Elastomeric Couplings Market – Industry Analysis and Forecast (2023-2029)

Elastomeric Couplings Market size was valued at US$ 3.63 Bn. in 2022, and the total revenue is expected to grow by 3.9% from 2022 to 2029, reaching nearly US$ 4.74 Bn.
Elastomeric Couplings Market Overview:
Technological advancements and industrialization ha paved the way for modern equipment to increase efficiency and reduce cost. Elastomeric couplings are a form of adaptable coupling that uses an elastomeric polymer insert to help in torque transmission.

Elastomeric couplings have good operational characteristics, including vibration damping and high displacement tolerance. Elastomeric couplings have been found to extend the life of linked equipment when compared to standard couplings. This particular is designed so that their material, which is elastic in nature, wears out before the metal components requiring no external lubrication.

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Advantages of Elastic Couplings over Metal Couplings

The elastomeric compression couplings offer high load capacity and thus can transmit a more significant amount of torque; these also provide high torsional stiffness compared to metal couplings. Elastomeric couplings have the capability to withstand slight misalignments in the shaft while transferring power, such kind of misalignments are not tolerated by metal couplings and lead to failure. Elastomeric couplings do not require lubrication or oiling, thereby achieving less maintenance cost; no lubrication also reduces environmental impact because five times more money is spent on ecological cleaning for every dollar spent on grease.

Elastomer elements are robust and help to decrease vibration and shock transmission. In rare occasions when the component does fail because of excessive torque or misalignment, a new insert is placed in minutes. Because power is conducted through non-metallic elements, there is no metal-to-metal contact, reducing the replacement component to merely the element. Elastomeric Coupling benefits result in more dependable, clean operations and better preventative maintenance, contributing to fewer failures and downtime. Multiple cover options provide easy inspection, and because no parts must be moved, changeout takes mere minutes.

The rise in Demand for Automotive Industry

The pandemic-affected car industry is gaining traction, and sales numbers indicate that the industry is returning to normal. With a growth rate of 11%, demand has risen tremendously due to increasing population and Development.

With rising middle-class affluence in China and India, the vehicle market is likely to grow. According to IBEF, by 2020, India might be a global leader in shared mobility, with prospects for autonomous and electric vehicles; this sector is expected to generate 50 million employment. Elastomeric couplings are used in the automotive industry for power transmission from the driving power-train to the axles.

Rising global temperatures are disrupting the automotive industry; major auto manufacturers are studying ways to be more efficient and reduce costs . The automobile industry was valued at 2.6 trillion dollars in 2021, making it a prominent driver of the worldwide elastomeric coupling market.

Elastomeric Couplings are utilized in various industries including automotive, heavy equipments and machine tools etc. The rise of these industries has had a significant and positive impact on the Elastomeric Couplings market.
Elastomeric Couplings Market Segment Analysis:
By Product Type, the global Elastomeric Coupling market is segmented into Jaw Type, Gear Type, Tire Type, Dowel Pin Type, and Other Types. Jaw-type couplings are broadly helpful, comprising an elastomeric component alluded to as a bug sandwiched between two metal centers with interlocking teeth.

The bug goes about as a safeguard for the coupling and decreases vibrations and electrical disengagement in a few applications. Jaw couplings are viewed as a safeguard in such a case if the spider was to come up short, the teeth of the two center points would interlock and keep on transmitting torque. Thus Jaw-type elastomeric couplings are expected to dominate the Elastomeric coupling market in this segment. Tire connection components are typically elastic subordinate elastomers vulcanized into the tire shape with layers of thread, such as nylon. The grating of the clip is linked to the interior edges of the tire and shearing of the component through this connection, torque is transmitted.

By Application, the Elastomeric Couplings Market is divided into Pumps, Fans/Blowers, Compressors, Mixers, Conveyors and Others. Tire-type couplings are commonly used on continuous-duty American National Standards Institute (ANSI) pumps in various applications where little vibration is required. These, for example, are ideal for applications that require varying flow rates. As the flow rate changes, the likelihood of vibration increases throughout the pump, making bearings more vulnerable. The tire-type coupling functions as a vibration dampener and is more constant. Tire-type connections benefit from being easily replaced without having to move the pump or motor.

By End-User, the Elastomeric Couplings Market is divided into Automotive Industry, Heavy Machinery, and Machine tools. The Automotive Industry is expected to dominate the market with a 43 percent Elastomeric Coupling Market share in this segment.
Elastomeric Couplings Market Regional Insights:
The report contains an in-depth analysis of the Global Elastomeric Couplings Market by geographical region across North America, Asia-Pacific, South America, the Middle East, and Africa. Due to the developing automotive industries in China and India, Asia Pacific is expected to account for a significant portion of the worldwide elastomeric couplings market. In 2021, China sold over 26.27 million vehicles; it is the largest automotive market worldwide, followed by the US, Europe, Japan, and India.

North America is expected to grow at a significant rate due to the presence of technical manufacturing industries of compressors, hvac, etc. Thus North America is projected to increase the sales of elastomeric couplings and have a significant market share during the projection period. Europe is considered an industrial hub with a diverse range of sectors; As a result, the area is expected to have strong growth in the worldwide Elastomeric Coupling market.
With growing developments in the Middle East and Africa, the Elastomeric Couplings market is projected to grow steadily.

The objective of the report is to present a comprehensive analysis of the Elastomeric Couplings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The report also helps understand the Elastomeric Couplings Market dynamics and structure by analyzing the market segments and projecting the Elastomeric Couplings Market size. Explicit representation of competitive analysis of key players by-product, Price, financial position, product portfolio, growth strategies, and regional presence in the Elastomeric Couplings Market make the report investor's guide.
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Global Elastomeric Couplings Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022: 
US $ 1.21 Bn.


Forecast Period 2023 to 2029 CAGR:  
3.9%
Market Size in 2029: 
US $ 1.50 Bn.


 Segments Covered:
by Product Type
• Jaw Type
• Gear Type
• Tire Type
• Dowel Pin Type
• Other Type


by Application
• Pumps
• Fans/Blowers
• Compressors
• Mixers
• Conveyors
• Others


by End User
• Automotive industry
• Heavy Machinery
• Machine Tools



Elastomeric Couplings Market Key Players
• System Components Inc.
• ABB Motors and Mechanical Inc.
• Rexnord Corporation
• Astro-Tex Co., Inc.
• Altra Industrial Motion Corp.
• Lovejoy, Inc.
• Regal Beloit Corporation
• Siemens AG
• DieQua Corporation
• R+W Antriebselemente GmbH
• Rathi North America
• Siemens
• KTR
• The Timken Company
• SKF
• Voith Turbo
• LORD
• John Crane
• Renold
• Tsubakimoto Chain

Frequently Asked Questions:

1. Which region has the largest share in Global Elastomeric Couplings Market?
Ans: China region held the highest share in 2022.

2. What is the growth rate of Global Elastomeric Couplings Market?
Ans: The Global Elastomeric Couplings Market is growing at a CAGR of 3.9% during forecasting period 2023-2029.

3. What is scope of the Global Elastomeric Couplings Market report?
Ans: Global Elastomeric Couplings Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Elastomeric Couplings Market?
Ans: The important key players in the Global Elastomeric Couplings Market are – System Components Inc., ABB Motors and Mechanical Inc., Rexnord Corporation, Astro-Tex Co., Inc., Altra Industrial Motion Corp., Lovejoy, Inc., Regal Beloit Corporation, Siemens AG, DieQua Corporation, R+W Antriebselemente GmbH, Rathi North America, Siemens, KTR, The Timken Company, SKF, Voith Turbo, LORD, John Crane, Renold, Tsubakimoto Chain

5. What is the study period of this Market?
Ans: The Global Elastomeric Couplings Market is studied from 2022 to 2029.