Global High Flexible Coupling Market is valued at approximately USD 2.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030. The high flexible coupling market refers to the global industry involved in the manufacturing of couplings that provide high flexibility and torsional elasticity for various mechanical systems. These couplings are designed to connect rotating shafts and transmit torque while accommodating misalignment, vibration, and shock loads. They offer a flexible connection between two shafts, allowing for smooth and efficient power transmission while minimizing wear and tear on the connected components. The high flexible coupling market encompasses a wide range of coupling types, including elastomeric couplings, disc couplings, grid couplings, and diaphragm couplings, among others. The High Flexible Coupling Market is being driven by factors such as increasing construction activities and technological advancement in coupling technology.
These devices are mostly used in material handling and lifting at construction sites. According to Statista, the size of the global construction market in 2021 was USD 7.3 trillion and is expected to reach USD 10.3 trillion by 2025. Along with that, there is also advancement in technology of highly flexible coupling devices. For instance, in March 2020, J C Bamford Excavators Ltd has recently introduced its latest product, the 8025 ZTS mini excavator. This compact excavator is equipped with a powerful 20.9 Kw Perkin engine, providing efficient performance for various construction and excavation tasks. With a weighing capacity of 2.8 tons, the 8025 ZTS offers versatility and maneuverability in tight spaces. Thus, increasing construction activities and technological advancement in coupling technology fueled the growth of the market. In addition to the Integration of industrial automation and Integration of robotics in different manufacturing, machinery creates lucrative opportunities for the market. However, the lack of technical proficiency along with the lack of awareness hinders the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global High Flexible Coupling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the well-established industrial sectors and significant machinery manufacturing activities. Latin America, and Middle East & Africa consider as fastest growing region due to the increased investments in sectors such as oil and gas, power generation, and infrastructure projects.
Major market player included in this report are:
- Renk AG
- Flender
- VULKAN Group
- Kawasaki Heavy Industries Ltd.
- Renold PLC
- KTR Systems GmbH
- Ortlinghaus-Werke GmbH
- The Timken Company
- Stromag France
- comintec Srl
Recent Developments in the Market:
- In February 2023, VULKAN Group introduced its VULASTIK XT product, specifically designed for industrial applications such as pumps, fans, compressors, blowers, and generator sets. This innovative product offers excellent performance and is suitable for various industrial sectors. Additionally, VULASTIK XT is well-suited for mobile applications, including trains and mobile equipment, that utilize diesel or petrol engines. With its robust design and versatility, VULASTIK XT provides reliable and efficient power transmission in a wide range of demanding industrial and mobile environments.
Global High Flexible Coupling Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Material, End User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Elastomeric Couplings
- Grid Coupling
- Disc Coupling Others
By Material:
By End User Industry:
- Oil and Gas
- Automotive
- Power Generation
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. High Flexible Coupling Market , by Region, 2020-2030 (USD Billion)
- 1.2.2. High Flexible Coupling Market , by Type, 2020-2030 (USD Billion)
- 1.2.3. High Flexible Coupling Market , by Material, 2020-2030 (USD Billion)
- 1.2.4. High Flexible Coupling Market , by End User Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global High Flexible Coupling Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global High Flexible Coupling Market Dynamics
- 3.1. High Flexible Coupling Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing construction activities.
- 3.1.1.2. Technology advancement in coupling technology.
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of technical proficiency along with lack of awareness.
- 3.1.3. Market Opportunities
- 3.1.3.1. Integration of industrial automation.
- 3.1.3.2. Development of industries in emerging countries.
Chapter 4. Global High Flexible Coupling Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global High Flexible Coupling Market, by Type
- 5.1. Market Snapshot
- 5.2. Global High Flexible Coupling Market by Type, Performance - Potential Analysis
- 5.3. Global High Flexible Coupling Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. High Flexible Coupling Market , Sub Segment Analysis
- 5.4.1. Elastomeric Couplings
- 5.4.2. Grid Coupling
- 5.4.3. Disc Coupling
- 5.4.4. Others
Chapter 6. Global High Flexible Coupling Market, by Material
- 6.1. Market Snapshot
- 6.2. Global High Flexible Coupling Market by Material, Performance - Potential Analysis
- 6.3. Global High Flexible Coupling Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
- 6.4. High Flexible Coupling Market , Sub Segment Analysis
- 6.4.1. Steel
- 6.4.2. Rubber
- 6.4.3. Others
Chapter 7. Global High Flexible Coupling Market, by End User Industry
- 7.1. Market Snapshot
- 7.2. Global High Flexible Coupling Market by End User Industry, Performance - Potential Analysis
- 7.3. Global High Flexible Coupling Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
- 7.4. High Flexible Coupling Market , Sub Segment Analysis
- 7.4.1. Oil and Gas
- 7.4.2. Automotive
- 7.4.3. Power Generation
- 7.4.4. Others
Chapter 8. Global High Flexible Coupling Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. High Flexible Coupling Market , Regional Market Snapshot
- 8.4. North America High Flexible Coupling Market
- 8.4.1. U.S. High Flexible Coupling Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada High Flexible Coupling Market
- 8.5. Europe High Flexible Coupling Market Snapshot
- 8.5.1. U.K. High Flexible Coupling Market
- 8.5.2. Germany High Flexible Coupling Market
- 8.5.3. France High Flexible Coupling Market
- 8.5.4. Spain High Flexible Coupling Market
- 8.5.5. Italy High Flexible Coupling Market
- 8.5.6. Rest of Europe High Flexible Coupling Market
- 8.6. Asia-Pacific High Flexible Coupling Market Snapshot
- 8.6.1. China High Flexible Coupling Market
- 8.6.2. India High Flexible Coupling Market
- 8.6.3. Japan High Flexible Coupling Market
- 8.6.4. Australia High Flexible Coupling Market
- 8.6.5. South Korea High Flexible Coupling Market
- 8.6.6. Rest of Asia Pacific High Flexible Coupling Market
- 8.7. Latin America High Flexible Coupling Market Snapshot
- 8.7.1. Brazil High Flexible Coupling Market
- 8.7.2. Mexico High Flexible Coupling Market
- 8.8. Middle East & Africa High Flexible Coupling Market
- 8.8.1. Saudi Arabia High Flexible Coupling Market
- 8.8.2. South Africa High Flexible Coupling Market
- 8.8.3. Rest of Middle East & Africa High Flexible Coupling Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Renk AG
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Flender
- 9.3.3. VULKAN Group
- 9.3.4. Kawasaki Heavy Industries Ltd.
- 9.3.5. Renold PLC
- 9.3.6. KTR Systems GmbH
- 9.3.7. Ortlinghaus-Werke GmbH
- 9.3.8. The Timken Company
- 9.3.9. Stromag France
- 9.3.10. comintec Srl
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption