the automotive and other manufacturing sectors in India and China. Europe, with the presence of several industries, is also expected to be a key global market.

Mechanical segment to reach $ 302.7 million by 2026

The mechanical coupling is capable of accepting misalignment due to rolling, sliding or tilting metal surfaces. In the Global Mechanical segment, the United States, Canada, Japan, China and Europe will lead the estimated 1.4% CAGR for this segment.

These regional markets representing a combined market size of US $ 209.7 million in 2020 will reach a projected size of US $ 231.9 million by the end of the analysis period.

China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 37.1 million by 2026, while Latin America will grow at a CAGR of 1 , 5% during the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Effect of the pandemic on the coupling market
  • Pandemic triggers unique challenges for coupling manufacturers
  • Contingency plans for business continuity
  • Overview of the performance of key coupling end-use markets
  • Couplings: an introduction
  • Elastomeric, metallic and mechanical couplings
  • Global Market Outlook and Outlook
  • Analysis by type
  • Regional analysis
  • Competitive scenario
  • Recent market activity
  • Select global brands

2. FOCUS ON CERTAIN PLAYERS (Total 135 featured)

  • ABB Group
  • ALMA GmbH operating elements
  • Altra Industrial Motion Corporation
  • Chr. Mayr GmbH + Co. KG
  • Cross & Morse
  • ERIKS SA
  • JAKOB Antriebstechnik GmbH
  • KTR Systems GmbH
  • MECVEL Srl
  • Motion Industries, Inc.
  • NBK America LLC
  • Rexnord Company
  • SKF Group
  • Timken Company
  • Tsubakimoto Chain Co.
  • Voith GmbH & Co. KGaA

3. MARKET TRENDS AND FACTORS

  • Flexible shaft couplings gain traction
  • A Review of the Gear Coupling Market
  • Hydraulic Couplings Market: An Overview
  • Fluidic couplers as an ideal location for sensors
  • Advances in servo motor coupling technology
  • Safety coupling for the International Space Station (ISS)
  • Digital Automatic Couplings (DACs) Improve Efficiency
  • Use of high-tech materials in coupling technology
  • Importance of Automotive Driveshaft Couplings
  • Established role in the aerospace industry
  • Slow tide in the oil and gas sector, market momentum is not there
  • The US oil and gas industry: outlook for 2021
  • Water and wastewater industry: infrastructure development stimulates demand
  • Elastomeric couplings gain in preference in wastewater treatment plants
  • Heavy-duty couplings gain traction in hazardous area applications
  • The main role in the chemical industry is auspicious

4. WORLD MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/7slkl7



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