Industrial couplings market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The rising industrialization and adoption of the Industry 4.0 revolution across the globe have created the demand for an industrial coupling market. The high demand for industrial coupling from the end-user industry is a key factor driving the growth of the global industrial couplings market. To meet the growing demand for industrial couplings key players are expanding their production facilities. For instance, in July 2023, R+W, a global brand of precision couplings for motion control and automation systems, opened a new US-based manufacturing facility with expanded machining capabilities and assembly operations for its precision couplings and line shafts. The company relocated into the 30,000-square-foot facility in West Chicago, IL in late 2022, and is currently ramping up to produce the majority of its precision bellows couplings, elastomer couplings, and line shafts for the North American market.
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The global industrial couplings market is segmented based on type and end-user industry. Based on type, the market is segmented into flexible coupling and rigid coupling. Based on the end-user industry, the market is segmented into automotive, healthcare, aerospace and defense, oil and gas, metal, and mining.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Industrial Couplings Market Report Segment
By Type
- Flexible
- Rigid
By End-User
- Automotive
- Healthcare
- Aerospace and Defence
- Oil and Gas
- Metal and Mining
- Other End-user
Global Industrial Couplings Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial couplings market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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