Market Overview:
The global flexible mechanical couplings market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flexible mechanical couplings in oil and gas industry, power generation, agricultural, mining and metals industry, and other applications. North America is expected to dominate the global flexible mechanical couplings market during the forecast period owing to the presence of key players in this region. Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising industrialization and growing demand for energy across countries such as China and India.
Product Definition:
A flexible mechanical coupling is a device that transmits torque and rotation between two shafts while allowing for limited angular misalignment and vibration isolation. The importance of flexible mechanical couplings is that they can transmit power while absorbing vibrations, which can protect equipment from damage.
Sleeve:
Sleeve is a mechanical coupling used in various industries such as automotive, construction, oil & gas and mining. It is also used in the food industry for packaging applications. The global market for sleeve has been experiencing significant growth over the past few years owing to its increasing usage across several industries coupled with technological advancements in this field.
The key driver responsible for market growth includes rising demand from end-use industries such as automotive.
Flanged:
Flanged coupling is a mechanical coupling with female and male components joined by an O-ring or a flexible silicone rubber. The design of flanges varies according to the application. In general, they are circular in shape and made from steel or plastic with varying diameters depending on the type of connection required. Flanged couplings are used for applications that require high torque at low speed such as fastening two rotating shafts together, driving two gears together, etc.
Application Insights:
The oil and gas industry was the dominant segment in terms of application scope and accounted for 33.3% of the total revenue share in 2017. The growth can be attributed to increasing production activities across major economies including Saudi Arabia, Russia, China, U.S., Canada among others which are contributing towards increased demand for flexible mechanical couples within this sector.
The power generation industry is anticipated to witness significant growth over the forecast period owing to growing electricity needs across various developing countries such as India, Brazil among others which are projected to drive demand for FMCs over the next eight years from 2018to 2030 at a CAGR of XX%. In addition, rapid industrialization coupled with urbanization has led to an increase in energy requirements resulting in increased power generation activities leading toward additional demand for FMCs within this sector over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for oil & gas, power generation, and other applications owing to rapid industrialization and urbanization. China is one of the largest economies having extensive mineral resources which require efficient mining operations for extraction. This scenario is anticipated to drive regional growth over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high demand from end-use industries coupled with strict emission norms implemented by governments across countries such as Germany, France, Italy etc., which are majorly driving flexible mechanical couplings usage in power generation sector instead of conventional rigid counterparts resulting into higher efficiency while reducing overall cost per unit output value.
Growth Factors:
- Increasing demand for automobiles and heavy equipment
- Growing construction and infrastructure activities
- Rising industrial output across the globe
- Technological advancements in coupling products
- Growing awareness about the benefits of flexible mechanical couplings
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Mechanical Couplings Market Research Report
By Type
Sleeve, Flanged, Clamped
By Application
Oil and Gas Industry, Power Generation, Agricultural, Mining and Metals Industry, Other
By Companies
GKN, LORD Corporation, Gates, Hutchison, Herwarth Reich, TSUBAKIMOTO CHAIN, TOYO TIRE & RUBBER, Helical Products, Voith, Zero-Max, GKN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Mechanical Couplings Market Report Segments:
The global Flexible Mechanical Couplings market is segmented on the basis of:
Types
Sleeve, Flanged, Clamped
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Power Generation, Agricultural, Mining and Metals Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GKN
- LORD Corporation
- Gates
- Hutchison
- Herwarth Reich
- TSUBAKIMOTO CHAIN
- TOYO TIRE & RUBBER
- Helical Products
- Voith
- Zero-Max
- GKN
Highlights of The Flexible Mechanical Couplings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sleeve
- Flanged
- Clamped
- By Application:
- Oil and Gas Industry
- Power Generation
- Agricultural
- Mining and Metals Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Mechanical Couplings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flexible mechanical couplings are a type of coupling that allow for movement in one direction only. This is different from traditional mechanical couplings, which can allow for both forward and reverse motion. Flexible mechanical couplings are often used in applications where precise movement is required, such as manufacturing or engineering.
Some of the major companies in the flexible mechanical couplings market are GKN, LORD Corporation, Gates, Hutchison, Herwarth Reich, TSUBAKIMOTO CHAIN, TOYO TIRE & RUBBER, Helical Products, Voith, Zero-Max, GKN.
The flexible mechanical couplings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Mechanical Couplings Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Flexible Mechanical Couplings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Flexible Mechanical Couplings Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Flexible Mechanical Couplings Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Flexible Mechanical Couplings Market Size & Forecast, 2020-2028 4.5.1 Flexible Mechanical Couplings Market Size and Y-o-Y Growth 4.5.2 Flexible Mechanical Couplings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sleeve
5.2.2 Flanged
5.2.3 Clamped
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas Industry
6.2.2 Power Generation
6.2.3 Agricultural
6.2.4 Mining and Metals Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Mechanical Couplings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flexible Mechanical Couplings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sleeve
9.6.2 Flanged
9.6.3 Clamped
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas Industry
9.10.2 Power Generation
9.10.3 Agricultural
9.10.4 Mining and Metals Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sleeve
10.6.2 Flanged
10.6.3 Clamped
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas Industry
10.10.2 Power Generation
10.10.3 Agricultural
10.10.4 Mining and Metals Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sleeve
11.6.2 Flanged
11.6.3 Clamped
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas Industry
11.10.2 Power Generation
11.10.3 Agricultural
11.10.4 Mining and Metals Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sleeve
12.6.2 Flanged
12.6.3 Clamped
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas Industry
12.10.2 Power Generation
12.10.3 Agricultural
12.10.4 Mining and Metals Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sleeve
13.6.2 Flanged
13.6.3 Clamped
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas Industry
13.10.2 Power Generation
13.10.3 Agricultural
13.10.4 Mining and Metals Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flexible Mechanical Couplings Market: Competitive Dashboard
14.2 Global Flexible Mechanical Couplings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 LORD Corporation
14.3.3 Gates
14.3.4 Hutchison
14.3.5 Herwarth Reich
14.3.6 TSUBAKIMOTO CHAIN
14.3.7 TOYO TIRE & RUBBER
14.3.8 Helical Products
14.3.9 Voith
14.3.10 Zero-Max
14.3.11 GKN