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 further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, Asia-Pacific is estimated to be the fastest-growing region owing to the growing industrialization in emerging economies such as India & China. Government initiatives, such as the ‘Make in India’ and ‘Made in China’ programs, have further strengthened the place of the region in the industrial coupling market. The growing automobile industry is further driving the demand for the industrial coupling market.?
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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
Market Segmentation
Global Industrial Couplings Market by Type
- Flexible Coupling
- Rigid Coupling
Global Industrial Couplings Market by End-User
- Automotive
- Healthcare
- Aerospace & Defense
- Oil and Gas
- Metal and Mining
- Other
Company Profiles
- Baldor Electric (ABB Ltd)
- Colossus
- Daido Precision Industries Ltd.
- Dandong Colossus Group Co. Ltd.
- Dhara Industries
- Elegant Engineering Corp.
- Emerson Electric Co.
- Industrial Clutch Parts Ltd.
- John Crane Ltd.
- KK Foundry
- KTR Systems
- Nishi Enterprise
- Premium Energy Transmission Ltd.
- Rexnord Corp.
- Sedan Engineering Enterprises
- Shri Umiya Industries
- Tsubakimoto Chain
- Summit Tools Corp.
- SuperMech Industries
- Utkur Iron & Steel Industries
- Wiperdrive Industries
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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