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Reports - Shaft Coupling Market

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Shaft Coupling Market

Shaft Coupling Market Size, Share & Trends Analysis Report by Application (Oil and Gas Industry, Mining and Minerals Industry, Power Industry, Other) by Fuel Type (Flexible Couplings, Rigid Couplings) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)

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Revenue Insights

Revenue 2024

USD 2.5 Billion

Revenue 2035

USD 4.22 Billion

CAGR Revenue

4.90%

Largest Region

xx

MSA Largest Region

xx

Fastest Region

xx

Map Revenue

xx

Overview


Key Insights


The Global


Shaft Coupling Market


is valued at


USD 2.5 Billion in 2023


and is projected to reach a value of


USD 4.22 Billion by 2032


at a CAGR (Compound Annual Growth Rate) of


4.90%


between 2024 and 2032.


Definition and Overview


The Shaft Coupling is a mechanical component that joins the driveshaft and driven shaft of a motor, to transmit power. Shaft Couplings include mechanical flexibility, accommodating tolerance for shaft misalignment. thus coupling flexibility can reduce uneven wear on the bearing, equipment vibration, and other mechanical difficulties due to misalignment. Shaft Couplings are possible in a small type mainly for FA and a large casting type utilized for large power transmissions like wind and hydraulic power machinery.

The global Shaft Coupling market report provides exhaustive analysis on segments, regions/countries, companies, and such several strategic marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others. The report covers market size and estimations for each segment/region/country for the years 2019–2032. It provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. Moreover, the report includes a thorough analysis on competitive landscape comprising of extensive company profiles based on various parameters such as company overview, market revenue, business, product portfolio, and marketing strategies among others.

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COVID-19 Impact Analysis


Outbreak of COVID-19 in 2020 compelled governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to restrict swift spread of COVID-19. However, these actions had a drastic impact on the global economy, as the companies across the globe were forced to either close or partially closed their operations, leading to supply chain disruptions and impairing of various industries. Moreover, in 2021 several key markets such as U.S., India, and Brazil among other witnessed second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:


  • Impact Assessment of COVID-19 Pandemic
  • Pre & Post COVID-19 Market Size
  • Qualitative analysis on the short term & long-term impact of COVID-19 on the market
  • The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

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Market Segmentation


The report delivers an acute breakdown of the market based on various segments such as Type, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.

On the basis of Type, the market is divided into Flexible couplings, Rigid couplings. AC Motor is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Application, the market is divided into Oil and gas industry, Mining and minerals industry, Power industry. Construction attributed to the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

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Regional Analysis: Preview


Geographically, the global Shaft Coupling market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. The regional analysis section provides extensive analysis on various factors impacting market growth such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. Moreover, the same section will provide your detailed qualitative as well as quantitative analysis for each region country comprising of market size and estimations for each region/country. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. Asia Pacific is anticipated to dominate the global market during upcoming years.


Competitive Landscape


Major players in the global Shaft Coupling market are Altra Industrial Motion, mayr, Rexnord, Jakob Antriebstechnik, ALMA, SKF, Voith, Timken, ABB, Motion Industries, KTR Systems, ERIKS, Tsubakimoto Chain, MecVel, Cross+Morse, NBK.. The global Shaft Coupling market report analyzes competitive scenario in detail that includes extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. In addition to that, the report also covers company market share for the year 2022 along with in depth strategic developments.

The global Shaft Coupling market can be categorized as Type, Application, End-Use Industry, and Region.

North America to continue dominating market

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Renewable Power Market size, 2023 to 2032(USD Billion)

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Report coverage & Deliverables

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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

Market Segmentation

ParameterDetails
Application
  • Oil and Gas Industry
  • Mining and Minerals Industry
  • Power Industry
  • Other
Fuel Type
  • Flexible Couplings
  • Rigid Couplings
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Historical & Forecast Data

Base Year

2023

Historic Year

2018 - 2022

Forecast Year

2023 - 2032

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Shaft Coupling Market Size, Share & Trends Analysis Report by Application (Oil and Gas Industry, Mining and Minerals Industry, Power Industry, Other) by Fuel Type (Flexible Couplings, Rigid Couplings) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)