Shaft Coupling Market
Shaft Coupling Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0269
Segments Covered
By
Type Flexible couplings, Rigid couplings
-
By
Application Oil and gas industry, Mining and minerals industry, Power industry
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2121.52 Million |
 Revenue 2028:
|
3182.53 Million |
 Revenue CAGR
(2021 - 2028): |
5.2 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
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 2021 to 2028.
Global Shaft Coupling Market: Type Segment Analysis
-
- Flexible couplings
- Rigid couplings
Global Shaft Coupling Market: Application Segment Analysis
-
- Oil and gas industry
- Mining and minerals industry
- Power industry
FAQ
Frequently Asked Question
What is the global demand for Shaft Coupling in terms of revenue?
-
The global Shaft Coupling valued at 2121.52 Million in 2020 and is expected to reach 3182.53 Million in 2028 growing at a CAGR of 5.2%.
Which are the prominent players in the market?
-
The prominent players in the 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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Shaft Coupling include
- The increase in utilization in various applications for providing high torque with minimum space usage is anticipated to drive the growth of the shaft coupling market in the near future.
- The increasing need for material handling operations to perform the task efficently is expected to fuel the growth of the shaft coupling market in the years to come.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Shaft Coupling in 2020.
