About Industrial Coupling
A coupling is a machine part that attaches 2 mechanical shafts along their ends for power transmission. It is primarily accustomed to assist rotating machine parts like motors for driving conveyor belts. couplings are accustomed connect and disconnect varied fluid systems like oil, gas, air, and chemicals, and powder systems. Couplings stop shafts to urge disconnect throughout operation whereas some force limiting couplings will limit rotating motion once a selected force limit is surpassed.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Coupling market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), KTR Systems GmbH (Germany), Dandong Colossus Group Co., Ltd. (China), ABB Motors and Mechanical (United States), Industrial Clutch Parts Ltd (United Kingdom), Siemens AG (Germany), Altra Industrial Motion (United States), Tsubakimoto Chain (Japan), Daido Precision Industries Ltd. (Japan) and Emerson Electric Co. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chr. Mayr GmbH & Co. KG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Coupling market by Type (Sleeve Coupling, Split Muff Coupling, Flexible Coupling, Gear Coupling, Fluid Coupling and Others), Application (Oil & Gas , Petrochemical , Mining & Metals , Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Industrial Coupling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Industrial Coupling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Enhancing Coupling Tools like light Weight Material, Better Inertia, and compact design for improved energy efficiency across several end-use industries
Market Growth Drivers:
High Consumption of Industrial Coupling in The Automotive Sector
Challenges:
Wearable Material and Material Failure can Cause Increasing Replacement Cost
Restraints:
High Maintenance Cost of Industrial Coupling
Opportunities:
Rising Focus on the Weight Reduction of Vehicles and Optimized Disc Springs and Usage of Wear Free Materials Used In Industrial Coupling.
Market Leaders and their expansionary development strategies
In 2020, The Carlyle Group to acquire Flender, a market leader in mechanical and electrical drive technology from Siemens AG. This acquisition will complement Carlyle Group's accelerate growth through operational and strategic improvements.
In 2021, Siemens launches force-guided coupling relays for safety-related applications. The Sirius 3RQ1 series completes Siemens Smart Infrastructure’s portfolio of coupling and relays Force-guided operation allows for use in railroad, signaling and elevator applications.
Key Target Audience
Industrial Coupling Equipment Manufacturer, Automotive Manufacturers, Gas and Oil Companies, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.