Market Overview:
The global steel coupling 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 steel couplings from various end-use industries, such as chemical industry, construction, and transportation. Steel couplings are used in various applications owing to their properties such as high tensile strength and corrosion resistance. In addition, the growing demand for rigid and flexible steel couplings across different regions is also propelling the growth of this market.
Product Definition:
A steel coupling is a device that is used to connect two pieces of metal together. It is often used in construction or manufacturing to join two pieces of metal together. The steel coupling can be used to create a strong connection between the two pieces of metal, and it can also help to transmit force between the two pieces.
Rigid Coupling:
Rigid coupling is a mechanical device used in construction for joining two or more elements of structural steel. It provides advantages such as high resistance to vibration, flexibility, and strength. Rigid couplings are manufactured using various materials including stainless steel, carbon steel and alloy metals such as brass & bronze.
Flexible Coupling:
Flexible coupling is a device used in construction and manufacturing industries to connect two or more objects or machines. It can be of various types including mechanical, hydraulic, pneumatic, and electrical. The couplings are made of materials like steel which can withstand high stress without breaking down under the load. They are widely used in heavy equipment industry for connecting two parts of machinery together so that they move continuously with no loss of strength due to their ability to resist breakage and torque.
Application Insights:
The construction application segment led the global steel coupling market in 2017 and is projected to witness significant growth over the forecast period. Steel coupling finds applications in various constructions such as bridges, buildings, pressure vessels and tanks among others. The chemical industry accounted for a considerable share of the construction segment owing to its extensive use in pipes for transporting chemicals and fluids.
The transportation segment is anticipated to register a CAGR of XX% from 2018 to 2030 on account of increasing utilization coupled with low cost & high durability properties offered by steel couplings that make them suitable for automotive manufacturing plants along with other industrial facilities where heavy-duty trucks are used on a daily basis.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, coupled with increasing foreign investments in India and China. In 2015, China announced a USD X billion investment plan for infrastructure projects including roads, airports, railways among others. Similarly, India has undertaken massive initiatives for developing smart cities under which it plans to develop residential complexes for 20 million people as well as hospitals with adequate facilities.
North America accounted for a significant share of global revenue owing to high product demand from oil & gas industry due mainly to extensive use of steel cable ties within production lines used by major players such as ExxonMobil Corporation; Royal Dutch Shell plc.
Growth Factors:
- Increasing demand from the automotive industry
- Growing construction and infrastructure activities
- Rising popularity of steel coupling in renewable energy sector
- Proliferation of online shopping portals for steel coupling products
- Technological advancements in the manufacturing process
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Coupling Market Research Report
By Type
Rigid Coupling, Flexible Coupling
By Application
Chemical Industry, Construction, Transportation
By Companies
Emerson Industrial, John Crane, Altra, Siemens, Mayr, KTR, Industrial Clutch Parts (ICP), Daido Precision, VOITH, Nakamura Jico, Emerson Industrial, ZPMC, Dandong Colossus, Deyang Lida, Wuxi Driveshafts, Unique Transmission Private Limited
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Steel Coupling Market Report Segments:
The global Steel Coupling market is segmented on the basis of:
Types
Rigid Coupling, Flexible Coupling
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
Chemical Industry, Construction, Transportation
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:
- Emerson Industrial
- John Crane
- Altra
- Siemens
- Mayr
- KTR
- Industrial Clutch Parts (ICP)
- Daido Precision
- VOITH
- Nakamura Jico
- Emerson Industrial
- ZPMC
- Dandong Colossus
- Deyang Lida
- Wuxi Driveshafts
- Unique Transmission Private Limited
Highlights of The Steel Coupling 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:
- Rigid Coupling
- Flexible Coupling
- By Application:
- Chemical Industry
- Construction
- Transportation
- 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 Steel Coupling 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Steel coupling is a type of mechanical coupling that uses steel links to connect two or more pieces of metal. The steel links provide a strong connection between the pieces, and they can withstand high levels of stress. This type of coupling is often used in industrial applications, such as manufacturing plants and construction sites.
Some of the major companies in the steel coupling market are Emerson Industrial, John Crane, Altra, Siemens, Mayr, KTR, Industrial Clutch Parts (ICP), Daido Precision, VOITH, Nakamura Jico, Emerson Industrial, ZPMC, Dandong Colossus, Deyang Lida, Wuxi Driveshafts, Unique Transmission Private Limited.
The steel coupling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Coupling 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 Steel Coupling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Coupling 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 Steel Coupling 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 Steel Coupling Market Size & Forecast, 2020-2028
4.5.1 Steel Coupling Market Size and Y-o-Y Growth
4.5.2 Steel Coupling 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 Rigid Coupling
5.2.2 Flexible Coupling
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 Chemical Industry
6.2.2 Construction
6.2.3 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Coupling 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 Steel Coupling 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 Rigid Coupling
9.6.2 Flexible Coupling
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 Chemical Industry
9.10.2 Construction
9.10.3 Transportation
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 Rigid Coupling
10.6.2 Flexible Coupling
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 Chemical Industry
10.10.2 Construction
10.10.3 Transportation
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 Rigid Coupling
11.6.2 Flexible Coupling
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 Chemical Industry
11.10.2 Construction
11.10.3 Transportation
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 Rigid Coupling
12.6.2 Flexible Coupling
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 Chemical Industry
12.10.2 Construction
12.10.3 Transportation
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 Rigid Coupling
13.6.2 Flexible Coupling
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 Chemical Industry
13.10.2 Construction
13.10.3 Transportation
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 Steel Coupling Market: Competitive Dashboard
14.2 Global Steel Coupling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Industrial
14.3.2 John Crane
14.3.3 Altra
14.3.4 Siemens
14.3.5 Mayr
14.3.6 KTR
14.3.7 Industrial Clutch Parts (ICP)
14.3.8 Daido Precision
14.3.9 VOITH
14.3.10 Nakamura Jico
14.3.11 Emerson Industrial
14.3.12 ZPMC
14.3.13 Dandong Colossus
14.3.14 Deyang Lida
14.3.15 Wuxi Driveshafts
14.3.16 Unique Transmission Private Limited
