The Global Elastomeric Couplings Market Is Expected To Grow From USD 1.02 Billion In 2022 To USD 1.48 Billion In 2030, At A CAGR Of 4.5% From 2023 To 2030.

Elastomeric Couplings Market Overview:

The increasing demand for power transmission requires elastomeric couplings formed from synthetic materials and polymers such as polyurethane. These material-flexible, lube-free connections can be found in drive systems and compressors and account for the huge demand for elastomeric couplings in the automotive market.

Elastomer couplings provide excellent operating qualities such as vibration damping and high displacement tolerance. Depending on customer needs, special design alternatives for special purposes are also available for sale of elastomeric couplings. Compared to conventional couplings, elastomeric couplings have been shown to extend the life of connected equipment.

Industrial and automotive require manufacturing machinery that requires elastomeric couplings as critical components to be mounted on gearboxes and conveyor units. Growth in the industrial sector and increase in automotive sales in low-income countries are expected to directly or indirectly boost the sales of elastomer couplings in the global market.

Elastomeric Couplings market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Elastomeric Couplings market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we considered the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Elastomeric Couplings Market:

Market Key Players:
Siemens (Germany), Regal Rexnord (U.S.), Dodge (U.S.), Altra Industrial Motion (U.S.), KTR (India), SKF (Sweden), VULKAN (India), Voith (Germany), LORD (U.S.), The Timken (U.S.), REICH (Germany), KWD (Kuwait), John Crane (U.S.), Renold (UK.), Tsubakimoto Chain (Japan), R+W Coupling (U.S.)

Elastomeric Couplings Market by Types:

• Jaw Type
• Gear Type
• Tire Type
• Dowel Pin Type
• Other

Elastomeric Couplings Market by Applications:

• Pumps
• Fans/Blowers
• Compressors
• Mixers
• Conveyors
• Others

By End User

• Automotive industry
• Heavy Machinery
• Machine Tools

Elastomeric Couplings Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

North America is the second largest flexible coupling market globally and is expected to grow at a faster rate than Asia Pacific during the forecast period. Growth in the region is attributed to rising product demand across various industrial sectors such as automotive, aerospace, and construction. Furthermore, favorable government policies and increasing investments by major players are also expected to drive the growth of the region. Europe is the third-largest market for flexible couplings globally and is expected to witness moderate growth over the forecast period. This growth can be attributed to increasing product demand across various industrial sectors such as automotive, construction, and mining. However, stringent environmental regulations coupled with high manufacturing costs are likely to restrain the growth of the region over the forecast period. Latin America is the fourth-largest flexible coupling market globally and is expected to grow at a slower rate than other regions during the forecast period. This slowdown can be attributed to high manufacturing costs, which hampered product demand across various industrial sectors. The Asia Pacific region is the largest flexible coupling market globally, accounting for more than 35% of the total revenue in 2019. The region is expected to continue to dominate over the forecast period owing to high demand for the product from various industries such as construction, industry, mining, and transportation. Rapid urbanization coupled with increasing infrastructure spending by governments in emerging economies such as China and India is likely to drive growth in these countries. Moreover, rising foreign investments coupled with favorable government policies are expected to boost manufacturing activities in Asia Pacific, which is expected to further drive product demand over the forecast period.

Significant Market Dynamics:

Growth Factors:

• Due to the growing trend of engine miniaturization and weight reduction, the demand for elastic couplings in the automotive industry is increasing.
• There is a growing demand for elastic couplings in the industrial sector due to their ability to suppress vibration and noise levels.
• The growing popularity of hydraulic fracturing, or hydraulic fracturing, has increased the need for reliable and durable elastic couplings in the oil and gas industry.
• The rapid growth in Asia Pacific, especially in China and India, is due to the increasing rate of industrialization and urbanization in these countries.

Report Scope of Global Elastomeric Couplings Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.