A recent report published by Infinium Global Research on industrial coupling market provides in-depth analysis of segments and sub-segments in the global as well as regional industrial coupling market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial coupling market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial coupling market. According to the report, the global industrial coupling market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Industrial couplings are the mechanical devices that are used to couple the drive elements such as shafts in the industrial power transmission applications. They are generally used to provide some degree of misalignment and reduce the transmission of shock loads in the rotating equipment. The industrial coupling equipment provides protection against overload and improves the mechanical flexibility of the machines. In the industrial applications, the coupling inhibits high torque and keeps the power shafts aligned. They also offer reliable and high durability operation to set the limit of mechanical mobility. Industrial coupling is vastly used in the broad variety of drivetrain applications in several industries including automotive, medical equipment, energy, metals, mining, oil & gas, and food processing
The high consumption of industrial coupling in the automotive sector drives the growth of industrial coupling market worldwide. In the automotive industry, the coupling is offered mechanical flexibility of shafts, reduce vibrations in shafts and improves the misalignment. Furthermore, the growing demand for protection of automotive from the overloading is promoting the growth of coupling in the automotive industry. Additionally, the benefits offered by the industrial coupling are contributing to the growth of industrial coupling market. The growing adoption of industrial coupling across the gas, oil, and chemical industries are expected to escalate the growth of industrial coupling in the near future. On the other hand, the high maintenance cost of industrial coupling is expected to restrain the growth of industrial coupling market. Moreover, the growing focus on the weight reduction of vehicles and growing demand for improved energy efficiency are projected to create several growth opportunities in this market during the forecast period
Among the geographies, Asia Pacific dominates the market of industrial coupling owing to the high adoption of coupling across automotive, medical equipment, oil, gas, and other industries. The Asia Pacific industrial coupling market is anticipated to be an opportunistic market for the industrial coupling. Furthermore, increasing emission norms and the technological innovations in the coupling devices are contributing to the growth of industrial coupling market in the Asia Pacific region. Furthermore, North America and Europe hold significant market shares in the industrial coupling market
The report on global industrial coupling market covers segments such as types and applications. On the basis of types, the sub-markets include sleeve coupling, split muff coupling, flexible coupling, gear coupling, fluid coupling, and others. On the basis of applications, the sub-markets include automotive, chemical, gas and oil, aerospace, and others.
The report provides profiles of the companies in the market such as KTR Systems GmbH, Dandong Colossus Group Co., Ltd., ABB Motors and Mechanical, Industrial Clutch Parts Ltd, Siemens AG, Altra Industrial Motion, Tsubakimoto Chain, Daido Precision Industries Ltd., Emerson Electric Co., and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial coupling market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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